Navigating the maze of personal finance
No matter what stage of life you are in, it is always a good idea to have term insurance. It is one of the most affordable and comprehensive types of insurance available, and it can provide peace of mind in knowing that you and your loved ones are financially protected in the event of your … Read more
What is CIBIL score? Your CIBIL score is a number that represents your creditworthiness. It ranges from 300 to 900, and the higher your score, the more likely you are to be approved for a loan or credit card. The score is calculated using information from your credit report, including your payment history, outstanding debts, … Read more
Your net worth is one of the most important numbers in your financial life. It’s a snapshot of your assets and liabilities at a given point in time, and it can tell you a lot about your financial health. That’s why it’s so important to calculate your net worth regularly. By tracking your net worth … Read more
Below is the detailed National Pension Scheme (NPS) Performance for January 2022. Data is from NPS Trust website and dated 07.Jan.2022. Hope you enjoyed this article. For more articles please visit my blog: https://rahulsblog.com
According to media reports the I-T department recently discovered a scam where companies deducted TDS (tax deducted at source) from its employees but did not deposit it with the government. So what is TDS and how can you check if the TDS deducted by your employer is actually going to the government? You need to … Read more
So you have decided to buy a new car. It fits in your budget and you have the required money to buy it without loan. But you still have the question – Should I take a loan for purchasing my car? Should I pay the full amount upfront? I will try and help you answer … Read more
As I mentioned in a previous blog, the Reserve Bank of India (RBI) has mandated that that effective January 1, 2017, all Credit Information Companies (CICs) shall provide access, upon request and after due authentication of the requester, to a free full credit report (FFCR) once in a calendar year to individuals whose credit history … Read more
Diwali is around the corner. It’s a time of celebration. At the same time it can be a big drain on your finances if not planned properly. Here are a few tips and tricks to save money during your Diwali shopping. Use credit cards. As I have mentioned time and again, spending using credit cards … Read more
I was reading an article in mint about the spending habits of Indians. It talked about why Indians find it hard to spend their money. I believe that culture has a big role to play in this behavior. We are known as savvy savers and one who would squeeze the worth out of every penny. … Read more
My dear readers You must be wondering that till now I have mainly talked about insurance and products with fixed returns while maintaining a silence on mutual funds and stocks. I would like to justify my stand. I am not a financial advisor but a person who shares his experience with readers. All my blogs … Read more