High cost of tax saving

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
Advertisements
Advertisements

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

Real cost of buying a home for investment

Real estate has been one of the most popular investment options among people. People buy it either for living or as an investment. Among other things such as rental income & price appreciation, the pride and satisfaction of owning a home is one of the reasons why people invest in real estate. However, what is […]

Read More

10 tips to avoid getting into a debt trap

Love for debt (and EMI driven lifestyle) can be detrimental to your financial life.  It can make compounding work against you and may deter you from reaching your financial goals. Hence, it is important to avoid getting into debt trap if one is aiming for financial independence or partial financial independence. Here are 10 tips to avoid getting into debt trap.

Read More

Tips to get out of debt

Debt, more often than not, is bad for your personal finance. The burden of servicing debt and paying your EMIs can make compounding work against you. Being in debt can make you pay a much higher price than you ought to be and have a long term implications on your financial journey.But if you have debt, and multiple types of debt, how do you get out of it? Here are some tips to get out of debt.

Read More

When you should invest in home … And when you shouldn’t

Buying a home is a big decision for many. While it often gives a sense of security, it is also a huge financial commitment. Unfortunately, many of us jump into “investing” in home soon after getting a stable income, without even being “ready” for it. This is often driven by need for a sense of […]

Read More

5 common mistakes while planning taxes

If you’re a salaried person, it’s that time of the year – time when you’ll probably scramble around to get proof of investments and tax saving. No? If not, then hopefully you are well sorted in terms of tax planning, and the below content may not be too relevant to you! There are several ways […]

Read More

Common mistakes to avоid while tаking home loan

Buying a home is a big decision for most of the people. And if recent decades are anything to go by,  home loans are here to stay -irrespective оf the conditions оf the есоnоmу. However, people often hаvе tо undergo many hаѕѕlеѕ tо sign uр a deal with a bank оr lending company/ mortgage institution. […]

Read More