In this article, we share a risk assessment spreadsheet created by Suresh Murugan and discuss how it naturally works as a family crisis management cheat sheet. Suresh is no stranger to crisis. He met an accident the day he got married and learned key money lessons. Since this personal financial audit was shared with readers,…

A reader asks, “Sir, my boyfriend and I are about to get married. Both of us want to have children. Can you please write an article on how to prepare for parenthood financially?” Although I welcome and admire it, most people may dislike this line of thinking. For them, childbirth is a gift and should…

In this article, we discuss a set of questions sent by a reader about a 25-year investment duration. Among these, he wishes to know how much should be allocated to small cap mutual funds. We address them in the order received. For a 25-year retirement goal, what will be your allocation percentage towards equity, gold…

A reader writes, “We are about to sell our flat. Many of my friends advise me to buy 54EC Capital Gain Tax Exemption Bonds to save tax and then invest the money. However, I wonder if paying the tax and investing the rest in equity is better. Can you please do a comparison study? Thanks…

The freefincal robo advisory tool is now available on Google Sheets. You can use it to plan from start to finish for retirement (early, normal, before and after), non-recurring financial goals (child education) and recurring financial goals (holidays, appliances etc.). The tool would help anyone from ages 18 to 80 plan their retirement with a…

A reader asks, “I recently read your mutual fund investment journey. I then read similar stories shared by readers about their financial independence. One common feature in all these stories is the high salaries involved. My salary is quite low (I am ashamed to disclose it). I don’t see any immediate prospects of increasing it”….

Here are a set of questions to determine how secure your financial life is. Personal finance is all about protecting our family against extreme situations (aka outlier risks). Everything we do, buying insurance, saving, investing etc., falls under this protection act. So let us get started. Don’t worry if you answer “no” or “not yet”…

A reader asks, “I’m unable to understand the need to venture into debt funds for my needs. What are the advantages they offer on the alternatives for the long term – PPF, EPF, SSY etc.? I’m primarily saving for retirement, and currently, almost all of my debt part is into epf and ppf (about 50%…

Satish asks, “Sir, I am 24 years old and will be receiving my first salary in Aug 2022. My basic pay is close to Rs. 35,000. The gross pay is about Rs. 63,000. The take-home after TDS and EPF deductions is close to Rs. 50,000. I need to give Rs. 10,000 to my parents each…

A young reader writes, “I am a recent graduate, who used to dump his money all on a Nifty fund I picked at random. But with your videos and articles, I now have an idea about choosing funds. But I still am confused about asset allocation. Other than an Index fund, I have no idea…

On the 10th of August 2022, the Ministry of Finance announced, ” any citizen who is or has been an income-tax payer, shall not be eligible to join APY from 1st October 2022″. Further, “In case a subscriber, who joined on or after 1st October 2022, is subsequently found to have been an income-tax payer…

A reader wants to know,” Will the Public Provident Fund (PPF) interest rate be increased after three successive RBI repo rate hikes?” The PPF interest rate does not directly depend on the RBI repo rate. Some history is in order to appreciate how small saving interest rates are decided. Several committees that have discussed the…