In this post, we’ve put together 24 of the most popular personal finance articles from Good Moneying in 2024. These are the pieces our readers loved the most in 2024 and are the ones we believe offer some of the most practical and valuable financial insights. While not all of them were written this year, their advice remains as relevant as ever. Whether you’re looking to sharpen your money skills or plan for the future, these must-read articles are sure to guide and inspire you!
This article provides an in-depth overview of the Sukanya Samriddhi Yojana (SSY), a government-backed savings scheme aimed at securing the financial future of girl children in India. It covers eligibility criteria, account opening procedures, deposit limits, interest rates, tax benefits, and the advantages of investing in SSY for your daughter’s education and marriage expenses. Read More
2. One Idiot: An IDFC Foundation Initiative
This piece reviews “One Idiot,” a short film produced by the IDFC Foundation and directed by Amole Gupte. The film aims to educate young Indians about the importance of financial literacy, savings, and investments. It narrates the story of a group of college students who learn valuable financial lessons from a seemingly ‘idiotic’ millionaire, emphasizing the significance of early financial planning and disciplined investing. A Must watch and to be shared by youth around. Click to Watch
3. 2025 Resolutions: Your Blueprint for Personal and Financial Growth!
This is the last article written by us in 2024. This article provides a comprehensive guide to setting and achieving personal and financial goals for the year 2025, emphasizing the importance of actionable resolutions and disciplined financial planning. We believe that Wishing a Happy New Year shows intention, but if you are serious about your or your loved one’s life, you need to work towards making that happy, and for that, there have to be Actionable Goals, not Vague Resolutions. Read More
An informative piece detailing the Newly launched health insurance scheme offered by the Indian government for senior citizens, outlining eligibility criteria, benefits, and application procedures. Read More
This article explores the investment prospects in Gujarat International Finance Tec-City (GIFT City), highlighting its significance as a financial hub and the opportunities it presents for global investors. Now NRIs and even Foreign nationals can invest in Indian Markets without any PAN card or even bank account in India. Gift City is going to be a Game Changer for NRI Investments. Read More
A guide for Non-Resident Indians ( US NRIs) returning to India, focusing on managing their 401(k) retirement accounts and making informed financial decisions during the transition. 401k is one of the major financial investments by US-based NRIs. and If they have plans to move from the US, this becomes a major point of contemplation as to what can be done to use pension money. Read More
This article discusses why debt funds remain a superior investment choice compared to traditional bank deposits, highlighting factors such as better returns, tax efficiency, and liquidity. Post the change in Tax rules, Debt Mutual funds are being frowned upon by Investors, and distributors in any case did not prefer these much due to low commissions, but from advisory side, debt funds still has a role to play in your portfolio. Read More
The article compares gold and silver as investment options, analyzing their historical performance, market demand, and suitability for different investor profiles. Gold has always been a favorite investment class, but its younger Brother Silver does not get that attention. However, looking closely to this, you will find that going forward silver can be the next gold. Read More
- In the Rising Markets, Every second investor expects supernormal returns from their Investments. Mutual funds does not not exciting, as it is diversified and slow in comparison to some Rising stocks which every second investor wanted to buy and make money as fast as he/she can. So this piece offers strategies for investors to achieve returns that outperform standard mutual funds. Read More
10. Financial Freedom: A Journey of Responsibility and Minimalism
The article explores financial freedom through responsible decision-making, emphasizing mindful spending, thoughtful investing, and reducing debt. It highlights the importance of quality over quantity in asset management, suggesting that financial freedom is not about accumulating wealth but about living intentionally and with less financial stress. By prioritizing long-term goals, managing debt wisely, and ensuring family security, individuals can achieve a balanced, fulfilling life while maintaining financial freedom. Read More
An analysis of Smart Beta Funds, explaining their methodology, benefits, and how they differ from traditional investment strategies, aiding investors in making informed choices. Factor Investing is a popular tool to mix different strategies without any Fund manager involvement. Some specific strategies like value and momentum has given astonishing returns in the recent past. Read More
