Credit card debt is like a black hole that sucks your hard-earned money into exorbitant interest payments. Ultimately you land up repaying a lot more than you spent in the first place. We all know this, especially the frequent credit card user. But still, people persist with this habit. Because of the lure of easily […]
Get your finances in shape for the New Year 2021
Now that the turbulent year 2020 is behind us, there is renewed hope and enthusiasm across the world. Here is wishing all our readers and investors a lovely, safe and happy New Year 2021! Warm wishes from the Shanthala team! We promise to keep your financial well-being as our top priority in the coming years […]
Herald the New Year with the right investment for you
There is a lot of optimism and cheer associated with the incoming New Year 2021. After the tough challenges people all over the world have faced in 2020, we are eagerly looking forward to a healthy, happy, and prosperous 2021. Whether it was health concerns due to the virus pandemic, job-related issues due to lockdown […]
How to plan for retirement – Financial tips for small business owners
A salaried employee from the organised workforce has a clearly defined and stable income, both during his working tenure and after. As a consequence, post retirement financial planning for the salaried class is a well-established and fairly straightforward activity. However, when it comes to a small entrepreneur, financial planning is a major challenge. Whether it […]
5 Financial Lessons from Deepavali
A unique Deepavali is arriving. After a grim 8 months where people had to battle the virus pandemic, economic distress and job insecurity issues, it’s now celebration time. Deepavali is the festival of hope, of the victory of light over darkness. It also signals a season of prosperity and success. We at Shanthala Chits take […]
Plan your long term finances, but also take care of the short term
Saving for the future is part of the Indian ethos. Whether it is for a daughter’s wedding, purchase of a house or life after retirement, families start their planning well in advance. We teach a growing child the precious habit of saving by gifting a piggy bank. “Live within your means and save for a […]
Six Money Management Tips for First-Time Entrepreneurs
Gone are the days when the country’s youth were solely dependent on seeking government jobs or salaried positions in large private sector companies. Today, many qualified and ambitious youngsters are confident about starting their own entrepreneurial ventures and making a bold entry into the world of business. You could be an engineer with industry experience […]
Steps towards financial self-reliance – In line with Govt’s “Atma Nirbhar Bharath” mission
A new mantra has caught the imagination of the Indian population – self-reliance. Taking inspiration from the “Atma Nirbhar Bharath” mission launched by the Prime Minister, the slogan is driving future business and financial goals of government departments, educational institutions, large corporates, small businesses and even individual citizens. Self-reliance does not mean functioning in a […]
Modernising Chit Funds for the new age investor
Shanthala Chits has long been a pioneer in the chit fund business. We started as a small family-owned business that managed the money of a few trusted friends and family. Now, after 24 years of successful operations and thousands of satisfied customers, our second-generation leadership is ready to take the company to the next level. Amongst […]
To Spend or Not to Spend – Evaluating Opportunity Cost during the present business crisis
Moments of crisis are always likely to occur in the long journey of any businessman. Successful business leaders are not those who don’t face any crisis. They are the ones who make the right choices in response to the crisis. So that the business emerges stronger after the challenges faced. Today, most small and medium […]
