Money Lessons for kids of all ages

Age 8-10
The most basic lesson about money is that you have to pay money to buy something. Nothing in life comes free. Though kids will understand it eventually as they grow older, it is important for them to grasp this concept at a very young age.
Teach them about the value of each note and coin by telling them the prices of everyday household things. For example, a toffee costs Rs. 1 but a larger chocolate costs Rs. 20. img width=”225″ height=”150″ src=””

I Used My Emergency Fund To Pay For My Hospitalization. How Do I Rebuild It?

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When Should I Dip Into My Emergency Fund?

It is a tough situation when you fall seriously ill; meet with an accident, or are diagnosed with a life-threatening disease. It is equally difficult when a family member or someone dependent on you suffers a similar fate. It is physically, mentally and emotionally difficult. It is also a big strain on the finances as there are hospitalization bills, medicines to buy, multiple trips to the hospital, specialist advice etc. There are pre and post hospitalization expenses as well. In some cases, you might have to take a break from work ((more than the allotted leaves), which can lead to a double whammy – increased expenses and loss of pay
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Tax saving options for self-employed/small business units and start ups.

Income tax act provides multiple benefits to manufacturing enterprises, for example, additional depreciation, specified business under section 35AD, etc. In the case of a manufacturing enterprise, if a new machinery is installed during the year, then in addition to the normal depreciation, such units are also eligible to claim additional depreciation up to 20% in the year when the machinery is put to use. Read more