Idiot's guide to survive cashless - Give up 500/1000 notes

So the man has done it! Congratulations to Mr. Modi for a historic step towards corruption-free and safe governance. You have to hand it to him.. He has taken this step in the interest of the nation without worrying about how it'll affect his popularity and completely shunned votebank politics. This, at least, deserves a salute!

The night we received the news that 500 and 1000 rupee notes have been banned, it was like everyone's thinking processes overshot. Some headed to the banks.. of various rivers the others went out shopping for tickets to nowhereland and gold while still others were left befuddled. It made us realise that the circulation of 500 and 1000 rupee notes had become so common that the overnight demonetisation step felt like a bolt of lightening! But these past few days have taught me that it is indeed quite possible to live without the darling denominations! Here is my take:

1. Do not shun digital banking: If you have been avoiding the usage of banking apps and websites, now is the time to get started! At first it does present itself as a task but it eases your life a great deal. Life becomes so much easier when you take finances in your control.. completely! Remember to keep your username and password safe like for any other digital account.

  2. Use digital wallets: PayTM, Mobikwik and Freecharge are some of the popular mobile wallets. Their usage has been increasing day-by-day as they bring in more and more service providers under their umbrella. You cannot escape them. They fill in the gap where organised markets are missing. You will soon be able to pay your several 'walas' - rickshawala, bhajiwala, taxiwala, doodhwala - through digital wallets. With an array of discounts, coupons and cashback offers, they make perfect sense now. 

3. Use your plastic cards: If you have horror of the plastic, take part in your own version of Fear Factor and take the plunge. The convenience that it offers is worth getting over your fear. BUT, you have to use it prudently. Apply for a card with low credit limit. Be careful with your passwords, link it with your bank accounts, do not store any sensitive data on the phone - these are some precautionary measures to be taken.

4. Hoard some Chhutta: I know it is difficult but keep small change handy. It is very useful. Hoard it a bit and it'll be of use to you at the most unexpected moments.

5. Use common sense: With cash in hand, we feel rich and want to spend up everything specially if we are on a hot date! Now impress your girlfriend/ boyfriend by showing how digi-savvy you are. Cut down on unnecessary spending and use your money wisely! 

Launch of Flatsandmates.com

So it has finally launched! 

www.flatsandmates.com

Launching a venture is even more gruelling than having a baby! Believe me I have had the pleasure of experiencing both. There are too many external factors that we have to depend on to translate your vision into reality. But the fruit of waiting is always sweet though you may have some bitter moments in the interim. 

JOURNEY

 

Flatsandmates.com is a journey that began in 2012. A colleague was shifting to Delhi and she was worried about her accommodation. Well, there are many cliches that we Bombayites have heard about Delhi so it is natural to be concerned. So there she was trying to use the power of her offline network but it wasn't working. Then one fine day, as we were talking, she announced that she found the perfect flat with a nearly perfect flatmate and that too without brokerage! We were happy for her but I thought that here is one lucky girl who has some guardian angel in Delhi. Not everyone can get this lucky. But, in fact, she told me that it wasn't her offline network but rather social media network that helped her get this deal. 

Now I was really curious. Does this really work? Linking it to my situation, my family has some properties and when we want to rent them out, it is a big ordeal to find good tenants. Moreover, we have to pay hefty brokerage. Thus I decided to try this out and created the Flats and Flatmates (Mumbai) group. I added my family and friends and it started out as a small group of some 100 members. But within just a month the group went from 100 to 1000! That is when I was sure it works. Here was a novel concept of getting people together. It was based on trust, mutual interest of economising, genuine need and quick solution. 

After two and a half years, it was a natural progression to create my own website. The gestation period was far from enjoyable but to see my baby taking shape little by little was enough to keep me going. The building up process lasted more than a year but I am so happy to have finally delivered a healthy bouncing second baby! 

HOW IT WORKS

If you have a place to rent or if you are looking for a place on rent, just place a free advert on the website and easily share via Facebook or WhatsApp. You can get in direct touch with your respondents. The website has additional features like Move Out Sale, Buddy Chat, a personalised Dashboard where you can send and receive Enquiries. Unlike the Facebook community that is strictly for those looking for broker-free options, the website welcomes Real Estate Agents. Yes, all said and done, estate agents are useful during times of urgency. 

So keeping my fingers crossed and hoping for the best!