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Financial Knowledge

Do you also think Term Insurance is not essential for women? Then, let’s break this myth and understand why life insurance is important for women. As per LXME’s Women and Money Power Report 2022, 58% of women have no insurance (life or health) in their name😨. Shocking right? Let’s bridge this huge gap together!! Why […]

Being a stay-at-home mom/dad, your work is technically never done. It’s not an easy job and certainly not lucrative because warm hugs and your child’s cute drawing won’t pay the bills. But thankfully with the advent of technology and possibly the only silver lining of a pandemic, work-from-home jobs are more common than ever. Here […]

The tax filing season is back, and below is a curated checklist to help file your ITR. Step 1: Keep your documents handy Permanent Account Number (PAN) (your PAN is your user ID for logging into the income tax website). Aadhaar card Copy of your previous year’s tax return Bank statements and Passbooks Form 16 […]

Shweta: I wish I was a Millionaire. I could have crores of rupees at my fingertips, and I could do whatever I want. Seema: Agreed we could have had so much fun. Shweta: but we can’t. There is no way we can earn that much with our salaried income. Seema: That isn’t true. We can […]

Women have advanced significantly in the workplace and in entrepreneurship in recent years. The importance of women’s financial empowerment has increased. It’s common knowledge that women have always faced disproportionately high barriers to achieving economic security and independence. These obstacles have included a variety of issues such as gender pay inequalities, unequal access to financial […]

Do you remember the famous dialogue from the Bollywood movie “Deewar” when Amitabh Bachchan says ”I have buildings, property, bank balance, house, car what do you have?” (Mere paas buildings hai, property hai, bank balance hai, ghar hai, gaadi hai tumhare paas kya hai?) Shashi Kapoor says “I have my Mother” (Mere paas maa hai) […]

Kareena, a young 30 something woman recently joined as the head designer in a fashion designing company. Even after getting a large pay hike, she still was frequently worried about not being able to save much from her salary at the end of the month.  Well, in order to save enough by the end of […]

Relationships are not just about love, care, and affection but also about communication, understanding, and encouragement.  While, along with personal compatibility, financial compatibility is also very essential to the overall success and longevity of your relationship. So, how can you find out whether your partner is financially compatible? There are a few financial red flags […]

After your income exceeds a certain level, income tax is imposed. Income tax return needs to be filed to pay these taxes. It is always a good idea to file a tax return. But why is this the case? Let’s look at some of the most important benefits! 1. Crucial document while applying for loans: […]

Equity is one of the popular asset classes that deliver inflation-beating returns in the longer term. Let’s understand the avenues through which you can invest in Equity Markets. You can invest in equity through various means such as directly investing in stocks through a Demat account, Equity Mutual Fund, ETFs, and PMS (Portfolio Management Service). […]

In India, Fixed Deposit is one of the go-to investment instruments for us as it is one of the safe investment instruments and offers fix interest rates. But, does it offer you any tax benefits? If you are getting the same returns and safety as FD along with tax benefits then would you choose FD? […]

Millennials are often in a dilemma when buying or renting a home! While owning a home is a dream come true for most millennials, and the argument about buying or renting a home seems futile, it all depends on the choice and affordability.  Let’s look at the costs attached while buying a house: Down Payment […]

Traditionally, we have been investing in Fixed Deposit (FD) as it is considered the safest mode of investment offered by banks. Earlier generation used to rely more on FDs as they use to deliver fixed interest over a period of time.  Now, is it time to change or shift towards a smarter investment option? Absolutely […]

Do you struggle to save taxes? We have a solution for you to not just save your tax money, but also create wealth. But how would you save taxes while also creating wealth? When tax season arrives, people often start looking for ways to save money while also earning some money. While doing so, you […]

#TaxBachaoLXMEBadhao Do you also struggle while saving tax? So, let’s learn how to create wealth and save taxes! Tax planning is a crucial part of financial planning and in India, people are generally attracted to tax-saving instruments such as post office saving schemes, PPF, NPS, etc.  But are all tax-saving instruments delivering you inflation-beating returns?? […]

Mansi, a 30 year old graphic designer, hasn’t started her retirement planning yet. After using LXME’s eye opening Retirement Calculator, she realized she needs a whooping 8.84 crores when she retires! She immediately starts a SIP of Rs, 15,922. She recommends the calculator to her 25 year old sister who needs the same amount at […]

How many of you have life insurance?? If you have, then is it covering you adequately?? Such types of questions were troubling Reshma who wanted to buy life insurance for herself but was unable to understand how much insurance she should buy. So, she approached one of her friends Divya. Reshma: Hey, Divya! I want […]

If a leaking roof, interior remodeling and a dire need of funds to fix these problems are giving you sleepless nights, it might be time for you to consider taking a Personal Loan to take care of your home renovation. Anaya Sharma, a 35-year-old chef, bought a house for herself in Mumbai 7 years ago. […]

Are you ready to digitize?  The world is undeniably transforming digitally with rapid innovations in new technologies. We are all surrounded by digitalization. By enhancing connectivity, financial inclusion, access to trade, and public services, technology has made our life easy. The launch of UPI (Unified Payments Interface), has made payments easy just by bringing the […]

