As parents of children you are perhaps always worried about whether or not you are instilling adequate life skills in your child. You want them to grow up to be responsible individuals who are equipped to take care of themselves. One important aspect of teaching life lessons to your children involves teaching them money management from […]
Are you on the right path to achieve your Financial Freedom?
We all work for money. But, does having lot of money make us rich and wealthy? Does it take away the ‘stress’ from your daily life? Financial Freedom is much more than having money. Financial Freedom means you are able to do what you enjoy without worrying about how it might impact your finances. Financial […]
Resignation : Employee Benefits & Personal Finances – Checklist
Quitting a job and moving on to a new one happens with everyone and is very common. About a decade ago, if a person had shifted jobs more than twice in the last five years, he would be considered an unreliable person. Today, this is just not true. The industrial trends show that people stay in jobs […]
RBI’s statistical data on Households Savings & Investments (2015)
Recently the RBI (Reserve Bank of India) released ‘Handbook of Statistics on the Indian Economy-2015.’ This handbook is available to the public and is updated every year. Based on this handbook, I have tried to collate some important / interesting points and trends related to Personal Finances like – Financial Savings of Households, total investments […]
What is Time Value of Money (TVM)?
Each one of us has financial needs and goals. Once the goals are identified, we need to set goal values (targets). This means that we should be in a position to convert the needs / goals into financial terms. To do this, we should be aware of and understand the most important aspect of ‘Financial […]
Retirement Planning in 3 Easy steps
Retirement is one of the most important stages of your life for which you work and should save for. With the break-up of the joint family system in India, increase in longevity (life expectancy) due to advanced medical innovations, shorter work-span and lower job security; ‘Retirement Planning’ assumes greater importance. If you are creating an […]