Yesterday night we invited one of our family friends for dinner. Quite surprisingly, dinner ended up with fight between husband and wife. The bone of contention between husband and wife was "How to Spend their Annual Performance Bonus?". Best part is that Bonus is yet to be paid. Husband will receive Bonus with March's salary and wife will receive in April's salary. Wife would like to buy Diamond Set and plan holidays abroad both costing 4.5 lakh. She told husband to save rest. Please note that total bonus payout is 5 lakh :). I was avoiding interference in their personal matter but then i ... Read More
Bank Fixed Deposits – Park Contingency Funds
Fixed Deposit or popularly known as FD is not an Investment tool in Personal Finance dictionary. At the same time FD is one of the most popular saving scheme for all Indians. Personally, i never believed in comparison of different financial products like Fixed Deposit vs Debt Mutual Funds or Fixed Deposit vs Recurring Deposit. Each Financial Product is unique in nature and serves to particular segment of investors. Depending on the financial need, we can select particular Financial Product. Please remember that one size doesn't fit all. Its a no-brainer that Fixed Deposit can be opened in ... Read More