#WhatTheFinance – What Is The National Pension Scheme And How Does It Work?

national pension scheme, nps, nps vs mutual fund, nps faqs, what is nps, what is national pension scheme

One of the great things about having a feedback page is that you get some great post ideas! I received a message from a reader asking me to break down the National Pension Scheme or the NPS. So without any further ado –

What is the National Pension Scheme?

The National Pension Scheme is a savings scheme wherein you can pay a certain amount of money into a pension account every month during the course of your working life. This money, in turn, will be invested on your behalf. When you reach retirement age (sixty years), the money becomes available to you, under certain conditions. Read More

I Completed SIX MONTHS of No-Buying – An Honest Update

I completed 6 months of No-Buying about three weeks ago. During these six months I didn’t buy a single item of western clothing, shoes, bags or makeup. And honestly, it wasn’t even that hard. Here’s why –

No-Buying is A Habit

You know how they say that you need to get your head into the game if you want to be successful at taking on a diet? Because making responsible eating choices is a habit – and similarly, making responsible purchases are also a habit. I took on the no-buy because I was sick of the crap that I had accumulated over the years – I had way too many clothes, way too much makeup, way too much stuff and yet, I wasn’t happy. Every time I was tempted to make a purchase, I reminded myself of how shitty I felt when I went through my stuff and I forced myself to introspect every time I saw something that I liked – Read More

I Figured Out The Menstrual Cup – Boondh Cup Review

boondh cup, boondh cup review, menstrual cup review, menstrual cup tips, menstrual cup india

One of my resolutions for 2018 was to make my period as eco-friendly as possible. It took about 9 months for my period to return post-baby and I had initially purchased the Eco-Femme Cloth Pads (which were a great alternative to regular pads) but it wasn’t long before I was informed about the sustainable period miracle that is the menstrual cup. I got a lot of recommendations for the Boondh Cup, which I ended up purchasing. It took me a few months to figure it out so I thought I’d share my thoughts here. Read More

How To Save Money For A Holiday!

save money for holiday, saving money for holiday, how to save for a holiday, save money for vacation, save money travel

Hello! Just popping in to say that I have written not one, but two articles on how to save money for a holiday and other holiday and travel related money hacks, for Verve and The News Minute and I’ve compiled both of them for the blog (including a bonus tip for the blog!). I feel like with the advent/invasion of social media, taking a holiday has become some kind of public outing and there’s no denying a certain kind of pressure to travel to really exotic/fancy places, which doesn’t come cheap. We travel to spend quality time with the people we want to (and ourselves) but lately, I see that people are putting on like, a show, when they go on vacation, with constant Instagram stories and facebook updates. I’m guilty of this myself and I am consciously going to avoid it henceforth – while I do enjoy sharing on social media, I definitely want to let go of the ‘upload right here right now’ attitude and enjoy the moment (by the way, if you’re holidaying in Europe, staying in the moment will also help you protect your belongings from pickpockets). Read More

Why I Absolutely Loathe ULIPs and Insurance Investment Schemes

I recently wrote about why ULIPs aren’t a great investment for my Rupee Rani column and I thought I’d write a quick post here talking about my own ULIP experience.

ULIPs or Unit Linked Insurance Plans combine insurance with investment. Basically, insurance companies collect money from you to invest on your behalf while they also give you life insurance cover. So, it’s like a Mutual Fund in a way, with an amount of money that is promised to your family in case you die (how cheerful!). I was made to invest in one back in 2012 because of my incredibly pushy bank branch manager and my inability to say no back then. I’ve only regretted it since. For starters, the money doesn’t come back to you until the policy period matures and retrieving it before it does is an incredible pain in the ass. So I’m stuck paying premiums until 2019 and will only receive the returns in 2022.

The second reason is something that I realized more recently. It is the amount of money that you will have to pay in “Charges” for your ULIP – basically, they’re the Insurance company’s expenses that are not invested on your behalf. They are exorbitant and more importantly, insurance companies are incredibly sneaky in the way that they portray them to be minor. Read More

I Conducted A Workshop On Personal Finance!

For some reason, I feel like it’s been 2018 for a while now. 2017 seemed to pass by in a blink, but 2018 seems to be taking its time and truthfully, I am okay with that. ANYWAY, about six months ago, a lovely person from Flextronics, I’m going to call her ‘A’, sent me an email asking if I would be interested in conducting a small workshop with the women employees there about personal finance and the basics of personal finance. When I first read the email, my immediate reaction was to decline because I thought I wouldn’t be able to handle it – I mean, I’m just a dork with a blog. I told her my baby was a little too tiny to be left alone (he was!) and asked if she would be able to reschedule to early 2018, while fervently praying that she would forget about it altogether. Read More

The Greatest Lesson That My Crocs Taught Me

I bought myself a pair of Crocs a few months into my pregnancy. The flats I’d been wearing until then were comfortable before pregnancy, but a few months in, I found myself having pain around my soles because I needed more cushioning. I wasn’t a fan of the design by any means, but they were incredibly comfortable and I wore them through my pregnancy and beyond, ugly design be damned. Read More

#WhatTheFinance – A Basic Guide To BitCoin and CryptoCurrencies

There has been a lot of talk about bitcoin the past few months so I thought I’d write a basic guide to bitcoin and other cryptocurrencies. I did write a guide for TheNewsMinute last week, but I felt like I could go even more basic for the blog. A bit of a disclaimer though – I am not a tech person, so if there is something that I’ve misunderstood or if there’s something that you think I could have explained better, please point it out to me! So without further ado – Read More

How’s That No Buy Coming Along?

Happy New Year! Hope the first twenty days of 2018 have been going well for you. It’s been going well so far, although I do feel overwhelmed from time to time with the baby and all the projects that I have on hand. I am trying my best to cut down on doing everything and instead, prioritize and allocate time for leisure and catch up with my now never-ending reading list. I think part of the stress is because of baby’s first birthday party (I still can’t believe he’s going to be one tomorrow!) and my (not so) great idea to do/DIY the party decor. Actually, all my stress is because of this party. If I do pull it off, I’ll be sure to post photos here and show you ways you can make cute stuff on the cheap! Read More