New Year is just around the corner, so it is time to start saving money from January 2023. This year, it is  not about ‘making BIG plans’ to save money, but actually trying to cut down on spending. Eventually reviewing them will let you save much more! Follow a budget A budget balances the fundamental […]

You probably know the drill of saving money for your financial needs such as rents, bills, retirement, child’s education, goals etc. But what about saving money just for your splurges? Think about all the spa days, dinners and drinks with friends and family, going to the movies, shopping sprees and other fun things you can […]

“I have had enough! Where and with whom should I talk about Money?” said many a ladies! We women often shy away from talking about money and managing money, even when we are earning our own money! One of the reasons could be that we don’t feel fully in control of our money and future […]

Amongst the subject that people like to talk about DEBT ranks right between upgrading a sewing kit and other people’s missions in life. Our brain just doesn’t wish to talk about it or hear it and that reaction is the reason why it’s hard to pay it off. However, there’s hope, through a couple of […]

Five money mistakes to avoid for the New Year: Setting unrealistic goals, not planning for retirement, not building an emergency fund, spending frivolously and not budgeting and avoiding falling in a debt trap.

Getting through a financial crisis can be challenging. Here are some do’s and don’ts to ease stress and anxiety and regain control of your finances. Do’s 1. Identify reasons for Stress:  If financial worries like pending bill payments, problems with a credit card, debt etc., are weighing you down, start by identifying the source of […]

Munmun Deora, working as a team lead recently got the promotion that she has been waiting for. Along with her appraisal, she even got some Diwali bonus which she spent all on shopping sprees, ordering in more frequently and other wants and desires.  Even with an increase in her monthly earnings, Munmun has been saving […]

If you’re in a financial crunch and are considering taking out a Personal Loan, here are some dos and don’ts that you should follow to make the most of it. DO’s Assess your requirements: It is essential to know the reasons for you to take a personal loan. Hence, this will simplify the process and allow […]

Investing is essential to achieve your goals. It is the only way to make your future better. Dreaming of buying a car in the next 2 years or a house in the next 5 years? Wanting to have your dream wedding or starting that side hustle? Dreaming of your business or your retirement? We often […]

Traditionally in India, women get various types of gifts from their parents during their wedding or before marriage which evidently becomes their husband’s property too after marriage. However, what do you think, do your husband or in-laws have the right over the gifts and belongings you receive during your lifetime? The answer is NO!  Ladies! […]

It’s important to consider your financial situation before taking out a loan, but sometimes a personal loan is the best way to finance a large purchase or project that you can’t afford up front. Here are the top eight reasons to get a personal loan. 1. Home remodelling: Homeowners can use a personal loan to upgrade […]

Medical emergencies never come with a warning sign, and one cannot be prepared enough for a crisis. Medical Insurance policies cover expenses to a certain extent, but a personal loan gives you immediate cash to keep handy. These loans are widely available, and thanks to technological advances, you can apply for one from the comfort […]

In India, during festivals, we receive lots of gifts, cash, and bonuses. And we as women and girls receive lots of cash during Raksha Bandhan and Bhai Dooj from our brothers and we end up spending that cash on shopping or buying any particular luxury. Don’t we girls?  So, now a question might pop up […]

Festivals in India are times when people look for ways to bring positive energy into their homes. With Diwali approaching, many people have already begun with their Pre-Diwali home cleaning, renovation & decor buying. Do you want to renovate your home before the holidays, but a shortage of funds is stopping you? The good news […]

A personal loan can help one quickly turn their dreams into reality. It also improves people’s lives. Thanks to easy-to-use financial platforms, personal loans are now available with just a few clicks. Here are the steps to increase your chances of getting an instant loan approval: Check your credit score-  Your credit score measures your […]

A personal loan is one that does not require any type of collateral or security. It is an excellent way to get through a short-term cash crunch and easily handle any emergency needs. The festive season is on. It is the perfect time to start new endeavours & make investments. The financial pressure to make […]

Dusshera is one of the major Hindu festivals that also symbolizes the end of Navratri. The festival is celebrated as the victory of Lord Rama over Ravana. It also marks the triumph of Goddess Durga over the demon Mahishasura.  So this festival symbolizes killing demons or destroying negative and bad habits we have in our […]

In today’s world, everyone’s life is full of adventure, so there needs to be some relaxation along with fun in life. So, in order to release all day-to-day stress, one needs a break from their daily routine to refresh our mind. One such time is when Raj and Simran decided they needed a break from […]

Sakshi and Manali are two best friends who started their professional journey at the age of 23. Sakshi is MBA in Finance and Manali is an Engineer. Sakshi was aware of the fact that Retirement Planning should begin as and when you start earning whereas Manali was unaware of the same. Manali: Why are you […]

Radhika: I am facing financial stress as there is a sudden unfortunate medical emergency. Apurva: Didn’t you have any emergency funds for such a crisis? Radhika: No! What do you mean by the emergency fund? You know what, I  had to dig out money from my long-term investments. I am worried about how to tackle […]

