Rich, yet bankrupt!

What makes you rich – high income or savings? There are several examples of celebrities who are seemingly rich, yet bankrupt!

Read More
Advertisements
Advertisements

Does easy access to loans make things affordable to you?

Getting loans has never been easier. More and more banks, NBFCs and fintech startups are making it easier to access loans. Some promising loans with just click of few buttons. You can fulfill most of your needs via a loan, even if you are short on cash.

Read More

Common mis-selling in financial products

Mis-selling in financial products – There is nothing new or uncommon in this. Yet we often fail to realize this – or realize it after it is too late! It is not uncommon to hear stories where people bought product because a friendly uncle or friend or bank’s relationship manager (RM) or investment adviser suggested. […]

Read More

Debt funds as an alternative to fixed deposits?

Debt funds are in news again. This time thanks to DHFL (You can read in more detail here). NAV (Net Asset Value) of several debt funds have plummeted in a single day. This raises a question – Are debt funds really safe? They are often pitched as an alternative to fixed deposits – with a […]

Read More

Good debt versus bad debt

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

Paying off debt versus investing money?

If you get some additional money in hand via a bonus or a pay raise – what should you do? Indulge yourself, pay off your debts/ loans, if any or invest? There are seldom any easy choices there – especially when it comes to paying off debt versus investing. And both may have their own merits and demerits!

Read More

7 habits of well paid yet broke people

Earning good money – be it salary or business, is the first step towards a good lifestyle and being financially well off. Yet, it is not common for people to be well paid, have good lifestyle but financially struggling – almost broke. And for most, this is entirely avoidable.  But then, it requires a change in habits and changing the lifestyle that led to this. What are some habits of well paid but broke people?

Read More

Common credit card mistakes you should avoid

Credit cards often receives lot of flak – partly because of humans using it. Yet it can be a very good tool to manage your finances. And it can also be a starting point for financial quicksand – which can manifest itself in form of unending and snowballing payments – thanks to the high interest rates they charge. However, you can avoid getting into this quicksand by avoiding some common credit card mistakes. What are some common credit card mistakes you should avoid?

Read More

7 common money mistakes which beginners make

Money management is not an easy task. For the inexperienced, and often for experienced ones too, it is not difficult to spend money. It is saving and investing – things that form backbone of good money management, that is difficult. Invariably, lot of people make some common money management mistakes. Over a period of time, few learn the lessons, some don’t and many don’t even realize that something is amiss. What are some common money management mistakes which several beginners make?

Read More

10 signs that you are living beyond your means

Living beyond your means is usually one of the first signs indicating the worrisome nature of your long term finances. It can eventually lead to a downward spiral of debt and debt repayment. Yet it is not common. One of the many reasons for this is not even realizing that you are actually living beyond your means.What are some signs that you are living beyond your means?

Read More