Why Not Mint Money
842 episodes - English - Latest episode: 4 days ago -Discover the Why Not Mint Money podcast for financial success. From savvy money-making strategies to expert tips on maximizing your savings, we've got you covered. Join us on this journey to unlock your financial potential.
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Episodes
42: It’s never too late to streamline your finances
November 19, 2019 10:45 - 4 minutes - 4.35 MBUsha and Rajan Sanklecha got into a financial plan pretty late in their lives, but it helped them take away an important financial lesson: that it’s never too late to streamline your finances and it’s important to put your money life in order even when you just have a handful of goals left to achieve. In the process, the Sanlechas also learned that one needs to invest in liquid assets to be able to use them when the need arises, instead of piling everything in an illiquid asset like real est...
41: Mistakes to avoid when investing at a young age
November 18, 2019 14:03 - 5 minutes - 5.12 MBIt’s always a good idea to start investing when you are young. You get adequate time to invest and given the long investing period, the money gets enough time to multiply manifold and help you meet your goals. But it’s important to steer clear of some of the common investing goals. Saloni Mehta, 23, made some of these but her finances were back on track when she hired a financial planner to give her the direction she required. Here’s her story.
40: Have you been mis-sold an insurance policy? Here's what you can do.
November 15, 2019 16:50 - 3 minutes - 3.05 MBInsurance mis-selling is selling insurance policies based on false claims or inadequate disclosures. Watch the video to know how to reduce the chances of mis-selling.
39: What are the charges in a Unit Linked Insurance Policy (ULIP)?
November 13, 2019 09:46 - 6 minutes - 5.8 MBUnit Linked Insurance Policies (ULIPs) have costs and charges under several heads. It is important that you know what they are BEFORE buying a policy. Some policies will waive some charges or refund them after a certain number of years. While a waiver is undoubtedly positive, note that a refund does not take into account inflation. Hear this episode to find out the 5 major heads of ULIP charges. Link to the article by Deepti Bhaskaran: https://bit.ly/2O172n2
38: Should you surrender life insurance policy?
November 13, 2019 09:35 - 4 minutes - 4.07 MBA surrender is a premature termination of a life insurance policy. In return, you get what is known as the surrender value. In a term insurance policy, there is no surrender value. If you terminate the policy your insurance cover stops. Listen to this episode of why not mint money to find out whether or not you should surrender your life insurance.
37: How much life insurance do you actually need
November 08, 2019 08:07 - 3 minutes - 3.28 MBOne question people often grapple with is, how much insurance do you actually need? Life insurance is used to take care of the financial needs of your dependents. An assumption has to be made based on the financial needs of your dependents. Listen to this episode of why not mint money to find out all you need to know about your insurance needs.
36: 5 Questions to ask before buying life insurance policy
November 05, 2019 14:45 - 5 minutes - 5.16 MBYou only need life insurance if you have financial dependents. If you are only looking to invest, you should NOT be ‘investing’ in life insurance. Insurance is a poor investment and you can get better returns and lower costs in mutual funds.
35: Why you need debt allocation in your portfolio
November 05, 2019 14:43 - 4 minutes - 4.48 MBThe importance of having equity in your portfolio has been emphasized enough but one also needs appropriate debt allocation. From building an emergency fund to planning for your short-term goals to retirement, having good debt exposure might be a good idea. We tell you about different debt instruments that you can identify for different needs.
34: How to file a complaint against your bank
November 05, 2019 14:40 - 3 minutes - 3.62 MBYou may want to file a complaint against your bank for a host of reasons. Though approaching the bank's grievance redressal department may be your first instinct, it may not always be helpful thus pushing you to escalate it further. Mint's Disha Sanghvi explains the processing of filing a complaint against your bank with the banking ombudsman.
33: How to close a bank account
November 05, 2019 14:34 - 4 minutes - 3.71 MBHaving too many bank accounts does no good to your financial lives because you're required to maintain an average quarterly balance. If you think you have too many bank accounts with very little activity, it's best to close them. Mint's Disha Sanghvi explains how you can go about closing a bank account.
32: How to use a DigiLocker account
November 05, 2019 14:32 - 4 minutes - 4.11 MBCarrying physical copies of all your documents everywhere you go is a real task. And then there's the fear of losing or misplacing them as well. But what if you had a digital solution to this problem? Yes, that's right. Mint's Disha Sanghvi explains how you can use a DigiLocker account.
31: How to book cheap flight tickets online
November 05, 2019 14:30 - 4 minutes - 4.04 MBAre expensive flight tickets stopping you from going for that fancy abroad holiday? Well, what if there were some hacks that could help you book cheaper flight tickets online? Yes, you read that right. Listen to this podcast by Disha Sanghvi from Mint's personal finance team for some quick tips.
30: How to pick the right credit cards
November 05, 2019 14:15 - 4 minutes - 4.53 MBIf you're planning on getting a credit card, the wide variety of options could overwhelm you, pushing you to go for a card that isn't really the one that best suits your needs and spending pattern. Listen this episode of Why Not Mint Money to understand how you should go about picking the right credit card.
