Risk based pricing of credit instruments is a trend that’s gaining ground in Indiatoday. What that means is – the higher your credit worthiness, the lower interestyou pay on any borrowings. My young cousin, Naren, recently went to a Honda car showroom, full ofexcitement and eagerness to buy his first car. He is a young […]
Personal Finance
MUTUAL FUND SIP VS CHIT FUNDS – WHY CHIT FUNDS ARE A BETTER BET
There are numerous financial instruments out there, vying for our attention – marketing their schemes, attractive rates of interest, repayment plans, investment returns and what not. Traditionally people looking for a loan or planning to make an investment would look no further than the nearest branch of a nationalized bank! The more adventurous kind would […]
HOW TO SAVE MONEY EVEN WITH A SMALL SALARY!
“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 […]
DEBT FINANCING FOR BUSINESS FUNDING – WHAT IS IT? IS THERE AN ALTERNATIVE?
When any entrepreneur ventures out on their own for the first time, they already have a business idea in mind. They also have a small, committed team of friends/colleagues/family members to support them on the human resource front. But most new business ventures struggle when it comes to the third and most critical input to […]
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. […]
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 […]
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 […]
5 NEW YEAR RESOLUTIONS ON FINANCIAL MANAGEMENT
We are fast approaching another New Year. We at Shanthala Chits wish to join all our readers and investors and welcome the New Year 2024 with plenty of hope and good wishes for all our prosperity and well being. India is being seen as an oasis of hope in terms of economic development in this […]
GIVE A FRESH START TO YOUR PERSONAL FINANCES THIS DUSSEHRA
The Hindu festival of Dussehra is actually a tradition that denotes the victory of good over evil. While it calls for celebrations and is considered to be that time of the year when people take a fresh look at life in general, many also see it as an opportunity to implement the concept for […]
PLANNING YOUR WEDDING – HOW TO ORGANISE YOUR FINANCES FOR THE BIG DAY?
The wedding season has arrived in style all over in India. People across states are throwing away their fears and concerns from the uncertainties of the previous year. Now is the time for hope, fun, celebration and getting together with family and friends. What better way to make a fresh start than getting married! There […]