Money Basics
Building Multiple Streams of Income
Building multiple streams of income means earning from more than one source, such as a salary plus freelance work, a small business, rent...
Somesh
Welcome to the Blog of Somesh Renganathan where posts related to Personal Finance and Technology are shared.
Money Basics
Should you Stand Guarantor for Someone's Loan?
Standing guarantor for someone's loan means promising the lender that you will repay it if the borrower doesn't. Under Indian la...
Money Basics
Lending Money to Friends and Relatives
Lend money to friends or relatives only if you can afford never to get it back, and when you do lend, agree the amount, purpose and repay...
Money Basics
How to Use Credit Cards Wisely
A credit card is a short-term, unsecured loan: the bank pays the merchant, and you repay the bank later. Used wisely, it is free credit ...
Money Basics
How to Make a Monthly Budget
A monthly budget is a plan for every rupee of your take-home income: how much goes to savings, fixed bills, day-to-day needs and wants, d...
Money Basics
Why Fixed Deposits Alone are Not Enough
Fixed deposits alone are not enough because, for many savers, the interest left after tax barely matches inflation, and sometimes falls s...
Money Basics
What is Inflation and How Does it hurt Savings?
Inflation is the rise in the general level of prices over time, which means each rupee buys a little less every year. It hurts savings b...