After a disciplined frugal month, I was able to reduce my credit card debt and my personal/utility loan; I have reduced my cash balances to a minimum with no provisions for contingency/emergency. Currently I am not looking at my students loan as i am planning to get out of it by paying a lumpsum after […]
Looking at my networth on a regular basis now, I asked myself, where do I go from here now? To answer this I sat down with my finances and took a good hard look at things. I was in approximately Rs.21,000 of credit card debt, and a student loan of Rs. 250,000. Though my equity […]
After reading this post from Ryan Healy I could not completely agree with him regarding his question that is there a really a good debt? so I decided to define it for myself and put my opinion on his post through this post.
Defining debt:
It is an amount owed to a person or organization for funds […]
After into such a debt-full situation I finally decided that it is time to get acquainted with my credit card in a better manner.I have a Citibank-Indian Oil credit card (Mastercard) that I am using it for the past 10 months. Below are the features and charges for my CC.
Exclusive Features:
1 Reward point for […]
Today I found an old paper on which I had written a goal for myself in the past. It was dated October 7th 2001. It’s almost 6 years now that I had written it that was the time when I just recovered from a serious road accident with no job and an uncertain career as […]
It’s over a year and a half that I am in a bad debt situation and surprisingly it’s nearly one and a half years that I am into a paid job. If I correlate the two then I can conclude that steady income flow increased my debt taking tendency. In other words I will say […]
After reading this comment from Ryan posted at Blogging away debt I started thinking upon the general conditions which are responsible for getting us into debt. I started comparing the comment by the term Overclocking used in electronics.
“Overclocking is defined as making a particular component (of your computer hardware) run at speed higher than […]
It’s not like a life time opportunity, but may be a life changing one. My employer gave me an option to work either from Bangalore (my current location) or from Hyderabad. After doing some research (some phone calls to my friends) and my previous experience of living in Hyderabad I found out that cost of […]
Back to money matters again! I seriously apologize to all those who have visited my Money Kitchen in the past few months for such a long break. I won’t go into the reasons as they are beyond the scope and context of this website. In this post I planned to brief you about my financial […]
