Why Familyfinance.in Blog?

This blog has wide variety of articles on Family Financial Planning, Family Budgeting, Insurance, Money management, Investing, Child Financial Planning etc... Happy reading.

Following are the some of the Advantages of this blog :-

  • Join nundreds of breath-taking readers: RSS | LinkedIN | Google+
  • This blog provides all necessary knowledge on personal finance for family
  • It is an un-copyright blog. You can freely use the article (some posts exempt)

18 August 2017

// // Leave a Comment

Services Required Aadhaar Card in India


Government have solid plan on linking Aadhaar card to other proofs such as PAN card and Election card etc. In future, government is planning to make the aadhaar card compulsory to buy shares and mutual fund. Here we can see the 10 services that made the Aadhaar card mandatory.

1. Bank Account

Opening a bank account required Aadhaar card as a mandatory proof. Any transactions that comes above Rs. 50,000 required to submit aadhaar as a proof. Existing account holders in the bank must link their aadhaar card with the bank account.

2. Income Tax Return

To submit the income tax returns, aadhaar card is now mandatory. Government has made a notification to link the aadhaar card with the PAN card of all income tax returns.

3. PAN Card

To apply for a new PAN, aadhaar card is mandatory. Existing PAN card holders must link their PAN card with aadhaar.

4. EPF Account

Provident fund account required aadhaar card compulsory.

5. Mobile Phone Number

To get a new mobile phone number, Aadhaar card is mandatory. All existing phone numbers must link with the aadhaar card too.

6. Scholarships

Any scholarships from the central government or any monitory help from the central government required to submit aadhaar details.

7. Passport

To apply for a passport, aadhaar card is a mandatory proof. Without an aadhaar card, you will never get a passport.

8. Railway Discounts

It is mandatory to produce the aadhaar card details to get train journey discounts.

9 School Lunch

Aadhaar details should be given to the authorities in any government schools to get the lunch.

10. Government Benefits

To get benefits from the government required the aadhaar card details.Subsidies such as cooking gas subsidies, various welfare programs, applying for a ration card all required aadhaar card mandatory.

Read More

14 July 2017

// // Leave a Comment

Investment Portfolio for Beginners

Thinking about an investment portfolio is simple and interesting. But, having an investment portfolio is difficult. High degree of preparations, timely action on various factors, identifies time to do necessary workarounds regularly are some of the biggest tasks associated with the creation and maintenance of an investment portfolio. Another big deal is identification of present status, goals and instruments that meet all the requirements. Once dealt with all these, completed half way of the investment portfolio creation process. This article deals with the difficult parts when creating an investment portfolio. This would not go to cover all factors associated to the portfolio creation, but surly give a better insight to the areas where one certainly focus when deals with investment portfolio.

Portfolio creation should start with self assessment and status check. One should also get required knowledge on what it means and where, how to start. Must identify the goals at various duration and able to understand the instruments to meet that goals. Be aware about the risks associated to each and identify parallel solutions to meet such risks boldly. Here are some instruments that generally required in a portfolio, give you better idea when proceeding with.

Tax saving instruments

If you are an employee and status falls to huge tax bracket, this would be your first option. Identify best tax saving instruments that appreciate well in long time. Adding such instruments give double benefits, tax saving and growth of wealth, in the same time. Getting assistance from experts would help to identify the right instruments.

Insurance products

Naturally insurance products would be there in the portfolio. This would not work as an investment option but, work well as a protector of wealth and/or future. One should assess self to identify what insurance coverage you, family, assets required and from where to subscribe the same. Having policies like term insurance policies, medical insurance policies, protection policies against theft, calamities, protecting assets should be planned well and added to the portfolio to live good. Industry experienced insurance planners would give great assistance to analyze, identify right policies and vendors to meet these requirements.

Liquid and Debt instruments

Liquid and debt instruments have huge importance in the portfolio. Identifying the same is bit difficult, but through research and study, one can easily identify what he required to add in his portfolio based on requirements, goals and status. Having liquid and debt funds is an excellent way to meet immediate money requirement as it would work as a good emergency fund for you within a portfolio.


