March 2022: Stop People From Getting Cheated; Share Moneylife's Financial Literacy Message

Stop People From Getting Cheated; Share Moneylife's Financial Literacy Message

Dear Moneylifers,

Greetings. Maharashtra has announced a lifting of all Covid restrictions at the beginning of this month and we hope to start our physical counselling meetings after a two-year gap! Let us pray that the virus remains under control by continuing to remain vigilant.

As we begin our 13th year at Moneylife Foundation, one thing that keeps coming back to me is how newer people seem to get cheated by the same old tricks and usually discover us when it is already too late. Sharing an OTP, pledging gold and losing it, getting connect by multilevel schemes which assure a return by trading options in stocks or commodities – the tricks are the same it is only the victims who are different. That is why we say, just two hours spent on our comprehensive financial literacy video (How to be Safe & Smart with Your Money) at least helps you avoid mistakes.

For the longest time we have been trying to educate people on the fallacy of taking a gold loan – paying interest on a valuable and disposable asset. We realise that our message may reach a wider audience when translated and told as a story. So do share your thoughts on our first experiment with a financial literacy video in Hindi, which will soon be dubbed in other languages. Do watch our hindi video here.

Please share this widely – from your domestic help at home, to your colleagues and relatives, you will be shocked to find that everybody thinks gold loans are the best thing that has happened in the borrowing space without ever doing the math or considering the risk. A couple of clicks from you will save people a lot of money and heartache.

Remember our YouTube channel also had videos on a range of issues such as Wills, Credit cards, credit scores, wellness, digital fraud, avoiding money traps etc. We have now released shorter, re-mastered videos on specific topics to make them easier to understand and share. Subscribe to get the latest when it is uploaded.

Here's a list of some of the videos -

…And more on our YouTube channel!

Thank you for your support

Allow me to thank you all for your good wishes, generous donations and unwavering support has kept us strong, independent and unbiased in our 12-year journey. Our membership is now heading towards 1.5 lakh, but we need more of you to be on our Telegram and whatsapp groups and subscribe to our YouTube Channels to create the appropriate force to get the attention of policy makers to issues faced by ta paying customers of financial services. So do spread the word in your circles to get people to join the effort for safer financial products, better grievance redress and efficient handling of issues. Click here for your free membership to Moneylife Foundation.

Empower Yourself With Our RTI App and Expert Guidance

RTI Advice App पर विस्तृत गाइड से विशिष्ट उपयोग के मामलों के लिए आरटीआई आवेदन दाखिल करने का तरीका जानें। हिंदी और मराठी भाषाओं में उपलब्ध।

Many of you are already aware of our 'RTI Advice' app, which was launched for both app and iOS devices a year ago. The app helps you get expert advice on your RTI queries in any language or format (text, audio or video) and access to over 900 queries that are already asked and answered by our 14 highly regarded RTI experts. It also has user guides in English, Hindi and Marathi! You can download the app to access these essential guides or even access them from our website here.

Don't worry about how to navigate the app—we now have user guides for you in English, Hindi and Marathi! download the app or access the guides from our website here.

Our How To Series

Our ‘how to’ section covering a range of practical issues and difficulties that all of us face. Check them out.

Our counselling sessions on various issues remain online (Legal & Credit Helplines) until full normalcy is restored, we also have Zoom counselling meetings for members when necessary. If you have a query on housing society, insurance, banking, credit or any other issue, please do become a member of Moneylife Foundation and take advantage of the knowledge imparted by our experts who guide through our helplines.

Register and become a member of Moneylife Foundation, to be added on to our mailing lists, so that you are notified when we announce new webinars and also receive information about our activities and initiatives. Also, allow me to also remind you that you can always catch up on our past financial literacy programmes on our YouTube channel as well. As always, we look forward to your active feedback on issues that you would like us to discuss, and we will do our best to make it happen. Please do write to us at [email protected]

Counseling on Helplines & Zoom Meetings

Our counseling sessions on various issues remain online (Legal & Credit Helplines) until full normalcy is restored and we are back to working from the office. We also have Zoom counseling meetings for members when necessary. If you have a query on housing society, insurance, banking, credit or any other issue, please do become a member of Moneylife Foundation and take advantage of the knowledge imparted by our experts who guide through our helplines.

Forthcoming Webinars

Moneylife TV & Helplines

With the outbreak of Covid, our physical events and daily clinics for this month continue to remain suspended for the safety and benefit of all those involved. However, in this lockdown period you can still take advantage of our numerous videos of past seminars and workshops which are always available on our YouTube Channel – Moneylife TV and Moneylife News Bites.

Although counselling on various issues from our experts is not possible in-person, you are welcome to email on [email protected] with your details. We shall forward your mail to the expert for guidance and do our best to get your query resolved.

You also have the option of posting your query on either our Legal Helpline or Credit Helpline.

Also, Moneylife Foundation is now on Telegram and Instagram, so do follow us on these channels to stay updated on our activities and events.

As always, we look forward to your active feedback on issues that you would like us to discuss, and we will do our best to make it happen. Please do write to us at [email protected]

Best regards,

Sucheta Dalal

Founder-Trustee, Moneylife Foundation

Trustees: TS Krishnamurthy, Walter Vieira, Sucheta Dalal, Debashis Basu.

Moneylife Foundation is registered with the Charity Commissioner of Mumbai, is an Affiliate member of OECD's International Network on Financial Education, is a Supporter Member of Consumers International, Development Partner of Advocates for International Development (A4ID), and is a winner of the 10th MR Pai Memorial Award.

Donations are eligible for tax benefits under Sec 80G of the Income Tax 1961 (50% tax exemption) and MLF is registered under the Foreign Contribution (Regulation) Act, 2010.

80(G) Reg No: DIT(E)/MC/80G/685/2010-11 dated 7.2.11 effective 8.+9.2010 | FCRA Registration No: 08378138

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