In today's post I will try to explain you about the meaning of "Mental Accounting" and how it can affect your financial life. Mental Accounting is basically a concept of "Financial Behavior". Which explains human tendency towards money during special situations.How to identify that you are … [Read more...] about Mental Accounting-Are you suffering from it?
Archives for February 2012
Interest free Loan or Concessional Loan from Employer-Is it worth to take?
It is always believe to be a good option to take Interest free loan or concessional loan from employer. But before going for this facility check the taxability aspect too. Interest part of that loan is chargeable to tax as Perquisite. It is taxable on the following basis.Step 1. Find out the … [Read more...] about Interest free Loan or Concessional Loan from Employer-Is it worth to take?
Swing STP (Systematic Transfer Plan)-New Facility by Mutual Funds
Today I will make you familiar with the new option launched by one of leading fund house of India called "Swing STP". It is actually a way of investing in Mutual Funds by following the concept called "Value Cost Averaging".In normal SIPs which is also called "Rupee Cost Averaging" you invest … [Read more...] about Swing STP (Systematic Transfer Plan)-New Facility by Mutual Funds
Retirement Planning-Read fully before neglecting
Today I want to discuss with you one of the must have plan of your life and most neglected goal of all. To our younger generations who are around the age of 25-35 yrs of age, when someone speaks about Retirement Planning, their first reaction is "ha ha....retirement planning at this age? who knows … [Read more...] about Retirement Planning-Read fully before neglecting
Mutual Fund-How to select it?
When you thought to invest in mutual funds and try to search for fund then you may end up into 1000 of funds. Which makes you into dwindle position in choosing funds.So, I thought to help you in this regard and try to make you familiar with few new terminologies too. When you decided about the … [Read more...] about Mutual Fund-How to select it?
Bank FDs-Is your Bank have Deposit Insurance and Credit Guarantee(DICGC)?
In India each person have at least few thousand rupees as investment in Bank FDs. Because this is treated as safe heaven of investment since history. But have you ever thought what will happen if your Bank become bankrupt? Who will pay you back and how much you get?To protect depositor, RBI came … [Read more...] about Bank FDs-Is your Bank have Deposit Insurance and Credit Guarantee(DICGC)?