Latest news with #RupyaaPaisa
Indian Express
3 days ago
- Business
- Indian Express
‘My Gpay account is linked to hers, my OTPs come on her phone': Sara Ali Khan reveals how she manages finances
Sara Ali Khan recently opened up about her finances, sharing valuable insights into where she invests and who handles her accounts. 'I've learnt about the pie — basically, small things distributed in many instruments. My mom handles my money entirely, even my Gpay account is linked to her, my OTPs come on her phone,' said the Simba actor at the Times Now Summit 2025. When prodded about whether she receives pocket money, like all used to back in school, she shared, 'Forget pocket money, I can't book a ticket without asking her,' she said, adding that she generally invests in 'real estate, stock market, gold bonds, the usual.' Sara's revelation that her mother handles her investments brings us to a critical discussion that necessitates conversations surrounding financial literacy. Mukesh Pandey, Director of Rupyaa Paisa, told that in this day and age, it is no longer a matter of choice — the essential foundation of understanding financial instruments is a must now. 'Having even a basic understanding of key financial instruments like Fixed Deposits, Mutual Funds, Public Provident Fund (PPF), Health & Life Insurance, National Pension Scheme (NPS), Share Investment Plans (SIP) will allow you to keep some control of your financial journey and decisions,jh' he said. According to Panday, India is still far behind in financial literacy. 'A SEBI survey found that only 27% of Indians are financially literate. This suggests that almost three-fourths of our population may be investing without fully understanding where their money is going and what risk issues a particular instrument is associated with,' he shared. Giving an example of mutual funds, Pandey said that various people have invested in them with their focus on returns, but are unaware of where mutual funds fit in the investment risk spectrum. 'They also won't know about exit loads, and of course, they probably do not know that there is a difference between equity mutual funds and debt mutual funds,' he explained. When it comes to fixed deposits, which are a relatively safe option, understanding the impact of inflation on real returns becomes crucial. Someone may over-allocate to Fixed Deposits, thereby harming long-term wealth. With even basic knowledge, many of these mistakes can be avoided. Today, digital accessibility has already made financial products a click away, but with that ease of access comes responsibility. 'Understanding how to benefit from compounding through SIPs, tax-saving opportunities through ELSS or PPF, or even knowing the difference between term insurance and an investment-linked policy can change your financial journey,' stressedPandey. Instead of just letting someone else manage your money, he believes it is crucial to create awareness around your money; ultimately, awareness is the biggest asset you could have. 'Consider that simply making a habit of 15 minutes a week to inform yourself about a financial concept will change the game of financial understanding and ultimately planning,' she said, adding that 'financial awareness is not about knowing all – it is about knowing enough and protecting your future'.
Indian Express
10-05-2025
- Business
- Indian Express
Tejasswi Prakash picks financial priorities over flashy lifestyle, says ‘don't need to prove to you what my worth is'
With conversations surrounding financial literacy and women's empowerment taking the wheel this decade, many people are realising the need to build a strong foundation for financial discipline. In a recent episode of the Humans of Bombay podcast, Tejasswi Prakash shared her thoughts on choosing financial intelligence over a flashy lifestyle to keep up with the entertainment industry's unrealistic standards. 'Financial intelligence is so important. Like, the first thing I bought when I started making money was a house and not a car, which many people will not be able to resonate with. And I know for a fact that a lot of people have got a car before a house because obviously that's a lot more expensive,' she told the host Karishma Mehta. According to Prakash, now it's just 'easier to get a car and afford a certain lifestyle' if you are a part of the industry, which she has never taken seriously. 'I don't need to prove to you what my worth is,' added the Naagin actor. A post shared by Karishma Mehta🇮🇳 (@karimehta05) According to Mukesh Pandey, Director of Rupyaa Paisa, financial discipline is the ability to make sound financial decisions, and always to be within budgets, avoid impulsive spending, so that all the while, one is steadily moving toward set goals. 'Practicing financial discipline is not coming up with ways to save money but creating certain habits that consolidate one's position in terms of finance, increase it, or keep that person secure,' he said. It might feel tempting to give in to that impulse purchase, especially if your current social circle belongs to a lifestyle you struggle to keep up with. That's where financial discipline and education steps in, preventing you from making money mistakes that can cost you and your wallet in the long run. Rayan Malhotra, CEO, Neofinity, suggested these five simple hacks to get your financial priorities in order: 1. Only buy it if you can buy it twice: If you can afford it once, you're surviving it. If you can afford it twice, you're choosing it. This isn't about being frugal—it's about creating margin. A gap between impulse and intention. A space where real choice lives. 2. Define your 'Enough Number': Revisit it every quarter. How much is truly enough to live well today? Not for your imaginary future self on a yacht. For you—now. Growth without grounding becomes greed. This number isn't a goal. It's an anchor. 3. The 24-Hour Desire Rule: Want something? Sleep on it. Still want it tomorrow? Go ahead. Forgot about it? It was just noise in your feed. This rule protects your focus as much as your wallet. 4. Monthly Emotional Budgeting: Not 'Where did my money go?' Ask: 'How did it make me feel?' Track transactions not just by amount, but by emotional cost. Regret is expensive. Alignment is rich. 5. Time is the real currency: Spend accordingly. Every swipe, tap, or order converts it into hours of your life. How long did you work for this? Is it worth that? You don't spend rupees. You spend time.
