Why is a Chit Fund company blog stressing so much on debt management, you might wonder. That’s because we at Shanthala Chits truly believe that we have a say in your financial well-being. We would want to see our readers and investors manage their wealth in an efficient and systematic manner. We’d like to be […]
WHAT IS AN EMERGENCY FUND? HOW MUCH TO KEEP ASIDE FOR EMERGENCIES?
Leading a successful life is not just about how we manage our everyday normal activities and strive towards stability and prosperity. It’s also about expecting the unexpected and being prepared to face adversities. When the going is good, it’s very common for people to take their sound financial position for granted. The temptation is to […]
THE ART OF BUDGETING – WHY IT’S IMPORTANT AND HOW ITS DONE
Who doesn’t like to be financially stable, to be able to spend on important things without worrying where the money is going to come from. Live a prosperous life and ensure a secure future. These are key goals for humans living all over the world. Only the scope may vary depending on what position we […]
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 […]
THE PERILS OF A PERSONAL LOAN – WHY IT IS BETTER TO AVOID THEM
One of the most frequent spam calls we all get is the one offering us a personal loan. These calls from hired tele-marketers posing as “bank executives” are meant to introduce various personal loan products to prospective customers. Several gullible people often assume that getting a personal loan is a very simple process. When in […]
THE SAVING HABIT – KEY TO FINANCIAL PROSPERITY
A rupee saved is a rupee earned. That is a very frequently quoted axiom by financial gurus all over the world. High net worth individuals may make their millions in several ways. But for the average working professional or business owner, achieving the right balance between income, expenditure and saving is the key to financial […]
DON’T NEGLECT YOUR CREDIT SCORE – IT MATTERS A LOT!
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 […]
A NEW FINANCIAL YEAR BEGINS!
With the month of April, a brand new financial year arrives. All the last minute mad dash for completing our investments and paying taxes ends on March 31. Bankers and auditors heave a sigh of relief in April after the hectic year end activity. And the ordinary investor happily puts all his financial investment activity […]
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 […]