Gold is always a good investment. Considering its power to beat inflation and high market demand, investments in gold would be certainly a best idea. Once can invest in gold in the form of physical gold such as ornaments, bars and coins or in the form of Gold Exchange Traded Funds (ETF) or even adding gold mutual funds. Gold commodities are also a good option those who are more familiar with commodity markets.

Real Estate

Real Estate doesn't have any capability to protect against recession and it fluctuates always. However it has its own privilege of getting high appreciation time to time. Investments in real estate are a good option for those who are creating investment portfolio for long time. Have learned from the past experiences that, real estate prices are skyrocketing moment to moment. Investors can buy real estate in the form of plots, flats, individual houses or subscribe to Real Estate Investment Trust funds (REIT). Real estate investments are also a good option for those who are not getting enough sleep by thinking about raising inflation.

Equity instruments

Naturally, this is the best option for investors who have long term investment focus. In my personal opinion, none of the portfolios are perfect without having investments in stocks or stock related investments i.e. mutual funds, Exchange Traded funds etc. People may have enough knowledge to invest any of the instruments mentioned above but investment in stock required good study, research to get required knowledge first. One also considers his age, financial status, risk taking capacity when plans to move with direct equity investments. I have written number of best article in this blog to provide such knowledge to those who have real interest to become a direct stock investor.


Creation of an own portfolio is always a good decision to all future focused individuals. Right knowledge, home work, good analytical ability with getting advises from right people would add spices to ones portfolio to bring it as a big success. Having right goals for long, medium and short term and preparing a portfolio with right mix up to meet all that goals can be considered as a right one. Wish all the best to all who read this article and plan to have a portfolio as their own.
Read More

28 June 2017

// // Leave a Comment

How to Deal with a Spender Partner

Handling money issues in your relationship can definitely be a challenge. This is especially the case when you would rather save as much money as possible--while your spouse is already planning a way to spend money before payday! Keeping some practical tips in mind can help make you feel more at ease with saving a substantial part of your joint income, while making sure your partner feels comfortable expressing his/her monetary personality as well.

Maintain Multiple Bank Accounts

When you naturally have a tendency to save money but your partner would rather splurge, it's best to have more than one bank account to keep the peace. Open a joint savings account with your partner to put money aside for major expenses like purchasing a home or a car. Establish a checking account that you both have access to for the purpose of paying household bills, putting gas in the car or purchasing groceries.

It's also important to have your own savings and checking accounts. This allows you the freedom to keep or spend your money the way you see fit. While marriage is a partnership, both you and your spouse need to maintain some level of individuality in order to avoid frustration and resentment.

However, you should know few disadvantages of having multiple bank accounts:

1. Managing accounts and possible mandatory account balance maintaining would not be easy.
2. There would be difficulty to maintain different cheque books, passbooks and debit cards.
3. It may be too confusing and you may lose some money on higher fees.
4. You are required to keep multiple login credentials
5. Filing income tax may be difficult when required to show income from different sources

Talk Openly About Money

Money is often a major issue in relationships. This is often due to the fact that both parties may have pent-up frustrations about money and fail to express these grievances to each other.

When you and your partner view money differently, it's essential that you have open and honest conversations about finances. Talk about your monthly budget so that both of you are aware of how much money has to be spent and how much can be saved. When both of you know for sure where your money is going, you'll feel more at ease acting upon your financial personalities.

Be Willing to Compromise

Both you and your partner have to make a commitment to each other when it comes to money. You have to fulfill your financial obligations to one another before you can decide what to do with additional money that is left over. For instance, as a natural saver, you will probably want to keep all the extra money in the household account. However, your spouse may want to purchase a new piece of furniture or take a vacation.

Take your partner's wants into consideration, the same way you'd want him/her to do for you. Realize that a vacation may be a necessary stress reliever for your mate, and that a furniture purchase may be important to your spouse for improving the look of the house. Keep in mind that money is often a representation for a school of thought.

