How much should you be saving for a rainy day?

Not sure why you may need an emergency fund when you’re getting a stable income from your highly paying job, and all your family members have enough medical insurance coverage? We tell you why you might just need it below: 1. Expecting the Unexpected Your monthly income prepares you for what is expected. However, you need …

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Help your Parents get Retirement-Ready

For the first 30 years of your life, your parents worry about you. For the next 30, you worry about them! Even the idea that your parents are getting older and may need your help physically and emotionally takes some getting used to, but that’s just life! The one aspect you definitely need to think …

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Saving vs Investing

Have you heard the story of the old merchant who gave his two sons a gold coin each before he set out on a pilgrimage? “Sons,” he said, “I am giving you this money — you are free to use it as you wish. But when I return, you must show me what you have done.” The …

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All Europe. 2 weeks. 1 lakh. Possible!

A travel agent might tell you that you’re building castles in the air with a budget of Rs. 1 lakh for 2 weeks in Europe. While they would also like you to believe that they are the sole authority on how you should plan your sightseeing agenda, Upwardly will tell you how you could do …

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Changing Your Story with the Breakup Fund

That bitter moment has come when you have to accept the truth. Things have changed. The initial bliss of moving in with your boyfriend is now replaced by two strangers silently living a bad decision. Walking away is the only solution, but in this moment of heartbreak, harsh reality sets in. In happier days your …

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Emergency: Are you ready for it? 90% are not!

Financial crises, wanting to quit your job immediately, an urgent need for a large sum of money to help a relative treat their illness, being fired from your job suddenly, or even wanting to break up with a long-term partner can leave you in a state of complete financial loss. It is for these unexpected …

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The Secret Trick of Investing that No One talks about….

Looking to park your money in a safe investment product with the low risk of fixed deposits and yet gives you better returns? All through your childhood, your parents probably told you to save for your future. Which is what you dutifully do — but do you really want to be holding on to cash that may not …

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Saving Vs Investing Money – 4 Questions to Ask

As Robert Kiyosaki, the author of Rich Dad, Poor Dad, once said, “It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” Going by this, deciding whether you should save the money- or invest is an extremely important …

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Investing 101 for your 20s

When you’re in your 20s, saving and investing money are probably the last things on your mind. You’ve got your first job, and all you want to do is spend your salary on parties, gifts and dinners. But the secret to stability later in life is to start investing your money at an early age. …

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