Burn

The Budget for this year (financial year 2023-2024) is out and Union Finance Minister Nirmala Sitharaman has a few incentives that Gen-Z might be interested in. While the college-going folks or the newly-recruited people in their early 20s might not care much about agricultural industry reforms and gold-silver-diamond prices, they might bat an eye for some highlights like mobile phones getting cheaper and clothes getting more expensive.

Giving some relief to the Indian middle class, Union Finance Minister Nirmala Sitharaman has announced to increase the tax exemption limit to Rs 3 lakh and the rebate limit from Rs 5 lakh to Rs 7 lakh under the new tax regime.

We hear inspiring stories of people who went from rags to riches, but we also need to hear the stories of those who went from riches to rags. The wise saying goes: It is not about how much money you can earn, it is about how much you can keep and multiply. 

I was standing just outside my office and recalling how Karma had come for me, given that I generally was the one who doled out free advice to all my cabbies to open a bank account or start accepting online payments.

Fans are spending a lot more for concerts in the US thanks to a higher base price, higher fees levied by the show's promoters, and a new dynamic pricing model that is binding your cost to the time you book your ticket.

Though your mortgage costs will depend on your income levels, circumstances, financial goals, and current debts, the general rule is that you should not spend more than 25-28% of your income on your mortgage, and your mortgage should not be more than 36% of your debt.

You need to have an emergency savings fund to take care of random expenses that pop out of the thin air. Once that is taken care of, pay off your debts because otherwise they eat away your income and delay your process of becoming debt free and your ability to be wealthy.

After hiking interest rates multiple times in 2022 to control inflation, the US Federal Reserve ordered another massive interest rate hike and brought interest rates to 4%. This will further influence the stock market, the housing market, and the job markets, bring a recession, and even lead the Indian and UK central banks to raise their interest rates.

Talking about money when you are dating can get awkward and tense. But when you try to understand the fears and reasons behind your partner's behaviours, actions, and beliefs, especially their values, their goals, and future plans with playful and inquisitive conversations, being financially well-off as a couple is a real and achievable goal.