In a finance blog there cannot be a better Red Flag, right? Hey why do I assume that you are a bull? OK. Let me tell you a story. A young man about 27 years of age decides that he needs about Rs. 5 crores of life insurance. He is just providing for his parents […]
A few days ago I did a post saying ‘Financial Peer Pressure’ – here is the link…http://www.subramoney.com/2014/04/financial-peer-pressure/ Largely people who get into financial trouble – at whatever level – is their inability to live within their own budget and have their own goals. Now if my goal is to make a trip to Australia and […]
this article on budgeting appeared in www.moneycontrol.com long back. INCOME: Rs 100, expenses Rs 99, life is fine. Income: Rs 99, expenses Rs 100, life is in despair. (Due apologies to Charles Dickens!) There used to be a time when it was advisable to have regular health checkups when you 45. Now, it’s closer to […]
I HAVE BEEN TOLD TO SAY…THIS IS A HYPOTHETICAL EXAMPLE – ANY resemblance of this to the real world should not happen.. Viewer: Sir I have a home loan of Rs. 45 lakhs payable over 20 years at a (floating rate) of 11.75%. A new Aggressive Bank is offering me a New Loan of Rs. […]
Yes you read it RIGHT. The title says every solution creates a problem. Let us go back to the 1970s and 1980s when our gen was in college. We were told “if you were in the USA the day you graduate 4 banks will be chasing you to give you a credit card and a […]
One boy in office walks up to me and says “Sir I have joined a Gym, and now my weight will go down”. Now a little about his background. He is 25 years of age, about 5′ 10″ and weighs about 110kg. Overweight? No. Obese!! And has been having a problem with his weight for […]
This is a guest post by Mr. Vikram Ramchand of MakeMyReturns.com Filed your return online? Forgot to send the ITR-V to CPC Bangalore? Or are unsure whether the ITR-V reaches the Central Processing Center or not? These are some of the general worries that the tax payer faces when he files his returns electronically. There […]