Myth: Changing your surname after marriage is necessary. Fact: There is no legal requirement to change your surname after marriage. It is a personal choice. Why I didn’t change my surname: -I don’t want to go through the hassle of changing my name on all my documents. -I want to keep my maiden name as a part of my identity. -I don’t believe that changing my surname will make me any more or less married. What about inheritance? There is a common myth that you can only inherit property from your spouse if you share their surname. This is not true. You can inherit property from anyone, regardless of your surname. What about my children? There is no need to worry about your children having different surnames from you or your spouse. Children can have either parent’s surname, or a hyphenated surname. The decision of whether or not to change your surname after marriage is a personal one. There is no right or wrong answer. Do what feels right for you. Follow me for more insights. [surname marriage finance inheritance nehanagar ]
How to check if you are ready for a baby or not? Here’s a simple rule- It’s called the 1-100-10 Rule 1.You should be able to cover 100% of the costs of having the baby, including before and after pregnancy expenses. 2.You need to have enough money saved up to cover childcare costs for at least 1 year in advance. 3.You can spend around 10% of your total income on raising the child. For example, if you and your partner have enough savings for the first year of child expenses, and your combined income is 20 lakh rupees, it means you can spend up to 2 lakh rupees each year on raising your child. If you can manage to do that, then it might be a good time to have a baby. Follow @iamnehanagar for more interesting reels.
Burn all your insurance policies ? In India, there are ₹25,000 crores worth of unclaimed life insurance policies. Because over time, people lose their insurance papers, which prevents their family members from claiming that money. From April 1st, the government has made it mandatory to have a demat account for new insurance policies. It’s called an e-insurance account! Means, if you purchase any health, life, motor, or any other insurance after April 1st, that policy will be stored online in your e-insurance account, not in paper format. You should store all your existing policies in e-insurance account. Just go to the CDSL, NSDL or CAMS website and open your e-insurance account for free and store all your insurance policies in dematerialized form. Remember to share the login ID of this account and this video with your family members, don’t forget.
Is 10-minute grocery delivery worth it? -Pricey & Limited: This fast delivery often means pricier groceries with higher markups (like 10–30% more!). -Surge Charges: Pay more in cases of high demand. (Rs. 30 to Rs. 100) -Freshness Fear: Rushing the delivery might not be the best for fresh fruits and veggies. -Safety Matters: We shouldn’t risk the delivery person’s safety for super speed. -Impulse buys: Feeling like you need things right now can lead to grabbing things you don’t really need. So what should we do? Taking a little more time for delivery lets you plan your list better and avoid impulse buys. My secret weapon for this is “Flipkart Grocery.” -Next Day Delivery: Get your groceries the next day, without the crazy rush. -Save Money: Huge savings of 30% (Rs. 300 for every Rs. 1000) Check out the “Flipkart Grocery” in your Flipkart app.
Koi ITC ko tag nai krega..
Hey Fin-woman, why did the stock market fall so much today? There are 3 main reasons why the stock market fell: 1.Sebi Chairman Madhabi Puri warned yesterday that midcap and smallcap stocks are overvalued and in a bubble, after which ICICI mutual fund stopped lump sum investment in its smallcap and midcap funds. That’s why both indexes are down 5% today and our portfolio is even more !! 2.US inflation increased significantly in February and inflation in India is also showing no signs of pause, so investors are worried that the US and Indian governments may raise interest rates instead of lowering them. 3.March is ending and the financial year is about to end, so big investors are selling their profitable and loss-making stocks together at this time, so that their profits and taxes are reduced. So are you in favour of selling or buying stocks right now, tell me in the comments.
₹4 lakh school fees for LKG students 😱 One school in Hyderabad wants 4 lakh rupees for LKG fees. That’s a lot! Education costs are going up by 12% every year. But why so much money? Well, I don’t know!! But I’ve decided to send my child to a normal school from nursery to 12th grade. In India, all schools teach the same things till 12th grade. Go NCERT! For higher education, my partner Deepak and I are saving money. We’re putting 13,000 rupees every month into an investment that gives us 12% back every year. This should help us handle the rising cost of education. Financial planning for a child’s education is essential for securing their future. Here are some steps you can take: -Set Goals: Determine the type of education you want for your child and estimate the associated costs. Consider factors such as tuition fees, books, accommodation, and extracurricular activities. -Start Early: The earlier you begin saving, the better. Compound interest can significantly boost your savings over time. – Create a Budget: Analyse your current financial situation and create a budget that allocates funds specifically for your child’s education. Follow for more.