29: How to port health insurance policy
November 05, 2019 14:06 - 4 minutes - 4.07 MBThere are many reasons why you may not be happy with your health insurance plans, but the good news is you can always port your policy to a better plan. We tell you about portability and how it’s done.
28: Mint guide to picking a good health insurance cover
November 05, 2019 04:18 - 5 minutes - 5.49 MBMint SecureNow Mediclaim ratings handpicks some of the features that are a basic minimum for a good health insurance policy and rates the universe of health insurance on these parameters. Understanding these features will help you figure out what to look for in health insurance.
27: Understanding the basics of health insurance
November 05, 2019 04:16 - 6 minutes - 5.78 MBWith a double digit inflation in medical expenses, health insurance is the need of the hour. It's important to be adequately insured and have the right kind of health insurance. We help you with the details.
26: 5 questions to ask yourself before you retire
November 05, 2019 04:13 - 5 minutes - 4.89 MBRetirement is the big milestone at the end of your career, and if you are in your 20s or 30s, it might seem very far away. But if you start planning for it early in your career, you can reap the benefits of compounding, and make your money work harder.
25: 5 questions to ask yourself before you get married
November 05, 2019 04:11 - 4 minutes - 3.8 MBAs far as big decisions go, getting married might be one of the most important ones you have to make. Marriage means sharing the most important aspects of your life with another person, and you money life is definitely one of them. According to both financial planners and marriage counselors, money is one of the most common reasons couples fight.
24: 5 questions to ask yourself before becoming a parent
November 05, 2019 04:08 - 4 minutes - 3.95 MBThey say it takes a village to raise a child. But for most parents, they have to do it on their own, and that can be a real challenge. Becoming a parent is as joyful as it is stressful. On an average, the expenses for a child make up 5-25% of a family's total expenses.
23: 5 questions to ask yourself before buying a home
November 05, 2019 04:01 - 4 minutes - 4.45 MBWhen we talk about saving and investing for the future, it’s the big goals that come to mind. Like buying a home or starting a family. While we know it’s important to plan for these goals, but often we don’t know where to start.
22: Financial planning is not just for billionaires
November 05, 2019 03:55 - 5 minutes - 4.71 MBThere are many who believe that only those people who have enough money or are in a particular age group can go for a financial plan. Karthik Kumar and wife Harshada also believed so initially, but when they saw their savings getting gradually depleted, they decided they needed to be more organized about how to spend and save. That led them to financial planning firm International Money Matters, where they met professionals Abhinav Sethi and Siddarth Asrani, who helped them pave their way to...
21: How to prepare for a break from work
November 04, 2019 14:25 - 4 minutes - 3.78 MBTaking a break from work should never be an impulsive decision. You need to think it through because it can affect a lot of aspects in your life—professional, financial and emotional. A lot of women take job breaks for reasons such as caring for the family, but the fact is when that happens, the family goes from double-income to single-income. Certified financial planner Shilpi Johri helped Ankita Sharma, a content marketing professional, find her feet at a crucial phase. We tell you how.
20: Invest in assets you can use
November 04, 2019 13:27 - 4 minutes - 4.36 MBHaving a financial plan is not just about maintaining your lifestyle and having enough savings. It’s more about investing in the assets that can service your goals across various timelines. Sathya Rao, a Chennai-based lawyer, learnt the value of having a plan when she suddenly needed a large amount of money but realized that all her savings were locked into real estate and insurance plans, assets that are difficult to liquidate immediately, unless you are ready to bear losses. Listen to her ...
19: Equity investment: It’s better late than never
November 04, 2019 13:23 - 5 minutes - 4.77 MBMost financial planners would suggest you to start investing in equities early on to let the benefit of the power of compounding play out in the long term. But as long as you have a long-term financial goal in mind, starting to invest in equities a late in life will not do too much harm. Bhaskar Ganguly, a public sector employee who started investing in equities when he was 40, is seeing the benefits at 51 now. We take you through Ganguly’s financial journey.
18: Get the money cocktail right early on
November 02, 2019 15:12 - 5 minutes - 5.2 MBMillennials are perceived to be careless about money. But Shreyansh Patel, a 25-year-old bartender in an upscale Mumbai restaurant, is different. He not only saves and invests now, he went for a financial plan when he was just 21 years old. He feels his journey with Nisreen Mamaji, a certified financial planner and founder of Moneyworks Financial Advisors, has put him in control of his financial goals such as travelling the world, being financially secure by the time he turns 35 and retiring...
17: Why you should invest outside India
November 02, 2019 15:09 - 4 minutes - 3.72 MBInvesting only in India means that you are missing out on the profits of companies like Apple, Amazon, Alphabet (Google) and many others. A large share of your own monthly expenses typically goes to such foreign companies. How can you invest in them? Very simply and conveniently through mutual funds. We explain in this podcast.
16: Investing in NCDs
November 02, 2019 15:07 - 4 minutes - 4.21 MBWhat are NCDs? Should you invest in them? How do you invest in them? We answer these questions and tell you all about NCDs in this podcast.
