Loan interest rates have been going down over the past 18 months. It is also evident in the examples that we use for various illustrations in our posts. Earlier, we used 9-10% p.a. for long term loans. Now, we use 7-8% p.a. in the illustrations. If you use Amazon or Flipkart, you would have noticed… Continue Reading
I am a bit paranoid about using credit cards online. Therefore, I prefer to use wallets (such as PayTM) or UPI on new sites or the sites I do not trust much. A problem with this approach is that you cannot use wallets or UPI on international websites. In addition, there are a few minor… Continue Reading
It is a new year. And A new year brings new resolutions. Let us look at some of the credit resolutions for 2021 you can consider. # 1 Reduce Debt This applies to those who are currently struggling with credit burden. There are only two ways to reduce credit burden. Reduce the quantum of debt (Possible… Continue Reading
I spoke to a client a few days ago. She told me that she ended up spending over 5 lacs in the recent Diwali season towards all kinds of purchases including gifts. A few insurance premium payments also came due in the month of November. While she had an idea that she will run a… Continue Reading
Many of us are worried about fraudulent transactions on our credit card or debit cards. And why not? We keep hearing or reading about new and innovative ways of perpetrating card and UPI frauds on unsuspecting account holders. While the fraudsters are usually a step ahead of us and the regulations, a little bit of… Continue Reading
If you shop regularly from Flipkart or Amazon website/apps, you must already be aware of the instant discount and No-cost EMI offers. These e-tailers run such promotions regularly to attract buyers. In case of an instant discount, if you use a specific credit card or debit card for payment, you get an upfront discount. Suppose… Continue Reading
UPI transactions have boomed over the last couple of years and are giving serious competition to credit/debit cards and net banking in online transactions. The only problem is that you cannot make UPI payments on credit. i.e., the money gets debited from your savings bank account. You must have the money in our bank account… Continue Reading
You plan to buy an expensive phone from Flipkart or Amazon. You do not have the free cash to buy the phone outright or settle the credit card dues in a month’s time. What can you do? You can buy the phone on EMIs. You have two options. You take the EMI offer available on… Continue Reading
Old wine in a new bottle. That’s what I would call the new overdraft (OD) facility from ICICI Bank — ICICI Bank Insta FlexiCash facility. In this post, let’s find out about ICICI Insta FlexiCash facility in detail. Additionally, let’s see if there is merit in owning an OD facility. ICICI Bank Insta FlexiCash Overdraft… Continue Reading
House rent is one of the biggest non-discretionary expense in the monthly budget. How do you pay house rent? NEFT/IMPS transfer? Cheque? Cash? I believe, if you are reading this article, you are likely transferring rent directly to the owner’s bank account. Or you already own a house and there is no need to pay rent.… Continue Reading