Anyone looking to purchase gold these days is spoilt for choice. You can purchase physical gold in the form of jewelry or gold bars, or you can go the digital route – eGold, Gold ETF, or Sovereign Gold Bonds. Let’s make these choices simpler by discussing each of these options. If you prefer video over … Read more
If you are investing without a goal and a plan, then you are investing the wrong way! This 10-minute video from The Finance Lab will show you the importance of having a financial plan and the steps to go about it.
A lot of you may not like reading this post due to the nature of the topic. But it is important for the sake of our loved ones that we discuss this important issue today. Side Note: You may find this article to be too long (2000 words!). I considered dividing this article into two … Read more
In the last two articles, we saw how to get your UAN details and how to use your UAN number to get your PF and EPS balance. But what if you want to add nomination to your PF account? Or, update your mobile number? Unlike our parents who had to visit PF office and fill … Read more
If you have recently started working and have received your first paycheck, you would have noticed a deduction under the head Provident Fund. It is a fund run by the Government of India to which both the employee and the employer contribute 12% of the monthly basic salary of the employee each month. While the … Read more
When you join an organization that has 20 or more employees, your employer is required by law to open an Employee Provident Fund (EPF or simply PF) account for you. It is a fund run by the Government of India to which both the employee and the employer contribute 12% of the monthly basic salary … Read more
Did you know that you can easily tell whether a credit card/debit card number is correct or not by doing some quick calculations? While it’s highly unlikely that you will find yourself in a situation where you have to manually verify the authenticity of a card, nonetheless it is an interesting trick to know. The … Read more
This is the second part of a two-part series on managing personal finances. We covered five essential tips for managing personal finance in the first part. In the last point of that article, we discussed why it’s not a good idea to take loans for depreciating assets. We’ll start this article from where we left … Read more
If you have recently started earning, or are new to managing your personal finance, this post is for you. I remember how clueless I was about managing my money 10 years ago when I started earning. Since then I have learned a lot of tips and made a few mistakes on the way. Through this … Read more
We all are aware of the importance of getting a periodic health checkup. It is as important to do a periodic checkup of your credit health. But, most of us realize the importance of a credit score when we are in need of a loan. I have seen people come to the bank to apply … Read more