penny wise / Gifts — Cash or kind?
Cash gifts are still considered tacky, but many nowadays opt for that than a piece of jewellery, or any other material item. Historically in our subcontinent, wealth was measured by gold or land. Money had no fixed value, and therefore, not considered a good gift.
Managing finances the right way
A. Foreign Currency Account
Spending Beyond One's Means
Living beyond your means is pretty easy nowadays, especially since we live in a time when purchasing on credit has become the norm and ever so easy. However, remember that although it seems normal, it definitely is causing more harm to your current and future well-being.
Importance of sharing financial information with children
Reema (not her real name) passed away and her husband had pre-deceased her a few years earlier. Their three children, two of them living overseas, were left behind as orphans.
penny wise / The necessity of sharing financial information
In our culture and social upbringing, we tend not to talk about finances, especially between spouses.
Penny Wise: Investments for retirees
Sooner or later everyone with jobs and self-employed professionals, will retire so it is best to start preparing for that day from early on.
Eid celebration and young savers
I remember growing up with my siblings and how excited we used to be during the last few days of Ramadan – the reason? Eid was around the corner! Back in those days, life was simple, and the two Eids were the most important celebrations in our lives; meaning new clothes, new shoes and visiting loved ones. Food played a major part, especially after a month of fasting.
Congratulations To The Women Of Bangladesh
March 8, as we celebrate International Women's Day, I salute all women of Bangladesh from the garment workers, leaders in the corporate world, business entrepreneurs, school teachers, women in rural Bangladesh working their guts out and last but not the least home makers.
New Year's resolution — managing your funds
"Money, like emotions, is something you must control to keep your life on the right track.”
Avoid wasteful extravagance
Consumption can be a remedy against boredom and may convey a sense of fictitious power and supremacy, by standing out from the crowd through the extravagance of the expenditure.
Profiting from our poor unsuspecting workers
It saddens me, and I am sure many others, to see how unethical some people can be.
Teaching the value of savings to children
I was recently in the US visiting our daughters and their families. Our four-year-old granddaughter insisted that I bring her a gift every single day. She did not mind how small it was or what it was, but she wanted one.
Imperative to Share Financial Information Between Spouses
I was at a dinner the other evening and we were discussing a friend's husband who had passed away. A lady sitting next to me said.
Understanding confusing signals from our bankers
I keep hearing from friends and family regarding receiving letters from their banks about providing documents for particular accounts with threats that otherwise 'restrictions on withdrawals' will be imposed on the 'said accounts'!
Penny Wise–Pay Your Bills On Time & Save
Personal finance is full of decisions: Rent or buy? Save or build credit?
Money Matters For The Young Professional
During my early years of marriage, despite the fact that I had a comfortable life, I decided that I needed to have a job, not so much for financial...
