Imagine this: you've just landed your dream job, and the congratulations haven't even stopped! But amidst the excitement, a tiny voice whispers, "How will I manage all this money?". If this sounds familiar, welcome to the wonderful world of personal finance! What is Personal Finance? Think of personal finance as the fitness plan for your money. It's about taking control, … [Read more...] about Understanding the Basics: What is Personal Finance?
Investment Options
When You Can And Cannot Pause Your SIP
For those who want to invest money for the long term, while at the same time, enjoying some liquidity in their investment money, investing in mutual funds via SIP is one of the best options. Why SIP? Well, SIP is the short form for Systematic Investment Plan - it is an automated way of investing. Since it is automated, you don't have to mindfully remember to invest - this … [Read more...] about When You Can And Cannot Pause Your SIP
Early Retirement | Is It Worth The Hype? What are the pros & cons?
Early retirement is doing a lot of buzz these days. People from various sectors are so much attracted to this concept of retiring early. This concept of early retirement also has a cool phrase attached to it - Financial Independence, Retire Early (FIRE). This term actually denotes a movement that involves a strictly frugal lifestyle accompanied by rigorous savings and … [Read more...] about Early Retirement | Is It Worth The Hype? What are the pros & cons?
SIP Pausing: A Useful Tool for Mutual Fund Investors
Systematic investment plan (SIP) is a popular way to invest in mutual funds. It allows investors to invest a fixed amount of money at regular intervals, such as monthly or quarterly. This is a disciplined and convenient way to invest, and it can help investors to achieve their financial goals over the long term. However, there may be times when investors need to pause their … [Read more...] about SIP Pausing: A Useful Tool for Mutual Fund Investors
What Is FD Laddering? How Is It Better Than Regular FD? | Try FD Laddering To Maximise Your Profits!
FD laddering is an investment strategy that involves dividing your investment amount into multiple fixed deposits (FDs) with different maturity dates. This creates a "ladder" of staggered maturities, which gives you the flexibility to access your money as needed while still earning a good return on your investment. For example, let's say you have ₹100,000 to invest. You … [Read more...] about What Is FD Laddering? How Is It Better Than Regular FD? | Try FD Laddering To Maximise Your Profits!