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This is common practice to produce fake house rent receipts to claim higher tax relief on HRA. Many of people, I know do this year after year. They purchase readymade rent slip book from market, fill up the details and one of friend sign there on receipts after pasting revenue stamps. Then these receipts get submitted to company.

It’s also required to submit copy of rental agreement if rent per month is above Rs. (where is my rupee symbol?) 10,000/-. Ah, no big deal, take your rent agreement, scan it and open Photoshop or even MS-Paint if you are keen ☺, change rental amount to whatever you want and take a print-out of modified version.

Managing the money is more difficult than earning it. Majority of Indian people park their money in Banks for investment purposes. Only 3%  invest in stock market which is one of best compounder of money. Though, I know few friends who tried investing without knowing what they are doing in stocks and burnt their fingers, they now swear that their money will never heads towards stocks. Phew!!

I have been using this spreadsheet since 6-7 months and able to track my household expenses. I can see where my money is going and trying to reduce the expenses without being noticed by family 5-7% per month due to this. Of course, there are sophisticated software/sites are there which make this very easy but still I found them quite complex and no interest to learn/use them.

You have money but need it after some time, say 6 months or a year. There may be many reasons for this like to purchase/ start construction for your dream home or to help in expenses of marriage of your sister/brother or to purchase car etc. where to park your money for this short-term goal? keep it idle in saving bank account or make a FD for a year? any other scheme where I may get better returns along with good safety?