Your reasons for saving may come from the fact that you don't like taking risks. Your partner likely doesn't share that sentiment. Be willing to compromise so that both you and your spouse feel validated when it comes to money.

Celebrate Your Spouse's Financial Strengths

Even though you may not understand or agree with your mate's tendency to spend money quickly, it's important to celebrate what you view as an impulsive trait when the purchase is beneficial. For instance, if your spouse splurges on a birthday gift for your child that your son or daughter really appreciates, thank your partner for creating a fond family memory.

When your better half buys a car that will serve the needs of everyone in your family--in your favorite color--express your gratitude. Remember that there are benefits to spending money, and you should reaffirm your spouse when he/she spends the money wisely.

Here are some very useful tips to deal with such situations:

1. Make sure that you both understand the difference between your money attitudes
2. The saver needs to know that he/she is saving enough money off the top to ensure financial security
3. The spender needs to know that he/she can still spend and enjoy life without sabotaging financial security. 
4. Having a money agreement between you would be a fantastic idea. Creating some structures and boundaries would help each other in a better way.
5. Know that your kids learn the value of money from you
6. Be proactive - Set an agreed budget for each month is a tool to solve issues between spender and saver.
7. Compromising things are another tool and appreciate when your partner doing something good with the spending habits.

Read More

21 June 2017

// // Leave a Comment

How to Manage Money Efficiently

Obscure notions about derivatives and dividends are all good in the globe of high-stakes finance; however, they have meager practical application for the standard family’s bankbook. That is why actual world, self-explanatory money management tips function best for people who want to rationalize their personal finances.

It is hard to understand the benefits of proper money management. Certainly, people who manage their money effectively have a softer ride in life than people who let their money to control them. For sure, the sheer amount of choices about what an individual can do with their cash or income makes the thought of ideal money management easier assumed than done.

However, after analyzing the personal finance landscape and sorting through the countless options, some useful and good ideas and tips always present themselves. With that noted, below are some simple ways to manage your money successfully.

Use a debit or credit card more frequently

Using a credit or debit card is a handy method to keep purchases track. It abolishes the need for bulky money management computer software since all purchases are listed in a bill during the end month. Those who decide to pay off credit cards on time frequently receive bonuses in the form of travel rewards and discounts. The important part is that the capacity to pay for purchases using a debit is just going to develop in the future, as consumers and merchants’ services including PayPal are planning serious expansions in the coming future.

Stay on peak of your wealth

This is among the area where money management computer software or a spreadsheet is an obligation. Having a comprehensive total of your worth minus debtors will let you manage your monthly budget better, as the two has close relation. Failure to maintain your net worth track, could cause increased debt without you knowing until it is out of control.


While it is factual that fiscal markets have not been the stability model over the past few years, it is vital not to ignore them completely. Some part of a person’s savings should be in the market always. The best thing is there is not a must to review daily stock reports, since simple mutual funds will solve everything. The benefit of investing in mutual funds is that it allows you start small and see your money compound over time.

Allocate some money for emergencies and expenses

It is unavoidable that unpredictable expenses will occur eventually. When compounded with ordinary bills for example house and car payments, these extra fees can really strain your income. This explains the reason of setting aside for both expected and unexpected expenses. A plain savings account will offer enough of a profit on interest to make the allocation of some cash each month worthwhile.

Diversify your income stream

Currently it has been difficult to undertake a second or a third job, and diversify your revenues. Most of the people use the internet to generate cash by investing, blogging, or promoting a private website.

There are several options available in the cyberspace for extra income, and everything can be executed from your own home privacy. Having at least one source of income is highly recommended for people having financial pressure. 
Read More

14 June 2017

// // Leave a Comment

Why Should You Start Investing Early

Youths of 18 and above age are supposed to set their aims and objectives for their future days, hence the early investment plans for the people of this age group comes into picture. Treading this path can help in preparing the youths for the coming future.

