After 13 years of using a feature phone, I finally decided to get myself a smartphone. Selecting one I realized that many of us have the right approach to buying a smartphone but fail to apply it to managing money and investing. First some blah blah about my new phone, kindly bear with me. Did…
Continue reading →“Reader story” is a series where we feature the money management journey of freefincal readers. This week Rakesh Gurbani explains how he got his life in order and is ready to take on his financial goals with confidence. You can access the full archive of all past posts. If you are interested in sharing your story,…
Continue reading →Imagine that you are a risk-averse investor and wanted to “park” some money for a few days, and desired to earn a bit more than a savings bank account, an overnight mutual fund is a reasonable choice. If you wanted to extend the investment duration to a few months, a liquid mutual fund is not bad…
Continue reading →In this post, Niten Kapoor discusses how he selected a health insurance policy. In my previous article on health insurance, I had invited readers to compare policies as guest posts. Niten agreed to write about how he compared policies and selected one. This is part of Re-assemble – a series on the basics of money management…
Continue reading →This is an account of how a member of Facebook group Asan Ideas for Wealth(AIFW), – let us call her Jenna – got her money back after a failed credit card payment with the help group admin Ashal Jauhari and the banking ombudsman. Although the circumstance of the failed transaction discussed below is not common,…
Continue reading →Each December I take stock of how well my goal-based investment is moving along (or is it?) Since 2013, I have been publishing these audits. Here is this years edition with some analysis of my retirement and sons-education goals. The only reason I am sharing this is to advertise the benefits of goal based investing. Kindly do…
Continue reading →Readers may be aware that in September 2017 I had introduced a handpicked list of mutual funds and called it PlumbLine to accompany the freefincal robo advisory template. While we are still waiting for AMCs to fall in line after SEBI announced its mutual fund classification rules, this month, I present the funds in table form for…
Continue reading →There can be no doubt that 2017 is the year of cryptomania. Every day more and more investors, especially young earners want to try their luck with Bitcoin, Ethereum, Litecoin and any other crypto coin they can get their hands on. Cryptomania 2017 is fantastic to watch as it unfolds, but dear bitcoin and altcoin…
Continue reading →I discuss how to buy a super top up health insurance policy with examples on how it differs from a top-up policy and a base policy and why we need one. With medical costs increasing day by day, a medical cover of just a few lakhs will not be sufficient for us. Every day I am…
Continue reading →Follow these simple steps to learn how to close your loans and live debt-free. This week in ₹e-assemble, we shall discuss one of the most important money management problems for young earners – handling debt. You will be surprised as to how many people in their 20s and 30s nurse huge credit card debts, personal…
Continue reading →Wouldn’t it be great to have a DIY health insurance comparison chart that will immediately help you shortlist policies with most relevant and beneficial features? You could then read the policy wordings of these and choose one easily. Using the comparison feature at policybazaar, here is a health insurance policy comparison template with six policies…
Continue reading →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 →How to buy Bitcoins in India? If you have asked this question, wondered how to invest in Bitcoins with INR, here is a simple DIY approach. This is not a recommendation to buy bitcoins and I do not hold any. The reason I am writing this is that the bitcoin and cryptocurrency community is filled…
Continue reading →Almost every EPF member who was part of the EPFO before Sep 1st 2014 has one or all these questions on their minds: Will I get higher EPS pension? Am I eligible for it if I am already retired? How much will my EPS pension increase? I can answer, the “am I eligible” question accurately (see…
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…
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