#WhatTheFinance: A Basic Introduction To Credit Cards

I was 18 when my father gave me my first credit card, an American Express add-on card that I could use only in the case of emergencies. I was very excited about that card – I even considered it to be my financial coming of age. Looking back, my American Express card was probably the worst card I could’ve had for “emergencies”, simply because not a single store accepted the card back then. Read More

Here’s Why You Should Know How To Calculate Return On Investment

Note: This post was edited on January 12th 2018 because the graphic showing return on investment for 8 months was wrong, as pointed out by commenter NMK. I try very hard to avoid mistakes, but shit happens! Always grateful to readers who point it out. I’ll also ensure that it doesn’t happen again. Check, double check, triple check! Thank you.  Read More

#WhatTheFinance – What Are Mutual Funds?

In my previous post, I had written that I would write about calculating returns on Mutual Funds. However, I got comments asking for a basic guide to Mutual Funds, so I guess it would make more sense to talk about what Mutual Funds are, in greater detail, before I talked about calculating returns. I wrote a guide to Mutual Funds as part of my Rupee Rani  column, and I wanted to consolidate them, initially, but changed my mind. An overdose of information is likely to cause more confusion than provide clarity. Instead, I have broken down my guide to short posts, which I hope will be more clear. Read More