Page 3 - Your Money

Compare forex cards on total costs and complete transparency in charges

A card with zero cross-currency conversion charge will allow you to load US dollars and then spend in any currency without incurring further charges

Income tax notice to a deceased person: How should legal heirs respond?

Legal heirs must bear in mind that the income tax return for the year of death must be filed and tax, if due, must be paid

Income tax notice: Respond with facts and documents, not panic

Verify it, respond within deadline; file revised or updated return if needed

Equal-weight funds: Pick broader universe if risk appetite, horizon permit

Beware that funds with higher exposure to mid- and smallcaps are likely to be more volatile

Education loans: Myths that can derail applications, hurt credit score

From credit scores and co-borrowers to collateral, margin money and tax benefits, understanding these education loan misconceptions can help borrowers avoid costly mistakes

Immediate annuities: Multiple options available, weigh trade-offs carefully

Annuitise only essential expenses, retain liquidity and compare payout options and rates before purchase

How young families should prioritise insurance purchases, avoid mistakes

Do not get into investment-linked insurance plans until you have cleared the basic hurdles of protection

How to choose the right health, life insurance policies for your family

Your protection premium (health plus term) should not exceed 5-8% of your annual income

Penalty to credit score: What to know about loan foreclosure charges

Being debt-free is emotionally rewarding but hidden costs sometimes make early repayment a poor decision

Portfolio rebalancing gives you control over chaos: How to do it and when

The practice locks in your market profits and shifts them into safe assets, protecting your wealth

Set goals, study risks to avoid common beginner investing mistakes

Review your portfolio every three to six months and avoid making changes based on short-term market movements

How to build credit history from scratch, maintain a good score

A credit score is a reflection of consistency: Monitor it to ensure your good behaviour is being recorded

Passwords & instructions: Maintaining a family insurance record

Digitalise all your policies in a central, government-approved electronic repository

How to compare two mutual funds: A beginner's guide to smarter investing

If you seek stability for a financial goal three years away, consider debt or hybrid funds

Index funds, active funds, equity: How beginners should approach investing

Ensure the money you are investing is strictly for more than five to seven years

Physical, digital, funds: How to think about gold in your portfolio

If you are looking to double your money quickly, gold is the wrong asset

Pre-filled forms, guaranteed returns:Red flags when buying insurance online

A 'three-click' checkout for high-value insurance without thorough medical or lifestyle vetting is a major red flag

Momentum factor funds: Invest only with 5-yr horizon, high risk tolerance

Use them as part of a portfolio containing multiple factor strategies

Passive hybrid funds: Understand index mix, tax treatment before investing

Those who do not understand the underlying equity and debt indices should stay away

Credit cards & Gen Z: Spending should not exceed 20-30% of take-home income

Credit utilisation ratio should remain below 30%