As an esteemed member of the medical profession, doctors dedicate their lives to the well-being of the patient’s life. In Spite of this, doctors often find themselves alone while making decisions about their own financial well-being. It is imperative for medical professionals to build a solid financial foundation and secure a healthy financial future. In …
Mastering the Art of Financial Planning For Doctors Read More »
One of the popular kinds of short-term financing is the BNPL (Buy Now, Pay Later) financing. It makes users eligible to repay the loan after having purchased an asset within a stipulated period of time. The payment usually comes with no interest. Also known as, Point of Sale (POS) finances or installments, it is equitably …
The 6X Emergency Rule is a rule of thumb that tells you to save the money from your monthly salary for an emergency fund 6 times your current monthly expenses. This exceptional rule can save you from unforeseen danger or financial loss or family illness. For example, if your monthly expenses are $3500 then you …
There are various strategies existing for investors to guide them on investing in particular mutual funds, stocks or bonds etc., . One of such rules is the “100 minus age rule”, which aims to align asset allocation with an individual’s age and risk preferences. The rationale behind this rule is that as you get older, …
What is the 100 Minus Age Rule – Everything You Need to Know? Read More »
Recently, the government of India in its union budget in February 2023 has introduced various process to encourage people to save money and invest to improve the country’s economy. However, there was one such scheme that was exclusively for women. The Mahila Samman Savings Certificate (MSSC) is a fixed income scheme offered by the Indian …
Mahila Samman Savings Certificate: A Scheme for Financial Empowerment of Women Read More »
Navratri is the festival celebrated for Navdevi, also known as Nav Durga, a Hindu goddess to worship each of her forms. Interestingly, these forms can also be associated with financial planning principles. It is the occasion on which people pray to rekindle a good force that is desperately required following an entire year of hard …
Planning Your Money: The Lessons of this Navratri! Read More »
2023 Guide to Financial Planning for Senior Citizens in India: Invest Smartly and Maximize Your Returns! As India’s population continues to age, financial planning has become an increasingly important aspect of senior citizens’ lives. With rising costs of healthcare, housing, and other expenses, it is crucial for senior citizens to be financially secure to maintain …
Different aspects of financial management can have different purposes. Planning involves setting goals and objectives, identifying resources and strategies needed to achieve those goals, and establishing timelines for completion. Budgeting, on the other hand, is the process of allocating resources and creating a financial plan to achieve those goals, often involving the creation of a …
What is the Difference Between Budgeting and Planning? Read More »
The 30-day savings rule is a personal finance technique that involves putting money aside for 30 days to develop an emergency fund or save for a specific goal. The concept is that by saving a tiny, manageable amount instead of impulsive buying, you can gradually accumulate a considerable savings without feeling overwhelmed by the expense. …
What is the 30 Day Rule? Saving Money, Buying & Selling Stock Read More »
With a fresh market outlook update, our analysts and experts look ahead to 2022’s trends for stocks, bonds, and funds. In spite of the pandemic’s negative effects and other impending uncertainties, deal activity in India reached a record high in 2021 and surpassed pre-COVID levels. However, Several indicators point to a possible global recession in …
