Life Insurance or Health Insurance: Which one should I get?
There’s a definite comfort in knowing that even if your health takes an unexpected turn, you and your family have a financial safety net. When money is tight, though, paying for both a life insurance policy and healthcare coverage each month can get tricky. As expenses start to mount, it can be tempting to drop one or the other […]
The One Year-End Ritual You Need To Follow – Annual Financial Review
Understanding your good moves, as well as identifying your mistakes, can be a great way to improve the way you manage money going forward. One of the best things you can do for yourself as the year winds down is to perform a financial year-in-review. Performing a financial review is an intentional, comprehensive effort that […]
Inflation: That’s Not All!
The one thing everything money can buy has in common is the constant rise in their prices. But Inflation isn’t just what the government reports. Learn how Inflation really affects you. Year after year prices rise, decreasing the purchasing value of our money, causing budget changes and reminiscences of the good old days a la […]
Understanding the Impact of 0.005% Stamp Duty on Mutual Funds | LXME
Investing in mutual funds is a popular choice for many, offering a diverse range of investment options. However, there’s an important factor that investors need to consider – the stamp duty. In this informative guide, we delve into the world of stamp duty on mutual funds, exploring what it means for your investments and financial […]
What are emergency funds and why should everyone have one?
Emergency funds, as the name suggests is your safety net against financial disruption. This disruption could be as a result of a medical emergency or illness, job loss, or any untoward accident which results in loss of regular income. Why are emergency funds the first goal of a good financial plan? The idea of creating […]
When Is A Job Really Worth Flying Out Of The Nest?
A job is the end game to the (at least) 18 years of education. All this while you’ve been sheltered at home. But now you’re an adult, and the world’s spoils beckon. Also, following a 7:30 pm curfew at 21 can be… er… Either that, or an opportunity you cannot refuse knocks. Moving out isn’t […]
5 Reasons to Pay Yourself Even When You’re Starting Up
So you saved up and started out on your own. Being your own boss and creating livelihood for a few others can be as rewarding financially as it is to the conscience. But in taking care of the team and the operations of your spanking new business, forget not yourself! Here’s why paying yourself right […]
5 Presents To Demand From Your Sibling This Rakhi
Rakhi or Rakshabandhan is about a brother promising to protect his sister, although these days sisters are tying ‘rakhis’ to each other as well. And why not? We’re all about equality of the sexes, aren’t we? Whether you have a brother or a sister, here are some smart ideas about what to demand from them […]