In this article, Ahirjoy Biswas explains the importance of Personal Cyber Security Insurance; why it is important; what to look for in such policies and where to get one in India. About the Author: Ahirjoy Biswas is a Computer Science Engineer and has over 18 years of experience in the IT and BFSI industry. The…

If there is one word in personal finance that is mostly misunderstood, it has to be frugality. After the 2008 financial crisis, it became popular online when people with uncertain or no jobs had to relearn money management. A frugal person is often misunderstood to be a miserly person who deprives themselves of worldly pleasures…

Here are some financial lessons from our childhood stories! This is a guest article by Srivatsan, who would only like to be referred to as a “long-time reader” of freefincal! He has written several articles here before and is responsible for adding the Earnings power box feature to our stock analyser. His previous articles are…

My new book for kids: “Chinchu gets a superpower!” is now available! Here are the details on what the book is about; how to use it and how to buy it. What is this book about? As parents, if we had to groom one ability in our children that is key not only to money…

It goes without saying that the protection of online privacy and financial transactions are of utmost importance. This article discusses how we can protect our privacy with strong passwords and how to manage these passwords safely. About the author: Rajavel is a Computer science Graduate from NIT Trichy. He currently works as a software engineer…

Does your child want the new Sony PlayStation 5(PS5)? Maybe they want an Xbox? Maybe you know a friend who is planning to buy these. However, do not buy these gaming consoles! In our new ebook, tech expert Ravi Kumar presents a step by step guide for non-techies with all relevant resources to build a…

Many of us start managing money and investing late. In this article, Jayashree Francis explains from experience how you can quickly get your finances on track. About the author: Jayashree is a content manager and learning professional, with over two decades of experience in a career spread over academics and the industry. She is a late…

In this article, Ranjan discusses four money mistakes that young earners should avoid as they start their careers and money management journey. Four years after I got my first salary, I made my first investment; it was under Mr Vidya Sagar Arora( my uncle),  who taught me the importance of investment. Till that time, most…

One crore rupees is an emotional milestone for anyone with a much lower networth. This is why people buy term insurance policies for one crore without evaluating how much they need. Let us find out what is the value of Rs. one crore in 2021. You could buy some variant of Audi, Benz or BMW…

The “Code on Wages”(“Wage Code”) Act, 2019 aims to transform the old and obsolete labour laws into more accountable and transparent ones. The Act seeks to simplify the wage definitions and universally regulate the provision of minimum wages for all workers in India. In this article, we explain in simple terms what the new wage…

Each year, I evaluate my retirement portfolio’s performance and my son’s future portfolio in a personal finance audit. Published since 2013 these audits hopefully would encourage similar action among readers. This year, readers have started sharing their audits – How Suhas tracks his MF investments and reviews financial goals. Two more such audits will be…

If you had Rs. 1000 in the year 1980, it would just be worth Rs. 63 in 2021 (down from Rs. 66 in 2020 and Rs. 68 in 2019) if we use the cost inflation index (CII) data published by the government. The trouble is this index is an underestimate and out lifestyle has changed…

In this article, we talk about the financial considerations in deciding between buying a new car vs used car and how to optimise our purchase and maintenance. We will touch upon other non-financial and practical considerations too.  You may also refer to the prequel article in which we talked about the general Financial Considerations and…

Everyone amongst us shops online these days. Online shopping offers us the convenience of buying at our fingertips, doorstep delivery of goods, discounts on the MRP and much more. While we as finance enthusiasts tend to look at only the returns on our investments, savings also play a significant role- especially when your total corpus…

Here are three apps that can help track and manage your expenses. There are two schools of thought when it comes to expense management. Those who wish to track to a reasonable extent and those who think if we spend after planning investments, tracking is not necessary. Each school of thought has its pros and…