I have heard many a householder lament that by end of the month they do not know where their money has gone, and they are left with no savings and worse, waiting for the next salary credit. Do you fall in this category? This can happen if you do not keep household accounts. But while… Continue Reading
At the outset, let me hasten to clarify that this article is not about renting vs buying a property. This article is purely an analysis on investing in real estate, its plus and minus points. i.e., treating direct investment in real estate as one of the avenues for deploying your surpluses for good returns and… Continue Reading
Insurance is said to be the subject matter of solicitation. The insurance agent gets a commission for selling a policy. Some agents undertake to pay certain number of premiums out of their commission as an incentive for you to buy and also to incentivise to keep the policy alive. Insurance contract requires an offer, an… Continue Reading
Reducing your household expenses will result in higher savings, which if invested wisely can provide you a nest egg for unforeseen expenses, children’s education and old age. The saying, “A penny saved is a penny earned” is so true! To plug those avoidable expenses, you need to list out all the expenses during the month… Continue Reading
Having selected the property to buy, and after checking out the budgeting, it is time to start the process of buying the apartment in right earnest. Choosing a lender and home loan You need to book the apartment selected by paying the booking amount demanded by the seller. Booking amount may vary from 5% to… Continue Reading
Buying a property is not like buying onions and potatoes. Firstly, the financial outgo is huge and may be a lifetime investment for many. Secondly, all properties are not the same. All apartments in a complex with same dimensions are also not the same! Your selection of a particular apartment in the same complex has… Continue Reading
Once you have become a proud owner of an apartment, it requires to be furnished and maintained properly so that you continue to enjoy your investment. In the context of increasing cost of materials and labor, this requires a pretty large outlay of funds. Banks provide home improvement loans for renovation, buying new furniture and… Continue Reading
When an Indian national is going abroad for whatever purpose – job-related, business or simply to explore the world – he/she has a number of choices as to how it is proposed to carry foreign exchange for expenses abroad. It can be in the form of foreign currency notes, foreign currency travellers cheques, foreign demand… Continue Reading
The Indian economy expanded by 4.7% in the year 2013-2014, registering a second consecutive year of sub 5% growth. Between 2012-’13 and 2013-’14 the main driver of the economy were the farm, financial services, and the real estate sectors. The manufacturing sector continued to languish. After lifting the GDP by an average of 1.6 percentage… Continue Reading
Liquidity is an important aspect of any investment strategy. You may have lot of investments in a basket of assets, but how liquid is the asset allocation in an emergency is a very important aspect. This is basically a judgmental call because every individual has his/her own priorities. As a thumb rule more liquid an… Continue Reading