Festive Season Begins…Plan your Budget Wisely!


India is a country of Festivals…! With beginning of Shravan Month the chain of Indian Festivals begin which continues till the end of the Calendar Year. The festive season in India is a sheer period with emphasis on Food, Décor, Gifts, Social Visits and so on.

While it is a time for happiness & cheer, it can be draining your pocket too! It is possible that you may go out of your way while spending. So is there a way to keep an eye on your Spending…?

Tip 1: Start with a Budget

Plan a Budget before you start shopping for this Season. I am sure, most of us draw out a rough estimate of the Spending but a detailed Budget is much better. With a rough Budget, there are chances of potentially spending more & it is tough to track your Expenses!

Tip 2: Avail the Festival Discounts

Many Stores put up Festive Sales which brings in offers on shopping of Clothes, Decors & so on. Moreover, these days Online Shopping has gained lot of importance. You can get attractive Discounts, Offers & Season Sales. So why not avail these discounts?!

Tip 3: Purchase what you need

Take a stock of what you already have & what you want to purchase before you make your Wish List. Many-a-times we end up shopping for the items which we already have unnecessarily adding onto our Expenses.

Tip 4: Know when to Stop

‘Cut your Coat according to your Cloth’…is a famous Proverb. It is extremely important to know your limits & put a brake on your Expenses after those limits. Shopping on Credit is not a great idea…so you should know where to stop!

More Later…


Rain Water Harvesting & Investing!


Hello Folks!

It is mid-July & it is been raining from a pretty long time. It feels so good when the rain showers hit the heated ground. The Weather is so mesmerizing when there are light showers & drizzles, but it turns out to be a problem when it rains heavily!

But no matter what…it should rain!

Have you heard about Rain Water Harvesting?

The Rain Water is collected in Natural Reservoirs & Tanks so that we can survive on it for the next 8 months till it rains again!

Similarly, invest while you have money in your hand because you cannot predict what is in store for you in the future!

The Rain Water is collected throughout 4 months of Monsoon & thus a large reservoir of Water is created so that we can use the water comfortably over the next few months.

Likewise, you can invest little by little so that over the years a large fund is created which can help you to achieve your goal.

The goal of Rain Water Harvesting is to avoid the shortage of Water & the goal of Investing systematically & regularly is to fulfill your dreams.

Calamity can strike you anywhere anytime…it is better to be prepared for the best!

Therefore, make sure you do these things:

  • Link a goal with your fund

Your goals & priorities change as you make transitions in your life. It is very important that you link your goals with your Investments.

  • Save for the Rainy Day

You never know what will happen tomorrow, you never know when you will require huge Cash Flow. Thus, it is better to keep an Emergency Fund ready to meet the crisis.

  • Invest through SIP

Make it a point to contribute little by little so that you create a big chunk later on. It gives you a plus point of Compounding. Moreover, over the years you can build a large corpus…After all, Rome was not built in a day…!

More Later!

The 2nd Innings of your Life!


It’s a Monday morning but you are in no hurry to get ready and rush to the office instead you are sitting in the balcony of your house reading the newspaper and sipping the coffee! Wow… this sounds so good!

So what do you call a person who is happy on a Monday Morning…?


And from here your second innings…that is after Retirement Life starts.

Retirement is a phase of your Life wherein you stop working & start Living your Life!

The best Retirement Plan you can have for a Happy & Prosperous Retired Life is don’t be a burden on others!

Retirement is that phase of your Life where you can Live your Life on your own terms…then why to compromise?


The big question which bothers everyone is: “How much money do I need when I retire?”

You need to check on certain factors before you plan your Retirement Funds.

1) Decide the age at which you want to retire.

Decide the age at which you want to retire so that it gives a clear picture of the time span you have to raise the funds. It will also help you to set a Measurable Goal which you can achieve systematically.

2) Set your Goals

You have different set of Goals at different Stage of your Life. Your Goals change with the transitions of your Life. Typically, after Post Retirement you might have goals like building a Dream House, an International Trip & so on. Allocate Funds to achieve your Goals.

3) Decide the Annual Income you will require after your Retirement.

Can you compromise with your Standard of Living after Retirement & come one step down…? No! We can’t! That is the reason you need to make your Budget. Moreover, you need to put aside funds for Medical Emergencies.

4) Keep a check on the Inflation rates and your Savings.

Inflation is rising on a remarkable pace. In order to sustain, it is important to keep up with the inflation. See to it that your Investments give you returns which can beat Inflation.

5) If you have a pension plan then obtain an estimate of it.

In case if you have a Pension Plan, make a note of getting an estimate of it so that you come to know how much corpus you will be getting later.

So you have got to make the arrangements for your 2nd Innings, why to depend on anyone else?

Have a Happy Retired Life….!

More Later…




Higher Education – A Need!


Hello Everyone!

The 10th board exam results are just out…Congratulations to all the students who have passed with flying colours!

I know the question which is bothering the children as well as their parents is…‘What Next?’

Indian parents have very high expectations about their children’s education and careers. In today’s competitive world, the need for strong & quality education is increasing. With India’s prospering young population, the excellence in education is a determining factor in the race for better careers today and it will keep on increasing in the future.

However Education, especially quality education doesn’t come cheap and it is also something that parents hate compromising on! A child’s school costs alone have reached sizeable amount. Now-a-days, access to higher education is easier, with good colleges in India and foreign universities wooing students.