What else ? We need to learn investing. Investing on right time, investing on right people, investing on skills. Quotes from @researchinandout
Get a full refund on the stolen car! Did you know over 1 lakh cars are stolen every year in India, with a whopping 56% of cases concentrated in Delhi NCR alone? Bengaluru and Chennai also see a significant number of thefts, at 9% and 5% respectively. While standard insurance helps, it often settles based on Insured Declared Value (IDV), which never reflects your car’s full worth. **Here’s where a Return To Invoice (RTI) add-on can be your hero** What is RTI? RTI is an add-on for your car insurance that provides the full invoice value for your car in case of theft or irreparable damage. This includes: * Car purchase price * RTO charges * Road tax Why is RTI important, especially in high-risk cities like Delhi NCR, Bengaluru, and Chennai? * Maximises payout: Get the complete value you paid for your car, not just the depreciated IDV. * Peace of mind: Focus on recovery, not financial loss, in a stressful situation. * Important Note : RTI cover is only available for vehicles which are less than 3 years old. And follow @iamnehanagar for more such insightful videos.
Recently, I narrowly escaped one of the most common types of scams: Clicking on unknown links. Scammers call people and claim that their utility bills are overdue. They threaten to cut off services like electricity or phone unless you pay up immediately. They’ll even send a link to your phone for payment. But don’t be fooled! Once you pay, your money is gone. Here’s what you should do: – Always double-check the authenticity of the caller. – Pay bills only through trusted sources. – Don’t fall for bill payment demands from unknown callers or texts. – And whatever you do, don’t download any unfamiliar apps and never click on any unknown links. Remember, UPI is safe, but we must take care of our money, ourselves. Share this information with your friends and family. #GyaanSeDhyaanSe #upi #upichalega
1. What is a waitlist? A waitlist is your ticket to early access and exclusive offers on our “Master Your Money with Honey” course. So that you don’t miss out on financial insights. 2. Benefits of a Waitlist: *Direct access to our premium WhatsApp announcement group. *Joining offers, early access and tailored offers for you. *Secure your spot and gain financial empowerment. 3. How to join the waitlist: 1.Visit our site 2.Enter your name, email and WhatsApp number 3.Upon submission, you will be redirected to WhatsApp for announcements, ensuring you stay informed. Don’t miss out; join today! Link in Bio & stories – https://finshow.nehanagar.com/join-waitlist
3 famous thing to do before 31 march 2024 Otherwise, you will suffer huge losses. 1. Save Taxes by Investing: If you want to save on taxes and you’re using the old tax rules, make sure to invest in things like LIC premium, PPF, ELSS, NPS, and donations by March 31, 2024, for the financial year 2023-24. 2. Tax-Loss Harvesting: If you’ve lost money on investments, you can use those losses to lower the taxes you owe. If you make profits from selling stocks, you don’t have to pay taxes on the first Rs 1 lakh. But if you make more than that, you’ll need to pay a 10% tax. 3. Submit Form 12B: If you switch jobs during 2023, make sure to fill out Form 12B. This form provides details of income earned prior to joining the new job, allowing the new organisation to deduct accurate Tax Deducted at Source (TDS) before March 31. If you miss these deadlines, you might end up paying more taxes or face penalties. Follow for more such insights. ( Ambani ji se milne se pehle apne kaam nipta lo )
Which car you can afford ? Tell me in the comments below?
Rule Number 125 : Help others but take calculative risks 🥹
Late for the trend ?
