A structured budget is essential for managing your finances effectively. It not only helps during emergencies but also secures your financial future. While credit cards can be a double-edged sword, when used wisely, they can significantly enhance your budgeting efforts. The key risk lies in impulsive spending, which can lead to debt traps. However, with … Read more
Are you a travel freak and love to explore new places? Or are you a young college student who likes to visit the country’s hinterland to interact with people from different regions? Else, do you desperately like to view, see and feel the things which your income may not support — but you find these … Read more
Insurance acts like a safety net, helping protect you and your family from unexpected situations that can cause financial stress. Whether it’s a car accident, a health emergency, damage to your home, or losing a primary earner, having the right insurance can ease your financial burden, allowing you to focus on getting back on your … Read more
Achieving financial stability and prosperity involves more than just earning a good salary or making high returns on investments. It requires cultivating effective habits that align with your financial goals and help you manage your money wisely. In this article, we’ll explore essential habits that can enhance your financial life and set you on a … Read more
Mint spoke to financial experts to help answer this critical question. When you’ve met your goal One of the most straightforward reasons to sell your mutual fund investments is that you have achieved your financial goal. Vishal Dhawan, a Sebi-registered investment advisor and founder & CEO of Plan Ahead Wealth Advisors, said it’s prudent to … Read more
In complete contrast to the conventional rules of investing, a recently released Sebi study showed that retail investors sell nearly half of their holdings in initial public offerings (IPOs) within a week. Individual investors sold 50 per cent of the shares allotted to them by value within a week of listing and 70 per cent … Read more
Personal loans are a convenient solution for meeting one’s immediate financial needs in today’s world. Whether it’s for a dream vacation, managing expenses, or advancing a career, personal loans have become a popular option for many. However, choosing the right lender can be challenging with so many options available. To make a smart decision, it’s … Read more
As you move through the various stages of life, your financial needs, goals, and risk tolerance naturally change—just like the terrain you’re driving through. What worked for you in your 20s might not be the best approach in your 50s. That’s where life cycle investing comes in. It’s a strategy that adapts your asset allocation … Read more
One of the key objectives of investing is to meet your financial goals. And if you have already achieved them, what should be your course of action? The standard response would be to redeem your investments and withdraw the money so that you can use the same towards your goals. However, this is not an … Read more
Investing, a crucial aspect of financial planning, requires a strategic approach that aligns with individual goals and time frames. Whether it’s equities, debt funds, or other asset classes, having a clear investment horizon is imperative for optimising returns and managing risk effectively. Investing with a time frame: Importance across asset classes When it comes to … Read more