In today’s date, the cost of Higher Education from a recognized institution is reaching new heights.

In order to give a good start to the child’s future, it is important to plan for such a big financial goal before hand.

Thus, parents must plan and start saving early to build a corpus for their children’s higher studies. And, while it is an important financial goal, it should be prioritized properly. Below are some points, you should take care of while building your corpus.

  • Invest Systematically

It is not possible to build such a huge corpus in a day or two. Hence, it is very important to save & invest in regular intervals.

  • Account for Inflation

We experience Inflation in our day to day life. The education fees will also go up as time passes. The returns from your investments should beat the rate of increase in the cost of education. If a course needs 15 lakhs in today’s date then it is quite possible to reach about 20 lakhs in next 5 – 7 years.

  • Invest upon Time

You must make investments on the basis of the time horizon. Your Investment options may change depending upon the number of years you want to stay invested.

Make sure that your children’s dreams come true & finance doesn’t turn out to be an obstacle in achieving their goals. Best of Luck!

More Later…

A Morning in Paris!


Paris, France.
What a lovely and breathtaking view of Eiffel Tower! You are sitting in a café nearby to the Eiffel tower and munching some tasty croissants and coffee. Paris, one of the most beautiful cities in the world, and you are standing in the heart of the city! You are climbing the beautiful monument, one of the Seven Wonders of the World…The Eiffel Tower!
You are excited to see the amazing and breathtaking view of the city from the top along with your family!
Here are some things of which you need to take care so that you don’t face any problems in your trip.
1. Learn Key Phrases
There’s a good chance when traveling internationally that English may not be the native language. Learning a few key phrases in the given language of the country you’re visiting can make a huge difference. Simple day to day sentences to strike conversations with the Local people are very useful.
2. Get Organized
Flights, train schedules, taxi locations and hotel bookings can be hard to wrangle in one spot. Get organized with your stuff to avoid confusion. It is better to make two photocopies of your important documents while you are travelling.
3. Safeguard your Health
Your trip can turn out to be super awesome only if you are fit & fine. Thus, make a point to safeguard your health & enjoy the trip to the fullest.
4. Multiple Forms of Payment are better.
Multiple Forms of Payment are better than one! A mix of cash, credit cards and debit cards is far better when you are traveling in foreign lands than using just one form of payment alone. Why? Because things go wrong. A credit card could be stolen, or a debit card may prove unreadable in France!
Bon Voyage!
More Later…

The Rising Temperature & the Market!


Hello Everyone!

May month has approached with the heat waves all over! It seems that the sun is on its highest heat peak. Similarly, the Equity Market is touching new highs.

The stock market is known for its volatility & that is the reason some people are jittery with the thought of investing in equity. With the stock market hitting a new all-time high, confusion among investors has also hit a new peak!

Some people might be excited with the rising market whereas some may be scared of a crash. Here are some tips which will help you when the market is high.

  1. Invest through SIP’s

Systematic Investment Plan is the best way to invest in Equity. SIPs don’t expose your funds to market volatility all at once. With SIPs your risks gets divided because you enter the market with a new NAV every month. This diversifies your risks & gives you stable returns.

  1. Opt for Systematic Transfer Plan Route

For an investor, looking for a lump sum investment ‘Systematic Transfer Plan’ is bliss. It provides the facility of transferring a fixed amount to equity from debt fund of the same fund house at regular intervals.

For instance: If you have 10 lakhs to invest, you can put the lump sum amount in any Debt Scheme and then transfer 1 lakh every month to the Equity Fund. This helps you to avoid the risks associated with entering in one stroke. Also, the investors can earn higher returns than the savings account on debt schemes.

  1. Review your Portfolio

This could be the time to review your portfolio. Equities need 3-5 years of span to perform thus evaluate the funds in a long time horizon. Remove the consistent under performers from your portfolio.

The uptrend is still going to continue…the equity market is meant to earn returns for you so don’t get carried away! The sun and the market, both are high & we have to cope up with it!

More later…


Time for a Break!


Hello Folks!

Summer has approached, kids have got their most awaited Summer Vacations! So what’s your plan this summer?

Everyone out there is planning to go out on a trip…some may plan an International Trip whereas some may decide to go to nearby hill stations!

However, there is still a big chunk of people who are uncertain about how to plan the vacations due to their Personal Finance reasons.

Vacations are meant for relaxing & being stress free…but on the other side, saving money to have a fun vacation can sometimes be very hectic & stressful!

There are ways to help you start planning for your Dream Vacation…and as I have always said that it is better to work on your goals before hand!

Here are a few tips which can help you in saving for your Dream Vacation…

  1. Plan out your Trip.

Planning is the base of everything you do. List down all the spots you are planning to visit, search for hotels & restaurants, your mode of travelling, your daily events. You can even google out the best & cheap locations in that area! You can save more money if you plan your trip in advance. You can book your tickets well in advance to get attractive discounts!

  1. Create a Budget.

It is very common to forget your budget & spend more than what you have saved! To prevent yourself from being completely broken after you come back, create a budget to which you can stick to. It is not possible to plan an exact amount but you should be acquainted to your limits!

  1. Be Logical.

You have to act practically…you can’t be going to Malaysia with a fund as good as of going to Goa! The worst thing is to expect to afford everything. You need to be realistic in what you can afford to avoid the financial crunch!

There are number of ways in which you can plan your vacations.

Have a Happy Vacation…Bon Voyage!

More Later…