Investing for the earlier life renders good amount of time for your investment in order to evolve and enjoy the compounding benefits. Well if you do not know the idea of compounding, it is nothing but the interest gain, which is simply added over their principal amount in order to save the money and it will end up giving you another interest in the long term.

The more you are able to invest in the earlier stage the more is the number of opportunities of winning the financial success at the later stage of your life. Before you think of putting into any investment option, you should explore a number of benefits related to the same. Well, how about checking a number of benefits of Early Investment Plan for Youth as under:

Compound Growth

If you are saving money at a very young age of 18 you have two option of growing your invested money, which either comes from the regular contribution or the ones that comes from the accumulated growth generally known as compound interest in the earlier savings.

As you have put money in the young age, you have more number of opportunities of collecting tax free investment most especially if you base your investment plan over Registered Education Saving Plan. This is a good option for growing your compounding.

By saving early you gain more

As said above the more early you start the more time your investment would be giving you at the end. This simply justifies that as early as possible you are supposed to set up your plan and goal for your early investment.

Get smart security with maturity or at the later stage

 By putting your money is simply like building blocks of your solid gold inside your piggy bank. When you are seen growing old and planning to put your life apart from your parents, you should think of digging your hoarded gold over your piggy bank.

Find good amount of flexibility in order to invest in high risk luxury and find higher returns

Once you have put your money at the younger age, the longer term of compounding investing would end up generating smarter returns on your saved money.

Reinvestment and get more amount of returns and gains

 This can be called as one of the best benefits you enjoy in your earlier investment the money you get at the retirement is usually made up of growth and returns over these returns. The gained return can be easily reinvested and can end up getting more gains.

Final word

 Hence investing early, you end up listing out a number of important benefits, which you should know before planning out for the early investment. Hopefully with these listed out benefits you can end up putting your money in any of the desired option.
Read More

10 June 2017

// // Leave a Comment

best personal finance advice

You work day and night to earn money. You spend a lot of time and use many tricks to save your money. Having money in your account at the end of month or year can be so good. It is a great feeling when you have money to spend on an emergency or a vacation. It has been noticed that most of the people start with nothing in hands. But they used to save money by adapting different personal financial tips and lessons and become successful in life, free from any kind of financial tensions and worries. Today, we will tell you some of the tips, lessons, and tricks that you should learn now for better financial planning; these advice will help you in saving money.

1. Set A Goal and Achieve Through ‘Divisibility’:

The most important trick to save your money is to set some long and short term goals and break them in short steps. Short term goals are the ones you want to achieve in a month or year. For example your short-term goals may include saving the money to buy something in less than a year. Long term goals are more than five years. For instance, you want to save money to buy a house or want to save for your retirement.

2. Make a budget:

Yes! Making a monthly or weekly budget will be very helpful to save money. To set up a good budget, first you have to keep a track of everything you spend in a month. Once you know where your money is going, then you will find those areas where you can save it by making cuts. In this way, you will be able to put a lot of money in your saving account.

3. Pay Cash And Get Your Credit Cards Paid:

Paying cash for everything is a great way to save your money. If you use credit cards, then try to pay all your money in the beginning of a month. Most people do not have any idea how much they are losing as interests on carrying balance on the credit cards they use. Best way to save money is to pay through hard cash.

4. Find out cost-cutting tricks:

There are always some tricks that you can learn to cut cost on every expense. For example, if you want to go out for shopping, then try to buy things from a place where you can get discount. If you want to buy grocery then select a shop where there are items on sale. This way can also help you to save money.

5. Prepare for your retirement:

Saving money for retirement is really necessary. People face many problems when they get retired and their firm does not give them any pension. So, try to start saving right now for your future.

Final Words:

These are some of advises and tricks you can apply to save money. By implementing these advice in your life, you will definitely keep a lot of money in your saving account.

