Category Archive For "Personal Finance"
Financial Freedom
Financial freedom is very subjective and depends on how you define it. Before achieving financial freedom you must define it. What does it mean to you? For some financial freedom is to have an early retirement, for some, it is to be able to choose the career path they love even if it pays less. …
Forgot to submit tax proof? How to still claim the benefit?
A good understanding of requirements, benefits available, how to claim them and importantly how to plan to utilize the benefits under the IT act will ensure that the tax paid is the minimum and thus maximize long-term saving of money. The Income tax act considers all earnings of a person as income and taxable unless …
Don’t buy life insurance just to save tax, make sure it’s right for you
As April comes your planning starts for the new financial year. With your increment letter in hand, you start strategizing the investment steps needed to minimize the tax load. After all, your toil and hard work need to show up in your wealth. But, spare some time to plan well. Term insurance can help you …
When to Choose a Debit Card vs a Credit Card
There is no right or wrong answer when the question is to choose between a credit or debit card. All that matters is whether you have understood the pros and cons of each. Most of the millennials are opting for debit cards over credit. However, credit card users say that others are missing on the …
Top 5 Things To Consider Before Buying Life Insurance
Life insurance is an investment to secure the financial stability of your family, in the event of your untimely death. Most Indians prefer taking a life insurance policy because of the triple advantage it offers – savings in tax, investment, and life cover. Life Insurance is a long-term contract, and the insurer has to be …
Things To Check Before Buying A Health Insurance
The illness of a family member causes a great deal of emotional and financial stress. With rising costs of medicines and healthcare facilities, an illness of a family member is enough to use up all the savings of a family. Health insurance policy helps to cover the hospital expenses and medical bills arising due to …
What Kind Of Deaths Are Not Covered By A Life Insurance Plan
Life is unpredictable, and we never know what is going to happen in the next moment. Life insurance is the best way to take care of the financial needs of your family upon an unfortunate death. Term insurance is the most efficient plan preferred by most of the policyholders. The policy delivers a lump sum …
Don’t fall for guaranteed life insurance plans
Insurance is a popular tax saving instrument and should be a part of financial planning and goals set. However, buying guaranteed insurance plans in the last minute to save tax is not a solution. Insurance was nationalized, and institutions like IRDA ensure that insurers are being regulated and monitored. But there are no similarities in …
How to Save Taxes on Health Insurance
If you are planning for your tax saving, then a good option would be to invest in Health Insurance. Not only does it reduces your taxable income but also, provides you protection against the rising medical expenses. How much deduction can you claim for premium payment? If you are a senior citizen (age 60 + …
Surprising your partner getting too expensive? Not anymore!
Happiness is an unexpected present. Surprise your partner with something they want and let them know how special they are. Nothing like looking into the eyes of your loved ones when you surprise them with their most longing gift. Gifts for her Astonish her with a 1 Carat Solitaire Ring costing around Rs 1.35L today, …
Prateek Mehta
Simplifying Personal Finance | Co-founder & CEO, Upwardly.in | Runner | Father | Learner
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