I also asked D, why she didn’t own a credit card. Her response: I don’t believe in the mechanism of credit — it’s not my money to begin with. By credit, I include credit cards, loans, overdrafts etc. — any money that’s not mine. I’m also not aware of the procedures to repay the amount. […]
I was curious to know why a friend of mine didn’t own a credit card — especially in this day and age. My friend’s response: Haasige iddashtu kaalu chaachu (idiom for: I don’t want to spend money that’s not mine to begin with). Add to that the hassles of remembering payment due dates, amounts, etc. […]
A friend and I were discussing about the New Pension Scheme when my friend commented, It’s too nascent. The risk is very high. They don’t even mention the interest upfront. Based on your selection and market trends, the sum accumulates. Then there is a commission involved. I wonder what’s the idea behind charging a commission. […]
Following my post on failed ATM transactions, a reader wrote in with his story. On October 15, 2008, I tried to withdraw Rs 4,000 using my Citibank debit card at an HSBC ATM. The peculiar thing about HSBC ATMs is that the transaction slip is printed before the cash is dispensed. Unfortunately, there was a […]
Read this article and this article. I’ve been crying myself hoarse on why you should opt for independent health coverage even if your employer currently provides one. I hope you’ve already taken this all important step.
A reader recently wrote: I have a friend who needs some guidance on a problem she’s facing with her Barclays Credit Card. Barclays is forcing her to avail a membership called Barclays Priority Circle. They call her several times a day asking her to pay around Rs 9,000 as membership fee and late payment charges. […]
A reader asks, I want to contribute for my sister’s marriage which we’ve planned for in two years’ time. Could you suggest the best possible short-term investment plan for this purpose? My suggestion: Park your money in bank fixed deposits. They’re safe, offer decent returns, are liquid if planned for correctly, and more importantly, match […]
The past one-and-half months have been traumatic as my mother’s health has steadily deteriorated into a critical condition. We’ve given her the best medical care possible — probably that’s what has kept her going this far. I couldn’t have afforded this medical care if it were not for three things: Clearing my debts and keeping […]