Do you know how to talk about money with your spouse ? Money is one of the reasons couples fight often. Yet it remains one of the least discussed points between couples. It is common knowledge that something that you don’t discuss with your better half will lead to confusion and misunderstanding. Given that, eachRead More
Repo Rate, Reverse Repo Rate and Bank Rate
On May 3rd 2011, the Reserve Bank Of India (RBI) increased key policy rates i.e., repo rate reverse repo rate and bank rate to contain inflation. While this was in the news big time, not many of us would have realized its direct effect on our everyday lives and our financial planning. Here are someRead More
Questions – When Hiring a Financial Planner
A lot of you might have made an attempt to hire a financial consultant to do your financial planning. Today, you have relationship managers, wealth managers, insurance agents and mutual fund sellers calling themselves financial planners. All of them offer you some kind of solution for the financial goals you have in life. How doRead More
Best Tax Saving Mutual Funds (ELSS) to invest in India
We present the best tax saving mutual funds (ELSS) to invest in India. Investing your hard earned money to save income tax is a critical part of your financial planning. While one could use any of the existing 80C deductions to save income tax, using tax saving mutual funds, also called Equity Linked Saving SchemesRead More
How much life insurance do you need ?
How much life insurance do you need? It can be calculated in an excel sheet now. Use the two methods to calculate the figure. Please be aware that there is a better method called Needs Analysis which is the best and most professional way to get to the magic figure. WhenRead More
5 Tips on Using Your Credit Card Wisely
Credit card dues are an expensive proposition. So, here are some tips on using your credit card wisely, because the lure of buy today and pay later gets the better of most of the investors very easily. Credit card liabilities are the worst form of loans available in the market today because of their highRead More