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Wants are unlimited but money in hand is limited! We want to buy a lot from the limited kitty we have but are left frustrated due to our endless list of desires. If your shopping list is ready before your salary is credited, then you need to be careful. It may have an adverse impact […]
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It is a delight to see aspiring youngsters – the drive, the energy to moonlight and chase their dreams! It brings a breath of hope for a vibrant society and hard working young nation. What should a young earner do so that, not only does he/she use his/her youthful energy to grow in career and […]
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Outbreak of coronavirus had a massive impact on the markets. Equity markets around the world took a huge hit due to the pandemic and its after effects. This has raised concerns among investors about their financial security and future investments. Following this concern, various alternate investment methods are back in the spotlight. Money 9 takes a […]
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Picture this – you are 15 and go to the ice cream store to buy your favorite orange ice candy. You know 10 ice-cream sticks can be bought for Rs 100 and take exactly that much with you. Fast forward 20 years – you decide to take your child to the same store to buy […]
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Often investment and saving are used in a synonymous manner but they are poles apart. Saving is a virtue but of no use until you start investing what you save. Your money has the capability of paying you back and fulfil your future dreams. This could happen only when you invest keeping your future goals […]
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In personal finance, if you divide the number 72 by the rate of interest, you get to know the number of years it will take for you to double the money… Eg: if the rate of interest is 9%, simply divide the number 72 by 9% and the answer is 8. Thus it will take […]
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New Delhi: Total assets under management in government’s flagship social security schemes — National Pension System (NPS) and Atal Pension Yojana (APY) — stood at Rs 5,48,913 crore at end-December 2020, posting an year-on-year growth of 36.83%, according to PFRDA data. The assets under management stood at Rs 4,01,152 crore at end-December 2019. The Pension […]
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It’s a double whammy for small investors. The high inflation and low interest rate on fixed deposits are nibbling away at their savings. This is because, currently, bank deposits are giving the return as low as 5.5% while the inflation rate is as high as 7%. The real rate of return on FDs work out […]
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You are just out of college and have got your first job. You have been eagerly waiting for the salary credit message. When you read the magic words “Your Salary has been credited”, you immediately start planning on spending it. There is an urge to treat yourself with that high-end dinner or buying an expensive […]
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Work-earn-spend, Work-earn-spend- repeat. If this is the pattern of your earning and spending, it’s time to break this chain. You work to earn and spend what you earn but you aspire to earn more, spend more and live better to fulfil your aspiration it’s just not important that you save but put your savings to […]
