Category: Insurance

5 things that help you never run out of money

You have just started earning and are super excited about this monthly amount that is entirely yours to spend. We all have a list of things we want to do with ‘our own money’. Like, buy that expensive gadget, shop for our parents, siblings, buy that expensive gift for the boy/girlfriend and treat our friends. With your first paycheck also comes the first financial advice from your parents – ‘budget your income’ and ‘save for the adverse times’. Let us see below how making a budget and saving for the rainy day along with some other tips might help you live a financially secure and fulfilling life even if you feel your earnings are meager.

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5 Financial Lessons hidden as Life Lessons from our Mothers

Our mother is our first and best teacher, we all know! They seem to know best about everything! Earning or not, we all think our mother is the best in family at financial management. Even though our father might have given us our first pocket money, it is our mother who taught us how to save and spend it wisely.

As a tribute to all the mothers of the world (did you forget it is Mother’s Day on 13th May?), we at SLA are celebrating their financial tutelage by listing out the best lessons from the pool of maternal money wisdom and sensibility. Continue reading “5 Financial Lessons hidden as Life Lessons from our Mothers”

5 financial tips to help women plan wisely

Women have always stayed away from finance related decision making; giving rise to a myth that women can’t handle finances. Interestingly, women themselves take a step back when it comes to financial management. Educated or not, working and even financially independent women almost always let their fathers/ husbands/ brothers do the needful instead. However, a lot is being talked about that women should take charge of their finances irrespective whether they are working or not working. Here are some quick pointers that every women whose going to take money matters into their own hands should consider. Continue reading “5 financial tips to help women plan wisely”

7 income tax rules that will change April onwards

Starting new financial year, change in tax rules will not only affect our monthly income but also impact our day to day life. As tax-payers, we must know of these changes and how they are going to affect daily lives. So here are the reforms, that will change from April 1, 2018.

I. Rs. 40,000/- standard deduction and Transport/ Medical allowance will become taxable –Earlier, salaried employees were allowed a deduction of Rs.19200/- under transport allowance and Rs.15000/- as medical reimbursements. They have now been made taxable. Hence no rebates for these allowances even on submission of bills. However, from now salaried employees will be allowed a flat deduction of Rs. 40,000/- from their taxable income for expenses incurred in relation to their employment. And the best is that you don’t need to keep any bills to claim this deduction!
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Financial Planning Tips for Single Parents

 

R0C7A5M4WBSingle parents have a lot to handle. They not only act as a sole provider of care or emotional support for their children but they may also be the sole financial provider for their children. If you are a single parent you need to consider these things while coming up with a prudent plan. Continue reading “Financial Planning Tips for Single Parents”