“I am just beginning my career. My monthly salary is in the range of Rs, 15000 per month. How can I manage my expenses within my means and still be able to save some money?” If this is a question on any of your minds, then this blog can help you out. There are some […]
Author: Anuradha C
Father’s Day is here! Let’s celebrate our first Financial Guru!
It’s rather silly to be commemorating just one day of the year as Father’s Day. After all, the stellar role that a father plays in every individual’s life is too valuable and timeless to be remembered on a single day. We learn our first lessons in compassion, discipline, hard work, responsibility, planning and management from […]
What is passive income? Learn ways to secure your passive income
Income is simply money earned. So any income is active income, a result of my hard work at my job or business. Right? No, not really! There is a whole new source of income that you can earn which does not require your active work. And that’s broadly referred to by the term – passive […]
Common misconceptions about money management – Beware of them, be financially secure
A lot of the financial management of the common man happens as a result of informal advice received from various sources – friends and family, TV/media commercial advertisements, newspaper headlines and so on. Some of the people advising us may be financially prudent and have our interests at heart. However, some of the other unverified […]
How to check if a lender is a fraud – 5 easy steps
The business of lending and borrowing is one of the most critical financial transactions in any economy. But at the same time, it is highly prone to financial fraud. Whether it is individual borrowing, institutional or government borrowing, both the lender and the borrower need to take some cautious steps to verify each other’s credentials […]
The importance of money management lessons for children
As part of formal school and college education, children learn various different subjects. But one area that’s totally missing from the education curriculum of kids is money management. We teach a kid arithmetic – sums, percentages, ratio and proportions, and so on. But would we confidently send the child to the neighbourhood kirana store to […]
Become a SMART money manager – We’ll tell you how!
As a part of our campaign to spread financial literacy, we at Shanthala Chits regularly bring you blogs on investments, expenses, loans & liabilities and other aspects of money management. Hope our readers find them as good reads. If readers want any specific topic to be covered in our blogs, please write to us. And […]
5 Critical Investment Mistakes to avoid
Investors are a varied lot, with different backgrounds, different priorities and different financial goals. Small household investors may look to invest in long term schemes for securing their children’s future. Senior citizens would want to augment their monthly income with returns from savings. A young adult with the thrill of his first job may look […]
HOW CAN CHIT FUNDS HELP BUSINESS OWNERS AND START-UPS?
After the success of home-grown startups such as Flipkart, OYO, Freshworks etc., which have now grown into billion-dollar businesses – one thing is common is the way the founders went about raising funds when they initially started. There was an article in economic times that covered the story on how Sachin Bansal and Binny Bansal […]
Why financial awareness is important?
An aspiring businessman with a brilliant product idea wants to setup his own company. There are several areas of expertise that are required to make his business a sustained successful venture. The entrepreneur may be very knowledgeable about the business domain, how to recruit skilled manpower, design business strategies, and plan his product’s marketing initiatives. […]