Drishti, Senior Engineer, had applied for a home loan but her application got rejected due to low credit score. At the same time, her colleague Ritu also applied for a home loan, and her application was approved and the loan was sanctioned as she had a good credit score. Drishti was curious to know about […]

When you hear the word ‘bond’, what comes to your mind? Sean Connery the best bond! Although, the savings bond is not much bad either; with de-materialization coming in. We often find ourselves in the “ Lendee” position, the one needing to borrow money. But how would you like to be the Lender to the […]

1. I am still young, I can think of retirement later.  It’s a lie, Ideally, everyone should start their retirement planning as and when they start earning, this enables them to make a good amount of corpus till their retirement. Retirement planning has become an essential part of financial planning.  Why retirement planning has become […]

Since ages, we have seen that financial planning is one the powerful tool for surviving in this inflation-bearing world and fulfill all life goals. The way everyone has basic needs such as food, clothing, shelter, and education same way financial planning should be added to our basic needs. Always remember, it’s a life skill! We […]

Meet Apurva! She came across the word IPO when everyone around her was talking about LIC’s IPO. She is new to the concept and wants to know how to invest in IPO. So, let’s learn about IPO with Apurva. Since, the last 3-4 years everyone around has been very fascinated by equity markets, as it […]

Starting a family is exciting and is a very important decision for a woman. Babies change everything and you may or may not be ready for such a drastic change. So it becomes necessary to plan ahead and ask yourself some very tough questions before you start a family.  Starting a family is an important […]

Many women go through a career break for a number of reasons. It can be to support their partner by moving locations or to take care of their little ones. A career break is just a pause button that can be restarted whenever you feel you’re ready. However, the time in-between and during this break […]

Retirement fund body Employees’ Provident Fund Organisation (EPFO) has allowed its members to avail the second Covid-19 advance given the second wave of coronavirus in the country. EPFO has allowed its subscribers to withdraw non-refundable advances in certain cases like illness and buying a house, among others. Now, individuals can withdraw money from their PF account, […]

You’d think that women who start and lead companies are probably bred differently. But the truth is that they aren’t any different from any of us. They have had their fair share of challenges, defeats and inhibitions, yet they stood up and started some of the very best and renowned startup companies that are worth […]

How often and for how long have you been making a cup of coffee? Months, years, or probably decades?  Now, imagine if you got paid for every cup of coffee you made. If a simple cup of coffee was chargeable and you were able to earn an income from it, would you go ahead and […]

Everyone takes a loan at least once in their life to fulfill their dreams or needs.  It might be a car loan, home loan, or just about any other loan that satisfies your financial needs at a particular point in time, like your credit card.  But, if you have watched the movie ‘Confessions of a […]

Want to take control of your personal finances and grow your money, but don’t know how? 😥 Don’t worry, LXME is at your rescue!  Update your LXME App! LXME was born out of a deep desire to see every single woman take charge of her money, make her financial decisions, confidently & independently and to […]

Since the year 2004, KYC guidelines have been put in place by the Reserve Bank of India. The Prevention of Money Laundering Act requires banks, financial institutions, and intermediaries to ensure that they follow certain minimum standards of KYC to verify both the identity and address of all customers who are to carry out any […]

Traditionally, women love to buy gold on the occasion of Dhanteras or Diwali. Till now, you might be investing in gold physically but not this Diwali!! Let’s invest smartly this Diwali!! Gold may not be a great builder of wealth but its ability to maintain value over centuries makes it remarkable. But does this mean […]

Owning a land/property may be one of the goals for many investors but not everyone will have a huge sum of money to invest in real estate in a traditional way. This is where REITs and InvITs come into play: These are similar to Mutual funds as they pool in money from various investors and […]

So what’s the buzz around Direct and Regular Mutual Funds? If you’re an investor or are thinking about investing in mutual funds, we bet you’ve been subjected to an overload of welcomed or unwelcomed, legit or unsolicited advice on direct and regular mutual funds. So what’s going on? Let’s understand this better You’d think that […]

Most of us are familiar with asset allocation even if we don’t recognize the term.  For example, have you ever noticed that street vendors often sell seemingly unrelated products – such as umbrellas and sunglasses? Initially, that may seem odd. After all, when would a person buy both items at the same time? Probably never […]

Owning a home in India is as much a personal achievement as it is a practical buy. For most of us, purchasing our first home highlights our financial independence and serves as the foundation for future goals. With the prices of houses being sky-high, most home buyers need to take a loan to fund their […]

Are you a newbie to the world of financial management and want answers to the basic questions on Portfolio Management Service? Here you go! What is Portfolio Management Service (PMS)? A PMS is essentially provided by licensed stockbroking companies where money managers of PMS, that are experts in the stock market, offer services to their […]

If you have read the first two blogs from our PMS series, you know almost everything about it already. If you still want to learn more, check this out! What are the parameters to evaluate PMS? – Portfolio Manager’s experience – Portfolio Manager’s Fee – Portfolio Manager’s Customer Base – Portfolio Manager’s Investment Strategy – […]

We’re sure you must be aware of the fundamentals of PMS by now, but do you know enough to start investing in the same? Not sure? Here’s what you need to know! What are the benefits of PMS investing?  – Advantage of equities as an asset class – Solutions customized to the needs of HNIs […]