12. Why Do Investors Fail in SIPs?
SIPs on one side have become a popular way to invest in mutual funds, but there is other side to this too, when you see that maximum SIPs get discontinued in the initla few years only. This article highlights reasons for inconsistency in Systematic Investment Plans (SIPs), such as emotional decision-making and lack of patience, and provides tips for staying committed. Read More
13. EPF Passbook: All You Wanted to Know
A comprehensive guide on the Employees’ Provident Fund (EPF) passbook, detailing its features, how to access it online, and the importance of monitoring EPF transactions for effective financial planning. Read More
14. Important Tax Planning Tips for NRI Returning to India
The article provides essential tax planning tips for NRIs returning to India, focusing on understanding tax status, managing overseas assets, and reworking financial plans. It emphasizes that NRIs who stay in India for over 182 days will become residents, subjecting them to taxes on global income. The article also covers the proper handling of NRE and NRO accounts, the importance of updating KYC and mutual fund records, and strategies for managing foreign assets. Financial planning and timely tax decisions are key for a smooth transition. Read More
15. Managing Financial Emergency: Steps to Safeguard Your Finances
This article provides practical steps to prepare for and manage financial emergencies, emphasizing the importance of emergency funds, insurance, and prudent financial planning. Read More
16. Understanding Asset Allocation
All Advisers use this term, every expert suggest to follow this, but what exactly is Asset Allocation. This article discusses the importance of diversifying investments based on goals, risk tolerance, and market conditions to achieve long-term financial stability. This strategy is must of any portfolio’s long term success. – Read More
17. Tales of a Confused Investor
Explores real-life cases where indecision and overthinking led to suboptimal investment outcomes, offering practical strategies for clarity and focus. In search of best investments and confusion on a good professional one tend to commit many mistakes which prove damaging for their financial success. Read More
18. The Complexity Bias in Investing
We as Humans, tend to prefer Complex to Simple. We feel that simple solution may not be that rewarding ad a complex one is based on some research or strategy. Where as the success lies in the process. This article explains how investors often overcomplicate financial decisions and emphasize the value of keeping strategies simple and aligned with goals. Read More
19. Students Studying Abroad – When will they become an NRI?
The article explains the criteria for determining the Non-Resident Indian (NRI) status for students studying abroad under the Income Tax Act and FEMA. While the IT Act requires specific stay durations in India, FEMA considers the intention of moving abroad for studies. The distinction impacts financial arrangements, including bank accounts, investments, and tax filings. Students must adhere to Indian tax laws if deemed residents and may face dual taxation, mitigated by DTAA. Accurate residency classification is crucial for compliance. Read More
20. How to prepare yourself for the Next Stock Market Fall?
A Bit Old article, but applicable in all volatile scenarios. The article offers strategies to safeguard investments during stock market downturns. It emphasizes diversifying assets, focusing on long-term goals, and using tools like systematic investment plans (SIPs) and asset allocation. It also highlights the importance of staying informed, avoiding panic selling, and considering professional financial advice to navigate market volatility effectively. Read More
21. The Real Cost of FREE Financial Advice
The article discusses the hidden costs of “free” financial advice, such as that found on social media, from influencers, or even from friends and family. While these sources may seem convenient, they often lack personalization and can lead to risky financial decisions. Additionally, many of these so-called experts are not regulated, and their advice may be influenced by personal gain or bias. The article advises seeking professional guidance for a more tailored and accountable approach to financial planning. (Read More)
22. 20 Hidden Risks to Your Retirement Plan
The article highlights 20 hidden risks to retirement planning, categorized into lifestyle, health, behavioral, awareness, and financial risks. It emphasizes the importance of avoiding unhealthy lifestyle choices, planning for long-term care, and managing impulsive spending. Procrastination, lack of financial education, and failure to execute a detailed retirement plan can also undermine retirement goals. Addressing these risks early can help ensure a secure and comfortable retirement. (Read More)
23. 10 Financial Planning Thumb Rules for Better Investment Management
The article shares several thumb rules for better investment and financial planning. It covers budgeting guidelines like the 50-30-20 rule, emergency fund suggestions, and loan management principles such as the 20/4/10 and 35/50 rules. For retirement, it offers savings advice (e.g., saving 10% of your income at 25, increasing with age) and outlines how to estimate your retirement corpus. Additionally, it includes investment rules like the Rule of 72 to gauge investment growth. Read More
24. Annual Health Checkup of Finances
The article emphasizes the importance of an annual financial health check-up, similar to a physical health check-up. It suggests reviewing liquidity, loan profiles, and investment allocation, highlighting the need to assess cash flow, debt management, and diversification in investments. The check-up aims to ensure that personal finances are on track and prepared for future goals. It also recommends reviewing CIBIL scores and conducting periodic risk profiling. Read More
As we head into 2025, remember that the Success is always in the Process. The articles we’ve highlighted serve as valuable resources to help you make informed decisions, stay on track with your goals and prepare for what lies ahead. Whether you’re focusing on retirement planning, wealth management, or financial discipline, the key is to continue learning and adapting. Here’s to a prosperous new year filled with financial growth and smart decision-making!
Good Moneying!
