This might seem huge risk to any body who is reading this. I have applied for a loan from my employer. As per the service rules of my company I am eligible for an interest free loan of Rs 50,000/- payable in 10 equal installments. This loan would put me in some more debt (you […]
This month was good from the expense point of view. I spent much less and saved a lot. However, I didn’t do any investments this month. Whatever growth you can see in the stocks and the mutual funds is the capital appreciation. I have started my emergency account as planned with a goal of Rs […]
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Posted 01 January 2008
† The Chef
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So my networth this month is…Not positive well it seems that it will take ages for me to get into the positive zone. Today I extrapolated my future earnings and spending to arrive at the time that I will take to have a positive networth. I found that it would be somewhere after one […]
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 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 […]
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Posted 25 October 2007
† The Chef
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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 […]
