Tweets on 2010-08-14

August 14, 2010

If you and your partner are not in agreement with your long-term plans, actions on behalf of those long-term plans are useless. Source: amzn.to/bMo6qk D and I have a long-term goal: Financial Independence.

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Marriage and Finances — An Introduction

August 13, 2010

When D entered my life, one of my plans for this blog was to write about aspects of personal finance as a couple. I didn’t get a chance to really work on this idea until now — and that’s a good thing because it’s been nearly an year and a half since I met D [...]

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Tweets on 2010-08-11 — The Before-Tax Cost Of Living

August 11, 2010

This post had me thinking. And when you’re in the highest tax-bracket, it makes you think even more.

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Tip Tuesdays: Why You Should Cover For Your Household Expenses A Month In Advance?

August 10, 2010

I’ve previously written about how to cover for your household expenses in advance especially if you’re not paid on the last working day of the month. This technique also proves useful in a few other situations: When there is a delay — for whatever reason, be it salary processing, bank holidays, and such — from [...]

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Tweets on 2010-08-08

August 8, 2010

While transacting on icicibank.com: Hum [has rahen] hain na?

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Tweets on 2010-08-07

August 7, 2010

What you do about your money when you are 30, 40, or 50 will determine whether you can retire comfortably at 60, 65, or 70. Ideally, the wise or foresighted individual will begin to save regularly at age 30, putting aside as much money as he or she can, month after month and year after [...]

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Tweets on 2010-08-06 — Income vs Expenses

August 6, 2010
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Investment Strategies: How Can I Structure A Job Loss Emergency Fund?

August 5, 2010

A colleague asked, I want to set aside an emergency fund purely to handle any loss of employment situation that I might face. What would you recommend? Here’s what I recommend: First, estimate your monthly expenses (including EMIs, monthly savings for annual expenses, and routine household expenses). Let’s say this amount is M. Structure a [...]

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Tweets on 2010-08-04

August 4, 2010

The reason to pay down and eliminate your debts is that it opens up a great deal of personal freedom in your life — freedom to change careers, freedom to try new things, and freedom to take advantage of opportunities. Debt is the opposite of freedom — it reduces your opportunities and leaves you with [...]

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Tip Tuesdays: A Method For Repaying Your Credit Card Debt

August 3, 2010

If you find yourself drowning in credit card debt and have no idea on how you’re ever going to repay all that debt, you can try the Dead on Last Payment technique. The method focuses on quick psychological wins — definitely what you need when you’re swamped with credit card debt. Let me know if [...]

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Tweets on 2010-08-01

August 1, 2010

Do you see any advantage in using “premium” fuel for your vehicle or is it simply a cost that you should avoid? I’ve owned both a Santro (sold at 45,000+ kms) and a Swift (currently at 32,000+ kms) and have never ever seen a performance/mileage difference when using “premium” fuel. Note: I didn’t run-in my [...]

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Tweets on 2010-07-31 — Thinking vs Doing

July 31, 2010

You can’t positively think your way to wealth. You have to positively DO your way to wealth. Source: amzn.to/arnUJN And I was, for a long time, thinking.

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What Do You Look For In A Job?

July 30, 2010

Would you opt for a higher compensation in lieu of a shorter commute, flexible working hours, the ability to work from home when needed, and wearing what you want to work? I certainly wouldn’t and I’ve been fortunate enough to have the financial flexibility to choose the latter. Having a solid emergency fund in place [...]

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Investment Strategies: How Should I Invest The Proceeds From My Employee Provident Fund?

July 29, 2010

A friend asked, I’m in the midst of changing jobs and have opted to withdraw the savings in my Employee Provident Fund. It’s a decent sum — around Rs 300,000 — and I wish to keep this money safe. Is there a way I can achieve this and yet earn a steady income? My immediate [...]

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Tweets on 2010-07-28 — Inflation and Salary Hikes

July 28, 2010

Can inflation be a reason when justifying a request for a salary hike at work? I’d say YES. What do you say? Thanks S, for the discussion leading to this post.

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Tip Tuesdays: What You Should Do With Those Redeemable Vehicle Parking Coupons

July 27, 2010

At Central, I kept the [same day only] redeemable vehicle parking coupon in my pocket and conveniently forgot to produce it during billing. A couple of days later, at Reliance Timeout, I made it a point to keep the coupon along with the cash in my wallet and since I pay for most things with [...]

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Tweets on 2010-07-22 — How Tough Can It Get When You Want To Buy Insurance?

July 22, 2010

The only long-term disability insurance product that I have seen on offer by Indian insurance companies is Tata AIG’s Secured Future Plan. The insurance payout scenario is excellent: at the highest level you get Rs 35,000 per month guaranteed for 20 years. However, no one at Tata AIG wants to sell you this policy! I’ve [...]

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Tweets on 2010-07-21

July 21, 2010

You don’t manage money. What you do is manage your choices. Source: amzn.to/b2RXrw What do you think?

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Tip Tuesdays: Restaurant Tipping — Does Your Bill Already Levy A Service Charge?

July 20, 2010

At Pizza Hut, we were about to leave a service tip when D observed that the bill already had levied a 10% service charge. How a service establishment can fix a fixed service charge is beyond my understanding. Do service charges scale linearly with the size of the group being served? Would you leave a [...]

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Organizing Your Finances: How To Create Your Personal Finances Folder?

July 19, 2010

Each Monday morning, I plan to post my thoughts on Organizing Your Finances. Through this series, I hope to share a tip or two that address a common problem that many of us face in our daily lives — that of organizing our finances. I’d love to hear your thoughts on this initiative and would [...]

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