Tax planning, for must us form an important part of managing our finances. By using certain provisions under Income Tax act, one can save good amount of taxes. Some investments and expenses facilitate tax savings. However, sometimes pursuit of tax saving can prove expensive. This is typically the case when one takes investing decisions primarily to save taxes rather than fulfilling some financial objective. This often leads to high cost of tax saving!Read More
Medical expenses is arguably the single biggest unexpected expense that can set your financial plans back. Unfortunately, it is difficult to predict medical emergencies. The best one can possibly do is be prepared and health insurance can play an important role in it. Yet lot of us are uninsured or under insured.Read More
Investment risk and returns are often correlated. You might have heard this umpteen times. Higher the returns on offer, higher the risk. Some investments are riskier than others. Some investments are risk-free (or considered risk free – nothing may be completely risk free).
However, in pursuit of returns, we often overlook the risk. Little bit more awareness about risk can help set expectations right!Read More
Good debt versus bad debt – How do you differentiate? Typically good debt creates assets and bad debts create liabilities. But there is more to it. Sometimes your need at that point of time can classify debt as good or bad. Few other times, you can know only with benefit of hindsight!Read More
Cashbacks are an amazing way to save money while shopping! More so while you do online shopping. How can you get cashback on online shopping?Read More
Note – This post is written in context of real estate in Australia. Image Source: Pixabay There are many taxes that we must pay, and capital gains is just one that is levied in certain situations. Capital Gains Tax (CGT) is levied on the resulting difference between the amount you have paid for an asset […]Read More
Financial planning is one of the first steps towards a healthy financial life. Yet very few of us have a financial plan in place. And even within this set, very few of us actually follow the plan. Here are some reasons why you need a financial plan!Read More
Where are the stock markets headed for? We all can make calculated guesses based upon our own understanding and observations. Some of us will probably be right. But nobody knows for sure where the stock markets are headed for.Read More
Owning a car can mean many things to many people. For some it is a way to go from point A to point B, rather conveniently. Many other may view it as a symbol of success. For some it represents manifestation of an aspiration. However not all of us bother to calculate the cost of ownership of car.
How do you calculate the daily cost of owning of car?Read More
Lifestyle is a choice. It is about prioritizing what is more important to you. Eventually everything you own comes at a cost. What is the cost you are willing to pay – is a question you need to ask. If you are chasing financial independence, it comes at a cost – cost of delaying gratification and having a disciplined approach. If you are chasing lifestyle which is not commensurate with your income, it comes at a cost of your future financial security. You need to decide what are the costs you are ready to bear!Read More