Latest news with #Finance_Bareek
Time of India
7 hours ago
- Business
- Time of India
CA shares 3-3-3 rule to build emergency fund to save you in financial crisis
In the race to grow wealth, many overlook the true purpose of an emergency fund . It's not about chasing high returns or flashy investments — it's about having quick, reliable access to cash when life throws a curveball. CA Nitin Kaushik breaks down the common mistakes people make with emergency funds and shares a smart, practical strategy to build one that works when you need it most. Kaushik points out that too many people park their emergency savings in mutual funds or fixed deposits, chasing better returns but sacrificing immediate access. The problem? Emergencies don't wait for market days or withdrawal penalties to clear. Whether it's job loss, medical crisis, or family emergencies, your money needs to be instantly available. An emergency fund stuck in a slow, complex process defeats its very purpose. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program What is the CA's 3-3-3 rule? His key advice: focus on liquidity and peace of mind, not on returns. He recommends the 3-3-3 rule for structuring your emergency fund—divide it into three parts: Rs 30,000 in a high-interest savings account (preferably with a small finance bank offering 6-7% interest and insurance cover), Rs 30,000 in a sweep-in fixed deposit that breaks automatically when needed, and Rs 30,000 in a liquid mutual fund as a secondary backup. This combination balances accessibility with modest returns. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play this game for 1 minute and see why everyone is addicted. Undo Kaushik warns against common pitfalls like using hybrid or equity funds for emergencies, stressing that your emergency fund is your safety net—not a side hustle to maximise gains. He also advises ensuring you have proper health insurance so medical expenses don't wipe out your cash reserve. — Finance_Bareek (@Finance_Bareek) The takeaway is simple but powerful: prioritise instant access over high returns, value peace of mind above market gains, and prepare for the worst so you're never caught off guard. Don't wait for an emergency to realise this the hard way. The CA concludes by saying that build your safety net today—and keep it boring, because that's exactly how it's supposed to be.
Economic Times
14 hours ago
- Business
- Economic Times
You are not as ‘middle class' as you think! CA gives a shocking reality check to India's largest income group
India's social fabric is often described in simple terms—poor, middle class, and rich. But a recent tweet by Chartered Accountant Nitin Kaushik has stirred debate by revealing a more precise, income-based reality of India's class divisions. His message is clear: many Indians who identify as middle class may not truly fit into that category when measured by annual to CA Kaushik's breakdown, the real markers of India's class structure depend on yearly earnings: Destitutes: Those earning less than ₹1.25 lakh annually, often struggling to meet basic needs and usually excluded from mainstream economic benefits. Aspirers: With income between ₹1.25 lakh and ₹5 lakh per year, this group dreams big and works hard but still faces financial insecurity. Middle class: Individuals earning between ₹5 lakh and ₹30 lakh a year. This group forms the country's tax-paying backbone, balancing home loans, education expenses, and future financial plans. Rich: Those with income above ₹30 lakh annually. While they enjoy a luxurious lifestyle by Indian standards, on a global scale, many of them are still 'upper middle class.' — Finance_Bareek (@Finance_Bareek) Kaushik points out that inflation, rising living costs, and lifestyle changes have complicated how people perceive their class status. Many who believe they are middle class might technically fall under the aspirers category due to income reality check encourages Indians to re-examine their financial status and how it shapes their opportunities and challenges. It also highlights the need for policymakers to understand these distinctions for targeted economic tweet's message resonates widely because it exposes the gap between perception and reality in India's economic classes. For aspirers, the struggle to climb the ladder remains real. For the middle class, managing expenses amid rising costs is a daily challenge. And for the rich, it raises questions about India's global economic this a harsh reality check or an opportunity to unlock new financial goals? The conversation is just beginning. (Disclaimer: This article is based on a user-generated post on X for informational purposes. has not independently verified the claims made in the post and does not vouch for their accuracy. The views expressed are those of the individual and do not necessarily reflect the views of Reader discretion is advised.)
Time of India
14 hours ago
- Business
- Time of India
You are not as ‘middle class' as you think! CA gives a shocking reality check to India's largest income group
India's social fabric is often described in simple terms—poor, middle class, and rich. But a recent tweet by Chartered Accountant Nitin Kaushik has stirred debate by revealing a more precise, income-based reality of India's class divisions. His message is clear: many Indians who identify as middle class may not truly fit into that category when measured by annual income. Income defines class more than perceptions According to CA Kaushik's breakdown, the real markers of India's class structure depend on yearly earnings: Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Destitutes: Those earning less than ₹1.25 lakh annually, often struggling to meet basic needs and usually excluded from mainstream economic benefits. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like With temperatures hitting 95°F, this is the mini air conditioner everyone's buying in the U.S News of the Discovery Undo Aspirers: With income between ₹1.25 lakh and ₹5 lakh per year, this group dreams big and works hard but still faces financial insecurity. Middle class: Individuals earning between ₹5 lakh and ₹30 lakh a year. This group forms the country's tax-paying backbone, balancing home loans, education expenses, and future financial plans. Live Events Rich: Those with income above ₹30 lakh annually. While they enjoy a luxurious lifestyle by Indian standards, on a global scale, many of them are still 'upper middle class.' — Finance_Bareek (@Finance_Bareek) The blurring lines of class identity Kaushik points out that inflation, rising living costs, and lifestyle changes have complicated how people perceive their class status. Many who believe they are middle class might technically fall under the aspirers category due to income constraints. This reality check encourages Indians to re-examine their financial status and how it shapes their opportunities and challenges. It also highlights the need for policymakers to understand these distinctions for targeted economic planning. What this means for everyday Indians The tweet's message resonates widely because it exposes the gap between perception and reality in India's economic classes. For aspirers, the struggle to climb the ladder remains real. For the middle class, managing expenses amid rising costs is a daily challenge. And for the rich, it raises questions about India's global economic standing. So, where do you stand? Is this a harsh reality check or an opportunity to unlock new financial goals? The conversation is just beginning.
Economic Times
a day ago
- Business
- Economic Times
In 2019, Rs 50K was gold and now it can't pay rent: CA explains why most are struggling, not 'surviving' in urban cities
Synopsis Chartered Accountant Nitin Kaushik has warned that in 2025, earning less than Rs 50,000 a month in metros like Bengaluru, Mumbai, or Pune means barely covering basic expenses. He says rent alone swallows 40-60% of income, with essentials and lifestyle costs doubling in three years. Bengaluru's prime-area rents have surged up to 100% since 2022. Kaushik estimates singles need Rs 20-30 lakh annually for comfort, families Rs 40-50 lakh. Even Rs 1 lakh earners struggle, prompting his call for upskilling, smart budgeting, and early investment. TIL Creatives Representative AI Image Living in India's largest cities has become a battle to stay afloat. Chartered Accountant Nitin Kaushik says that in 2025, a monthly income below Rs 50,000 in Bengaluru, Mumbai, or Pune means 'barely breaking even' rather than on X, he warned that rents alone consume 40-60% of many urban salaries. Add transport, food, and utilities, and there is little left over. 'Living in a metro today without a strong salary equals financial pressure 24x7,' Kaushik wrote. — Finance_Bareek (@Finance_Bareek) Bengaluru, long considered India's tech capital, has seen one of the sharpest rent hikes. Kaushik pointed out that in prime neighbourhoods, one-bedroom flats that cost around Rs 18,000 a month in early 2022 now exceed Rs 30,000. That is an increase of 70-100%.He linked the rise to several factors — the return to office after COVID, a wave of job relocations, and growing real estate demand from NRIs and investors. Kaushik also highlighted that the price of essentials such as food, energy, and transport has stayed high. Combined with lifestyle spending, this has made metro living nearly twice as expensive as it was just three years ago. For those hoping to live comfortably, Kaushik estimates that in 2025, a single person in Bengaluru would need a CTC of Rs 20-30 lakh a year. For a family with one child, that figure rises to Rs 40-50 lakh, which he says would cover good housing, schooling, leisure, and savings. Kaushik warned that even households earning Rs 1 lakh a month are often stuck living paycheck to paycheck due to lifestyle expenses. His advice is direct: upskill to increase income, manage rent and commuting costs, start investing early, and look beyond headline salaries to focus on take-home pay after adjusting for living summed up the shift bluntly: 'Your Rs 50K/month in 2019 was gold. In 2025, it barely pays rent.'
Time of India
a day ago
- Business
- Time of India
In 2019, Rs 50K was gold and now it can't pay rent: CA explains why most are struggling, not 'surviving' in urban cities
Living in India's largest cities has become a battle to stay afloat. Chartered Accountant Nitin Kaushik says that in 2025, a monthly income below Rs 50,000 in Bengaluru , Mumbai, or Pune means 'barely breaking even' rather than saving. Posting on X, he warned that rents alone consume 40-60% of many urban salaries. Add transport, food, and utilities, and there is little left over. 'Living in a metro today without a strong salary equals financial pressure 24x7,' Kaushik wrote. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program — Finance_Bareek (@Finance_Bareek) by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Colombia: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo Bengaluru's rent surge Bengaluru, long considered India's tech capital, has seen one of the sharpest rent hikes. Kaushik pointed out that in prime neighbourhoods, one-bedroom flats that cost around Rs 18,000 a month in early 2022 now exceed Rs 30,000. That is an increase of 70-100%. He linked the rise to several factors — the return to office after COVID, a wave of job relocations, and growing real estate demand from NRIs and investors. Live Events Essentials pushing costs higher Kaushik also highlighted that the price of essentials such as food, energy, and transport has stayed high. Combined with lifestyle spending, this has made metro living nearly twice as expensive as it was just three years ago. The income you now need For those hoping to live comfortably, Kaushik estimates that in 2025, a single person in Bengaluru would need a CTC of Rs 20-30 lakh a year. For a family with one child, that figure rises to Rs 40-50 lakh, which he says would cover good housing, schooling, leisure, and savings. Kaushik warned that even households earning Rs 1 lakh a month are often stuck living paycheck to paycheck due to lifestyle expenses. His advice is direct: upskill to increase income, manage rent and commuting costs, start investing early, and look beyond headline salaries to focus on take-home pay after adjusting for living costs. He summed up the shift bluntly: 'Your Rs 50K/month in 2019 was gold. In 2025, it barely pays rent.'
