The Government of India has simplified GST in 2025. Instead of four slabs (5%, 12%, 18%, 28%), now there are only two major GST rates – 5% and 18%. Essentials like food, medicines, school supplies, and health insurance are either GST-free or taxed at just 5%, while luxury goods such as cars, tobacco, and five-star … Read more
In today’s scenario, money management is more important than ever. Whether you earn a small salary or a big package, if you don’t know how to build your personal finance, you may struggle to meet life’s needs and future goals. But don’t worry—this guide will show you simple steps to grow and protect your money, … Read more
The 40% EMI Rule in personal finance suggests that your monthly EMI payments for loans/debts should never exceed 40% of your monthly take home salary. This rule helps maintain healthy financial stability and ensures you don’t overburden yourself with debt or loan. The Story: A Financial Lesson in the Fields The Excitement of a First … Read more
For disciplined investing, it is wise to follow the 1st Week Rule of Investment. As soon as your salary is credited to your bank, you should invest 20% of it into your future savings and investments. Let’s understand the 1st Week Rule of Investment in a bit more detail. Do you find it difficult to … Read more
The 50-30-20 rule is a very simple and widely known way to manage money. It suggests dividing your monthly take-home salary into three parts: 50% for Needs – Essentials like rent, groceries, and bills.30% for Wants – Fun things like shopping, eating out, and entertainment.20% for Savings – Future goals, investments, or paying off debt. … Read more
The fundamental idea behind age-based asset allocation is that as you get older, your exposure to investing risk must come down. Since these investments have a larger risk but provide higher return, it is sometimes referred to as the proportion of equity/stocks in your portfolio. Example: Suppose your age is 40 then, 100 – 40 … Read more
A rule of 72 is a simple formula to determine how long the invested money will take to double. It follows below mentioned formula. Years to Double = 72 / Annual Interest Rate (%). For example: If you invest Rs 1000 at 8% annual return, the time it takes to double is: Years to double = 72 / 8 = … Read more
