"The Psychology of Money" by Morgan Housel is a book that explores the psychological and emotional aspects of money, and how they impact our financial decision-making. Some main points and takeaways from the book include: Money is a tool, not a goal ⚒️: The book argues that money should be seen as a means to an end, rather than an end in itself. People often make the mistake of thinking that more money will lead to more happiness, but this is not always the case. Emotions and biases play a big role in financial decision-making ‍♀️: The book explains how emotions such as fear and greed can dr ..read more

Men are from Mars, women are from Venus… What if we applied this idea to investing? Women have traditionally played a more conservative role when it comes to investing and creating portfolios, but that does not mean their approach is any less successful. In fact, studies have strongly suggested that women tend to employ certain “feminine” traits to their advantage with investing that can help improve portfolio performance. I dive into a few of them here. Long-term focus Investing for the long term is a key trait for any successful investor, and women tend to be especially well-suited for it ..read more

Remember, everyone makes mistakes, everyone has those stormy days! As with anything else in life - the same holds true with money. Besides, it’s what we learn from our mistakes that count. Doesn’t mean it doesn’t hurt though! Amirite fam? Here’s a quick refresher in case you’ve been finding yourself second-guessing your money moves, of late. 1️⃣ Money on the run? If you feel like over-spending has become a bit of a situation recently, here’s how you can address it! Now don’t expect to tackle the problem all at once. Baby steps is the name of the game. We at Basis, repeat this mantra because i ..read more

They say, your 30s can be a lot like your 20s, but with greater financial security! Well, we’re here to tell you, whatever age you may be — financial independence is a BIG must-.have. And honestly, it’s never too late to start. When you’re younger, straight out of college, earning well, and wading through the roaring 20s, financial stability might not be at the top of your to-do list. But at some point, most of us have unavoidable responsibilities, loans to pay off, and the looming fear of retirement (we’re kinda, of almost halfway there, aren’t we?!) 1️⃣ The 20s are for taking risks! Ah, the ..read more

A little extra cash didn’t hurt anybody! But beyond our day jobs, are there ways to generate an extra boost to our bank accounts? Enter: passive income and side hustles. Before we dive onto the extra income bandwagon, let’s understand what passive income is. As the term suggests, passive income is money you’re making without spending too much active time or energy on it. Sounds too good to be true? Kind of. But with the right knowledge and setup in place, your passive income can be a reality. Let’s see how. Here are 3 popular ways to generate a passive income. Making money while we sleep? We ..read more

The truth: women face higher healthcare costs than men. Some studies suggest that adult women (aged 18-44) have almost double the healthcare costs compared to adult men. This is due to a number of factors including biological differences and the prevalence of chronic health conditions. This can put a significant financial strain on women, especially those of us who are single or have low incomes. At Basis, we always say a medical emergency can but need not break the bank. Any guesses on how much medical inflation is in India? We’ll reveal it at the end of this piece. Hint: it’s probably much ..read more

“A journey of a thousand miles begins with a single step” - Chinese proverb When was the last time you wanted to achieve a goal, but backed out because of how large and daunting it seemed? How often do you tell yourself “I’ll start this later” - only to realise it’s been several weeks, months and years since you’d been meaning to start on something? Inertia is real. Procrastination is something we’ve all done. We’re with you, sister. Today, we’re talking about the super simple, but super powerful concept of baby steps. Break. It. Down. Easier said than done - but easier to do than we think it ..read more

Hi there! Here’s the reality: Mental health affects your financial health - and vice versa! We chatted about this with Pratishta Trivedi, a Senior Clinical Psychologist at Amaha (an incredible Power card reward partner) to understand this in-depth. Let’s start from the beginning. ️The bottom line: money problems affect your mental health. Yes we’ve heard that all too often. Here’s how you can check if your financial situation is affecting your overall well-being! Anxiety: Opening your bills or checking your bank balance can trigger feelings of anxiety and panic. Sleep: When you’re worried ab ..read more

Usually, when you’re in a relationship - finances aren’t at the top of your list of things to delve into. In fact, many long-term couples shy away from this dangerous territory. Discussing money matters with anyone, let alone your partner, can get awkward, difficult, and sometimes - raise your blood pressure! But we’re here to tell you - once you get financially intimate with your partner, there’s no turning back! Easier said than done? Possibly! But every journey begins with a first step. So let’s get started ✅ 1. In it, to win it - together! ✌️ Step 1: Get to know your individual money pers ..read more

In India, till the late 90s, LIC, or the Life Insurance Corporation, was the only insurance provider in the country! Today, despite the presence of several prominent private players, LIC continues to be a market leader. But how did LIC become so popular? To give you some context, LIC was created in 1956 – after merging 245 private life insurance players. This means that LIC has been providing insurance to Indians for more than 65 years now. Wow! That’s a long, long time. This is probably why for most people, life insurance = LIC. Most of us have, at some point or the other, come across or hea ..read more