Warning! A long-term financial goal will soon become a short-term financial goal!

All long-term financial goals would soon become short-term financial goals. Perhaps it is obvious that with the passage of time that a goal 18 years away, will soon become a goal 3 years away.Children’s education goal is the best example of this. ‘They grow up so fast!”, we hear everyone say around us. Question is,…

Continue reading →

Seventh Pay Commission Calculator: Pay Fixation with Pay Matrix

Here is a seventh pay commission calculator based on the pay commission report which allows you to determine your new salary based on the pay matrix. Do share this sheet with your colleagues or friends who work for central or state governments. For pensioners: Seventh Pay Commission Revised Pension Calculation The six pay commission introduced…

Continue reading →

The trouble with fixing the current cost of a child’s education

The most important input while planning for a financial goal is the current cost of the future expenditure. When the goal is several years away, the current cost is a crude estimate.  For retirement, we can assume present lifestyle barring child’s education expenses and liabilities. For a Ferrari, we can enter the current cost. For a…

Continue reading →

Videos Part II: Uma Shashikant on Strategic Personal Finance

Here are the remaining videos of the  “Strategic Personal Finance” workshop conducted by Dr. Uma Shashikant, Managing director, Centre for Investment Education and Learning (ciel.co.in and moneykraft.com), at Bangalore on July 26th 2015. Segments I, II, IV, V, VI, VII, can be found here: Videos: Uma Shashikant on “Strategic Personal Finance” This post has parts III and…

Continue reading →

Videos: Uma Shashikant on “Strategic Personal Finance”

Here are the videos of the  “Strategic Personal Finance” workshop conducted by Dr. Uma Shashikant, Managing director, Centre for Investment Education and Learning (ciel.co.in and moneykraft.com), at Bangalore on July 26th 2015. Regular readers may have read the Nuggets from the workshop on “strategic personal finance” published earlier. It is hard to follow the slides because the hall…

Continue reading →