An emergency fund implies creating a kitty that is easily accessible in case of a health-related emergency such as hospitalisation, dental procedure, etc. or any other contingency such as a job loss. The amount allocated towards emergencies should be sufficient to tide over a cash crunch and deal with contingencies. It’s advisable to allocate about 3-6 months’ salary/ income for emergencies. If you are single, you could allocate a lower amount (three month’s income); if you are married, you must allocate a higher amount (six months’ income if married without children; 12 months’ income if married with children). Invest your contingency funds in liquid investments (which can be easily and quickly encashed when an emergency arises). Suitable investment avenues are savings account, flexi fixed deposits, liquid mutual funds, etc. Investing these amounts would ensure that they earn some returns till they are needed. … [Read more...] about 3 critical steps to take before you start investing
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The feature is still in its development stages and will take some time to roll out. The report also mentions that chat sync from iOS to Android, or vice-versa, is not yet confirmed. WhatsApp was previously working to convert the iOS database to the one compatible with the Android format. … [Read more...] about Upcoming WhatsApp feature will let users sync chat history across platforms: Report
It is important to be debt-free. Having to pay EMIs when your income stops is like retiring with a millstone around your neck. By no stretch can you call it independence. Plan your independence day such that you repay your debts by then. A lot of forethought goes into spending only as much as you can afford. Hence, the need to borrow would be limited. … [Read more...] about How much money do you really need to be financially independent?
The case relates to one Gurulingappa Savadi, who died in 2001, leaving behind his two sons, two daughters and a widow. A year later, his grandson filed a suit for partition of the family property, leaving out his two aunts, i.e. daughters of late Savadi. The aunts went to court seeking their share in father’s property. The trial court’s decision came on August 9, 2007, almost two years after the Hindu Succession Act, 1958, was amended. … [Read more...] about Daughter entitled to equal property rights under Hindu Succession Act: SC
An investment from Kirin or other investors would help Bira which has made losses in recent years and been hit by the coronavirus pandemic, just like the rest of the beer industry. It has said it aims eventually to list on the stock market. … [Read more...] about Indian craft brewer Bira in talks with foreign beer makers over possible stake sale