With healthcare costs spiraling in India, you need to be prepared for any medical emergencies. Such events can dent your savings and even land you in debt, putting your financial l ... Read more
With healthcare costs spiraling in India, you need to be prepared for any medical emergencies. Such events can dent your savings and even land you in debt, putting your financial life out of gear. That’s what happened with Haripriya Padala and her husband Saikishore, both finance professionals. But a disciplined approach towards saving and sound financial advice have helped them salvage the situation. Read more
Naveen Garg, a Pune-based architect, and his family liked to spend like there was no tomorrow. When they realized their mistake, they had to take some drastic measures to put their ... Read more
Naveen Garg, a Pune-based architect, and his family liked to spend like there was no tomorrow. When they realized their mistake, they had to take some drastic measures to put their money life in order. If you want to maintain your current lifestyle even in the future and achieve all your financial goals, take some lessons from their story and make those small sacrifices now. Read more
For 10 long years, Bengaluru-based Sai Pramod G.N. invested only in real estate by channeling all his savings in repaying a home loan. That can never be a good idea because the rea ... Read more
For 10 long years, Bengaluru-based Sai Pramod G.N. invested only in real estate by channeling all his savings in repaying a home loan. That can never be a good idea because the real estate asset class is illiquid in nature and by doing this, you end up putting all the eggs in one basket. Fortunately, Pramod went for a course correction after that period. Here’s his story. Read more
Usha and Rajan Sanklecha got into a financial plan pretty late in their lives, but it helped them take away an important financial lesson: that it’s never too late to streamline yo ... Read more
Usha and Rajan Sanklecha got into a financial plan pretty late in their lives, but it helped them take away an important financial lesson: that it’s never too late to streamline your finances and it’s important to put your money life in order even when you just have a handful of goals left to achieve. In the process, the Sanlechas also learned that one needs to invest in liquid assets to be able to use them when the need arises, instead of piling everything in an illiquid asset like real estate. We tell you their story. Read more
It’s always a good idea to start investing when you are young. You get adequate time to invest and given the long investing period, the money gets enough time to multiply manifold ... Read more
It’s always a good idea to start investing when you are young. You get adequate time to invest and given the long investing period, the money gets enough time to multiply manifold and help you meet your goals. But it’s important to steer clear of some of the common investing goals. Saloni Mehta, 23, made some of these but her finances were back on track when she hired a financial planner to give her the direction she required. Here’s her story. Read more
Insurance mis-selling is selling insurance policies based on false claims or inadequate disclosures. Watch the video to know how to reduce the chances of mis-selling. Read more
Insurance mis-selling is selling insurance policies based on false claims or inadequate disclosures. Watch the video to know how to reduce the chances of mis-selling. Read more
Unit Linked Insurance Policies (ULIPs) have costs and charges under several heads. It is important that you know what they are BEFORE buying a policy. Some policies will waive some ... Read more
Unit Linked Insurance Policies (ULIPs) have costs and charges under several heads. It is important that you know what they are BEFORE buying a policy. Some policies will waive some charges or refund them after a certain number of years. While a waiver is undoubtedly positive, note that a refund does not take into account inflation. Hear this episode to find out the 5 major heads of ULIP charges. Link to the article by Deepti Bhaskaran: https://bit.ly/2O172n2 Read more
A surrender is a premature termination of a life insurance policy. In return, you get what is known as the surrender value. In a term insurance policy, there is no surrender value. ... Read more
A surrender is a premature termination of a life insurance policy. In return, you get what is known as the surrender value. In a term insurance policy, there is no surrender value. If you terminate the policy your insurance cover stops. Listen to this episode of why not mint money to find out whether or not you should surrender your life insurance. Read more
One question people often grapple with is, how much insurance do you actually need? Life insurance is used to take care of the financial needs of your dependents. An assumption has ... Read more
One question people often grapple with is, how much insurance do you actually need? Life insurance is used to take care of the financial needs of your dependents. An assumption has to be made based on the financial needs of your dependents. Listen to this episode of why not mint money to find out all you need to know about your insurance needs. Read more
You only need life insurance if you have financial dependents. If you are only looking to invest, you should NOT be ‘investing’ in life insurance. Insurance is a poor investment an ... Read more
You only need life insurance if you have financial dependents. If you are only looking to invest, you should NOT be ‘investing’ in life insurance. Insurance is a poor investment and you can get better returns and lower costs in mutual funds. Read more
