While FDs offer guaranteed returns, these returns are typically modest. In an era of rising living costs, the purchasing power of your money can diminish, leaving you with less than you started with in real terms. Inflation: The silent wealth killer One of the biggest drawbacks of fixed deposits is their vulnerability to inflation. When … Read more
But as I wrote earlier, just having a 6-month buffer may not be enough and because of their unique circumstances, some people need larger emergency funds. While the idea of having an emergency fund is mostly agreed upon by everyone, where one parks the emergency money often results in different responses. In general, and for small … Read more
The financial independence of women is described by the term fiscal feminism and it is becoming popular in India. This term represents women’s freedom in terms of money, especially those who are mothers since they are defying traditional barriers and redefining their roles within the financial sector. The emergence of fiscal feminism India has experienced … Read more
What is the 3-bucket strategy? The 3-bucket strategy involves appropriating your retirement corpus into three separate investment buckets to cater to your cash flow needs during different periods of the retirement years. Each bucket is based on a specific time horizon and serves a specific purpose. The strategy ensures you keep getting regular cash flows … Read more
Use a small portion to treat yourself Before you get down to the business of using the annual bonus for financial planning, you may set aside 10-20% of it. You can use this amount to treat yourself and your family. It is your well-deserved bonus for which you worked hard the entire year. Hence, you … Read more
As a result, you should stay true to wealth creation instead of getting carried away with the flow. Here, we list out some of the key money lessons that each investor should be mindful of. In fiscal 2025, you may want to follow these money lessons to achieve your financial goals in the long term. … Read more
I am 38 years old, make ₹1.35 lakh a month, and want to accumulate ₹5 crore for my retirement. Where and how should I invest to achieve this objective? —Name withheld on request You are 38, and if you plan to retire at the age of 60 with a corpus of ₹5 crore, you should … Read more
The early bird gets the worm The decision to prepay your home loan isn’t just about having surplus cash; it’s about timing. Making additional payments towards your home loan in the initial years can significantly impact the interest you pay over the loan’s life. For instance, Ankush, who took a ₹50 lakh home loan at … Read more
CIBIL score is a key factor that banks consider at the time of evaluating an individual’s creditworthiness. While savings and investments themselves do not directly impact your CIBIL score, they indirectly affect it through various financial behaviours. The factors which actually impact the credit score, also known as CIBIL score, include the payment history, debt … Read more
Investment is one such goal that makes the journey of life interesting. Investment is an asset acquired with the goal of generating income or appreciation. Appreciation increases in value over a period of time. Investment is made to create future wealth. When a child is born, learning is gradual. Recognition with senses, reciprocation with gestures, … Read more