Personal Finance India

Many people in India, particularly those from middle-class are struggling to manage their money properly. Unfortunately, many of them are ignorant of some basic rules of money management. Education on personal financial planning was never a part of their life – neither at home nor at school.

MoneyChutney.com is a website to help these middle-class people in India by providing actionable knowledge on personal finance to make a positive difference in their financial situation.

What Happens if You Don’t Have a Personal Budget?

Having a planned personal budget and following it daily will surely help you meet your financial needs. Personal budget is a tool that helps you have control over your money. It gives an idea of how much you can afford for your various needs. It will enable you to determine whether a certain purchase will fit within your monetary constraints or not.

Whereas, not having a personal budget disturbs… Continue reading

Why Investing in Gold May be a Bad Idea Today?

Gold prices have increased like never before and many people, particularly in India are withdrawing from other saving schemes and investing in gold. If you are one of them pouring money into gold, beware, gold prices may possibly fall down drastically. Continue reading

Know How Fear and Greed Impacts Your Investing Decisions

Much has been written on fear and greed in the market, which are the two great human emotions responsible in destructing capital in investing. Fear and greed can be explained in simple words – fear is the emotion which comes from lack of confidence and greed is the emotion which comes from over-confidence. Continue reading

Emergency Cash Gives You Mental Peace

Human life is uncertain. We never know when there will be an urgent need for money. Money in pocket gives you confidence and makes you feel more confident to face unexpected events. Once people understand the concept of emergency cash and its ability to offer mental peace, they most likely will start setting aside emergency cash. Continue reading

Seven Smart Ways to Use Your Credit Card Wisely

Credit cards are very popular among people today as they offer flexible payment options. They offer the convenience of not carrying the cash. However, you need to use them wisely by limiting the number of times you use, because with each use, you are borrowing money that you have to repay. If you are unable to repay the amount on time, the creditor will charge you with a high interest… Continue reading

Six Mistakes Teenagers Do While Handling Money

Are you a spendthrift? Do you spend money lavishly? If your answer is ‘Yes’, you need to seriously control your finances for a planned and secure future. As teenager, you make certain mistakes while spending that you are not aware of. This is because adolescence is a stage when you don’t have the proper knowledge of handling money. You repeat the same mistake again and again, just to fulfill your… Continue reading

How to Encourage Your Kids to Save Money

Encouraging kids to save money is an important thing parents should consider in their parenting plan. Although, it is not easy to make your kids learn all the money saving techniques, you can at least teach them few basic things that can make them disciplined money savers. The earlier you start, the better off they will be in saving and managing their finances. In this article, you will find some… Continue reading

8 Mistakes that Lead People to a Bad Financial Situation

Are you happy with your personal finance? Are you able to manage your money properly? If not, don’t worry. This article will help you point out your mistakes with your personal finance.

Many people like you, though earn a good salary, often struggle with their personal financial planning. In India, you can see many middle class people with no liquid cash for emergencies or saving accounts with minimum/no balance… Continue reading

Five things Your Wealth Adviser Won’t Tell You

The number of financial advisers, wealth managers and private bankers is increasing proportionality with the increase in the number of wealthy people all over in India. Earlier, various small banks and financial institutions have been used for managing money of these wealthy people. Later wealth management services have come up with wealth managers and financial advisers to manage some portion of money of wealthy investors.

Generally… Continue reading

Five New Year’s Resolutions You Need to Stick with to Manage Money Properly this Year

Any personal finance related resolutions for this year? Well, if you don’t have any, it’s time to think and implement them right away as we have already entered second month of the year. Don’t be left behind, the year is still young to begin with New Year’s resolutions. The New Year offers a fresh start and an opportunity to reflect and refocus on our awful old habits related to money… Continue reading