Is No Cost EMI really a free lunch? The short answer is No. No Cost EMIs are just a marketing gimmick to attract the financially under-educated masses. No Cost EMIs are designed in such a way that there wouldn’t be any benefit for the consumer at the end of the deal. Take an example of …
I don’t know if it’s because of the confinement which came out of COVID or the ongoing Work from Home culture, people’s, especially the IT individual’s perspective towards outgoing has changed. As the saying goes, the depths of oppression creates the heights of character. Similarly, the longstanding captivity has arisen the liberty among free souls. …
Do you own a credit card? If not, it’s time to hold one. The are umpteen direct and indirect benefits of transacting with Credit Cards in India. Since, I was a kid I was always taught Credit borrowing is bad while Credit lending as good, since it generates money. But there is another face to …
5 Direct and 4 Indirect Benefits of Credit Cards in India Read More »
Let’s say the cost of a cup of Tea (in Hyderabad) or say a cigarette, is 10. And assume, you are consuming once per day. The cost adds up to Rs. 300 per month and Rs. 3,650 per year. If you compound it for next 35 years (assuming your age is 25 and you retire …
Apart from the most common ones like Life Insurance, Health Insurance, Travel Insurance, Motor Vehicle Insurance, House Insurance, there are multiple other things you can Insure if you’re afraid losing. Some of the lesser known facts about the Insurance Industry is they allow you to insure multitude other things like Your iPhone, Your Laptop, Your …
“how to save income tax?” has been an eternal question for me. With changing internal factors (our income) and external factors (income tax slabs) it’s imperative that we keep updated ourselves with latest tax saving strategies to reap maximum benefit. Also, I don’t know what’s with me, I always strive for a zero net tax. …
How to Save Income Tax in India: Salaried Employees Read More »
Personal Finance is simply managing Money. Be it Saving, Spending, Lending or Investing. But it all starts with Earning. Everyone have their own philosophy when it comes to Money. If you don’t have a philosophy, then your psychology will make the decisions for you (example: impulse Purchases, selling a falling Stock). Money if not managed …
