Cheap Broadband with Landline

MTNL is offering one of the Cheapest (Low cost) broadband plans with a landline at Rs.398/- per month in Delhi with 25 Gb Fair Usage Limit at 2Mbps (up to 8Mbps), Unlimited Local calls to any network. This is way better than MTNL's normal lowest 699 plan and Airtel's 899 plan. This offer is available permanently now.

Airtel has a low cost broadband Rs.599/- Retention plan which allows 50 Gb of data at 8Mbps after which speed drops to 1Mbps. This also has unlimited calls to any network like in the 899 plan. Call Airtel Customer care to switch to this plan to save on your monthly bill. It is NOT mentioned on their website nor do they advertise this.


 

Compilation of Practical Financial Planning tips and thumb rules, especially for Indians.

The following inputs were received as a message and are in harmony with what we conveyed in our article Basic Tax Saving & Financial Planning.

  1. Avoid buying property on loans as it eats most of your earnings unless you have a clear plan for its repayment. It's important to monitor cash flow. Though, the house will be your asset, your liability will be much more.

  2. Start a SIP at a very young age. Try to save atleast 25–30 % of your earnings.
  3. Avoid buying a car unless you use it everyday.

  4. Do not let this sentence scare you. "Mutual fund investment are subject to market risk. Please read the offer documents carefully before investing". Most people avoid investing in mutual funds just because of this one warning. Yes, there is a market risk, but look at the history and growth of mutual funds.

  5. Try having a simple wedding. You can use the money you save to buy household essentials, learn new things, buy equipment which will enhance you in your profession, like a laptop.

  6. At least 20% of your wealth should be liquid so you can utilize it when necessary.
  7. Considering inflation, you are actually losing money if it is in savings bank account. Do not keep huge money in savings bank account.

  8. If you invest in stocks, pay due attention.

  9. If you invest in stocks have a separate account for delivery investment and Intraday investment. It is easy to monitor this way and also makes tax calculation easy.

  10. Do not have a belief that property and car make you rich. Its what you save and invest, that is important.

  11. Never invest in insurance for returns. Insurance is not an investment option. It is a risk management tool.

  12. Never use credit cards for lavish spending. Use credit cards intelligently and for needs not for wants.

  13. Cancel all credit cards before you die. Or inform family about all your accounts, credit cards, loans and saving now itself.  Even a small residue will cost your family much.

  14. Invest on yourself and then on other investments.

  15. Always try to balance your earnings with your savings first, then on  spending and loans. Never take unnecessary loans. Always have reserve and utilize them and unless no other go never take loan.

  16. Always have a plan for future events on your career, life, spending and finance.

  17. Always have a reserve on your savings for contingency and urgent situations.

  18. Your personal life and health are the most important investment. Do have a regular health check and do healthy workout every day. Stay healthy and live happily.

  19. Always remember death can come anytime.....so please do buy adequate Term Insurance if you have dependents.

  20. Prepare a Will. It may avoid unnecessary fights after you die.

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