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
All of us are worried about any fraudulent activity on our credit cards. Obviously, nobody wants to pay for what they have not spent. While there is need to exercise caution, there is no need for paranoia about credit card transactions. The credit cards come with various security measures. Additionally, the Reserve Bank of India… Continue Reading
Your net take-home pay is Rs 1 lac. Your expenses range from 50-60K per month. You invest Rs 40,000 per month diligently. You have automated your investments through SIPs, recurring deposits and setting up auto-debit. You want to purchase a laptop costing around 45,000. What are your options? Break/redeem your existing investments and pay for… Continue Reading
CRED, a fintech player that simplifies credit card bill payments, has launched a product CRED Mint, where CRED members can earn up to 9% per annum. This is how it works. You invest your money in Cred Mint. The product is powered by LiquiLoans, a P2P-NBFC player regulated by the Reserve bank of India. Your… Continue Reading
A good debt is used for purchase of productive or appreciating assets or useful services. Thus, a home loan, an education loan or a business loan can be considered good debt. A housing loan gets you ownership of the house while an education loan or a business loan can improve your employment and income prospects.… Continue Reading
Higher education is getting expensive and many of us need to take an education loan to fund higher education for children. Fortunately, all the banks offer education loan products. And, given the product nature, there are a few peculiarities about education loans. Since the student won’t earn while studying (or earn enough), education loans have… Continue Reading
US Payment company Square recently acquired AfterPay, an Australian Buy Now Pay Later fintech firm, at an astonishing valuation of USD 29 billion. That is massive. By the way, Buy Now Pay Later (BNPL) facility is getting popular in India too and e-tailers such as Amazon and Flipkart offer Buy Now Pay Later (BNPL) schemes… Continue Reading
Not all credit is bad. In this post, I will show how an overdraft facility can be useful in certain cases. What Is an Overdraft Facility? An overdraft facility is a revolving credit facility just like a credit card. You pay interest only on the drawn (utilized) amount. You can draw from the facility up… Continue Reading