How to Control Your Credit Card Expenses?

Have you come across a friend or a colleague who cannot keep a check on monthly credit card expenses and struggles to come to terms with the size of the card bill? Vows to keep expenses under check from next month, but the story keeps repeating. I am sure you have. You wonder why. They… Continue Reading

Should You Get an Add-on Credit Card for Your Family?

Your daughter studies in a different city. You transfer money to her bank account every month for her regular expenses. Or whenever she asks for it. UPI payments are accepted everywhere, and she has no problems getting by. She conveniently makes payments from her favorite UPI app for her purchases. Now, imagine she needs Rs… Continue Reading

Ring in the New Year with These 5 Financial Resolutions

For many of us, a new year starts with resolutions. And these resolutions can encompass a wide range of areas such as physical health, financial wealth, personal spirituality, and relationships. What are your resolutions for the new year? Well, you don’t have to tell us but make a concerted effort to see them through to… Continue Reading

How to Plan for a Big-Ticket Purchase?

The keyword here is “plan”. We don’t focus on instances when your big purchases are forced, say your mobile phone or laptop conks off suddenly. Or your bike or car is suddenly showing problems and the cost of repair is too high and not justified. There is not much you can do about such instances.… Continue Reading

Tax Benefits on a Car Loan

You get tax-benefits on repayment of many types of loans. For home loans, we get tax benefit principal repayment under Section 80C and for interest payment under Section 24. If you have taken an education loan, you get tax benefit for interest payment under Section 80E of the Income Tax Act. Do you get any… Continue Reading

Move over BNPL, Here Comes SNBL (Save Now, Buy Later)

We plan for regular monthly expenses. We call it budgeting. We plan for long term goals through a diversified asset allocation portfolio. However, we tend NOT to plan properly for non-monthly but periodic expenses. Common examples are: Insurance premiums Travel and Vacations Birthdays and Anniversaries Vehicle maintenance Gadget purchases Annual Subscriptions We know that these… Continue Reading

Pros and Cons of an Add-on Credit Card

You own a credit card and use the card judiciously. You are aware of the benefits and flexibility that a credit card offers. You want that your home-maker spouse and your college going kids should also enjoy such flexibility. However, it is not easy to get a credit card unless you are earning. How do… Continue Reading