Saving money often sounds like a task meant only for people with big incomes or detailed budgets. But the truth is, you don’t need to start big to start right. With small steps and a pressure-free mindset, anyone can build the habit of saving and slowly move toward financial comfort. Let Go of the Idea of ‘Perfect’ Saving One reason many people avoid saving is the belief that they need to set aside a large amount right away. This can be overwhelming and discouraging. But savings don’t have to be perfect. They just need to be consistent. Even saving ₹20 or ₹50 a day adds up over time. When you allow yourself to start small, saving becomes approachable. It’s better to save ₹500 a month regularly than to wait until you can afford ₹5,000 and never start at all. Start with What You Have Look at your current income and expenses. Can you skip one takeaway meal or avoid a purchase you don’t truly need this week? That leftover amount can be the beginning of your savings journey. Saving is...
Risk calibration refers to the process of measuring, adjusting, and managing the level of credit risk an institution is willing to take while issuing loans. It’s a critical component in lending that ensures a healthy balance between business growth and loan security. By accurately identifying the risk profile of a borrower, lenders can make informed decisions about loan approval, interest rates, loan size, and repayment terms. The term might sound complex, but in essence, it’s about matching the right loan to the right borrower, at the right terms—based on data, behavior, and other predictive factors. With the rise of digital lending, risk calibration has moved beyond traditional paperwork and scoring models. Today, it involves advanced analytics, real-time data, and digital infrastructure to make faster and more accurate lending decisions. Why Risk Calibration Matters in Lending Without proper risk calibration, lenders either take on too much risk or lose out on good customers by b...