Contingency Fund is critical for Every Salaried Individual

Contingency Fund is critical for Every Salaried Individual

Losing job is a reality, have a Contingency fund to keep you afloat Nishant Mongia, a 40-year-old software professional, woke up to a call on a Monday morning from his office telling him he was out of a job. Mongia, the only bread earner in his family, had no clue what to do as he had not made provision for a contingency fund.   With permanent jobs becoming a myth, this is a situation many people fear. Most experts say keeping an ‘Emergency Fund’ or a ‘Contingency Fund’ is the…

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First Salary – Pay, Perks and Provident Fund

First Salary – Pay, Perks and Provident Fund

Just like every other year the work-force will have new entrants this year too. The first salary is sacred and sentimental to many and marks the beginning of adult life. Graduates and Post Graduates from many educational institutions get placed in companies across India through the campus recruitment process which, for most parents and students is the ‘be all and end all’ of their education. For many it’s the placement or job guarantee offered seems to be the very purpose of education. Perspectives and opinions aside, most graduates entering the…

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First Salary- A joy that lasts forever

First Salary- A joy that lasts forever

First salary! Undoubtedly as memorable as first love. And at this Multinational IT firm all the new campus recruits were excited and so was Sushil. The iPhone is definitely on the first salary spend list and so is a party with his friends. He also thought of a gift for his parents and sister and put down all that on the list and saw the figure exceed the salary. Smiling to himself, he thought, “let me get my hand on that iPhone first”. Well it’s all so natural and real today….

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How to keep yourself financially fit if you lose your job?

How to keep yourself financially fit if you lose your job?

Losing a Job is a real scenario and one should be always prepared for such a crisis It was a warm morning in Bangalore, Abhijeet was driving to work listening to the radio in his car after he dropped his son at the St. Joseph’s Boys High School.  Driving him to school is one thoroughly enjoyable morning routine for Abhijeet. He has so much fun talking and sharing little secrets with him on his way to school. Abhijeet has a thriving job at a renowned software company in Bangalore. His wife…

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