There can be many more steps in personal finance audit (like checking if returns earned are in line with assumptions or not, etc.). But this is a good start. Frankly speaking, an audit is a fancy way of describing an in-depth review of your financial affairs. But whatever it is called, a personal finance audit will help you stay on track and make adjustments to keep your finances in order. … [Read more...] about Audit your personal finances to keep money matters in order
Ensure you have financial room left to pursue some things really dear to you, like travel or an expensive culinary course which you never had time for while you are working. Knowing that the break you are on is a temporary one and you will get back to corporate life soon should be motivation enough to do it now, provided you have planned for it in advance. … [Read more...] about Planning to take a break from work? Follow these steps to avoid financial stress
What these people ignore is that credit cards no doubt provide a line of credit that can come in handy in emergencies. But when the interest-free period is over in a few weeks, the money has to be paid back eventually. That too in full to avoid exorbitant interest rates (up to 40 per cent). And if a person then has no buffer or emergency fund, then how will he suddenly find the money to clear off those credit card dues that were taken for handling emergencies? … [Read more...] about When layoffs and pay cuts abound, how large should your emergency fund be?
After recording a high of 12,430 in January, Nifty fell 40 percent to 7,511 in March due to COVID-19 crisis. Many countries around the world announced partial or complete lockdowns in the first half of the year to contain the spread of COVID-19. This brought economic activities to a jolting halt hurting corporate earnings. … [Read more...] about As market valuations turn expensive, brokerages pick these 27 stocks
Another study out of London indicated there were more still births during the pandemic between February and June than there were in a pre-pandemic period between October 2019 and January 2020. However, the study had several limitations: For one, the women who had stillbirths had no symptoms of COVID-19 and there was no other evidence that they might have had the virus. The study, which was done in retrospect, only considers births from a single center, and does not consider the reason for the still births. But it does mention an alternative that could present mothers-to-be with reason for concern: the incidence of still birth may have been related to fewer prenatal visits, a result of pandemic-related restraints. … [Read more...] about Should you get pregnant in a pandemic? Women are weighing the risks