Breakups are not just emotionally brutal â they can be financially devastating too. Think about it: shared Netflix accounts, co-signed rent agreements, couple trips on EMI, gifts bought on credit, and emotionally-triggered impulsive spending. Ouch! In India, where relationships are becoming more independent and financially entangled, budgeting for a breakup isnât just smart, itâs essential….
The FIRE movement can be a life-changer even for those who donât plan to retire early. Rasheeda Creighton, of Richmond, Va., discovered FIREâFinancial Independence, Retire Earlyâat a time when she needed it: She was going through a divorce, had a toddler, and didnât know how far her retirement savings would take her. At 40, she…
Now, imagine the same matchâsame players, same chaseâbut this time, no one tells them the target. Just go out and bat. Sounds absurd, right? And yet, thatâs exactly how most people approach their financial goals. We invest, save, and take risksâall without knowing our own required rate of return (RRR)âthe personal target that should guide…
Americans have a complicated relationship with wealth. On one hand, 73% of millennials aspire to be members of the three-comma club [in US dollar terms]. On the other, 71% of the countryâs population believes billionaires arenât doing enough with their fortunes to better US society. Often, those outside wealthy circles are the loudest critics of…
Many people spend their lives chasing wealth, believing it to be the ultimate measure of success. Yet, despite amassing fortunes, they find themselves unfulfilled. Is money really the key to happiness, or is there something more? Money as a measure of success In todayâs world, success is often equated with wealth and material possessions. While…
This financial tool offers a unique solution for elderly homeowners who may have significant home equity but few liquid assets. However, it also presents challenges and potential pitfalls that must be carefully considered before diving in. Let us explore the concept of reverse mortgages, their potential benefits and downsides in the context of the Indian…
Tired of your 9-to-5 job and want to rather sprawl cross-legged near a beach while hearing the rumble of sea waves crashing into the shores? This may sound too tempting, albeit unrealistic, however a number of young people are working tirelessly to make this goal a reality in pursuit of what is known as Financial…
When shopping for everyday items like personal care products and clothing, women often face a hidden cost known as the âPink Taxâ. This phenomenon refers to the higher prices charged for products and services marketed to women than those marketed to men. The pink tax is more than just a pricing variation; it’s a reflection…