Note: This is a guest article.
Read More

08 June 2017

// // Leave a Comment

Top 5 Business Movies all The Time

Do you think any commercial movie can influence young business students or entrepreneurs to build their level of knowledge or skills? If you not, you are wrong. There are such wonderful movies which can motivate anyone in the sense of business success or pass some wonderful ideas. Here is a list of 10 movies in this kind that anyone rolled out from business schools or entered as new in business school must watch.

great-business-movies1. Gung Ho (1986)

Directed by Ron Howard and starring by Michael Keaton and Gedde Watanabe, Gung Ho was made when Japan start showing the world about how to make better products.A Japanese auto company is persuaded to take over an abandoned factory--and abandoned U.S. workforce, in a small rust-belt town in Middle America. Alas, this wonderful idea for a culture-clash comedy goes pretty much to waste in Gung Ho. There's a trumped-up crisis in every reel, and a great deal of double talk about whether the Japanese are workaholic freaks or the new, true inheritors of the old American get-up-and-go. This movie recommended by Joseph Thomas, Dean of Johnson Graduate School of Management.

famous-business-movies2. The Social Network (2010)

Directed by David Fincher and starring by Jesse Eisenberg and Andrew Garfield, The Social Network shows how the colleagues of Mark Zuckerberg laughed at him when he came with an idea for social-networking site which later made him a billionaire. This movie shows the true mindset of millionaires. Zuckerberg presents the most intriguing personality in the movie. This movie recommended by Bob Dammon of Tepper School of Business along with James W. Dean Jr., Dean of Kenan-Flager Business School.

business-movies-to-watch3. Wall Street (1987)

Directed by Oliver Stone and Starring by Michael Douglas, Charlie Sheen, Wall Street is a story about an impatient young stockbroker tries to rise to the top by adopting the credo "greed is good" from his mentor, only to find his life falling to pieces in the process. This movie recommended by Bob Dammon of Tepper School of Business.

business-movies-for-managers4. The Godfather (1970)

Directed by Francis Ford Coppola and Starring by Marlon Brando, James Caan, The Godfather is one of the greatest business films ever made. It is about Francis Ford Coppola's epic masterpiece features Marlon Brando in his Oscar-winning role as the patriarch of the Corleone family. Recommended by Paul Danos, Dean of Tuck School of Business and Robert F. Bruner, Dean, Darden School of Business.

top-business-movies5. House of Strangers (1949)

Directed by Joseph L. Mankiewicz and starring by Edward G. Robinson and Susan Hayward, House of Strangers is a movie about Micro finance. Based on the novel "I'll Never Go There Again" by Pulitzer prize-winning playwright and novelist Jerome Weidman, who wrote about the immigrant experience in New York City in the early 20th century, particularly the Jewish immigrant experience. "House of Strangers" is sometimes called film noir, probably because of Max's subjective, introverted perspective of the corrosive Monetti family dynamics. But this isn't even a crime film. Its strongest elements by far are Greek Tragedy, but "House of Strangers" is also part immigrant experience and part romance.

Read More

06 June 2017

// // Leave a Comment

Does Your Family Enjoys Financial Freedom? Read This Points and Compare

Does your family enjoys the real financial freedom? Here are few points to compare. These are the points mandatory for those who wish to have financial freedom in all times.

1. Do you have a family budget and living in budget? Need to create a family budget and live in it. Such budget should be created by adding all the required elements. Check this article to know how to create a good family budget that really works.

2. Emergency Fund - Are you ready to face any unseen events that happening to you or any family member? i.e. unexpected illness, accidents, job lose etc.. Check whether you have an emergency fund in place and that equal too your 6 months expenses, at least, to face such unexpected events.

3. Are your family members safe in case of the death of the bread winner? Ask whether you have a term insurance with sufficient amount in place for the family to safeguard from unfortunate death of the bread winner.

4. Do you want to run for money when there are any short or long period hospitalization? If so, you need to think about the medical insurance coverage for the family with sufficient sum assured. An emergency fund also required to created to protect from such events.

5. Does your kid has a piggy bank? If not, educate them the requirement of saving money and making transactions and purchases. This would help the kids to grow with necessary financial knowledge and wisdom.

6. Is your family members involved when making major financial decisions? If not, it is required to engage everyone in the family to take suggestions. Some time a 10 year old kid can provide better suggestions. A talk on family matters in the evening would be a viable option to everyone to know what is financially going on in their family.