Fair Share, Happy Couple?👫👩❤️👩 Splitting household expenses when incomes differ can be tricky. Here’s a proportional approach you and your partner can try!💰🙌 Example: Wife earns ₹7 lakhs, Husband earns ₹3 lakhs. Yearly expenses are ₹3 lakhs (30% of total income). Instead of a 50/50 split, they contribute:⬇️ Wife: 30% of ₹7 lakhs = ₹2.1 lakhs Husband: 30% of ₹3 lakhs = ₹0.9 lakhs This ensures fairness based on income while both contribute towards shared goals!🥳💰🤩 Remember: Discuss financial goals and spending habits openly for a system that works for YOU!😎 Follow @iamnehanagar and @financebyanmoll for more such amazing content on personal finance and stock market!📈 #couplefinance #financialplanning #moneymanagement #financialgoals
National Award leke aate hai chalo Started content creation in 2020 Lockdown and have seen many ups and downs in my professional & personal life, but the constant support you all give keeps me going. It’s been 4 amazing years with you all. And now it’s your turn again to make me the winner of the National Award. Why you should vote? Let me give you three reasons. -Since 2020, I have been using fun and different ways to talk about finance stuff, so it’s easier for people to learn. -I engage with my followers a lot, answering their questions and giving advice, which makes them trust me more. -I make content that is actually practical and relatable for you, which helps you master your money. By doing what I do, I’ve helped others learn about finance and inspired others to do the same, which helps our country’s online community grow. So if you think I’m helping to build a new India. Scan the QR & Vote for Neha Nagar. Pls Show your Love one more time. Today is the Last day to Vote. Pls vote.
National Award leke aate hai chalo Started content creation in 2020 Lockdown and have seen many ups and downs in my professional & personal life, but the constant support you all give keeps me going. It’s been 4 amazing years with you all. And now it’s your turn again to make me the winner of the National Award. Why you should vote? Let me give you three reasons. -Since 2020, I have been using fun and different ways to talk about finance stuff, so it’s easier for people to learn. -I engage with my followers a lot, answering their questions and giving advice, which makes them trust me more. -I make content that is actually practical and relatable for you, which helps you master your money. By doing what I do, I’ve helped others learn about finance and inspired others to do the same, which helps our country’s online community grow. So if you think I’m helping to build a new India. Scan the QR & Vote for Neha Nagar. Pls Show your Love one more time. Today is the Last day to Vote. Pls vote.
Pay Zero Tax on 10 Lakh Income ! Here’s how: ✅ Standard Deduction: Claim a direct deduction of 50k. ✅ Section 80C: Utilise ELSS, PPF, and NPS for deductions totaling 1.5 lakhs. ✅ National Pension Scheme: Deduct another 50k. ✅ Home Loan Interest: Avail deductions of 2 lakhs. ✅ Health Insurance: Secure a deduction of 50k (25k for yourself and 25k for your parents). ✅ HRA (House Rent Allowance): Minimum deduction of 50k. By leveraging these deductions, your net taxable income can be reduced to less than 5 lakhs, resulting in ZERO tax on income up to 5 lakhs! 💸 Take charge of your finances and optimise your taxes today! 🚀 #collab #GetReadyWithNykaa #GRWN #Nykaa #TaxOptimization #SmartInvesting #FinancialFreedom
#collab Who knew a metro could change our lives? This is me and my husband CA Deepak Bhati ! We chased the dream of opening a tax firm in Greater Noida, but the commute was a nightmare. But then came 2019, when the metro came to Greater Noida, which connected greater noida with Delhi NCR. Deepak came home, opened a Tax firm named Deepak & Neha Company , and BOOM! Clients from Delhi, Noida, Gurgaon – all connected thanks to the metro! In just one year, our tax firm became the highest-rated tax firm on Google in the greater noida region. Just like Ultratech Cement says,BanegaTohBadhegaIndia – infrastructure makes a HUGE difference. Tell us in the comments how an infrastructure project impacted you . #BanegaTohBadhegaIndia #Metro #Infrastructure #ultratechindiasno1cement
Get ₹100 a day for a wrong credit score ! Thanks to RBI’s new “complaint system,” you can now file complaints against incorrect credit scores and credit and get compensated for delays! Here’s why it matters: 1.Someone might misuse your PAN card to take loans, hurting your credit score. 2.Even after resolving the issue, credit bureaus like CIBIL & Experian may forget to update your data, keeping your score low. 3.This low score can lead to loan rejections. What to do: 1.Report any fraudulent loans immediately to the bank and credit bureaus (CIBIL, Experian,Equifax,CRIF). 2.If they don’t resolve your complaint within 30 days, you get ₹100 daily compensation! Check your credit report and active loans now : Official CIBIL website: https://www.cibil.com/ Aftermath : * Credit bureaus have 30 days to respond to your complaint. * If unsatisfied, escalate to RBI’s Integrated Ombudsman Scheme. * You can get one free credit report annually. Stay informed, protect your credit score, and get compensated for errors! And Follow @iamnehanagar for money management tips!
