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    Personal Finance

    When an individual or a family unit plans to save or spend monetary resources over time, considering various financial risks and future life events, that term is called personal finance. While planning personal finances, the individual normally considers the suitability to his or her needs of a range of banking products or investment in private equity or insurance products. Also, the person even considers participation and monitoring of and- or employer-sponsored retirement plans, social security benefits, and income tax management. Through personal finance education, a family or individual can make rational financial decisions throughout their life regarding the financial management skills. However, personal finance differ based on circumstances of people like income, wealth, and consumption needs. Apart from this, taxes and finance laws also differ from country to country, and market conditions vary geographically and over time. Experts comment that the key component of personal finance is financial planning, which is a dynamic process requiring regular monitoring and re-evaluation. The whole process is divided in 5 parts: assessment, goal setting, plan creation, execution, and monitoring and reassessment. Among others, experts believe personal financial planning areas include: financial position, adequate position, tax planning, investment and accumulation goals, retirement planning, estate planning, delayed gratification, cash management, revisiting written financial plan regularity, and education planning. They also opine that personal finance should be taught in schools. More

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    • What really happens if you ignore recovery calls from lenders

      Missing a payment is one thing. Ignoring the calls that follow can slowly make the situation more complicated.

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      Market rebound offers relief, but sectors linked to crude prices, leverage and global trade may remain vulnerable.

    • Petrol, diesel prices today: Check latest fuel rates in major cities

      Check the latest petrol and diesel prices across major Indian cities, with daily fuel rate updates and key factors influencing retail prices.

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      As volatility rises energy, defence, gold and pharma emerge as tactical sectoral plays.

    • 2-6-10 rule vs reality: How should you plan EMIs instead?

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      For millions of retail investors, the market mayhem has triggered a familiar anxiety

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    • When taking a gold loan actually works—and when it doesn’t

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    • The smart way to build wealth when you start at 35

      You haven’t missed the bus. But you do need to stop strolling and start walking with intent.

    • Which IndiGo credit card should you pick?

      Axis Bank’s entry intensifies IndiGo card competition, pushing travellers to reassess fees, BluChip rewards, and real travel value.

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      Losing your job is scary, but the financial damage doesn’t have to spiral if you act early and calmly.

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      It sounds like free money at checkout, but it rarely behaves that way once the statement arrives.

    • Personal Finance | Good investing is an inward journey

      Insights from value investor Guy Spier, on being selective, understanding own biases, having a clear investment thesis and valuation 

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      Credit card EMI lets you ease cash flow and budgeting, it’s important to understand the fine terms and overall costs before opting in.

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      Equity mutual funds have historically beaten inflation, but time horizon plays a crucial role in delivering meaningful real returns.

    • If your stockbroker shuts down, do you actually lose your investments?

      A broker’s failure feels personal, but your shares and funds don’t vanish with the company. What matters is where they are legally held.

    • 'Haven’t earned that comfort': Woman says avoid these things without Rs 5 lakh in bank. Internet reacts

      The woman advised people to cut down on non-essential expenses and said financial freedom comes with discipline and accountability.

    • Which EMI hurts less: Personal loan or credit card swipe?

      They both promise easy monthly payments, but the maths under the hood is very different.

    • Worried someone took a loan using your PAN? Here’s how to find out

      A quick credit check can tell you whether your PAN is being misused, before the damage spreads.

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