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).
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.
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.
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.
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 –
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!
And just like that, another year comes to an end. 2017 has been a pretty eventful year for me, to say the least – I had a baby, I took on a lot of new work and finally got down to creating this blog! It’s so hard to believe that 2018 begins like, day after tomorrow.
A Balanced Investment Portfolio is a selection of investments that is capable of both providing growth as well as mitigating risks. I promise you that figuring out a balanced portfolio (so important) isn’t as boring as you think it might be.
Let’s begin at the very beginning. Your investment portfolio comprises all the investments that you possess or that you have made in your name thus far. I’m not talking just about shares – it can be Fixed Deposits, it can be Bonds, it can be Gold, it can be real estate. Essentially, anything and everything that you’ve set aside for retirement, a specific goal like a house or car, or a rainy day. Now that we know what a portfolio is, let’s get into risk, which is crucial for understanding how to get a Balanced Investment Portfolio.’
I know I said I’d talk about Balanced Portfolios in my previous post, but something happened yesterday that made me wonder – why do I shop when I am stressed?
So I Had A Bad Day
Ok, so remember my no-buy? I’d actually been doing pretty well. I haven’t bought myself any item of fashion or makeup ever since I decided on it. I skipped the Black Friday sales and even the holiday sales that are going on right now haven’t tempted me into buying anything. All that amazing progress, however, nearly came to a grinding halt yesterday. So I had had a terrible morning and a completely unproductive and generally crap day at work. As I made my way out of office, my first instinct was to deal with a bad day at work the way I always have before – by going to a mall and buying something new and shiny for myself.
There’s a great deal of fantastic financial advice from seasoned experts out there in the world, but the reason so many of us aren’t able to act on it is that experts generally tend to use technical terms or employ finance jargon. So when a finance expert says something like ‘you need to diversify your equity holdings’, the first question that pops into your head is what is equity, even?