7. Do you have a list of investments and other money related activities and shared with your family members? If not, it is mandatory a second person know about your accounts, investments and other money related activity. You also need to ensure each investment and accounts have a nominee and KYC registered.

8. If you have taken loan, do you have enough coverage in case of your death? If not, term insurance for bank loans should be applied and that would help the family members from huge loan burden in case of the death of primary loan holder.

9. Are you able to re-pay your credit card spending in each month? If not, you are using your credit card without control. You need to control the credit card spending only for emergency services or purchases that would add point to you each time the card use. Credit card debts should be pay-off each month to avoid money lose through penalties and interests.

10. Do you have a disciplined investment plan? If not, start investing at the earliest regularly. Starting SIP (Systematic Investment Plan) with mutual fund or even stocks would help to meed your goals such as child education, marriage, buying a home, retirement etc. You can visit to a personal financial planned to identify the best investment that suit to meet all your goals time to time.

11. Do you have a retirement plan? If not, a plan needs to be made and act to achieve the goal. Investments for retirements should start from the day your first pay check receives.

12. Have you co-signed with anyone? If you have co-signed with anyone as a guarantor for loans etc., try to move out at the earliest. Never be a guarantor for anyone and never give a blank signed cheque to anyone. Both will not only hit back but also may land in jail.

13. Do you have a money losing habits? If you have habits such as smoking, drinking etc and regularly, it is a black hole in your personal finance to lose money little by little and regularly. Stopping such habits would give you an opportunity invest that money regularly in somewhere.

14. Finally, do not have pile of cash in your hand. This would tempt you to spend money for unnecessary wants.

Compare the above points and make necessary decisions to confirm you and your family enjoying financial freedom.
Read More

05 June 2017

// // Leave a Comment

Personal Finance for Housewives - How to Have Financial Freedom

Personal financial planning or money management is not limited to any group. This can be practiced by anybody including children, school and college students, teenagers, housewives, married couples or anyone who want to get control over their money. It is proved that women can manage their finance better than anyone if educated.

In this article, we are discussing 20 magic personal finance and money management ideas for housewives to become more practical and serious when dealing with personal finance, money management and investing. Please read completely and let me know if you found anything missing in this article or give value if add so.

1. Educate Self

Start educating yourself about personal finance and money management. Having decent knowledge on how personal financial planning works would help you to avoid critical errors. There are several methods to get enough wisdom on money management. There are lots of books on personal finance available and also can find lots of materials in the net to educate yourself well.

2. Set Your Financial Goals

The best way to plan your finance is through setting financial goals. For example, if you want to buy a house in five years, this may be the most important goal that you have right now. It would help you to focus on possible channels to secure money for that goal.

3. Know the Core of Saving

"Spend less than what you earn". Build good money spending habits put you to the comfort zone. Searching in this blog may gives you bunch of nice articles on how to save money from possible areas.

Here are some idea on saving money:

1.    Define and follow budget
2.    Purchase food items such as vegetables and fruits only its respective season
3.    Borrow/rental and return any items than purchasing it for short use
4.    Never purchase items just because you ‘want’ that
5.    Electronics items are best to purchase after few months of its original launch.
6.    Items using in season such as cooler, heater etc.. should be purchased well advance before the season arrives
7.    Never purchase items with borrowed money
8.    Think to buy the items after a or few days. You may sometime change your mind and leave that purchase interest.
9.    Items with resale value are best to select and buy.
10.  Purchasing any items that you already have need more attention on the durability.
11. There are better items than branded items in the market. Think to purchase that.

4. Make Your Own Emergency Fund

Emergency fund meant to protect you from unexpected money requirements. Thus the importance of having an emergency fund is mandatory. Here are some beautiful advantages of having your own emergency fund:

1.   You are able to financially back away from the edge of a cliff
2.    Helps you prepare for life’s unpredictability
3.    The emergency fund saves you money
4.    Emergency fund protects your investments from stopping it prematurely
5.    An emergency fund gives you the chance to be involved in other people’s emergencies
6.    Emergency fund also stops you from borrowing high interest loans.
7.    Psychologically, you will feel safe and can lead a peaceful and happy life.

