Goal based investing for millennials
Hold on to that thought for a while.The Deloitte Global Millennial Survey 2020 highlighted some interesting views on the financial status of millennials. Globally, millennials before the pandemic said they were saving or investing almost 40% of their disposable incomes. 3 in 4 millennials say they actively manage and budget their monthly income to track […]
Contingency Fund – Your Umbrella for a Rainy Day
Do you have your GOK fund in place? Wondering what’s that? Well! GOK fund here stands for ‘God Only Knows’ fund and is merely a quirky term for an contingency fund. Some may even call it a ‘Rainy Day fund’; it practically defines the state of an emergency, the arrival of which is pretty much […]
Staying goal oriented – Cut the noise
We, humans, are emotionally driven. While our emotions play a part in defining who we are, they sometimes tend to override our capabilities to make rational decisions. It is humanly impossible to rid oneself of his/her feelings, so the best workaround would be to become conscious of the role our emotions play in our decision-making […]
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. […]
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 […]
This Navratri, Take Control of Your Finances
The festival of Navratri represents the triumph of good over evil. Navratriis divided into three phases, each of three days – the first phase is dedicated to Goddess Mahakali, who destroys all the bad within and also around us, the second phase is dedicated to Goddess Mahalaxmi, who we worship to bring us of wealth and prosperity, and the third […]
Money Lessons from Lord Ganesha
Lord Ganesha is hailed as the symbol of prosperity, knowledge, wisdom and destroyer of obstacles. People seek his blessings in times of happiness and uncertainty alike. Through his many forms, he teaches us valuable lessons. There is a lot to take as inspiration and learn from Lord Ganesh, especially when it comes to managing finances. […]
Financial independence and its underlying connotations
We know that we have to take some drastic steps to achieve financial independence. Though the technical definition is being independent of a regular monthly salary to fulfil our financial needs, the term “financial independence” may have some underlying connotations that you need to know in order to understand what it means to you as […]
What financial independence really means
Independence, by definition, is the ability to live by your own terms and conditions, take your own decisions and control your life the way you want. While there are many factors that can make this happen, financial independence is definitely paramount. What financial independence really means is that you don’t have to solely rely on […]