Friday, Oct 30, 2020 | Last Update : 04:37 AM IST

Adhil Shetty

When we take a loan, we assume that we’ll keep generating income that will help pay off the debts as planned. But situations such as a loss of job, loss of income, and health problems can throw a spanner in the works.

Money talk: What to do when paying EMIs becomes a struggle

Before you incur debt, especially a large, long-term debt such as a home loan, you need to take two measures to protect your finances.

09 Dec 2019 1:23 AM

Financial goals help you find focus in your financial life. These goals tell you how much and by when you would require money at any life stage.

Know if you are: Financially complacent

The going may be smooth for you now, but it may not be so forever. Complacency can hurt you financially.

18 Nov 2019 2:16 AM

October 10 is World Mental Health Day. This is an opportunity to take stock of the impact our mental health and financial health have on each other.

Mental Health and Wealth Management Go Hand In Hand

As World Mental Health Day gets closer, let’s understand how the two impact each other.

07 Oct 2019 2:11 AM

Buying a house is the biggest aspiration for an Indian. As per the 2019 Aspiration Index survey, the biggest life goal of Indians between the ages of 22 to 45 is buying a house. Even for Indians in their 20s, long-term goals — which were defined as buying a home and saving for their children’s education — were found to be the most important.

How to purchase a house in your 20s

A rupee saved is a rupee earned — and you will need every one of those rupees when you are trying to buy a property.

02 Sep 2019 1:22 AM

There is no doubt that this is a tough time for the Indian economy. Growth has slowed down to rates not seen since 2008-9. Consumption has fallen. Businesses have been pushed to the brink.

Get ready to face macro headwinds

Here are some steps to fortify yourself before you experience ripple effect of slow economy.

26 Aug 2019 1:15 AM

There are several common misconceptions around credit card debt. Just as with any kind of debt, you must educate yourself about credit cards and the best ways to use them.

Use credit card wisely to stay away from debt trap

If you find yourself pulled into one where you are unable to settle your dues, here are some mistakes you should avoid.

12 Aug 2019 1:24 AM

Your credit score is a three-digit, numeric expression of your creditworthiness. It is measured by credit information agencies such as Experian and CIBIL and ranges from a low of 300 to a peak of 900.

These things do not hurt your credit score

So let’s take a look at several things that don’t impact your credit score.

17 Jun 2019 2:12 AM

A term insurance policy is a working person's preferred financial protection instrument.

Do senior ccitizens need term Insurance?

A term insurance policy provides low-cost life coverage with no investment benefits. Any person who meets the eligibility criteria can purchase one.

20 May 2019 4:45 AM

As per earlier the EPFO rule, all employees who qualified for EPF deduction were required to contribute at least 12 per cent of their salary, i.e. basic plus dearness allowance (DA).

Do new EPFO norms mean more pension?

The pension is calculated as the number of years in service multiplied by last drawn salary and divided by 70.

13 May 2019 4:38 AM

It’s mandatory by law to own a third-party insurance for your vehicles. Third party is any party apart from you or the insurance company that may suffer damages due to an accident caused by your vehicle.

What all will your car insurance not cover?

Looking at some common exclusions from motor insurance policies.

06 May 2019 6:59 AM

You can avail a top-up of Rs 40 lakh. Interestingly, with a deductible of Rs 10 lakh, this additional coverage of Rs 40 lakh will cost you upwards of Rs 8,200 per annum.

Health coverage of Rs 5 lakh

It’s not that difficult to secure your family’s medical needs for the foreseeable future.

29 Apr 2019 2:46 AM

Travelling abroad for a vacation or something else requires an elaborate planning. Of this, money management in the foreign country is one of the most important issues that you might have to decide before leaving the country.

Travelling Abroad? How to choose between cash, travel card and travel credit card

Travel credit card offers many add-on benefits such as travel insurance, airport lounge, reward points, etc.

22 Apr 2019 1:55 AM

You may depend on your kids in your old age, but it would strain the finances of nuclear family.

Do you believe in retirement myths?

Retirement planning is the most important aspect of financial planning. It should begin the day you start earning.

15 Apr 2019 1:38 AM

Equity investing has provided exceptional long-term returns. In 40 years, the Sensex has effectively delivered a compounded annual growth rate of 16.09 per cent.

Why equity should be part of your portfolio

Equity investments are key for the capital creation in the country and would directly benefit from the progress of the economy.

08 Apr 2019 1:41 AM

With the new fiscal year beginning today, let’s see how to rejig your finances.

Clean up your finances in April

Don’t postpone investment decisions to the end of fiscal, you need to begin the process to avoid buying bad products.

01 Apr 2019 1:42 AM

The AY for 2017-18 is therefore 2018-19. Tax returns normally need to be filed by July 31 of the AY.

Don’t miss the belated returns filing deadline

Missing the belated income-tax returns deadline can put you in deep trouble as the I-T department may send you a notice and take action against you.

25 Mar 2019 1:24 AM

There's a major contradiction here. Women are no longer immune to the aspirational wave that defines our times and hence are taking the lead in investing for their family's welfare.

So why aren't they Insuring?

Women are no longer immune to the aspirational wave and hence are taking the lead in investing for their family's welfare.

11 Mar 2019 7:09 AM

Many taxpayers donate one day’s salary or part of their income for noble purposes but do not declare these donations in their tax returns.

Unusual methods to save more tax

The income law gives many non-traditional options to save tax. Here are some ways to raise exemption bar.

04 Mar 2019 2:43 AM

A term plan is typically a pure insurance plan with no investment benefits, surrender value, or maturity benefit.

How to buy a fully loaded term insurance plan

Insurance is one of key components of financial planning.

25 Feb 2019 6:30 AM

Under Section 80D, the limits are Rs 25,000 each for self and dependent parents, provided that both parties are under the age of 60.

Pay zero tax for Rs 10 lakh income

If you consider the value of other deductions available to you, you can come to zero tax even from a much higher income

02 Feb 2019 1:44 AM

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Dilip Cherian