5nance Blog - Financial planning and Wealth Management
April
23
2018
Do you Really Need a Credit Card?

That’s the question my friend Tina throws at everyone who believes in this plastic money.

Sadly, no one has been able to persuade her to get one. In fact, her ignorance is often criticized and she is mocked for belonging to the last century where nothing could beat good old cash.

Things changed when Tina faced a crisis recently because she did not have enough cash in her account. She had to call me from miles away to take care of this task for her. Guess what? I used my credit card to make the payment and it worked perfectly.  This was the start of a new day for her. She started to look at plastic money differently and seriously wanted to know what she was missing on by not having a credit card. Here’s what!

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March
22
2018
Should I stop SIP when the market is going down?

“Do not let the market fluctuations affect you. Do not stop your SIP”, suggested Rohan.

To which Rahul countered, “There is no value left in the market and returns look low. I think the best way would be to stop the SIP for now and resume when the market corrects.”

Rahul turned a deaf ear to Rohan’s advice and discontinued his SIP during the market crash in November 2008. On the other hand, Rohan continued his investment, keeping himself unaffected by the market movements. This is what their returns look like.

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March
22
2018
A Life Without Budgeting - Another Unplanned Month!

More often than not, I am green with envy while looking at the success of people around me, their fulfilled lives - great jobs, smartness, financial wellbeing and the list goes on.Here I am, struggling to make ends meet so that I can fulfil my everyday obligations as my dues constantly stack up in the liability account.

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February
23
2018
Avoid 5 Common Mistakes Every Unorganized Tax-payer Makes

Planning tax does not always have to be overwhelming. Like you, I too was once a beginner who was struggling with tax planning and filing. I made silly mistakes like exploring only section 80C, making wrong investments at the last minute and not structuring my salary well.

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December
29
2017
4 Surprising Financial Lessons from Santa

Hi Dear Children,

Thank you for your wishes and letters. I read each of your letter and I am brimming with joy to see how concerned you all are in taking charge of your finances. Financial independence is the biggest gift you can give to yourself and your family.

What you earn is important, but what you do with your earnings is more important.

As a response to some of your letters asking for financial advice, I have penned down 4 lessons from my personal experiences. Hope you will find it useful and would apply in the new year. But before that, I have tried my hand at editing the jingle to match my advice. Enjoy!

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