Down A Rabbit Hole called Money

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Let me tell you how this edition of Down the Rabbit Hole went down. #getit? #cornybutgood #pultizerfosho

Remember how I talked about really enjoying this Telugu movie I saw with the Habibi?

I was sitting outside on the balcony (aren't all balconies outside? #duh) minding my own sweet business when two things popped into my head simultaneously.

1. We have a little cash from wedding gifts that is burning a hole in our cupboard.
   - I voted to deposit it directly at Bloomingdales or at the Chanel store... guess who said no? #sighitried

2. In that movie, the hero/groom gets enticed into marriage for money. He will apparently be given 1 crore rupees as dowry and if he puts that into a fixed deposit, he gets 10 lakhs a month. Umm... sign me up. Hell i'll even marry that chick. #joking #notreally #seriouslynotserious #dumpthedowry

Anyway, that got me thinking.

First of all, what the hell is a fixed deposit?

Wikipedia says:

fixed deposit (FD) is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account. It is known as a term deposit or time deposit in CanadaAustraliaNew Zealand, and the US, and as a bond in the United Kingdom and India. They are considered to be very safe investments. Term deposits in India and Pakistan is used to denote a larger class of investments with varying levels of liquidity. The defining criteria for a fixed deposit is that the money cannot be withdrawn from the FD as compared to a recurring deposit or a demand deposit before maturity.

I calculated how much interest we would make if we deposited the cash we have. 

Rs. 200... a month. 



Remember this article I wrote about combining finances with your significant other?

I came across another one that discusses what you should do - finances wise- soon after you get married.

The minute Habibi comes home from work I'm going to discuss what we should do with the extra Rs.200  now that we are officially ballers.



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