A Home is believed to be one single biggest asset for any middle-class family during a lifetime. The emotional value and memories attached to it are ‘Priceless'. As I keep highlighting in my posts that Home Insurance is one of the must have insurance covers. In layman terms, home insurance hedges the risk of any loss or damage to the structure of your home because of natural calamity, fire, etc. You may also opt to insure the valuables like jewelry, appliances, and other contents with this plan. Have you ever wondered about what is the true value of your home? Trust me, it is much more than ... Read More
7 Important Money Lessons You Should Teach Your Child
"My child does not need Money Lessons, She knows it all". This was one of the responses i received from one of the parents during a social gathering. The topic of the discussion was "Today's generation does not know the value of money". Some of the parents stressed on the need of imparting money lessons to a child from an early age. I completely agree and concur. I decided to share my thoughts on this topic through a blog post. As i keep highlighting in my posts that from a personal finance perspective, India is one of the most financially illiterate countries. Due of this reason financial ... Read More
Tax Savings – Check the diff between Pre and Post Tax Return
Tax Savings is a magical word in India. It is easy to sell a financial product with a tag of "Tax Savings". Sometimes i fail to understand whether we invest to save tax or save tax by investing. I think it is former. It will not be an extrapolation to state that we are over obsessed to save tax. Here i am not suggesting that we should not save income tax. The pain point is when we select products for tax savings without financial calculations. In other words, most of the times we compromise on returns to save tax. Because of this reason, the traditional insurance plans like Money Back / ... Read More
Financial Investments – 11 Most Important Points to Consider
"Financial Investments are not a child's play" i read it in a book of a very famous investment guru. The term "investment guru" is loosely used in the personal finance space. We have investment gurus of the stock market, real estate, mutual funds, commodities etc. In past as a common investor, i used to get confused whom to follow and who should be ignored. I could not find reliable 360-degree information on financial investments. In India, all the people around us are also investment gurus. Normally an investor decides on Financial Investments based on the feedback from their relatives, ... Read More
Life Insurance or Compromise in Life – Choice is Yours
The topic of Life Insurance is very close to my heart. Recently, I was watching a new campaign of Birla Sun Life Insurance. The theme of the campaign is #KhudKoKarBuland. I was able to co-relate the campaign with the experiences of the readers of this blog. I will share some of the real-life cases later in the post. Normally, I observed that life insurance campaigns are closer to reality than any other campaign. Over a period of time, there is a sea change in the theme of the life insurance campaigns. In past, I remember the campaigns were themed around fear factor. Now the brands are trying ... Read More
Financial Misjudgement – Top 5 that can Cost you Heavily
Financial Misjudgement is very common during the lifetime of an individual. It may be due to ignorance or lack of awareness. The minor financial misjudgement can be corrected easily and does not have a too much financial impact. On the other hand, financial misjudgement in some of the major financial decisions can push you couple of years back financially. Financial awareness is one of the weak areas in India. In some of my posts, i even suggested to include the basics of personal finance in school or college curriculum. As an individual, we have very limited resources to invest. India's ... Read More
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