Most personal finance advisers or wealth planners agree that emergency savings are a critical component of financial wellness. However, despite the importance of savings to financial health, there is no commonly accepted methodology to determine how much an individual or family might need in case of an emergency, says Aron Szapiro, a consumer finance expert.
Joydeep Ghosh takes stock of personal finances after the life-altering surprises of 2016.
Experts say you may invest in small-sized funds and benefit from their nimbleness.
A top-up loan could come to your rescue in an emergency. Here's why
'We are probably working with flawed data on household finance.'
Couples, who plan money together, stay together and get rich together!
Making an informed choice will help you save money and some hassles too.
Gandhiji inspired the nation to believe in their dream. He continues to be an inspiration to each one of us by making us believe in our dreams. Make that home loan work for you and don't give up till you sign on the dotted line for owning your dream home.
A financial adviser can provide invaluable assistance in helping you navigate the very complex world of investment. But do you really need one?
Top four consequences for you to keep in mind before you miss a mortgage payment
'Everyone is still trying to understand the quantum of impact demonetisation will have on the economy.'
The advice your mother gave you about choosing your friends wisely got a whole new meaning with lenders looking at your social media posts
Here are few steps that if followed will put your finances on track and help you live a prosperous life with comfort
Follow these tips to get ready to celebrate with sweets and kites with your friends and family in your new house next Pongal.
A six-point checklist to follow when lenders reject your home loan application.
Salil Dhawan shares his stock market wisdom as 2017 is all set to ring out.
You may think that teenagers and credit cards are a recipe for disaster but before you dismiss the idea give it a second thought.
Bull markets need a a charismatic leader and a fancy destination.
A fall in home loan rates since last September as well as a few provisions in the Union Budget 2016-17 are working in favour of the home buyers, says Rajiv Raj
A bad credit score in general is seen as an irresponsible behaviour of an individual. Inability to pay on time reflects that the person is not capable of take care of things.
If a couple is registered as joint owners of a property, the tax authorities expect both of them to show their income or capital gains from the house in their tax returns, says Arvind Rao, a chartered account and certified financial planner
Though reward points should not be a primary concern while opting a credit card they do hold some monetary value. Be sure to redeem your points on time and make the best use of your card.
Sharing your credit card with the spouse has it perks. Read on to find out more!
There are other charges too that you need to budget for
Just in case you have surplus funds and are thinking about it, here are some pros and cons you must know...
Here are some very important credit gyaan you wish you had got from your parents
One might wonder what's wrong if one were to get the best of both worlds by buying one product. There are basically two problems... cautions Rajiv Raj
Here are six New Year Resolutions which will definitely help in achieving your financial goals in the long run.
Guaranteeing a loan requires careful analysis before making the decision; you should not guarantee a loan just because a friend or acquaintance has asked you to do so, warns Rajiv Raj
Here's why it happens and how you should avoid it.
Here are four ways to keep your credit score in the green
If you do not overspend, we advise you to get yourself a credit card. It will open up a whole new world of benefits.
Life hacks to get your financial situation under control
So how does one protect themselves from misuse of their credit cards? Here are a few helpful suggestions.
Before taking the plunge and being a co-applicant, make sure that you are aware of the rights and responsibilities that come with it!
Money is a touchy topic for most of us. Money fights between couples are all about control and freedom. Keeping the communication channels open and respecting each other's attitudes can help couples manage finance better.
and three times when you should actually use them
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.
Here are the many pros and some cons of going for such an arrangement
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