Marriage and Finances: Each Should Know The Other’s Liabilities Because They Become Our Liabilities

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One of the most important things that you ought to know about your spouse before marriage is the financial liabilities that he/she brings into the relationship. Because, after marriage, they really do become “our” liabilities. In our case, I’d explicitly mentioned to D that the Swift was on a loan — I recollect mentioning the […]

What’s Your Fallback?

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At work, our Director of Product Management was presenting when he mentioned the term “fallback” in context of our products. That term struck a deep note because your success in your personal finances depends to a large extent on the fallback mechanisms that you have in place. I can immediately think of these fallback mechanisms: […]

Tip Tuesdays: When You Pre-Close Your Loan, It’s Also A Good Idea To Issue A Stop Payment On Your EMI

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The EMIs for my car loan from Axis Bank were automatically deducted through ECS from my ICICI Bank account. Recently, when I pre-closed this loan, the staff at Axis Bank asked me to additionally issue a stop payment for the EMIs through ICICI Bank. It’s just a precautionary measure, they said, and isn’t really required […]

Tweets on 2010-09-11

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Continuing my thoughts that I first posted a couple of weeks back, here’s a must-read from Morningstar on the long-run: “When the long-term doesn’t pay off.” I love the advice given at the end: For equity investors, the importance of a long-term investment horizon cannot be overstated. However, it should be understood that the long-term […]