The Money Mindset

  Welcome to the Finance 101 series—your go-to guide for understanding the foundational elements of personal finance. Whether you're just starting your financial journey or looking to get back on track, mastering the basics is the first step toward achieving long-term financial health. In this post, we’ll cover the essential topics: budgeting, credit scores, saving, and investing. 1. Budgeting: Your Financial Blueprint A budget is a plan for your money. Think of it as a blueprint that tells your ruppes where to go instead of wondering where they went. Key Steps: Track Your Income and Expenses: Use tools like spreadsheets, budgeting apps, or even pen and paper. Categorize Spending: Break down into needs (rent, groceries), wants (entertainment, dining out), and savings. Set Goals: Allocate money toward specific objectives like an emergency fund or vacation. Stick to It: Review and adjust monthly. Pro Tip: Try the 50/30/20 rule: 50% for needs, 30% for wants, ...

What is the Bombay Stock Market (BSE)? The Bombay Stock Exchange (BSE) is Asia’s oldest stock exchange, established in 1875 . It’s located in Mumbai (formerly Bombay) and is one of the two major stock exchanges in India, the other being the National Stock Exchange (NSE) . The BSE plays a crucial role in the Indian economy by providing a platform for companies to raise capital and for investors to buy and sell shares. Key Terms to Know Here are a few terms you’ll often hear: Stock/Share : A piece of ownership in a company. Sensex : The benchmark index of the BSE. It represents the performance of the top 30 companies listed on the exchange. Equity : Another term for stocks/shares. IPO (Initial Public Offering) : When a company offers its shares to the public for the first time. Bull Market : When stock prices are rising. Bear Market : When stock prices are falling. Why Should You Care About the BSE? Investing in the stock market offers a chance to grow your we...