These days India is facing deflation. I was curious to know more about it; hence I found that out and am sharing the same with you. Deflation is opposite of inflation. The definition of deflation can be put as the real value of money increases. Inflation reduces the real value of money over time. Continue reading
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EMI stands for Equated Monthly Installment. This has become the mantra for many retailers and also banks. The financial institutions are ready to give loan to buy anything under the sun and collect the amount back in EMI.
Many people think that it is a good way to possess things or gadgets. It is not a good way. It is a very bad way and if you keep doing that then I am sure you will be in deep trouble. I had the privilege of checking my friend’s repayment schedule of his two wheeler loan. To my surprise, the principal amount was not decreasing at the same rate as that of interest. Continue reading
I was reading an article regarding retirement today and this provoked me to write an article on the same. I have not planned way too ahead of my future. I have planned for next 3 years or so financially. I know this is not a big thing but for me it is. I was not having a goal as to do what and now I am happy that I have a goal and a rough plan as to what to do next.
I am sure many of you would have not bothered about retirement just like me. I am just 25 now and I think it is way too early for me to think about it. But the truth is, the sooner I start thinking about my retirement the better it will be for me. Yeah I know it is way too early to start thinking about it but it is a good move. We might think it is not necessary and we can start it at a later point of time and I am sure that later point of time will be very late. Continue reading
Today is the auspicious day according to the Hindu calendar. Akshaya Tritiya is traditionally observed as the birthday of Parusurama, the sixth incarnation of Lord Vishnu. The day is particularly considered auspicious for buying long term assets like gold and silver, including ornaments made of the same; diamond and other precious stones; and the real estate. The legend states that any venture initiated on the auspicious day of Akshaya Tritiya shall continue to grow and bring prosperity. Hence, it is normal to see many of the new ventures, like starting a business, ground breaking for construction etc on the Akshaya Tritiya Day. Continue reading
I read an article about the needs and wants. It was an interesting article. The author explains the difference between a need and a want. This is what I understood. A need is something that you can’t live without say Food and a want is something that you can afford but that is not necessary say eating at a very posh restaurant. Continue reading
Engineer's Finance 