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Showing posts from October, 2016

Embrace Gold Bonds this Diwali

Deepawali, the festival of lights is one of the most celebrated festivals in India. This festival embarks the victory of good over evil, hope over despair and knowledge over ignorance. It is celebrated to mark the return of Lord Ram to Ayodhya after 14 years of exile and his victory over Raavana. It is said that Lord Ram reached Ayodhya during Amavasya (night), and people of Ayodhya lit hundreds and thousands of earthen lamps to show him the way to palace. Till date this tradition has continued. Diwali pooja without Lakshmi Pooja is rendered incomplete. People tend to buy gold/silver coins or jewelry during Diwali since it is considered auspicious. In fact it is deemed as good as inviting Shree Lakshmi herself to one’s home. Even if we talk in terms of Personal Finance, Gold adds on to diversification of one’s portfolio and is also a good hedging tool. Though, its participation in one’s portfolio should not be more than 10-15%. In current times, handling physical gold has become mor…

How to manage Pay Hike?

Source: Image courtesy of rediff.com

Pay Hike – This word does wonders to one’s mind set, it motivates you, makes you feel happy, and most importantly it makes you think of what all you are going to do with the extra money that you will get. You can plan this money for buying something you have been thinking of from a long time, you can use it for travelling to your dream destination, you can save it for your rainy days, you can add it to your retirement corpus, or you can just let it stay in your bank account. Every Coin has two sides; similarly hike in the salary can also be either good or bad depending on the choice you make in its utilization. The feeling of affording things you didn’t have before, sometimes leads to bad financial habits. If you want this salary hike to be useful to you, then you have to make the right choices. Don’t jump in immediately for buying all the pending things you have been planning to buy. Let this take some time to settle in, and then you can plan how …

How to manage: From Double Income to Single

Image courtesy of stockimages at FreeDigitalPhotos.net

Aditi and Ashok got married in 2013, both were managing their personal and professional lives really well until they became parents in 2015. Initially everything was under control during Aditi’s 6 months maternity leave, after that Aditi had to join back. Their parents also failed to support them for long as they were staying in other city and were not willing to relocate.  Aditi tried everything from a day-care to full-time nanny, but nothing worked as per her expectations. She was always worried about her little one. It began impacting her health also. It was then that the couple decided it is time for one of them to call quits. Now, the next question was how will they survive on a single income with the same lifestyle? There are many couples who face the same problem, and the answer is – yes, it is possible to survive on single income, if you set your priorities right.
1.Check if you are ready:  Make a note of your monthly inflo…