Presently, the tendency of younger people who have just embarked on their professional journey is to spend money and enjoy their lives, fulfilling their desires with their own money as they become financially independent. However, this leads to exhaustion of your money and no buffer for your future life goals. With the increasing rate of […]

The season’s changing but it’s still raining money here at LXME. We have an exciting lineup of money challenges coming your way in September. Read to find out more about this: My 66K Challenge What if we told you that by *Dec 31, 2021, you will have Rs.66795 in your “ME bank a/c” (normal saving […]

Moms are their child’s biggest cheerleaders. According to the LXME Women & Money Power Report 2022, 75% of moms are highly involved in their child’s education And 1/4th of their income is spent on education fees. But moms, did you know that on average, education costs rise at a rate of 8-10% per annum every […]

Meet Pooja! Pooja is a young professional and she has just joined a multinational firm as a software engineer. Once we were in conversation about our savings. Both of us are very ambitious for our careers. But Pooja is worried as she cannot save much from her salary. But it’s important girls!!   Mansi: Pooja, […]

“Financial freedom is available to those who learn about it and work for it”- Rober Kiyosaki  Hey! Welcome to the all-new LXME app😁Let’s get to know it a little better. Watch this video So what is LXME? Did you know that only 33% of women make independent financial decisions? Perhaps women shy away from talking […]

Are you a Newbie in the financial world and want answers to the basic Qs on National Pension Scheme? Here you go! What is NPS? National Pension Scheme (NPS) is a pension cum investment scheme launched by the Government of India to provide security at the time of retirement to Citizens of India. It brings […]

We’re sure you must be aware of the fundamentals of PMS by now, but do you know enough to start investing in the same? Not sure? Here’s what you need to know! What are the benefits of PMS investing?  – Advantage of equities as an asset class – Solutions customized to the needs of HNIs […]

Now that you know what is NPS & how to invest, let’s deep dive into how to manage it, evaluate its performance & how to ensure it brings the right balance to your entire portfolio. What asset classes are available for investments under NPS? The asset classes are the same for both NPS Tier 1 […]

“We’ll never solve the feminization of power until we solve the masculinity of wealth,” said Gloria Steinem.And we believe she’s right! Only 33% of women in India today make independent financial decisions (DSP Winvestor Pulse 2019).  As women, we have been programmed to believe that money somehow isn’t our concern, it’s a man’s job to […]

Moms! Never cease to surprise us. They work so hard to ensure their kids get the best of everything, especially education. So LXME brings you the easiest route to plan for your child’s education – Try our newly launched calculator that shows you how much you would need for your child’s education and invest in […]

Here’s a small step towards big rewards. Enjoy this firecracker of an offer, ladies! Open your LXME Account and save up to Rs.10,000 on your favourite brands! Now you must be wondering opening an account would be a tedious task, well it’s not! LXME has simplified the account opening process for you, it’ll only take […]

Welcome to LXME, India’s 1st NeoBank in the making exclusively for women, offering savings, lending and investment services to enable women to be financially independent. LXME is spearheaded by MD & Founder, Priti Rathi Gupta, Co-founder & CEO, Jasmin B Gupta and Co-founder & COO, Ridhi Doongursee. The LXME App is a safe place for […]

We are so excited to launch the Sutli Bombs of Investment- The Rs.100 Equity & Debt Funds! Now you can start with just Rs. 100 SIP in well researched equity and debt mutual funds targeting up to 15% returns! Time to let go of your inhibitions and start something wonderful! While the Equity Fund is […]

Tell us dear Dreamer! What are you dreaming about? Fancy houses, sunny vacations, retirement at 45? Well, my friend, take these dreams and turn them into money goals! So that we can get your financial plan up and running! “Back in the day, I bought a house and raised a family with a salary of […]

Hey New girl, firstly, kudos on savings! You’ve started your journey of being financially prudent!! But is saving your money enough?  “Back in the day, I bought a house and raised a family with a salary of just Rs. 25,000”. “Rs. 100 would get me a full week’s groceries.”  Year on year, the prices of […]

Woah Seeker, you surprised us! You know your financial instruments and you’ve got your game face on. The fact that you’re investing your money is pretty killer but is it beating inflation?  Year on year, the prices of goods and services rise, decreasing the purchasing value of our money. And to add to it, our […]

OMG! To be in the presence of you, you badass woman. We’re in awe! Truly! *raising our glasses*. You’re pretty much the financial feminist we speak about so kudos!  But Dear Advanced, there’s always room for improvement… You know that right ;). So while you’re doing a fabulous job investing your money, make sure your […]

From the moment you become a mother, your purpose has always been to give the best to your child. It’s the same with education! LXME is here to help you plan for your child’s education, the easy way. Try our brand new Child Education Calculator and invest for your child’s dreams in our expert-curated Mutual […]

Doesn’t this sound tempting! Can’t wait to get your girlfriends on board! This is how you can refer them. Tis’ the season to shop, indulge and spoil your loved ones!What are you waiting for? Start referring and win big! *T&C Apply*Winners will be selected as per minimum criteria on a lucky draw basis and will […]