5. Ensure Your Involvements to Day-to-day Money Planning 

Have right authority to take money management decisions at home. An average person anyway makes between 1 and 6 financial decisions a day. That's a lot of financial thinking. Ensure you are playing fair part on such financial decisions to understand better on what is happening.

6. Don't Take the Responsibility of the Debts

Regardless of what relation you have with a person, never take the responsibility of their debt than just morally supporting them to come out of debt. Never ever be a guarantor for anyone who taking loan from banks or from any financial institutions. Its a killer mistake.

7. Always Set Aside a Part of Earning as Your Own

Never contribute your entire earnings to the family fund or to the hand of anyone. This can be utilized as an emergency fund as said earlier. This would also help you to make necessary investments and other similar future focused investing decisions.

8. Have Your Budget Always in Place

Think and construct a right budget and be disciplined when dealing with it. You can read this well described article how to create a family budget to understand the process and other details very well. Do necessary changes and make it as your own.

Here are some of the major advantages of having your own budget.

-    Budgeting gives you control over your money to a great extent.
-    Keeps you focused on your financial goals
-    Makes you aware what is going on with your money
-    Helps you organize your spending and savings
-    Makes you decide things in advance
-    Enables you to save for expected and unexpected costs
-    Provides you with an early warning for potential financial problems
-    Helps you determine if you can take debt and how much
-    Enables you to produce extra money by avoiding late fees, penalties etc.
-    Budgeting also makes you to take control over your debts
-    Quality of your life and financial status would improve to great extend

9. Spend Some Time Each Day

Women should identify and spend some time in each day to make money management decisions. If you don't allocate time to manage your money, you won't have any money to manage.

10. Learn and Practice Money Saving Tips

With the help of internet, you can collect money management tips and practice the most relevant tips to you. This would let you save lots of money slowly but steadily. You can read my post "Master Money Saving Tips" go get exact idea on what it meant.

11. Use Lend Your Personal Items

Your car is a best example for it. Others never care like you and generally pay little attention whenever uses any items from others. So it is better to not give or lend your items to anyone.

12. Never Miss Investing Opportunities

Investing do not required huge money ready in hand but can start as little as possible. Investing should have right goals and time frame. This would help to select the right investment instrument ti achieve  that goal.

Here are Some Advantages of Investing:

-    You can start investing with less possible amounts
-    You can have a mix of investment instruments suit to your various goals
-    You can select investment candidates based on your age, risk tolerance
-    You can take the huge benefit from the power of compounding interest
-    You will be a step ahead from everyone on financial independence
-    You will get benefited from tax free advantages such as dividends, tax free gains etc.

13. Be Your Own Boss

Advises available free from everywhere. Each and every person around us has advise and suggestions about money and its management. If you have money, such people always hang around you with lots of advises and suggestions. You can certainly listen to others, but final decision should be always yours on your money. Remember to not take advises and suggestions blindly from others, but be careful to choose the best and avoid the rest.

14. Don't Lend Money

Never be available for anyone to approach you easily to lend money. Should have the gut to say a 'no' if someone approaches to ask money from you unless it is necessary. Have a habit of never lend money and never borrow money.

15. Never Co-sign With Any Documents.

For an example, if a friend, relative or a family member approaches you to request co-sign with them for a loan, fearlessly say a big 'no' to them. If not do so, when he default the loan repayment, you would be responsible for that. Do not take unnecessary headaches. Remember, being a social animal you should hold individualism at least in your personal finance matters to avoid issues.

16. Never Fall in Debt.

Control your credit card use for purchasing and pay any bills in time to avoid money lose buy penalties. If you are already in debt, prefer to get out of debt first. When having debt, no financial planning would work for you. Read my article Simple Guide to Become Debt free for more details.

