How much should you pay on your credit cards?
Finance

How much should you pay on your credit cards?

India is one of the largest users of credit cards, with a user base of over 71.7 Million, as of March 2022. According to a recent RBI report, an Indian credit card user, on average, spends around Rs. 14,500 using the credit card monthly. This massive adoption of credit cards among people can be attributed to the various benefits of credit cards, notably how they have eased the buying process and their advantageous pay-back period.

Continue Reading about 22 days ago
Sri Lanka
Finance

Sri Lanka's Economic Crisis and How it all began?

Our neighbour is bleeding. Poor governance, corruption and a lot of foreign debt. The story of Sri Lanka is heart wrenching, unsettling and disruptive. Sri Lanka’s annual inflation was at 18.5% in March 2022.  What is the country’s condition today, and how did it reach such a diminutive state? We shall find out today.  As distressing as the below facts are going to be, this is the truth of a country that has fallen into a debt trap, or should we say debt-trap diplomacy (if you know what I mean!)? And now, it is the people who suffer. While you read this from the comfort of your air-conditioned room, people in Sri Lanka stand in queues that extend 2-3 km long for food and fuel. 

Continue Reading about 2 months ago
What is debt trap and how to escape it?
Finance

What is debt trap and how to escape it?

Ah! This is a painful subject to talk about, for those who have suffered through this, know of its real expense on one’s financial resources. The day that my first credit card arrived at my doorstep, I was ecstatic. The limit was ₹1,00,000, and my monthly expenses would be covered in a fraction of this amount. I had A LOT of money to finally buy things I never could and so I went on a shopping spree. I just kept paying the minimum amount due (MAD).  This continued for a few months, and the interest kept accruing. I did not pay much heed to that, and little did I know how much would the amount add up to after interests. 

Continue Reading about 2 months ago
Factors to consider while taking a Home Loan
Finance

Factors to consider while taking a Home Loan

For a generation striving for an independent lifestyle, a house of one’s own is the biggest achievement. We’d like to give a big “BOOO!” to the rapidly rising real estate rates, though, because it’s the biggest obstacle in the race to success. 

Continue Reading about 3 months ago
What are Overnight Funds?
Mutual fund

What are Overnight Funds?

What if we said you could have a low-risk and less volatile debt mutual fund that could be converted into cash within a day or so? Liquid funds, you ask? No No, even more liquid than liquid funds are these Overnight Funds!

Continue Reading about 9 months ago
Best Tax Free Bonds to Invest in India
Invest

Best Tax Free Bonds to Invest in India

What if we said you could have humble returns, liquidity, and zero taxability in a single instrument? That too, at a very low risk. Yes? Well, this blog is a must-read for you!

Continue Reading about 9 months ago
How to Invest in Government Bonds?
Stock Market Concepts

How to Invest in Government Bonds?

Stock market entices pretty much every individual on this planet, and why shouldn’t it? After all, it offers far better returns than any other investment avenue in the regulated markets. However, not many people have a heart of steel to deal with the vigorous palpitations that it sets out due to fluctuations in share prices. So, is there any other option that we can tap on?

Continue Reading about 10 months ago
What is a Buy Now Pay Later facility?
Invest

What is a Buy Now Pay Later facility?

Gone are the days when good financial planning meant ‘no debt’. In this age, borrowing has become an inevitable part of one's life. There could be various necessities for which an individual would want to borrow funds for the long term or short term.

Continue Reading about 10 months ago
Everything you need to know about Junk Bonds
Invest

Everything you need to know about Junk Bonds

“One man’s junk is another man’s treasure.” Hola, people! I hope you all are doing great. It’s highly likely that your first thought on hearing junk would have been something that doesn’t add value. But what if we told you that sometimes even junk is somewhat valuable? Weird, right? Well, it won’t be after you go through this piece in which we will be discussing everything about junk bonds.

Continue Reading about 10 months ago
Top 5 Debt Free Companies in India
Invest

Top 5 Debt Free Companies in India

“Instead of focusing on where you can make 500% in the next 6 months, invert that and find situations where you can’t lose over the next few years. The latter is often where you will find the next multi-bagger.”

Continue Reading about 11 months ago
How to check Credit Score & how to get loans with low Credit Score?
Finance

How to check Credit Score & how to get loans with low Credit Score?

“Isn't it sad that we have to gain control of the artificial numbers placed upon us by others to regain some control of our lives?”

Continue Reading about 11 months ago
What is Overdraft Facility in Banks?
Finance

What is Overdraft Facility in Banks?

What if the ATM kept raining cash? What if you could withdraw more than you have in the bank? As cool as it sounds, it’s not impossible. And they name it - ‘Overdraft’.

Continue Reading about 1 years ago
The Actual Cost of No-cost EMIs
Finance

The Actual Cost of No-cost EMIs

“There are no free lunches in the market” The quote says it all! Doesn't it feel odd when we see the phrase "NO COST EMI"? Is something like this really possible? Why would someone distribute free money in the market like this? Eh? take a deep breath because soon you are going to find out the hidden truth. Let us dig deeper into this topic.

Continue Reading about 1 years ago
Everything about Subprime Home Loan Crisis
Economy

Everything about Subprime Home Loan Crisis

Subprime loan crisis Loans have proved to be the critical aspect of any economy. It acts as a bridge leading to the unreachable needs and impossible dreams. The doors of the bank would be the first thing we would be knocking once we run out of options. Whether you wanted to buy a new home or finance your educational goals or any of your need for that matter. But one cannot ignore the fact that the same loan has laid the road to recession in the past. 

Continue Reading about 2 years ago
What is the 100 Minus Age Investment Allocation Rule?
Invest

What is the 100 Minus Age Investment Allocation Rule?

We all must be aware that diversification across Equity and Debt is the key to a successful investment. Do you ever wonder as to how can you decide the proportion of your investment in debt and equity?

Continue Reading about 2 years ago
What is Debt to Equity Ratio?
Invest

What is Debt to Equity Ratio?

It is imperative and a task of paramount importance for an investor to examine the financial performance of a company from every angle before investing a single penny in that company. The true worth of the company can be detected by analyzing its financial ratios.

Continue Reading about 2 years ago