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Thumb Rule | Stuck with an equation? Socratic is the studying tool for you

Designed for school and university students, Socratic is a learning app powered by Google’s artificial intelligence technology

1 min read13 Jun 2020
Money

What is income replacement ratio and how useful is it for retirement planning?

Income replacement ratio is a thumb rule to help you estimate this income. Simply, it is the percentage of the pre-retirement income that you are likely to need to maintain a similar standard of life in retirement.

3 min read6 Dec 2018
Money

Thumb rules to make a workable budget

Write down all your expenses and make allocations for essential expenses, savings and emergency funds

6 min read14 Mar 2016

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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