On this website you can learn about financial planning and its steps like building emergency fund, insurance (life and health), child education and marriage planning, retirement planning, estate planning and tax planning. We also write about reviews of banking, insurance and mutual products and services.
i2i funding.com: P2P online lending platform
In this article we explore i2i funding.com which is a P2P online lending platform. Just like banks and NBFCs, you too can give loans to individual borrowers and earn interest up to 30%. In this article, we explain step-by-step the process of investing in loans. You will know how to register as an investor, select borrowers whom you want to lend, and sit back and see EMIs getting deposited in your bank account, month after month.
6 term insurance plans: Comparison of claim settlement ratio, premiums and features
In this article, we compare the claim settlement ratios of insurance companies for the years 2015-16, 2014-15, 2013-14. We also compare the premiums and features of term plans of 6 life insurance companies. These include: LIC e-Term, Max Life Online Term Plan Plus, Kotak Life Preferred e-Term Plan, Edelweiss Tokio Life TotalSecure+, ICICI Prudential iProtect Smart and HDFC Life Click2Protect 3D Plus
Comprehensive Financial Planning
This article on the comprehensive process. It explains the building blocks of a proper systematic financial plan that you should have in place to meet your financial goals in life and also to be prepared for any emergencies/contingencies in life. The steps are building an emergency fund, life insurance for the bread earner, medical insurance for the entire family, children’s education planning and marriage planning and retirement planning. This article explains all these step-by-step. The entire process also takes care of tax planning.
Sample Financial Plan
This article is a sample financial plan made for a client. The plan covers various aspects of planning like emergency fund, life insurance for the family bread earner, health insurance for the entire family, children’s education planning, children’s marriage planning, retirement planning, home planning, tax planning. In short it covers comprehensive financial planning.
Goal Based Planning (I) – Child Higher Education Planning
This article explains step-by-step how to go about building a fund for your child’s higher education. The article includes the following steps: Calculating current cost of the course and available time horizon, Calculating the future cost of the course, Making an investment plan, Implementing the plan, Reviewing the plan.
Goal Based Planning (II) – Child Marriage Planning
This article explains step-by-step how to go about building a marriage fund for your child’s marriage. The article includes the following steps: Calculating present cost of the marriage and the years remaining for marriage, Calculating the future cost of the marriage taking into account inflation, Making a roadmap for achieving the goal, Implementing the plan, Reviewing the plan.
Goal Based Planning (III) – Accumulating Gold for Daughter’s Marriage
This article explains step-by-step how to go about accumulating gold for your daughter’s wedding. The article includes the following steps: Decide how much gold you require? Decide when do you need the gold? Make a plan on how much gold needs to be bought every month, implementation of the plan.
Goal Based Planning (IV) – Building a Retirement Fund
This article explains step-by-step how to go about building a retirement fund for your golden years. The article includes the following steps: Calculate expenses at the beginning of retirement, Growth in expenses during retirement years, Calculating the retirement corpus, Making a roadmap for building the retirement fund, Implementing the plan, Reviewing the plan.
Goal Based Financial Planning (V) – How much insurance should you take? Human Life Value
This article throws some light on how much life insurance a person should take. It explains the various ways of arriving at the economic value of a person throughout his working career and accordingly how much life insurance he/she should buy.
Tax Planning: Demystifying Section 80C of the Income Tax Act
This article throws some light on the various financial products included in Section 80C of the Income Tax Act which can be used by individuals for investments and thereby income tax saving. The article also explains the characteristics of these products and what an individual expects by investing in these financial products.
Home Loan Repayment
This article throws some light on how by making regular pre-payments you can finish your home loan before the normal tenure. This results in saving in interest and at the same time the loan gets over before schedule resulting in lower number of EMI’s. The article explains how by increasing your EMI by 5% or 10% annually how much you can save in interest cost and reduced number of EMI’s.
Kaun Banega Crorepati: How to build your Rs. 1 Crore
The article explains how by making small monthly investments in a disciplined manner a person can become crorepati by retirement. If a 30 year old person invests for the next 30 years till his/her retirement, an investment of Rs 1797 per month is all it will take to reach the magic figure of 1 crore, if the investment earns an annual return of 15%. So are you also excited and interested in becoming a crorepati???
This article throws some light on what Gold ETFs are. It also explains the difference between investing in gold the traditional way (buying physical gold) and investing in gold through ETFs (electronic/demat) gold. The article also explains how Gold ETFs are an excellent vehicle to accumulate gold for long term goals like accumulating gold for children’s marriage.
Investing in Gold
We Indians are very much obsessed with buying gold. India is one of the largest consumers of gold in the world. This article throws some light on the various ways of buying gold. It explains the traditional ways like jewellery, gold coins and biscuits. It also explores the new emerging ways of buying gold like gold futures and gold ETFs.