Summary Point: This article explains how to lock savings by separating salary and savings accounts, disabling easy access, using goal-based SIPs and ELSS, adjusting savings rates, and managing unexpected expenses with credit cards. Jump to the mind map. Introduction Most people who are reading this blog post are ones who have their own savings account….
In this tariff war world, the dollar is flexing its muscles again. As if the cost of living here wasn’t already giving us a mini heart attack every time we swipe our credit cards. But seriously, this whole “strong dollar” thing is something our NRIs need to understand. Why? Because it touches everything from their…
The purpose of this article is to formulate a rule using which one can do the affordability analysis for oneself. The majority of us are not clear about our affordability factor. We are lured into believing that we can buy a thing that is actually not affordable. The idea is to understand the concept of…
If personal finance is a thing, it has three legs. The first leg is savings (spending less than earning). The second leg is investment (making money work). The third leg is emergency fund (capital for unplanned events).
Summary Points: Goal-based investing ensures that we align their financial decisions with specific, purpose-driven objectives, enhancing efficiency and long-term success. By identifying and prioritizing financial goals like building an emergency fund, purchasing a car, buying a home, securing a child’s future, or planning for retirement, investors can systematically allocate funds to appropriate instruments such as…
If you are in a dilemma about whether to invest or prepay the home loan using your spare cash, then you are not alone. This dilemma happens to a majority of people. When people climb-up the income ladder, they begin to generate more free cash. If the focus is on improving one’s financial health, wise…
