8 Dec 2014

What Counts As Savings?

A personal finance blog talks about saving and being frugal all the time. Are savings and investments the same thing? Is buying an LIC policy saving? Are fixed deposits considered savings? If you wanted to buy a gadget and bought the older generation to pay less, is that a form of saving?

I will answer all the above questions.

12 Nov 2014

Should You Replace The Screen Of Your Smart Phone?

We all love our smart phones, don't we? It is almost a permanent fixture in most hands. We have to check messages, constantly chat with old friends and keep checking emails. So what happens when the screen of this beloved gets cracked? The crack hurts our hearts and we feel "heartbroken" for a while. But; is it worth replacing the screen?

2 Nov 2014

I Paid Off My Credit Card!

This article is dedicated to a friend who recently paid off his credit card. Let us say his name is John.  We are really proud of John!

John had over Rs.40,000 accumulated as credit card debt.

21 Oct 2014

Shopping Spree...?

Today is the day that everybody wants to shop.. Today is Dhanteras, the day where Goddess Lakshmi is worshipped.

Confession -

9 Oct 2014

Should I Record My Expenses?

YES! Please record your expenses. Why should you record your expenses? Here is the answer.

29 Sep 2014

What Percentage of My Income Should I Save?

Let us rephrase that question. What is the percentage of income that you should NOT be spending? 10%,  20%, 30% .....can it go as high as 50%?

17 Sep 2014

Mutual Funds Part 7/7 - Fixed Maturity Plan

What is a Fixed Maturity Plan? (FMP)
It is a fund where money is locked in for a period of time. Exiting it is next to impossible. It has given "fixed deposit like" returns in the past.

27 Aug 2014

Mutual Funds Part 6/7 - Gold Funds

If you believe in investing in gold, mutual funds offer gold funds. The value of these funds increases and decreases with the value of gold.

The funds are taxed like debt funds. Remember the taxation changed with budget 2014.

I have written all about it here

18 Aug 2014

Mutual Funds Part 5/7 - Taxation on Mutual Funds

After doing a few articles on mutual funds (Part 1Part 2Part 3, Part 4) the series would be incomplete if I did not discuss taxation on funds.

Taxation on Equity Funds

11 Aug 2014

Mutual Funds Part 4/7 - How Do I Choose A Fund

How does one choose a mutual fund? It involves looking at a lot of things. In the beginning it might seem like a wave of information, but over a period of time it becomes second nature.

First and foremost, any fund one chooses should be in line with your financial goals. If investing for the long term (at least 5 years; the longer, the better), choose an equity fund. If your goal is short term investing, choose a debt fund. Either way make sure that you take into account the taxation details. Also decide whether you want the dividend or growth option. Choose dividend, only if you need regular income. Ideally, choose a growth oriented fund.

Here is what I look at before making a decision about investing in a fund: