9 tricks to help you control spending and save more

THE ECONOMIC TIMES Tue, May 15, 2018 | 06:30 AM IST ET Wealth Newsletter

WHAT'S HOT #RERA,#sukanya samriddhi yojana calculator,#income tax,#tax filing,#critical illness,#taking a personal loan,#tax saving

9 tricks to help you control spending and save more All of us know that spending sensibly and saving regularly ensures future financial security. Yet, many are not able to save as much as they want to. How your mental biases can stop you from becoming rich Hard work, risk-averseness and goal-based investing may not be enough as there are chances of cognitive biases preventing you from getting rich. Why IT and pharma mutual funds may be a good bet now The benefit of opting for sector funds is that they provide a direct play in segments which may otherwise be under-represented in diversified equity funds. From our Partners Now get your life covered upto 100 years with the new iTerm plan from Aegon Life From our Partners Start Investing in Mutual Funds with as low as INR 500 with ET Money! A complete investing solution for smarter generation; Invest in Mutual Funds, Manage Expenses & Buy Insurance online Why you should be careful of 'free' credit score reports Your financial details such as PAN, address etc. risk getting misused if shared with little-known third-parties for free credit reports. Extended trading hours for derivatives is bad news for retail investors: View With extended trading hours, there's more incentive than ever before for people to unleash financial weapons that could make your money disappear. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth 0.55 0.57 12.11 16.31 Invesco India Growth Opportunities Fund Direct-Growth 0.86 6.77 22.77 15.66 Kotak Select Focus Fund Direct-Growth 1.29 2.15 10.62 15.50 Mirae Asset India Equity Fund Direct- Growth 2.68 1.63 14.89 15.41 Mirae Asset India Equity Fund Regular- Growth 2.60 1.25 14.08 14.53 FeaturedICICI Prudential Balanced Advantage Direct-Growth ★★★★★ 0.22 2.50 10.89 11.37 Start SIP How safe are small banks offering higher interest rates on deposits to investors? New and small finance banks are luring depositors with higher rates. Experts say there is little to fear from these relatively less-known entities. Financial planning for those with irregular income The issues faced by those who earn irregular income are many, but they are not insurmountable.

Financial Calculators New LTCG tax calculator: Plan, compute your tax Use this tool to calculate long-term capital gains (LTCG) and the corresponding LTCG tax for listed shares and units of equity-oriented mutual funds. Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay.

Senior citizens' guide to managing money that applies to all at any age An octogenarian's guide to personal finance shows the way to health, wealth, and happiness. 5 practical ways to help your mother financially without straining your own budget Consider these five points while helping your mother financially so that you don't end up jeopardising your financial goals. Kid's education: Here's future cost of BTech, MBBS, MTech, MBA, BSc and how to save for it ET Wealth shortlists some of the common courses, their current and expected future fees and suggests routes to fund them. How inflation can eat into your retirement corpus When saving for retirement, don't forget to factor in a moderate rate of inflation or else the corpus accumulated would be too low to meet expenses. How Indians behave, scrimp, spend when travelling An Expedia survey finds out how Indians behave during travel. The survey reached out to 18,229 respondents across 23 countries. Here are some of its findings. How to calculate returns of mutual fund SIPs using MS Excel Since SIPs involve monthly investments, calculating returns can be a complex process. However, MS Excel's RATE function can help you determine returns easily. 6 ways to improve your laptop's performance The trouble with budget laptops is that they tend to slow down within a few months. ET Wealth provides you quick fixes to get your laptop up and running again. UTI Value Opportunities Fund: Wait and watch as investment strategy has changed This fund, formerly known as UTI Opportunities Fund, recently revised its mandate and will be investing with a value bias. MF Portfolio Doctor: Why Ranjan needs to rethink plan to buy a second house The Portfolio Doctor assesses health of fund portfolio, examines the schemes and their suitability with regard to the goals and recommends corrective measures. How to invest in direct plans of mutual funds Anyone can invest in a direct plan of a mutual fund scheme. However, the investor must keep a few things in mind before investing via this route. Family Finance: How Joshi can meet goals despite limited surplus An early start and limited surplus means that Joshi must invest for goals in line with the rise in his income. Stock pick of the week: Why analysts are bullish on MCX Better than expected 4th quarter results, 13% rise in revenue-leadership position and steps to corner new businesses, have made it a top pick. What is limited liability partnership? Liability of each partner is limited to his share as mentioned in the agreement compared to regular partnership firms which have unlimited liability. Startup Gramin Health Care is providing affordable services to rural India Based out of Gurugram, NCR, the startup has a presence in six states— Uttar Pradesh, West Bengal, Haryana, Rajasthan, Madhya Pradesh and Bihar. Alternative investment returns monitor: For the week ending May 9, 2018 Here's weekly tracker of returns from alternative investments. But don't compare these with traditional investments as purpose of such investments is different.

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