My Diary Pages

So, the markets crashed last Friday. " Carnage in Indian markets... "- the headline screamed to make me aware about the situation. Our very own Rupee is stripping in front of the mighty Dollar. It is a guessing game that up to what extent Rupee will fall. And to add to this chaos, our government has revealed too many scams to undermine the traces of faith in the system. How does this make an impact on a common Indian woman like me? I do not have an impressive portfolio of shares. So what if markets crashed? Sorry Rupee!!! But your great fall is not affecting me directly so far. Scams make me realize that how less I earn compared to the amount involved in the scams.But other than self-pity, scams do not affect me either. But somewhere deep inside, I'm scared. Will my job be safe in the gloomy slowdown conditions? When will the falling and angry Rupee start pinching my household budget? How soon eating my favorite pizza each weekend w...

It is that time of the year when my employer asks me to show the proof of investments I have made for tax saving; a gentle reminder that being a defaulter would lead to deduction of tax at source from my next month's salary. So, basically I need to part away with my hard-earned money- either park it in some financial plans (ashamed to admit, I'm yet to start with one) or let my next month's salary get shrunk post tax deduction at source. Even though I would be more interested to save the money and splurge it on myself, I'm bound to think about the terms like savings and investments (which is good somehow for a wayward investor like me!) So, how an investor like me behaves in a year? In the first month of every new financial year, I'm high on hopes about managing my money well, taking wise decisions about investments and savings. Trust me, I take this resolution every year. On the first day of the first month of a financial year, I spread out my fina...