Many advertisements on financial products are being seen on the television or read on the newspaper and magazines where numbers are tweaked and framed in such a way, that the financial product looks very attractive as we get excited and not-to-miss an opportunity! We are flawed to see the advertisements and nothing seems wrong to […]
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Category: Personal Finance
Spend Time while buying financial products!
We tend to ask colleagues for a reference to persons who could provide us the financial product that we want to invest in. We also are chased by individuals who would specialise in selling a particular product. It could have insurance, tax planning products, mutual funds etc. In most events there is significant mis-match between […]
Onus of Investor
Do you know that majority of the problems in your financial life are purely because of psychological reasons? We are all humans being and are prone to think irrationally at times, due to which, a lot of many wrong decisions are taken in our personal finance. Behavioral Finance is the area of finance that combines […]
Educate your Spouse and Children about your Financial Life!
Typical Scenario Imagine someone like you, who have a job or engaged in business to support your family. Now think for a minute about the following questions: •Who has all the information and knowledge related to your financial life? •Where are your insurance policies and health cards kept? •Who knows about the FDs and other […]
How to Manage Windfall Gains!
Lot of unexpected money comes in our life at times. It can be in the form of performance Bonus from your company, or loan money repayment received from an old friend who didn’t give back to you and you also forgot about it. Another example can be the money you get from huge tax refunds, […]
Are you victim of procrastination?
Most of the people don’t find the time for their personal finance. Surprisingly, I have seen those people who are worked in our Finance and Accounts department; even they are not serious about it as they believe they don’t have time, it is real for them. They have plenty of valid reasons to prove that […]
Careless spending is like a cancer!
In recent times, we have been spending like there’s no tomorrow. There are enough reasons these days to convince yourself that “I can afford it”. Now we have started spending like never before. Most people do not save anything at the end of the month. They feel as if their life takes away all the […]
Busting Your Myths about Investing!
We have always been taught that debt products like FDs, insurance plans, PPF accounts, NSCs, bonds, recurring deposits etc., are very safe and there is no risk in these products. When we think about “safety”, we only think about assured returns and security of capital. But tell me let you that your thought of “safety” […]