Credit card and budgeting: How to align your credit card use with your budget goals?

Credit card and budgeting: How to align your credit card use with your budget goals?

A structured budget is essential for managing your finances effectively. It not only helps during emergencies but also secures your financial future. While credit cards can be a double-edged sword, when used wisely, they can significantly enhance your budgeting efforts. The key risk lies in impulsive spending, which can lead to debt traps. However, with … Read more

Personal loan: Is it a good idea to splurge on experiences with borrowed money? Keep these golden rules in mind

Personal loan: Is it a good idea to splurge on experiences with borrowed money? Keep these golden rules in mind

Are you a travel freak and love to explore new places? Or are you a young college student who likes to visit the country’s hinterland to interact with people from different regions? Else, do you desperately like to view, see and feel the things which your income may not support — but you find these … Read more

Beware, a financial plan that neglects insurance can leave you high and dry

Beware, a financial plan that neglects insurance can leave you high and dry

Insurance acts like a safety net, helping protect you and your family from unexpected situations that can cause financial stress. Whether it’s a car accident, a health emergency, damage to your home, or losing a primary earner, having the right insurance can ease your financial burden, allowing you to focus on getting back on your … Read more

When should you sell your mutual fund investments? Experts weigh in.

When should you sell your mutual fund investments? Experts weigh in.

Mint spoke to financial experts to help answer this critical question. When you’ve met your goal One of the most straightforward reasons to sell your mutual fund investments is that you have achieved your financial goal. Vishal Dhawan, a Sebi-registered investment advisor and founder & CEO of Plan Ahead Wealth Advisors, said it’s prudent to … Read more

Retail investors remain impulsive sellers: 5 key money lessons to achieve your financial goals

Retail investors remain impulsive sellers: 5 key money lessons to achieve your financial goals

In complete contrast to the conventional rules of investing, a recently released Sebi study showed that retail investors sell nearly half of their holdings in initial public offerings (IPOs) within a week. Individual investors sold 50 per cent of the shares allotted to them by value within a week of listing and 70 per cent … Read more

Personal Loan Secrets: 8 crucial factors for choosing the right lender

Personal Loan Secrets: 8 crucial factors for choosing the right lender

Personal loans are a convenient solution for meeting one’s immediate financial needs in today’s world. Whether it’s for a dream vacation, managing expenses, or advancing a career, personal loans have become a popular option for many. However, choosing the right lender can be challenging with so many options available. To make a smart decision, it’s … Read more

Systematic withdrawal plans: Why should you opt for SWPs instead of lump sum after meeting financial goals?

Systematic withdrawal plans: Why should you opt for SWPs instead of lump sum after meeting financial goals?

One of the key objectives of investing is to meet your financial goals. And if you have already achieved them, what should be your course of action? The standard response would be to redeem your investments and withdraw the money so that you can use the same towards your goals. However, this is not an … Read more

SIP vs PPF: Which is the better investment option?

SIP vs PPF: Which is the better investment option?

When it comes to long-term financial planning in India, two standout options are Systematic Investment Plan (SIP) and the Public Provident Fund (PPF). Both cater to different financial goals and risk appetites. Let’s delve deeper into their unique features, benefits, and considerations to help you make an informed decision. Systematic Investment Plans SIPs allow investors … Read more

What is the definition of ‘long term’ while investing in equities? MintGenie explores

What is the definition of ‘long term’ while investing in equities? MintGenie explores

Investing, a crucial aspect of financial planning, requires a strategic approach that aligns with individual goals and time frames. Whether it’s equities, debt funds, or other asset classes, having a clear investment horizon is imperative for optimising returns and managing risk effectively. Investing with a time frame: Importance across asset classes When it comes to … Read more

15 best financial planning hacks every millennial should know

15 best financial planning hacks every millennial should know

Being a millennial with student loans and new careers can be overwhelming. However, by making strategic financial decisions, you can secure your future. This guide offers essential tips to help millennials manage their money wisely and achieve long-term financial goals. Gain financial literacy: Financial literacy is crucial for solid financial planning. It provides the knowledge … Read more