Money Management

Click to Enlarge Raising kids from the millennial generation was so much easier than it is now. In this highly networked world today, the choices are infinite for Generation Z kids. The parental pressure is hence immense in giving the child the best of everything. The cost of raising kids today has also gone up. And not only due to inflation, but also because of the societal and parental shift in the way kids are being raised today. This has led to new age parental expenses. Here are expenses which today’s parents feel the need to shell out: 1. External [...]

Click to Enlarge You have a fair idea about your monthly expenses and must have a budget for it. But what about your annual recurring expenses? How far ahead do you plan for it? Or do you just routinely pay for it from past salary earnings which pile up in savings account over a period of time? Some of the typical recurring expenses are:  Vacation expense (short trips once or twice a year) School/College fees of children  Membership fees (Gym, Club, professional network)  Insurance premiums Festival expenses (travel, party, gifts) Annual health check-up Maintenance (incl. vehicle, electronic items like washing [...]

Diwali, the festival of lights, is considered as the prime shopping season in India. The online shopping mania with profusion of choices and the hefty discounts offered by e-commerce giants have gripped the average Indian. The festive sale offers of Flipkart, Amazon have already started. But do you actually save money on them? It is possible that you may end up buying a product at a higher price. Also, chances are that you will buy a product not required, but have still bought it because there was a discount available or it looked interesting. Here are a few tips to […]

Budgeting is not about micro managing every dime that you spend. (Unless you are like the miserly Uncle Scrooge). It is more about generally being aware of how you spend your money and where it is going every month. Usually, what happens in most households is after the payday, the money is first spent in paying the bills, emis, household expenses, etc. The balance money is not utilised in a planned manner. It is being used on weekends by paying through debit/credit cards when people go out to shop, dine, watch movie. Some of it may go towards investment when […]

With the ongoing festive season, the online Diwali sale offers are being frequently promoted by big e-commerce giants like Flipkart, Amazon and Snapdeal. As per media reports, the festive season of Diwali accounts for a significant 30-40 per cent of the sales of online retailers. As per Live Mint, Flipkart which announced its Big Billion Day sale from 2-6 October raked in sales of about Rs.3,000 crore. That is huge. This reflects how the online shopping mania has gripped the average Indian. Not just apparel, furnishing, footwear, jewellery but Indians today are also comfortable buying LED sets, furniture, refrigerators, etc., […]