Money resolution tips for 2023
We all make resolutions at the beginning of the year, but they typically end up being forgotten by the time February rolls around. One reason for this is that we frequently set goals that are too ambitious to accomplish. This is especially true when it comes to financial goals and our expectations versus actions, versus […]
How do you manage inflation in personal finance?
Let this headline sink in. Retail inflation in the nation, as determined by the Consumer Price Index (CPI), decreased from 6.77 percent in October to 5.88 percent, an 11-month low. Inflation in the food basket, as measured by the Consumer Food Price Index (CFPI), decreased month over month from 7.01% in October to 4.67% in […]
Monthly Average Balance in Savings Account: What, How, and Why
Let this headline sink in. According to information obtained through an RTI filed in 2017, SBI had received Rs235 crore in fines from 3.89 crore normal savings accounts for failing to maintain a monthly average balance. This is from a PSU which has a far lower minimum balance requirement in comparison to most private sector […]
Which vehicle-a Mercedes or a SIP-would you pick?
If you haven’t been living under a rock, you’ve probably heard about the current trending debate on SIPs being the luxury automaker’s main rival in India. The argument is pertinent in the Indian context because there is a much greater emphasis on saving than there is in the west. There aren’t any reliable state-run benefit […]