Tag

Saving
Psychology of Saving
Building wealth is a goal that many people aspire to achieve. Whether it’s for financial security, achieving dreams, or enjoying a comfortable retirement, the act of saving plays a crucial role in this journey. However, the psychology of saving goes beyond mere financial strategies; it delves into the intricate workings of our minds and the...
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Retirement Planning
Whatever may be your current age and financial position, you never know what’s in store for tomorrow. If you aren’t sure about tomorrow, can you be sure that what you’ve saved for retirement will see you through till your last day? Both life expectancy and medical costs are on the rise and you don’t know...
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Investing and Saving
Imagine a 50-overs cricket match in which #6 batsman walks in to bat only in the 5th over. His job is to first ensure he does not lose the wicket, and then focus on scoring runs. While saving is a must for investing, it is important to save one’s wicket in order to be able...
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We live with the conflict between reality and aspirations. Aspirations are becoming more prominent. Ideally saving up first and buying later is the way. In case we buy today and pay tomorrow, necessarily means we are not eligible to buy today, as we may not have money. Buying on EMI has the following flaws- Paying...
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