Benefits of being financially free
We associate financial independence with not relying on monthly salary and living paycheck to paycheck. But along with financial benefits there are also other perks that people might sometimes overlook. Along with being financially free, you also become emotionally free devoid of constant worry about money. Here are some benefits that being financially free brings […]
Active vs Passive Investment
Savings and investments are a must for everyone. As inflation leads to price rise of essential commodities, your balance should also be in line with the increased expenses to maintain headroom for making financial provisions. Therefore, savings are not enough and investments have become necessary. With investing you have the option to either be an […]
Is the millennial generation financially savvy?
The term “millennial” is used to define an individual born between the years 1981 and 1996, according to Pew Research. This generation makes up 46% of the country’s workforce and contributes 70% of the national household income, making them a key factor in spurring economic growth. Handling Finances The trend among the millennial generation is […]
Tax Saving with Gifts
India is a country predominantly recognized for its cultural diversity, customs, and religions. It is a commonplace to find close knitted families that celebrate numerous occasions wherein gifts are exchanged as a symbol of love and affection. At times, gifting can also become a legalized part of your tax planning to reduce tax liability significantly. […]
Priceless Money lessons
Our life is the ultimate outcome of choices and decisions we make. We all learn making better decision with experience. As a parent we want our kids to learn from our experience so they don’t make the same mistake as we did. We all want to give everything best to our kid’s best education, luxurious […]
Tax Saving with Loans
Indian Income Tax Act allows for tax deductions and exemptions on interest and principal repayment of certain loans. These tax benefits are a definite motivator to individuals as it helps reduce the outflow of funds which may rather be associated to one’s financial goals. The following are some of the provisions that offer a sigh […]
Tax saving investments under section 80C
Tax saving investments under section 80C plays an important role in your financial well being. Both individuals and HUFs are eligible to claim deductions under section 80C of an aggregate capped 1.50 lakhs per year. Tax saving investments under section 80C has enough water capacity to behave like carbohydrates to ensure hydration and add nutritional […]
Savings vs Investments
At the end of every calendar year, most of us have a similar new year’s resolution – prioritizing our health. While some choose to diet, follow health tips from celebrity nutritionists, I was simply lured in by the heavy discount offered by a gym in my vicinity. Although I was very excited to start my […]
P2P Lending
While we know a lot about lending, P2P lending is fairly a new concept for us which got a little attention quite recently when RBI notified, that peer-to-peer lenders (P2P) companies will be treated as non-banking financial companies (NBFCs). What is P2P Lending To put simply Peer-to-peer lending is a new method of debt financing: […]