Real financial freedom isn’t just about getting out of debt, doing what you want or reaching an amount. It is the number of days you can survive without you or any family member doing physical work, and still maintaining your standard of living.

While there is the irresistible urge to go for a brand new car, it might not suit everyone’s pocket. Perhaps, you have done a few test drives and shortlisted your favourite model. But you are unable to decide between the new and old. Hop on as we drive you through its pros and cons.

Just because two goals are long term doesn’t mean the approach to them will be exactly the same. Let’s see how.

If you are in high school or college, there’s a possibility you get at least a few thousand rupees as pocket money. But, did you know that if you save even a part of this pocket money, you can become a crorepati? That’s because you need to have two things to become super rich, namely time and money

For a lot of young Indian urban working women, motherhood is no more a simple decision. The question often arises, that does it make sense to become a mother in their 20s or delay it to their 30s when they are more likely to be financially stable?

Is it possible to negotiate a reduced work schedule with your employers? And what will be the financial consequences?

Financial security is about being able to save and invest enough so you do not constantly rely on your salary to maintain your lifestyle. Usually, the idea is to reach this level of financial security by the time you have to retire.

Having conversations and communicating effectively about money is a difficult task for adults, let alone trying to make sense of it for children. Nevertheless, setting a sound money foundation should begin at an early age, that’s how the inhibition around money discussions will reduce.

There are two schools of thoughts, for asset management. First, is age-based asset management and second is the goal-based asset management. Let’s see what they mean and which works better for you in the modern world of investing.

If you are already doing a good job while being a regular investor and building a portfolio that serves you in the long run, you’re on the right track. But what happens if you have an emergency that can potentially become a monetary set back, do you withdraw from your neat long-term investment portfolio?

“Stop eating out”. “Cancel gym memberships”. “Shop with a grocery list”. Often such advice is given to save money. However, there are some items that should never be cut out of your household budget.

You keep calendars to remind yourself of personal events like anniversaries, doctor visits, or piano lessons. Why not extend the good practice to organise your financial life as well?