That’s a question many of us grapple with. Do we own too many credit cards? Should we cancel some of the cards? If yes, which cards to cancel? What about the discounts or cashbacks you might miss out on? Or should we just keep the cards even if we don’t use them? What are potential… Continue Reading
It is a new year. A chance to look back at how the past year went by. Achievements, setbacks, things that went right and what could have been. And an opportunity to welcome the new year. Make new resolutions and set out to achieve with loads of optimism. We will leave your life resolutions to… Continue Reading
Yes, that’s possible and it is all mathematics. In this post, let’s understand how this can happen. Before we go there, let’s do a quick recap of how No-cost EMIs work. How No-Cost EMIs Work You purchase an item worth Rs X. You opt for the No-cost EMI option (let’s say 6 months) on the… Continue Reading
Use a credit card to help you with your budgeting. Well, this does not look like the best idea in the world and for a reason. We usually associate credit card with extravagance and splurging. How can such a product be part of the budgeting solution? It can be, if used the right way. Why?… Continue Reading
Want to take out a home loan? What should be the loan tenure? 15 years, 20 years, or 25 years. Similarly, what loan tenure would you choose for your personal loan? 18 months, 36 months, or 60 months? OR What is the ideal tenure for a car loan? As always with personal finance, there is… Continue Reading
Asset ownership is one of the ways of women empowerment. Thus, the Government tries to incentivise women house ownership. In this post, let’s look at 3 benefits available to women home buyers in India. #1 Banks Offer Lower Interest Rates to Women The lenders usually offer lower interest rates to women borrowers. For instance, State… Continue Reading
Given the loan amount, interest rate and home loan tenure, how many of us can calculate the quantum of EMI? I bet not many can. And most of those who can require spreadsheet software to calculate. We have written about how reducing balance home loans work. The post explains about the workings of EMI calculations.… Continue Reading
The festive season is here. And it is raining discounts and offers. With the competition in the online space heating up, sales and discounts are now a year-round phenomenon. However, the little I have observed, the e-tailers get more generous during the festive season (from the start of Navratri until the end of the year).… Continue Reading
Do you struggle to control your expenses? Do you feel your long-term goals are getting compromised because of your inability to limit spending? If yes, this is a serious problem. When you spend irresponsibly, you are borrowing from your future. If you spend too much now, you won’t have much to spend in the future.… Continue Reading
You have Rs 4 lacs in your bank account. You have 3 loans running and a bit of credit card debt. Home loan of Rs 20 lacs (Remaining Tenure: 17 years, Rate: 8% p.a., EMI: Rs 18,000) Personal loan of 5 lacs (Remaining Tenure: 3 years, Rate: 13% p.a., EMI: Rs 17,000) Personal Loan: Rs… Continue Reading