2021! What a year it was, one hell of a rollercoaster with lots of ups and a few downs. With the support of our LXMEs, we’ve been able to accomplish so many things.  Let’s take a sweet ride down memory lane and relive some of our greatest achievements this year…  → Empowered 80k women in […]

Instructions to complete this task: 1. Click on your profile picture on the LXME app 2. Click on MY MONEY JOURNEY tab. 3. Complete the quiz & take a screenshot of your result. 4. Share it in the comment section of the Task 2 post on the LXME Facebook Community. This task will conclude on […]

Hey Lovely Ladies! Last year was all about My 66K Challenge where you learnt how to save your money. This year, it’s time to level up!We bring to you ‘The Savings and Investment Challenge’! Don’t just SAVE your money but GROW it instead to achieve your Financial Goals. 3 things you need to participate in […]

Do you also struggle while saving tax? Don’t just save taxes; be smart and create wealth as well.  But, are you wondering how you would save taxes and also create wealth? Let’s talk about how smartly you can step out of this struggle. When tax filing season approaches, you look for different ways to save […]

What is the NPS (National Pension Scheme)? National Pension Scheme (NPS) is a pension cum investment scheme launched by the Government of India to provide security at the time of retirement to Citizens of India. It is an attractive long-term saving avenue to effectively plan your retirement through investing in different asset classes available under […]

This weekend, take a leaf out of the world’s favourite cooking show and unwind without spending through your noses. When the long-awaited weekend finally rolls in, we’re sure you are ready to put up your feet and unwind at the end of a hard week. Expenses-wise, this is the riskiest time of the week – […]

Do you know how to use the LXME App?  Thinking about what all things you can do on the app? 💭 If you’ve answered yes, tune in to our session’s recording & hear about How to use the LXME app and get to know all its features. Click on this link to watch the session: […]

Support your child’s dream no matter how big it is. Our latest Child Education Portfolio gives you the opportunity to plan for your child’s education effortlessly. Apart from this, we also have a Child Education Calculator for you to evaluate the cost for planning.

Finance Minister Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament on 1st February 2021, which is the first budget of this new decade and also a digital one, in the backdrop of the unprecedented COVID-19 crisis. In a growth-constrained world, the finance minister has gone down the path of putting in place the building […]

Have you ever been confused about the difference between a credit and a debit card? It’s easy to see why. Debit cards and credit cards are accepted at many of the same places, they both offer convenience, and eliminate the need to carry cash.  Credit cards and debit cards typically even look almost identical, with 16-digit card numbers, expiration dates, and […]

You’re likely constantly inundated with credit card offers. You may even receive several in the mail every single day. A credit card is a bit like a sharp knife — it’s a very handy tool, but it’s capable of inflicting horrendous damage if used improperly. The same advice applies to both of them — choose […]

DYK it takes 1,400 hours on an average to select the best-suited Mutual Fund plan? Our team of experts have done just that with each and every LXME portfolio so you can simply focus on growing your money! 1. Well-researched 2. Balanced to beat inflation 3. Diversified to ensure you’re not putting all your eggs in one basket 4. […]

Meet Mehak! Mehak has just started her investment journey & is getting confused with the terms used in Mutual Funds! She wonders, is SIP the same as a Mutual Fund? Is a Systematic Investment Plan (SIP) a type of Mutual Fund?  Eventually, every new investor may have experienced or is still experiencing a level of difficulty […]

In every sector, women are earning a place for themselves. Many women today have financial freedom and can make the smartest life decisions. They also pay taxes and carry out their responsibilities as taxpayers. The Indian government provides a variety of tax benefits for women, including tax rebate for women and exemptions. It is beneficial since it helps […]

Rakhi is 25 years old, and she is stressed that she has to work till 60 and plan for her retirement.    But…. Do you know there is no such law or compulsion to work until you are of age 60 or 65?    You can retire in your 40s too. Yes, I am not kidding!!   How […]

Ms. Isha is setting up her new house & is short of funds for buying a refrigerator! She came across an electronic store that recommended that she can get a No Cost EMI!   But is it the right choice for her? If you’re hunting for a relatable solution, you’re at the right place! To […]

Everything’s better with a friend, it’s even better when you get rewards for being a friend. Now that you’ve embarked on your money journey, we’d like to help your BFFs be financially savvy, too. Introducing LXME’S referral program, an exclusive program open only for selected people, we are honoured that you’re a part of it. […]

Tia wants to do online shopping, but she doesn’t have enough money. However….🙈 Tia came across the option called BNPL, which means Buy Now, Pay Later ✨   Sounds interesting, right? Buy things now, without paying full money immediately. What exactly is Buy Now, Pay Later? And how does it work? Let’s discuss this in […]

Worried about Market Volatility? 📈📉📊 Thinking about what you should do with your investments right now? 💭 If you’ve answered yes, tune in to our session’s recording & hear about Market Volatility and what you should do from Priti Rathi Gupta, Founder of LXME. Click on this link to watch the session: Step 1: Click on […]