17. Always Consider Bargain

Study shows women are 3 times better than men to bargain things. Their interested areas like shopping etc.. highly require bargaining ability to save lots of money than who not willing to bargain but pay what the shop owners ask.

18. Be a Mentor to Others.

Educate others in the family about money management, especially your children. Sharing experience and educating others would enhance your skills and helpful to get more knowledge.

19. Generate Additional Income.

Identify the possibilities of generating additional income using your free time. Play homes, beauty parlor, home tuition are best suitable streams for women to make plenty of money.

Below are two well written articles in this blog that give you better ideas on:

-    Active passive income streams generation ideas
-    Home Business Ideas for Housewives

20. Learn From Mistakes.

Mistakes can happen at the beginning. It is so common. However, don't let them hobble you.


The Internet has created an incredible resource to get information 24 hours a day, 7 days a week. Use it. Consider speaking with a professional financial planner. Check out good and reputed Web sites to take advantage of their financial tools and calculators which would help you to understand your present status and plan better for future.

Hmm... some of us have even more better tips for our women. Don't forget to those tips here as your classic comments!
Read More

01 June 2017

// // Leave a Comment

Best Ever Career Advice for Indian Students and Youths

Please read carefully. It has lots of tips for you.

This article intend to college students of final year degree, PUC passed students, private employees and people searching for jobs.

Please note, this article is not to advice any career path to you, but  gives an idea to get a superior career that is for lifelong and safe. Here are few points you must think about, before reading the original advice.

Points lead me to write this article are:

1. I am bored with my IT career and feel pity on how I missed a beautiful career in my good age. So you can consider this is an advice from my life experience.

2. Glamour of IT jobs are sinking due to the arrival of new technology that required you to update the skills frequently. Don't you think it is a real pain? Automation and artificial intelligence may reduce the IT job opportunities in future.

3. Everyone preferring or parents compelling their children to become doctor or engineer. Lakhs of pass-outs in each year and where is the good job for all? Chances are limited. Bangalore is popular for 10th pass students seek admission only to the Commerce and later B.Com. So you are also going to get lakhs of Commerce graduates later.

4. Private sector do not have any job security and after retirement a private employee has to find his own way to survive. Saving from job time is not applicable for most of the people. Time flexibility also nil and thus badly affect work life balance of people.

How to find a career that safeguard your life for all time.

1. Each of your state have a Public Service Commission websites that frequently post jobs available in the state government departments.  Tap this opportunity.

2. Focus for the lower level examination like Lower Division clerk to the government. Getting a government job doesn't require much pain. Focused study of 3 to 5 months (not full-time), you will land up into a job that millions of people like to have.

3. Qualification for the LD clerk exam is most time the PUC or +2 pass. Second year PUC students and final year degree students  can easily apply for this. However, it is important that you must join a good institute for a 1 or 2 month long exam preparation training and that is mandatory. Read the syllabus from the notification and prepare as per that. This is the only requirement to get a government job. Think you have a government job ready immediately you are getting graduated!

4. Once you got a government job with any department, remember you are safe. You even not need to worry about your retirement because the government will take care of that for you. Tell me what after retirement benefit you are going to get from a private organization for life long? If so, looking for an IT career is really foolishness right?

5. Once you are in government job, you can slowly look for the right job available as per your qualification and with different departments. Government employees have quota to other government positions. So if you are an engineering graduate, it is easy for you tackle an LD clerk job and later move to a government job suitable to your qualification with quota available.

6. I still wonder people running behind hot jobs in private sector just because of money in mind. However the reality is, government gob will give more money and benefit for long run!.

7. Not only state government, you have Central Government options from UPSC, Railway, Government Banks, Postal Department and a lot to select and write the exam. Think practically than time focused.

8. Getting a government job never stops a person to prepare and attend for another government job exam.

9. Still not convinced, you are welcome to the crazy world of private employers and so called 'corporates' with lots of miseries, troubles and pain and your efforts and studies will finally give you no results than just a pink paper.

Now tell me whether it is a best advice or not?

Read More