15: How long is long term investing
November 02, 2019 15:04 - 4 minutes - 3.89 MBEveryone says that you should invest for the long term, but how long is long term? A study by Mint in association with CRISIL answers this question for you, by crunching mutual fund data for the past 15 years.
14: How to update your Aadhaar details
November 02, 2019 15:01 - 3 minutes - 3.51 MBThough Aadhaar is no longer mandatory for services such as opening a bank account or getting a new sim card, it continues to be important for filing your income tax returns. Ensuring that your Aadhaar details is accurate and updated is necessary. If it's been a while since you updated your Aadhaar details, listen this podcast to know how you can do it.
13: How to make your passwords stronger
November 02, 2019 14:59 - 4 minutes - 4.37 MBResorting to one password for all your apps and websites is not a good idea, especially if it's got to do with your financial transactions. Having simple passwords because you can remember them easily also doesn't work because hackers and hacking software are getting smarter by the day. Here are some tips that could help you build the perfect hack-proof.
12: How to steer clear of OTP theft
November 02, 2019 14:56 - 4 minutes - 4.25 MBFrom ordering food to booking a movie ticket, we use OTPs for various financial transactions. OTPs are so ubiquitous these days, you may not go more than 24 hours without using one. This frequent use of OTPs, often opens doors for frauds which could result in your bank account getting emptied. Listen to know how you can avoid falling prey to OTP thefts.
11: How to close your credit card account the right way
November 02, 2019 14:53 - 3 minutes - 3.24 MBIs the habit of compulsive spending making you swipe your credit cards frequently? Or are you looking for a better card? Whatever be the reason, cutting a credit card and throwing it away does not mean you've closed the credit card account for good. Here's what you really need to do.
10: How to avoid getting conned by fake insurance calls
October 15, 2019 12:16 - 4 minutes - 4.42 MBWhen it comes to insurance, the threat of mis-selling is ever-present. A part of the problem is the complex product structures, which are difficult to understand. Another part is the nature of incentives that encourages agents to clock in more sales. If you steer clear of this, then there’s the fear of falling prey to fraudsters who pose as insurance agents. To avoid this, look for these five things before you make a purchase.
9: Do your KYC to invest in mutual funds. Here's how
October 15, 2019 12:15 - 4 minutes - 4.38 MBMutual funds are increasingly becoming the go-to investment product, especially for millennials. Also, the share of mutual funds has doubled in the country’s household financial assets in the last four years.
8: Good money habits for a better money life
October 15, 2019 11:58 - 4 minutes - 3.73 MBLearn some good money habits that will hold your personal finance in good stead.
7: Did you meet your Form 26AS yet?
October 15, 2019 11:55 - 4 minutes - 4.16 MBForm 26AS is one of the most important documents you need before you start filing your taxes. It contains details of taxes paid, any tax refunds you received, TDS deducted by a tenant or on sale of property, any advance tax paid, and so on. Cross-check all the details in your Form 26AS and make sure there are no discrepancies; else you might end up getting a notice from the taxman.
6: Papers to keep handy before you file your return
October 15, 2019 11:53 - 4 minutes - 4.01 MBThere are a bunch of documents you need to have with you before you even start filing your taxes. These include your Form 16, documents pertaining to other sources of income, interest certificates, any investment or expense proof, and so on. Know what all you need to file your tax returns.
5: Common financial planning mistakes
October 15, 2019 11:42 - 3 minutes - 3.23 MBWhile financial planning needs to be tailored to the needs of each person, there are a few common mistakes that most people end up making. DIY investors need to be cognizant of these errors and open to correcting them if they want to keep their financial plan on track. We tell you five things you might be doing wrong.
4: Reasons your money seems to disappear too quickly
October 15, 2019 11:38 - 4 minutes - 3.73 MBMost of us feel like money disappears out of our salary accounts faster than it comes in. This is especially true if you are just starting your career. But if your money often runs out well before the month ends, you might be making these mistakes.
3: How to ride out an economic slowdown
October 15, 2019 11:27 - 2 minutes - 2.64 MBAll the signs are pointing at the fact that India's growth has slowed down. While the politicians, economists and experts argue it out, things like lay-offs and smaller increments are impacting our everyday lives. But there is no need to panic. Here are a few things you can do to ride out the slowdown without your finances and goals taking a major hit.
2: How to choose a financial advisor
October 15, 2019 11:23 - 3 minutes - 2.82 MBChoosing a financial advisor is not an easy decision to make. While there are good advisors out there, it’s not uncommon to hear about fraudulent advisory firms cheating people out of their money. If you don't know what you are doing, you can end up entrusting your money to a dishonest or incompetent advisor, who can do more harm than good. Before you make your choice, here are five questions to ask yourself, to help you select the right advisor
1: Money mantras to achieve financial freedom
October 15, 2019 11:20 - 2 minutes - 2.48 MBWant to achieve financial freedom? Mint's Nilanjana Chakraborty explains five money mantras that can help you achieve financial freedom.