Case Study India faces a significant financial literacy gap: only about 27% of adults are considered financially literate, far below the 52% seen in advanced economies. Many borrowers from all strata — students seeking education loans, families taking home loans, and consumers relying on EMIs or digital credit — lack basic knowledge of loan terms.…
Murphy’s Law: The more you fear, the more likely it’s going to happen. Kidlin’s Law: Write down the problem clearly, and it will solve half the problem. Gilbert’s Law: Your task is your responsibility; find the best way to do it. Wilson’s Law: Prioritize learning and knowledge, and money will follow along. Falkland’s Law: If…
Many people know about fixed deposits. But very few know about a smarter way to use it without breaking it—Loan Against Deposits, in short, LD. Here’s a story that might sound familiar. A close friend of mine accumulated Rs 3 lakh in a Bank Fixed Deposit. It did not happen overnight. He started small and…
As a salaried class, loans become an integral part of managing our finances. If you have ever applied for or availed yourself of a loan, you’ve likely noticed that personal loans are always 3-5% higher than home or car loans—irrespective of your employment. Many assume, as it’s not secured, the rate is higher. While that’s…
Recently my friend saved Rs. 10000 for five months, and then he purchased a laptop with this saving. He saw this saving as an investment. Like him, many get confused and think saving and investment are the same thing, just named differently. In reality both involve setting money aside for future use, but they serve…
You have been working for 10-15 years. You are married, maybe have one or two kids, and are living in a rented house or paying EMI for your home loan. Your work life is great, which pays you well. But every month you feel like you’re in a tight spot—EMIs, groceries, school fees, trips, fuel,…
– PT Barnum
The Finance Nest 