Your finances this week: Know how to use your salary increment wisely

Your finances this week: Know how to use your salary increment wisely

This is the time of the year when most companies hand out increment letters to their employees. You may have also your salary hike details in hand. It is one of the best feelings to be appreciated for the work you put in for your organization and given a handsome reward in the form of a decent pay hike. However, a good salary hike does not really mean a signal to go on an extended binge when the extra money starts flowing in with your salary slip. Instead, you should…

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Techie? Here’s how to duck the pink slip arrow and stay afloat financially.

Techie? Here’s how to duck the pink slip arrow and stay afloat financially.

News has been slowly making it to the headlines and India is probably facing its worst job crisis in over a decade now. After start-ups and the e-commerce giants, it is now the IT sector that is trying to get in shape with lay-offs. The pampered new-age techie is capable of going into a personality coma if he is a casualty of the layoff and it’s needless to talk about the 5 year old tenured techie with EMIs. Here are a few tips to shield, steer, and safeguard finances and…

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#6 Steps to Plan Your Finances Before You Turn Entrepreneur

#6 Steps to Plan Your Finances Before You Turn Entrepreneur

To be used only during emergencies, there should be a separate sum of Rs 2-3 lakh kept in the bank Starting a business is tough. The sweat and the sacrifices can take a toll on a start-up ninja. But what’s tougher is keeping it afloat long enough for it to pick up traction. Your business starts with you, so it will be extremely important to keep your very own personal finances in order. Apple’s Steve Jobs, Microsoft’s Bill Gates, Infosys’ Narayana Murthy or Paytm’s Vijay Shekhar Sharma made it big…

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Taking a home loan to buy your first house? Five factors to consider

Taking a home loan to buy your first house? Five factors to consider

Taking a home loan to buy your first house? Five factors to consider Though you may have salary or income to support your home loan application, here are some factors you cannot ignore. Loans make many things accessible and homes are no exceptions. For millennials, loans are a part of life and they may not think twice before buying a home with a loan. However, here are five factors you should keep in mind even if you have adequate salary to get a loan and to service it. Property Age…

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Waiting for your first salary of FY18? Let it set the tone for your financial goals

Waiting for your first salary of FY18? Let it set the tone for your financial goals

Using the money to spend and invest wisely could set the tone for an improved financial portfolio for the future   Your first salaries for the fiscal 2017-18 will be paid out within the next few days. Spending and investing the money wisely could set the tone for an improved financial portfolio for rest of the year, and also for the long-term. “Starting early and being consistent with investments is the best way to build assets and wealth,” says Anil Rego, CEO & Founder of Right Horizons Financial Services. Rego provides some…

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Frauds – The biggest reason for a personal financial crisis

Frauds – The biggest reason for a personal financial crisis

In the age of information over load, it is surprising to see the number of financial scams and frauds. Most of the time they occur due to ignorance, negligence or incomplete information.   Time and again we come across a lot of people who are suffering a financial set –back due to bad choice of investments, scams and frauds or mis-selling. The type and scale of these financial crisis may be different but this is the result of ignoring a few common but utterly critical financial disciplines. Haste makes waste: Shailesh…

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If you have Rs 1 million to spare, here are 5 portfolio options to generate wealth

If you have Rs 1 million to spare, here are 5 portfolio options to generate wealth

If you want your money to work for you – first thing is to get it out of your bank account and invest in various asset classes. I can’t invest because the market is trading at high valuation? There is too much risk in the market right now? I don’t know how much and where to invest? Do these questions look familiar to you? If yes, then we might be able to help you out. If you want your money to work for you – first thing is to get…

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Five things to prepare yourself for the next financial year

Five things to prepare yourself for the next financial year

Beginning of the financial year is the best time to get your money acts together. Well begun may be half done in many things. For your financial well-being however well begun is a big step towards wealth. A few suggestions for us to consider, as we look at the financial year 2017-18 that is just days away. 1. Get a grip on the future. Planning the needs and goals of our future helps us get a grip on the task at hand, and the way to get there. Our needs…

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New Pension scheme rules: How to invest wisely now!

New Pension scheme rules: How to invest wisely now!

From April 1, subscribers will be able to change investment option & asset allocation twice a year, instead of once. Use greater flexibility offered by pension schemes judiciously, experts tell Sanjay Kumar Singh. Until now, subscribers in the National Pension Scheme, NPS, could change their investment option (active or auto choice) and asset allocation (the percentage allocation of your investments to different asset classes such as equities, corporate bonds, government securities and alternative investments) once in a financial year. According to a recent circular from the Pension Fund Regulatory and…

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Celebrate womanhood, invest smartly on International Women’s Day

Celebrate womanhood, invest smartly on International Women’s Day

A woman’s financial plan must be aimed at creating long-term financial stability. Their emotional needs must be factored into the financial plan. Planning for one’s financial security is a must for everyone. If you are a woman, be it a working woman, a homemaker or a single mother you have financial needs. Are your financial needs different from men that require you to follow a different financial planning routine? If so, how do you go about securing your future and what are the instruments that you should invest in? Financial…

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