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How to finally start saving money and get rich this year

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Photo: Rupi Xen/ Unsplash By  Chandni Sehgal     MONEY  December 31, 2019  How to finally start saving money and get rich this year Start the new decade on a fresh Rs 2,000 note My idea of money management so far has been shoving spare change into a delightful beer barrel-shaped piggy bank, and convincing myself not to click checkout on another 3 shades of red lipstick. It took 9 years of being gainfully employed and a  terrible  payout from the  PPF  of a 6-year long job for me to realise that I hadn’t really been saving money. Unless I curtailed expenses and actively invested, all I’d have to show at the  end of my career  was a dwindling bank account, way too many post-its and possibly, Carpal tunnel syndrome. So I began to read about FDs, SIPs, LICs, OMGs and WTFs. I found that saving money isn’t just about designating a percent of your monthly paycheque towards a  recurring deposit . At least not according to Binoli Dodhiw...

The Savings Series: How a single mother manages her money

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By  Nikhita Arora     MONEY  October 24, 2019  The Savings Series: How a single mother manages her money A superwoman’s guide to finances Motherhood pushes buttons you didn’t even know existed – one little sole-piercing Lego block at a time. Having a baby might be the best thing to happen to you, but it also means learning how to function on two hours of shut-eye, decoding lesson plans more complex than secret services’ encrypted messages, and devising strategies of your own to  sneak in some veggies  into the little monsters’ dabbas. This life-altering experience could very well be dubbed the Endurance Olympics. And if you’re a single mother, you manage to do all of this and more by yourself. Binoli Dodhiwala Juggling the home and kids while being the sole breadwinner is not easy, and managing finances often takes a back seat when catering to immediate wants and needs. However, financial security can take away a major chunk of the burden a single moth...

Let your children and their SIPs grow together

Here the weekly recording on Radio One 94.3 FM on the topic Let your children and your children grow together.  Feb 11- Feb 16, 2019; Radio One 94.3 FM https://soundcloud.com/uti-mf/let-your-children-and-their-sips-grow-together-binoli-dodhiwala

‘When it comes to financial decisions 57% of women leaders go solo’

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‘When it comes to financial decisions 57% of women leaders go solo’ Taking charge of their finances makes them feel that they are in charge of themselves and their lives, says a recent CII Indian Women Network report. Team Cafemutual  Nov 11, 2018 Contrary to popular belief that women depend on their spouses or relatives to take financial decisions, a recent study published by CII Indian Women Network (CII-IWN) found that majority (nearly 57%) of women leaders plan their finances and financial futures independently. Among the rest, 36.67% took their financial decisions collaboratively with spouse or father and 6% of women said that the spouse manages their finances and investments. The report further shows that women prefer to be financially independent as it helps raise their self-confidence and makes them feel independent and more self-sufficient. Taking charge of their finances makes them feel that they are in charge of themselves and their lives. Having financial independence p...

Myths about financial planning

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Article in Mint Newspaper

Kaun Banega Crorepati: The Game Plan

Article in Hindustan Times Newspaper