When it comes to personal finance, two distinct mindsets shape how we make financial decisions: the ‘CashFlow Committed’ mindset and the ‘NetWorth Committed’ mindset. These mindsets play a vital role in determining our financial freedom and how we navigate challenges. Today, we'll delve into these concepts and explore how a halt in future cash [...]
Personal finance has long been considered a male-dominated field, but Indian women are breaking through that stereotype and taking control of their financial futures. In a post-pandemic world, a survey by Grow found that approximately 60% of women in the 18 to 25 age group make independent investment decisions. This is a significant shift from [...]
As we celebrate the 74th anniversary of India's Republic Day, it's important to reflect on not just the progress and accomplishments of our nation but also on our personal life journey’s so far. Just like our country makes a gradual transition to a modern state, it's important to work on transitions in our personal [...]
Recent data on health insurance in India shows that asset sales or loans finance 47% of rural and 31% of urban India's hospitalization costs. A health insurance plan or health scheme covers at least one member of 41% of Indian households, according to the National Family Health Survey-5 (NFHS-5). These statistics highlight the importance [...]
We all make resolutions at the beginning of the year, but they typically end up being forgotten by the time February rolls around. One reason for this is that we frequently set goals that are too ambitious to accomplish. This is especially true when it comes to financial goals and our expectations versus actions, versus [...]
Let this headline sink in. Retail inflation in the nation, as determined by the Consumer Price Index (CPI), decreased from 6.77 percent in October to 5.88 percent, an 11-month low. Inflation in the food basket, as measured by the Consumer Food Price Index (CFPI), decreased month over month from 7.01% in October to 4.67% [...]
Let this headline sink in. According to information obtained through an RTI filed in 2017, SBI had received Rs235 crore in fines from 3.89 crore normal savings accounts for failing to maintain a monthly average balance. This is from a PSU which has a far lower minimum balance requirement in comparison to most private [...]
Imagine a world free of debt. Even the mere idea of being debt-free can be so liberating. Debt is not only a burden financially; it can also be mentally taxing to know that you have to repay a loan for many years to come. According to SBI research, India's household debt increased significantly, from [...]
It's never too early to start teaching your kids about money, even when they're tiny. The financial lessons they learn as children will serve as the foundation for the habits they develop as they get older. We'll demonstrate how to give your children the financial head start they deserve and prepare them to succeed financially [...]
A wealth of information is available to you to get you started when it comes to saving and investing. Many will share the nuances of first getting started with creating an emergency fund, investing in insurance, creating SIPs for consistency in investing, and so on. While these general guidelines do exist and form the [...]
