Uncategorized February 1, 2023
Tax Saving Bonds or Fixed Deposit: Which is better?
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? […]
Uncategorized January 27, 2023
The Millennial Dilemma – To Buy Or Not To Buy A Home?
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 […]
Uncategorized January 25, 2023
Debt Mutual Fund Vs. Fixed Deposit: Where you should invest?
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 […]
Uncategorized January 19, 2023
Understanding ELSS: Tax Bachao, LXME Badhao
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 […]
Uncategorized January 18, 2023
ELSS Vs. PPF: Which one should you choose?
#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?? […]
Uncategorized January 12, 2023
5 Steps to Retirement Planning in 2023: An Introduction & How-to Guide
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 […]
Uncategorized January 11, 2023
3 Different Methods of Calculating Life Insurance
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 […]
Uncategorized January 5, 2023
Should You Use A Personal Loan For Home Renovations?￼
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. […]
Uncategorized January 4, 2023
All you need to know about RBI’s Digital Rupee/E-Rupee
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 […]
Uncategorized December 29, 2022
How to Save Money Each Month: 23 Tips for Saving in 2023
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 […]