Manisha has accumulated wealth for her family. Manisha passed away and her family was in financial trouble and was scrambling for things as she created wealth but didn’t create a will. We frequently hear, “I’m too young to make a will,” or “I don’t need to make a will.” However, in today’s world, unwelcome problems […]

Do you ever feel like you’re sleepwalking through life with no real idea of what you want? Perhaps you know exactly what you want to achieve, but have no idea how to get there. That’s where financial goal planning comes in. We all know that setting goals is important, but we often don’t realize how […]

Want to buy a dream home, go on vacation, or plan for a luxurious retirement?   If yes, you need to start investing for your future goals from your early 20s whether you are in college or 1st job. Investing is a simple art if done correctly!   Here are 5 hacks to kick start […]

Setting money aside for your retirement is an important step. Retirement planning is important because it can help you avoid running out of money in retirement. One can use the LXME Retirement Calculator  to determine the amount of money required to save for their own retirement. Besides that, the government has introduced various schemes for […]

Do you have a list of goals and want to achieve them?  Do you want to tick off your wish list as well? Right now, you might be thinking about wish lists and vacation plans. However, you end up spending without a plan that your finances suffer once the vacation is over or the wish […]

Have you filed your income tax return yet? If you answered no or are curious to know about it, we’ve got you covered the same in this article. To begin with, there are two ways for filing your income tax returns: online and offline. We’ll guide you how to e–File your returns in this article. […]

Diversification is a key element of a good investment portfolio. As investors, we try to spread our funds across various asset classes like equity, debt, real estate, gold, etc. Even within each asset class, we try to further diversify to minimize risks.  In equity investing, a known method of reducing risks is diversifying your equity portfolio […]

If we were to ask you to give us a real-time summary of the traffic situation in your city, how would you possibly do it? You wouldn’t check every road in the city to find the answer, would you? The wiser thing for you to do would be to quickly check a few important roads […]

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 […]

Kiara, a marketing manager, was surprised to find that her home loan application had been rejected because of a low credit score. When she researched further, she found a lot of mistakes and unwarranted enquiries in the past that had pulled her credit score down. Kiara is not alone in this journey. Many of us […]

Maybe you dealt with or are still dealing with a period of unemployment or poor health. Maybe your saving and budgeting priorities have shifted. If you’re hoping to overhaul your finances, or at least revisit them in the new year, here are some options to consider. (Re-)Build Your Emergency Fund Some of us found that […]

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 […]

“Stay invested as long as you can!” is a common phrase you hear today. While that’s good advice, it can be gratifying to earn the returns while you can still enjoy them! No investment is complete without goals for yourself. Invest towards them for a certain period and you would have achieved a dream.  Depending […]

If you are a working professional earning any form of income every month, it is time to usher in the upcoming financial year with a resolution to take charge of your money.  To help decode the jargon, we have portioned out the basics in a handy, easy-to-understand guide. Read on and implement these on your own personal finances. Know […]

The question has two parts. First, why should women start investing, and second, why mutual funds. Let’s talk about the first part. We are in an age that’s constantly at a war against gender stereotypes and looking for more equality. Having said that, even today, a large number of women are dependent on male family […]

Set up the lantern, light up and fill our lives with sweets: it’s that time of the year again. Let’s see how we can manage our money smartly this festive season! Every year, the country is enveloped in a blanket of celebration, laughter, and togetherness that enthusiastic atmosphere. However, the season of lights is also […]

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 […]

Still confused about how to calculate your income tax? Worry no more! In this article, we will tell you all that you need to know about Income Tax.  Your income tax is levied based on a slab system. Different tax rates have been prescribed for different slabs and these tax rates keep increasing with an […]

It’s that time of the year again! Does the thought of filing your Income Tax Returns send you into panic mode?  Don’t worry, it happens to the best of us. Calculating taxes can often get tedious. However, it is not as bad as you think it is. In fact, if you look into this yourself, […]

Your credit card is like 15% off apparels and accessories. The first time when you meet it promises to be your friend. Until you look closely and realize it’s not. You have been ripped off. The unstoppable scoffing running into your mind “Should have read the fine prints. Should’ve known before getting into this”. The […]

Right at the onset, let me tell you a secret- For you to become financially free and achieve your financial goals, trying smart saving hacks that can increase your money quotient two times over a period of 20 years. These are not big pools of money that you need to save, but small drops that […]

In a world where there is temptation at every corner and add to that the ease of online shopping and credit cards, it is hard to be wise about spending. However, the truth is that we cannot begin the journey of saving enough and becoming rich until we tame this elephant! In this section, we […]

Investor Alert: Beginning 1st July 2020, a stamp duty of 0.005% would be levied on all mutual fund purchase transaction, in accordance with the orders issued by the Government of India. Bottom line: If you invest in mutual funds for overnight or small durations such as few days to few weeks, then yes, you will […]

Lady, just by being a woman, chances are that you earn less than a man in the same role as you! This is called the Gender Pay Gap and is a proven statistic. As a country, we rank 108th in the Gender Pay Gap and earn about 20% less than men (Source World Economic Forum- […]

SIP Inflows touch all time high despite market decline in March 2020 Investments in mutual funds through SIP touched an all-time high of ₹ 8,641 crore in March 2020 as per latest AMFI data. This, despite an over ~30% decline across the broader stock market during the month. Retail investors continued to invest in the […]

