In August 2021, a mysterious package from Sarasota, Fla., showed up in Nicole Archer’s mailbox in Manhattan. Dr. Archer hurried upstairs to her cramped Chelsea apartment with the thick envelope in hand and tore it open at her dining table, revealing a legal document she had wondered about for months. She knew that a beloved…
How much should I save in an emergency fund? Vanguard, the big mutual fund company, suggests setting aside $2,000, or half of one month’s expenses, whichever is greater, as a buffer to cover unexpected but common “shocks,” like a car or home repair or medical bill. Then, to protect against a possible job loss, it…
President Trump and Elon Musk promised taxpayers big savings, maybe even a “DOGE dividend” check in their mailboxes, when the Department of Government Efficiency was let loose on the federal government. Now, as he prepares to step back from his presidential assignment to cut bureaucratic fat, Mr. Musk has said without providing details that DOGE…
Savings bank account for children: Know the latest RBI rules Early age savings and financial independence empower your child to become money-wise. RBI has issued fresh guidelines for banks regarding the opening and operation of deposit accounts by minors. The revised guidelines are aimed at harmonising existing regulations to ensure greater clarity and appropriate safeguards…
Investing in choppy markets, especially with an unpredictable president at the helm, can be distressing. It can be even more so if you are relying on these investments to pay for something as important as your child’s college tuition, and you need the money in the foreseeable future. Plenty of busy parents found themselves in…
“Inflation is a low drip, like boiling a frog: The impact kind of creeps up on you, but when it hits, it doesn’t feel good,” Mr. Haynes said. Don’t fool yourself into thinking you can bail out of stocks now, then jump back in when the market stabilizes. Gains historically have come in unpredictable spurts,…
New Delhi: Finance ministry on Friday left interest rates unchanged on various small savings schemes, including PPF and NSC, for the fifth straight quarter beginning April 1, 2025. As per the notification, deposits under Sukanya Samriddhi scheme will attract an interest rate of 8.2%, while the rate on a three-year term deposit remains at 7.1%…
The interest rates have remained constant since April 2024, with no modifications implemented. (AI image) Latest Post Office Small Savings Schemes Rates: The interest rates for small savings schemes will remain unchanged as per the government’s latest announcement. These rates will continue through April to June quarters of FY 2025-26. The official circular states, “The…
Mahila Samman Savings Certificate scheme maintains strict eligibility criteria, permitting only women and girls to participate. (AI image) Mahila Samman Savings Certificate is a government-endorsed post office small savings scheme created exclusively for women and girls, offering them a reliable and beneficial investment avenue. This initiative, introduced to strengthen financial inclusion and women’s economic independence,…
Department of Financial Services noted that reduced financial savings create challenges for banks’ liquidity management. (AI image) The Finance Ministry has told the Parliament about the risks associated with households moving their deposits from banks to market-linked financial instruments seeking better returns. This shift could expose families to substantial market risks, potentially leading to monetary…