Is a Rs 1 Cr insurance cover enough for you? A Rs 1 Cr insurance sounds like a solid round figure. It seems “more than enough” to most individuals. But the question is that if it is truly enough for you?
What has your income got to do with the Life insurance amount you are insured for? A life insurance policy is not meant for your benefit but for the benefit of your financial dependents. The benefit is that in case of an unfortunate event your dependents will not be impacted financially.
One more reason why you should automate savings first What remains a constant is that faced with an increasing shortage of time we are spending more and more on convenience simply because it is easier.
How should you really measure the rate of return on your SIP? How you measure your rate of return can make a significant difference in terms of how you assess an investment.
Concerned by talks of a slowdown? Here’s what to do. If you are concerned by murmurs in the media or perhaps among your own office colleagues about a slowdown impacting the economy in the near future, then here is something better to do than to worry about it.
My salary went up. Should I bump up my emergency fund? “Hey, I just got a hike this year. You guys say an emergency fund should have 4 months of salary or six months of expenses. Should I bump up my emergency fund?”
Want to retire early? Here’s what it will take Considering that retirement is a non-negotiable and generally unavoidable event in every working professional’s life, the fact that only three in ten are actually doing anything to prepare for it, much less about retiring early, is eye opening.
Blindly chasing returns can be injurious to your goals Just like we learnt in school in our moral sciences class, chasing temptation usually has unwanted consequences. In investing, these consequences are potentially life altering and not in a good way.
Live in a metro city? 4 Realistic money-saving hacks that can help Here are four ways many of you can save at least Rs 1000 more each month.
Comparing equity mutual funds with fixed deposits? What’s wrong with this? The common refrain is, “I would have gotten better returns from an FD!” Considering many of these investors have earlier invested in FDs, or their parents have, looking at what their fixed deposit has given them and questioning the value of equity is not wrong, if one considers their point of view.
Just became a parent? Here's a simple financial checklist for you By taking some small but important steps, you can at least make sure that the financial aspects of this responsibility are handled with care. Here is a short list, that would be helpful for all new parents to follow.
Why investing in good short-term debt funds can be great for your equity investments. The answer lies in “not needing the money NOW”. Have you noticed how you tend to worry less about money when you have more than enough of it? The feeling when you receive your salary versus when you are nearing month end is quite different.
