'The only good thing is people will not be required to maintain their medical bills and invest time in that.'
It is important to celebrate when your first paycheck arrives, but is equally important to ensure that you take the time to learn some very important personal finance lessons, so that you can put your salary to work for you and grow a savings corpus.
Financial planning need not be boring or solely be a man's job. It can be made fun and be used as another way to increase a couple's closeness and happiness! Try it!
Here's why ULIPs have become an attractive long-term investment option
'You are unable to attack creation of black money.' 'You have not stopped that, but are now coming up with such rules.' 'It is so stupid and unbelievable.' 'This ordinance is a very scary way of going about it.'
Expect more volatility in the coming year as the economy and markets price in the demonetisation drive.
Let us take a look at some of the things that one should keep in mind.
Mutual fund investments come in various shapes and forms -- ranging from the passive index funds to the actively managed funds. Two of the most popular mutual fund types are balanced funds and dynamic funds. Let us take a deeper look at what each one is and how they are different.
Without them your financial security is at a huge risk...
If your child is 20 when s/he decides to pursue higher eduction and her/his current age is 3 years, then here's a plan for you...
Let us look at this scheme a little more in detail.
A simple primer on how much money taxpayers can save under various sections of the Income Tax Act.
A tax plan is not only to save taxes, it should also assist you in achieving your other financial goals such as buying a home, a car, children's education, retirement to name a few. Here are some top ways in which you could plan for your tax savings
The government has also built in mechanism to protect investors from price fluctuation.
Take a moment to consider ways to improve your finances.
Home loan cover from the lender may not be the best option
A rightly chosen ULIP can be a competitive investment, but the investor needs to ensure that his relationship manager has put him ahead of the commissions that the product pays, says Anil Rego, CEO, Right Horizons.
Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline. Investors should lock in to instruments offering higher returns.
A budget is nothing but a tool to keep your spending under control and ensure that the monthly expenses are lower than your monthly income. Here are some tips on how you can make your budget work
Financial planning tips for the salaried in their 20s
The whole idea is to have a balance between long-term and short-term goals.
Look for one with the right mix of qualification, experience, ethics knowledge, and communication skills
Besides return and risk, investors also need to weigh the liquidity of the instrument they are putting money in
Before you take the leap, get your financial house in order
Every financial plan needs to be tweaked periodically.
How will the government's decision to demonetise Rs 500 and Rs 1,000 notes help curb the creation and flow of black money into the Indian economy?
It's also important to understand the rationale behind choosing particular stocks and when to sell.
Equity investments are fruitful over the very long 20-year term.
If new goals have emerged, this is the time to make fresh investments.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances