Tip Tuesdays: The Cycle of Personal Finance

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I think personal finance is a cycle of events and actions: Identify your Financial Goals. Outline a Strategy to achieve your Financial Goals Pick Financial Instruments that execute this Strategy. Monitor and take preventive/corrective actions when necessary. Financial Goals => Strategy => Financial Instruments. Any other sequence and the result is almost always financial disaster. […]

Awareness Fridays: Can You Access Your Credit Information Report?

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I’ve previously written about the Credit Information Bureau (India) Limited (CIBIL). To repeat, CIBIL or Credit Information Bureau (India) Limited is India’s first credit information bureau and is a repository of information, which contains the credit history of commercial and consumer borrowers. CIBIL provides this information to its Members (i.e. banks and other financial institutions) […]

CRM Horrors: A PIN is Just to Prick You

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It’s no secret that I find HSBC quite lame. In spite of these, I still have a credit card from HSBC — simply because it’s the only credit card and credit card history that I have. Yesterday, I used my Telephone Banking PIN to check up on the outstanding balance. Normally, the call is fully […]

Tweets on 2009-06-24

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Yesterday, I talked about why it makes sense to have a higher basic pay as part of your salary? My friend and guest blogger Shilpa immediately took my calculations forward in order to determine what difference the basic pay would make to your take home salary. Grab a copy of her calculations. What do you […]

Tweets on 2009-06-15

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Mutual funds are a grossly mis-sold, mis-positioned, and mis-communicated financial product in India — Dipen Seth, Money Today, June 25, 2009. Add misunderstood to that list. Add Unit Linked Insurance Plans (ULIPs) to that list.