Finance

The Truth Always Lies In the Calculations

Do you want to know what the impact on your income tax payable will be when the new income tax rules come into effect? Do you want to know what the impact on your home loan tenure will be if you decide to prepay a certain amount? Do you want to know what the EMI on that personal loan you’ve been contemplating will be? Do you want to know what the penalty for preclosing your vehicle loan two years into the loan tenure will be? Do you want to understand how that seemingly interest-free offer on that shiny new LCD TV works?

In general, the impact of any financial decision or financial choice you make is best understood by running the numbers. Because, the truth always lies in the calculations.

What do you think?

One thought on “The Truth Always Lies In the Calculations

  1. Agree completely!

    Many times the offers is simply too good to be true, but the real danger is offers that seem honest and straightforward. I have learnt a lot from this blog, now I run the numbers, have checked my CIBIL report & have cancelled all but one of my credit cards.

    Did you know? On top of its charges for various “services” it provides ICICIBank charges to close an account too! :D

    Caveat Emptor!!!

Leave a Reply