Category: Personal Finance
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Sayonara mom and dad, I’m moving out!
I have moved out of my mother’s place and into my space. I’ve moved again from there to another house. I know the issues and the costs associated with moving and living on your own. So I thought I’ll dive into how we can plan financially for moving out…And moreover, moving out of our parent’s…
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Little savings, big returns – HOW?
I’ll give you the answer right away. It’s TIME. If you’re able to save a small amount you might feel like there is no point in doing so. Especially when the rate of return is so low. Ok firstly it doesn’t matter how much you earn, what matters is how much you pay YOURSELF. Meaning…
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Walking on thin ice
I was recently talking to someone about mental health, and I realised what a huge role financial wellbeing plays in our mental health. We worry, fret and stress about money. We live pay-check to pay-check. We have loans and EMIs for which we NEED to go to work every day. We have children whose education…
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START-ing problems
So you’ve been earning for a while now, and saving like a goodie-two-shoes. But you’re also a badass, so you haven’t started investing yet. You keep thinking, ‘yeah let me save a little more, what I have right now is not worthy of an investment’. (Or something along those lines…we’re all guessing here) I invite…
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Peeeeking into Spending habits
All right, the time has come to talk about your spending. Hold on! Don’t leave just yet. I’m going to try and make this light and breezy.
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Common mis-steps when it comes to dealing with money
Okay, I don’t have ALL the mis-steps. I’ve jotted down whatever I could think of, I will keep updating this list as and when I think of something.
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Dipping the toe…
Whats an SIP? Think of it as an EMI, but instead of paying a bill/loan, you’re paying yourself.
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What on God’s green earth is a deposit?
Okay. Here we go. Think of it as a piggy bank but on a small dosage of steroids. Like a bulky little piglet walking around a farm. That’s your deposit. The reason it’s just a small dosage of steroids is because the interest rate the banks are providing for deposits are quite low these days.…
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Budgeting for cupcakes
Investments! Nooooooo! Too scary. Should we think of a code name for this then? How about cupcakes? Cool? ‘I have an emergency fund, I’ve thought about my retirement, I am also insured for heaven’s sake – I’m a fully functioning adult now’ Till now, the only thing we have actually accomplished (yes its a lot…
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Hedge! Hedge! Hedge!
Its going to get morbid sonnnnn! Get insured! I’m not a walking talking insurance advertisement. But it’s incredibly important to get insured. I am not talking about the life insurance policies that people sometimes mistake for ‘investments’. Nopedydope. Look for a good term insurance. The sum assured is higher, and yes you don’t receive anything…
The Money Wellness Studio 