This is the archive of all our articles related to how young earners can manage their money easily
This week in ₹e-assemble, we shall discuss how to track monthly expenses and manage them efficiently. ₹e-assemble is a series on the basics of money management aimed at young earners. If you ask me now, “how should I track expenses?”, I would say, “do not track, instead invest first and spend later”. However, I am…
Continue reading →I discuss simple ways to select the best credit card in India and use it efficiently and maximize its benefits. This post is part of ₹e-Assemble: a series on the basics of money management for young earners. You will be surprised as to how many people do not understand how a credit card works and…
Continue reading →In this post aimed at new mutual fund investors, I discuss the basic aspects of the mutual fund redemption process. Knowledge of this is crucial from the viewpoints of risk, reward, taxation and product selection. Experienced investors may find this information quite basic, but please do consider sharing this post to someone who may benefit…
Continue reading →Tax savings season is here! No, not for those who integrate tax-planning with goal-based investing and invest throughout the year. This is the season when millions of investors who are not interested in holistic money management, buy random products based on random advice at the last minute. Much of this random advice stems from the media,…
Continue reading →Use this home loan transfer calculator to determine if it is worth refinancing your mortgage, that is, transfer your home loan to a new bank or new loan scheme. When a new home loan offer at a lower interest rate appears, it is tempting to want to shift an existing home loan, because the EMI…
Continue reading →Go to a bank or post office and you can locate a board that lists typical transaction times. Here is how long each basic step in financial planning will take. Assumptions: You know that equity investing is necessary to combat inflation. You recognise the bad investments in your folio and have decided what to do about…
Continue reading →Dear young earner, what do you wish to optimise? Your money? Or your time? Would you rather dig deeper and deeper into money management and learn “best” ways to “optimise” money management? Or would you rather spend some mandatory time in getting your finances in order and let it run in auto-pilot with periodic maintenance…
Continue reading →Here is a personal financial self-evaluation checklist that can be used by beginners and veterans alike. It has been developed from how to Conduct a Personal Financial Audit and my own audits which are done each December. Here are the links to my 2015, 2014 and 2013 personal finance audits. If you like the checklist, you can attempt answering and act on them…
Continue reading →We had discussed Why the retirement corpus we need is so large in an earlier post. Using a retirement calculator for the first time can be a nightmarish experience. Many users have complained that the low-stress retirement calculator is low-stress before using it and high-stress after! I would like to think much of this stress is due to a lack of…
Continue reading →All of us have to deal with various types of recurring expenses – ones that knock on our doors, once a month, a quarter or a year. In this post, I would like to discuss some simple ways to handle these on auto-pilot with minimal maintenance. Perhaps this post maybe a bit too simple for experienced…
Continue reading →This post showcases a presentation by Aparna C K to her office colleagues. I am delighted that she kindly consented to let me share this here. Regular readers may be aware that Aparna has written two guest posts for freefincal which became instant hits: Guide to efile Income Tax Return For AY 2014-15 Guide to efile Income Tax Return:…
Continue reading →P V Subramanyam, CA, author (retire rich) and blogger(subramoney.com) spoke on retirement planning to a group of about 50 people last year (May 29th 2015) at Chennai. Here are the videos (a re-post). Note: The videos were shot by me using a DSLR. The audio is decent without a headphone and pretty good with a headphone and…
Continue reading →Why do so many look for a secondary source of income? Now that sounds like a dumb question is it not?! I would like to classify people who look for secondary income into three broad categories. I Some, make that many, do not earn enough and so want to earn more. II Some, make that many (but not…
Continue reading →‘Mutual funds are for sissies’. Excuse the expression, but I wonder if you have heard that or some version of that from stock investors? Many stocks investors (not all) tend to look at mutual fund investors as children of a lesser god. Not that I care, but I often see extreme generalisations both for mutual…
Continue reading →How to retire early in India safely by age 40 or age 50? If you have this questions, this e-book is for you! Retirement is an oft-discussed topic at freefincal with a fair share of exposure to early retirement. Here is a compilation of seven such posts in the form an e-book. This is the…
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