If you are focusing all your energy, trying to find that right moment to invest, here is a simple tip- Start investing right now! You don’t need to time the market to grow them. Having financial goals and beginning your investments early, gives you the advantage of staying invested long term instead of waiting and […]

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 […]

The fear of coronavirus outbreak and its impact on the global economy, has had a crushing impact on the global stock markets. In what could be termed as the worst week for stocks after the 2008 financial crisis, investors instantly became sellers as the fear of a global pandemic spread. But market crashes are not […]

Markets are risky! Markets fell by 10% today! Markets have risen by 8% yesterday! These statements will not worry you if you are a disciplined investor. How do you become one? The three basic fundamentals of investing are: Decide a time frame/goal of investing Devise an apt strategy- emergency fund, suitable instruments, diversification and indicative […]

The fluctuations in the market can get daunting. With the recent market crisis, both in India and across the globe, the most pressing question most investors have is ‘What to do with my investments?’ Join Priti Rathi Gupta (Founder, LXME; MD, Anand Rathi) in a LIVE Chat discussing the Market Crash 2020. Get market insights […]

Finance Minister Nirmala Sitharaman presented the Union Budget 2020 on February 1, 2020.  This is the second budget of Narendra Modi led NDA government’s second term, after having stormed back in power with a full majority in May 2019 General Elections. With the economy witnessing a slowdown, there was a wider call to provide stimulus […]

A mail from the income tax department can trigger anxiety. But so long as you have no intention of hiding your income, it’s just a question of understanding why what the notice means and resolving it! Filing tax returns has become as easy as logging onto the e-filing portal. Once the return is filed, you […]

Strengthening your relationship during the formative months is part of the journey, but are you *financially* compatible with your beloved?   It seems like a taboo to mention the money aspect when you’re still in the honeymoon phase of dating and then it seems like you’re stuck. If you are in a financially abusive relationship, it […]

Whether starting your career or being at it for years, becoming rich is all about money management. Bring your own lunch and you’ll fatten your wallet, and get your body in shape! It’s often the smallest day-to-day changes that bring you one step closer to financial freedom, and this is one of them. Working women […]

Musician Sappna needs to carry around her own drum kit at least at local gigs. Since the musician’s husband travels most of the time, the lady of the house decided to do her own wheel-shopping. Here’s how Sappna went about her first car purchase. Sappna had been investing out of her gig fees since her […]

Computers, devices, and smartphones suck up hours upon hours of our daily lives. But your leisure or recreation time doesn’t have to be like that. Being connected with friends and family is a good thing, but it may not be such a horror to hit the reset button on your internet fix. Here’s a few […]

“I have nothing to wear”, came a wail from 26-year-old Kusha’s room minutes after she shrieked with joy about her best friend’s wedding slated to be a month away. There were two more weddings coming up and Kusha was still recovering from last season’s spending. How much can you spend on attire you’ll probably wait […]

To have one’s own progeny, whether biologically or by adopting, is perhaps the most emotional experience of your life. Beside the uncertainty of the duration of labour, postpartum depression, and sleepless nights for at least the first 18 years of your child’s life, there’s a financial cost attached to having a child. A study conducted […]

One of the most important parts of planning for the future is having insurance for yourself. Both life insurance and health insurance are crucial forms of risk mitigation that provide financial protection in the event of serious injury, illness or untimely death. Of course, they do this in different ways. Here are 6 key areas […]

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 […]

As a modern woman, you have personal, and often even professional commitments that often take a toll on your health. The lamest excuse – not enough time. Unsurprisingly, the answer to that is technology. More specifically, your smartphone. In recent times, several fitness apps have made their foray to ease tracking and addressing health problems. […]

Annual leave aside, the best time to indulge at the end of a harrowing work-week (whether yours or the boyfriend/ husband’s) is the long-awaited weekend. A weekend can be much more than two days of carefree, work-free, alarm-clock-free lazing in front of the idiot box. It is a chance for you to pamper yourself and […]

Does the thought of falling seriously sick make you shiver with fear, all because medical treatment costs an arm and a leg? Chin up. There’s hope yet! While the cost of healthcare can vary tremendously depending on where you live, dealing with illness and injury is always a major expense. While there’s no way to […]

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 […]

Your mum swears by it – she’s almost starry eyed about this super-hot problem solver when it comes to her money dilemmas. Before your mind goes on overdrive wondering who this mystery being is, relax! We’re talking about budgeting. There are, in essence, three big reasons why it makes sense to appease the budgeting muse […]

Have a busy schedule, travel often or sit late in office? Your career and life ambitions will only hold good if good health’s on your side. ‘Tech’ it easy with food gadgets that keep it tasty and healthy. You are what you eat, and by extension, drink as well. In your fast-paced routine, you can […]

Squeezing in a shopping spree and an extra dine-out by the end of the month is tough even when you have a regular paycheck to count on. But if you’re foraging through purses for stray hundreds even for a basic wax just because you’re on a break from nail-biting corp-speak, you need to stop right […]

