Personal Finance and Investments

If you ask me anytime, "What is best investment option for me". My answer will be "anything other than sold by your bank or bank relationship manager" I am sure, you must received call from your bank or any financial institution and suggested you to take this "Great Investment with 20% annual return" plan which will have Term Life Insurance, Investment in equity market and also have Tax Benefit(80C). If you get convinced and fell into this trap by taking this plan, trust me you made an unimaginable mistake that you will regret forever. I’m talking about  ULIPs (Unit Linked Insurance Plans). Banks sell these plan by saying "It is the best plan for Investment and Insurance together". But truth is: It offer worse of both .  So, if you’ve been pitched this plan as a "great investment" , you need to read this before making any decisions. 🤔 What is a ULIP? A ULIP, or Unit Linked Insurance Plan, is a financial product that combines life ins...

  I just want to ask one question: Are you ready to handle in such situations your life like — If your lost your job If your business shut down overnight If your medical bills goes up beyond your Mediclaim coverage. (I hope you have your medical insurance including your dependents) That means have you enough money saved to survive such conditions ( Emergency Fund )? Trust me I know the answer. Answer is "NO". One thing you all agree with me that life is very very unpredictable. Anything can happen anytime. One surprise medical bill, closing your income or layoff can destroy your entire financial health. That’s where an emergency fund comes in. It’s not just a nice-to-have—it’s a must-have for financial stability. In this post, we’ll break down exactly what an emergency fund is, why it’s important, how much you should save, and most importantly— how to actually build one (even if you're starting from zero). 💡 What Is an Emergency Fund? An emergency fund is a colle...

Managing your money can feel you happy, comfortable, stress free. Managing money is a skill. Between bills, savings, debt, and unexpected expenses, it’s easy to feel like your paycheck disappears the second it hits your account. The good news? You don’t need to be a financial guru to get your money in order. With a few simple steps, you can take control of your finances and start building a more secure future. Here’s a straightforward guide to help you manage your money better— no jargon, no bakwas, just real tips you can start using today. 1. 📝 Know Where Your Money Is Going Before you can manage your money, you need to know / understand where your hard earn money is going, how you're spending it. Start by tracking your income and expenses for a month. Use any budgeting app, an excel sheet, or even a notebook—whatever you want. Break your expenses down into categories like: Rent - if you stay at PG or rented flat. Groceries — Day to day expenses for vegetables, paneer,...