The personal finance landscape has changed rapidly over the last few years. First, several new products have come into the market. Second, technology and fintech have become an essential part of the financial landscape. What’s more, we now have a new breed whom we call investors.

A typical Outlook Money reader has a good job, a high income, several financial goals, primary among them being children’s education and retirement. She would have either bought a house or is about to buy one and would be pretty aware that she needs to get life and health insurance. She would be investing in equity to meet her goals and will also have access to digital banking and easy credit. And last, but not the least, she would also want to know how to save on taxes and make her investments more tax efficient.

The good thing is that the awareness of the need for financial planning has also gone up, with magazines like Outlook Money making personal finance a topic of household discussion. The huge amount of information out there can also cause some sort of information overload. In the January 2020 issue, we have tried to simplify your financial life. Find answers to most commonly asked questions across banking, insurance, mutual funds, equity and taxation. Wishing you a very happy new year!

(With inputs from Anagh Pal and Nirmala Konjengbam)