Are Your Finances Under Stress?
If yes, how will you know about it before you run out of time? Similar to economic indicators of a country that can tell if economy is doing well or not, you can draw up these four financial statements to know about your finances. a) Income & Expenses Statement b) Cash Flow Statement c) Family [...]
A ‘Sinking Fund’ for you
Congratulations for the purchase of a spanking new model diesel car that has set you back by few lakh rupees. I know that you like to take long rides and at the same time reduce the cost of fuel so diesel car is an ideal choice. While you are enjoying the drives, please bear in [...]
Do You Have A Spending Policy?
Your life is bound by innumerable policies. Starting with insurance policies, you come across policies for everything in your life: There is parking policy, ATM withdrawal policy, Lost Card policy, HR Policy, Travel Policy, Reimbursement Policy, BCRP, Staff Purchase Policy, ESOP, ESPP… Except your spending policy. What is your spending policy? Is it ‘need based’ [...]
Can You Be Your Own Banker?
How difficult or how easy it is for you to put a strong foundation to your financial future? If you ask me, it is fairly simple and easy – and hence mostly ignored. Can you become your own banker? Yes, it is possible. Let us analyse the reason why you wish to avail easy credits [...]
Pay For Yourself Instead Of Paying To Credit Card Company!
One day, I received a call on my cell phone (unsolicited) and a sweet talking voice announced that it’s a call from Xyz Bank and that I am the lucky one selected from their database being eligible to receive a free life time credit card with a credit limit of 1 Lakh Rupees. Sweet talking voice also informed that I [...]