It’s that time of year when the wedding invites start to pour in, and your money begins to pour out. Save that pout for the Insta photos – the expenses, we’ll help you curb. When the Save-The-Dates for your friends’ weddings first pop on the WhatsApp group, you want to mute it for a week […]

SITTING IN BOMBAY, SHOPPING IN NYC Traditionally, the only ways to buy products from international brands was to shop during an overseas trip or hand a list to (unwilling) friends and visiting relatives. With the Internet, though, the world’s best retail therapies are at your fingertips. But the ancillary costs of e-shopping ruin the thrill […]

Taking an education loan to pay for higher studies or professional courses helps earn more by landing a better job. On the flip side, repaying these loans totally kills our mojo before even settling into our career! Here’s the financial diva’s itinerary to repay education debt without regret. Indian educational institutions have worked towards offering […]

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 […]

Travel is certainly rewarding, but it can also cost a rather lot. This is especially true for destinations that are every tourist’s wet dream, or a blatant sign you come from the third world. Cross expensive travel destinations off your bucket list even if you’re on a limited budget. Here’s the marauder’s map! You may […]

So you and the hubby went from two to three (yes yes, we know you are two bodies but one soul). And every day is a new lesson in human development. But while the age-old saying – “Child is the father of man” may be your general life situation right now, there are some lessons […]

Does the acronym for health, fitness and working out spell out as “GYM” in your head? Have you lost half your wallet weight in a six-month or (worse still) an annual membership? The first few weeks were all about religious attendance and euphoria and then… Then that big pitch got you busy, then aunt flo […]

Warding off weekend greys can be worse than tackling Monday blues with your super-woman ambitions. This leaves Saturdays and Sundays to either pursue a short-lived hobby that demands more than an infant’s attention span, or twiddling your thumb (mostly) left and (sometimes) right (hurrah!) on a dating app. At such times, actually staying in and […]

You’ve heard the usual spiel about growing your money by investing it – jot a bucket list, put your eggs in various baskets, stay invested (until those eggs hatch), and the magic (or just math, Einstein) of Compounding. But that does little to have you start acting upon your new-found financial literacy. You see, the […]

If you’re between college- and first promotion-age, a home or retirement matter little to you. We get it – the angst of always looking #instaworthy. But not knowing how to go about it without breaking the bank or starving, can be quite the bummer. A little smart investment can help you ace millennial game – […]

Men grow cold as girls grow old And we all lose our charms in the end But square cut or pear shape these rocks don’t lose their shape..Diamonds are a girl’s best friend~ Gentlemen Prefer Blondes (1953), Marilyn Monroe Diamonds Are a Girl’s Best Friend – A song that extols the virtue of the sparkly […]

Shazia Ahmed, 37, launched her own research company two years ago, and is about to marry her long-time academic compatriot. Today, the millennial woman is more than just her home and office. She is an emotionally evolved and multi-functional being who dons several hats with elan. GO-GETTER WOMAN The millennial woman has passed the threshold […]

Income Tax was first introduced in India on 24th July, 1860. 150 years down, the government decided to celebrate it as ‘Income Tax Day’ to spread awareness about the income deduction. So why does the government take away anywhere between 5% to 30% of our income? And why do you feel like you are being […]

This is the last post in our five-part series on beginner investing, where we will talk about investment decisions that might make you #facepalm at yourself. If you’ve missed any of the previous posts, click on the links below:Step 1 where we answer the question ‘why invest?’Step 2 discusses the best time to start investing.Step […]

This is the fourth in a five-part series on investing for beginners. If you’ve just joined us on the journey to financial well-being, we suggest checking out the first, second and third parts before diving into this one. In this post, we’re going to discuss how you should begin investing. This is usually the most […]

This is the third post in our five-part series on investing. In Step 1, we discussed why you should make investments. The second post deals with when you should start investing. If you’re new to investing, check those two out as well. Today, we’ll consider the question of how long you need to remain invested. […]

In the second part of our five-part series on investments, we’ll discuss the best time to invest and whether there really is a ‘right’ or ‘wrong’ time for it. In the last post, we touched upon the concept of compounding, which is almost like magic. Gains get reinvested, earning more gains and so on, kicking […]

This is the first of a five-part series that addresses investments, from why you need them to how you can make them work for you. In our savings-oriented economy, putting money away for a rainy day is a concept drilled into us from our earliest years. Perhaps that made sense when wealth was measured purely […]

33-year-old Shilpa Bakshi is an expert in Hindi translations. She caters to businesses in Baroda, but the homepreneur complains that prospective clients often haggle with her to bring down the rates she quotes. New mother and wife, Shilpa does this work to support the family income with dignity. But like several one-person entrepreneurs, she ends […]

After I finished my post-graduation in English from a prestigious university, I slugged it out at home for almost six months before I landed my first job. I had no intentions of working within my small town, I had my eyes set on the big city. Four months before my 22nd birthday, I was offered […]

Investment is a word that flummoxes many. We avoid it. But it’s not as complicated as it sounds. Investing can become the best way to – not just to save – but to actually grow your hard-earned wealth. SAVING VS GROWING The very first question that comes up when talking about investments is, why you […]