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Shruti Arora

I am a CERTIFIED FINANCIAL PLANNER & have worked at Banking and Non-banking Financial Companies.

4 Milestones To Reach Before You Start Investing

Everyone wants to be rich and wealthy, and the best way to earn more money is to let it work for you by investing it properly. Add to the fact that nowadays one can start investing with as little as ₹500 in mutual funds, everyone wanting higher returns is ready to jump into this world. But is it the right time to start your investment journey?

To get the most out of your investment, it is important that you should reach a few essential financial milestones before starting your investment journey. Diving into investing without a proper foundation is risky and foolish. Take care of the following financial to-do list before you start investing: Read More

6 Ways To Get Out of Bad Spending Habits

Impulse buying, going over-budget, showing off, buying everything that’s on sale are all signs of bad spending. When such a spending pattern turns into a habit it causes problems.

Bad spending habits have a huge impact on your financial well being. They are a blow to your budget & can increase your debt. They can also be very difficult to overcome. Marketers spend billions of dollars every year on packaging, promotions, advertising, conversion optimisation, consumer behaviour research & subliminal messaging – all to make sure you buy more & more.

All this psychological manipulation can sometimes feel overwhelming. You buy things you don’t need, wasting money that could have been better utilised elsewhere. But a few smart strategies can help. Let’s get rid of these bad spending habits with the help of the following tips, so that you can bring your financial life back on track:

Read More

Mutual Fund SIP vs Loan EMI: Which One Should You Choose?

These days it is very easy to purchase whatever one wishes for. Almost everything is available with a small down payment, be it the latest gadgets, home appliances or cars. You name it and chances are you will find an EMI or equated monthly installment solution for your desired purchase. Consumers looking for instant gratification are scooping up these offers like candies, they get to use the product right now and pay for it later, what’s not to like?

Well if you look closely you will be enraged!
Do you know how much extra you are paying for this so called ease and comfort? Lets understand this with help of an example.

Let’s say you want to buy a car of 7 lakhs. For this you pay 1 lakh as down payment and take 6 lakh loan @ 10% for 3 years. Now let’s understand how this 6 lakh loan works. Read More

Investing for Short Term Goals

Stock markets provide the highest possible returns among all asset classes in the long term. If you have time on your side and can stay invested for a long duration, investing in equity is the best bet. But what about short term?

Where should you invest if you can spare your money only for a few years?
Can the stock market be your friend in such a scenario?

First let’s understand what is meant by short-term goals. When you are investing for something in the not so distant future, like buying a car in 3 years or an exotic vacation next year, in other words when you have a limited time frame (less than 5 years), it is considered short term.

Now, selecting an investment vehicle for near future goals is always tricky. Invest in stock market and you might lose the money in its fluctuations or keep it in a savings account and you will not be able to beat inflation. So how to achieve that goal? Read More

Getting Your First Job? Here’s 6 Things You Should Do

first job financial planningGood work on landing your first job! I’m sure right now you are filled with pride & feeling invincible.

But remember with great power comes great responsibility, it’s your responsibility to handle your finances carefully. Don’t worry it’s not rocket science, all you have to do is develop good money habits from the start by following the below checklist. Your older self will be grateful to you if you start taking care of your hard-earned money from the get-go.

Just work on the following, it will give you a head start in managing your money. Read More

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Riches Await

Investment principles, strategies & discipline