Buy a car with no waiting period ? Currently, in India’s top-selling cars, there is a waiting period ranging from 6 months to 1 year. Some car dealers are forcing customers to purchase expensive accessories and insurance for early delivery.And some car dealers are taking bribes of up to 1 lakh rupees for early delivery. 6 hacks to avoid a long waiting period: 1. Instead of booking a car with just one dealer, book with 2 to 3 dealers.And if possible,offer them additional booking amounts as an incentive because booking amounts are refundable. Now, show these booking receipts to all car dealers, because upon seeing them, some dealers might offer you early delivery, knowing that if they don’t, someone else will. 2. Try purchasing a car from dealers located outside the city because demand is high in the city while it is lower in outer areas, increasing the chances of early delivery there. 3. Take regular follow up with the car dealer because many customers cancel their car bookings daily, so you might get allocated the car. 4. Always check the standing inventory at the dealership, because you may find the exact model you are booking but in a different configuration or colour. So, if you wish to get the car at the earliest, you can choose a different variant or colour while booking the vehicle. 5.Consider colours that are not in demand. If you are okay with compromising on the colour, you can opt for the colour that is not so popular in the market. 6.It’s better to book the car at the end of the month because the dealerships are under pressure to close sales targets at the end of the month, so there are high chances of getting delivery in one week. Share this video with friends and family who are planning to buy a car.
We Doubled Our Profit in a Year ! #collab How did we do it? We learned from our mistakes: 1. Trying to do everything ourselves: Entrepreneurs often make this mistake in the beginning, but business is about teamwork! So focus on building a strong team. 2. Hiring the wrong people: We wasted time finding new members, when we should have invested that time in the development of our existing team. 3. Using multiple platforms: Doing everything by yourself and using different platforms for everything from e-commerce to invoicing is time-consuming and frustrating. That’s why we chose Odoo. Odoo is a business management software that helps you manage: Customer relations Sales Accounting Inventory Manufacturing Even your employees …So so much more All in one single platform! The first Odoo app is completely free forever! Plus, you get unlimited hosting and support for all applications,. Learn from our mistakes and use Odoo to grow your business. The link is in my Bio ! #odoo #business
3 crore insurance claim rejected, don’t make the same mistake. Seema’s relative already had a life insurance policy. But they didn’t disclose this while applying for additional policies with other companies. Here’s the key point: Insurance companies have a maximum coverage limit based on your Human Life Value (HLV). This value roughly reflects your financial worth and future earning wqewrbvdepotential. A simple formula can help you estimate your HLV: Maximum Coverage = Annual Income x 20 For example, if your annual income is ₹10 lakh, your ideal life insurance coverage shouldn’t exceed ₹2 crore (10 lakh x 20). Why Does HLV Matter? Insurance companies assess risk. By exceeding your HLV with multiple policies, over-insure yourself, raising red flags. In Seema’s case, the combined coverage from all policies (₹3 crore) surpassed the reasonable HLV based on their income, this Follow These Tips to Avoid Claim Rejection: Be Honest: Disclose all existing life insurance policies when applying for new ones. Know Your HLV: Estimate your HLV using the formula above to determine appropriate coverage. Focus on Needs, Not Greed: Don’t be tempted by excessive coverage. Aim for a policy that financially protects your loved ones based on your income. Stay tuned for Part 2! Follow for more. [ lifeinsurance humanlifevalue financialplanning claimrejection insurancetips ]
