Vast majority of parents say they are good financial role models for their children but they may be kidding themselves. A new survey suggests that parents fail to pass along even basic financial skills to their teens, and that they are sloppy themselves in the way they manage money. And remember: Teens see everything!

There’s a real disconnect between what parents think is important for kids to learn and what they are actually teaching them. More parents teach their kids how to shop rather than how to save. Only one family in five involves their teenagers in family budget matters.

Here are some ways to be good role models for your kids and also to teach them the basics of money.

There is no substitute for the joy that one experiences in buying the first house.
Most Indians have never bought a home before; and are actually first-time buyers. Buying a home is going to be the biggest investment that you will make in your life. Here are some tips to give you a lasting experience.

The budget is not just the cost of the property — it must include numerous non-obvious costs such as broker fees, lawyers fees, stamp duty, registration fees and home insurance premium.

If you are buying a new home, you will also need furniture, fittings and gadgets for the home. Alternatively, if you are getting an old home, there might be renovation or redecoration costs involved.

Here are some payment options listed for the summer vacation
With summer vacations set to begin soon, many people are busy drawing up detailed travel plans. After all, traveling — especially to international destinations — calls for meticulous planning. While flight booking, closing deals with tour operators, packing their bags, etc, dominate travelers’ plans, it is important to pay equal attention to other aspects such as zeroing in on the best tool for managing expenses abroad.
An Indian traveler embarking on an overseas leisure trip is allowed to spend 4,00,000 Rs or the equivalent amount in the respective currency per calendar year. She/he can carry 80,000 Rs in cash and the rest in the form of traveler’s cheques or cards. For a business traveler, the cap is 10, 00,000 per trip or its equivalent

in any other currency. Students and travelers going abroad for medical treatment, however, are allowed to spend 40,00,000 per academic year and 40,00,000 per trip, respectively.

A rider in giant wheel feels more frightened when he is at the top. Similarly as we climb the hill the fear of falling from it increases. Exactly same way when  stock market rises we should be feel more nervous. Interestingly speculators follow exactly the reverse behavior. When equity markets are high they feel safe and when they fall they feel nervous. In reality equity markets are less risky at 15000 levels than at 21000 levels.

However all speculators find equity markets risky at 15000 and not at 21000. Putting it differently, under normal circumstances all of us always prefer to buy any goods and services at lowest possible price. In case of equity investing speculators always prefer to buy at higher prices.

One conventional saying in Italy is - "There are three ways to make money. You can inherit it. You can marry it. You can steal it." You can marry the rupee to distinguish yourself from a poor man and the secret is a secret indeed, which rich people will never tell you. We will show you here the five lessons and we bet, you can implement them in your personal life to become rich if you are tired of competing with others, for success

Consideration:
Investment option- Monthly
Rate of interest: 9.5 percent