Why you should review your financial plan!
Your financial plan is one which chalks out your financial goals and how you plan to achieve them. As the situations in life change, your financial plan also requires regular reviewing and change. Just as how you undergo regular health checkups to review your health and regular service for your vehicle or electronic appliances, your… Read More »
When you should not use your credit card!
Credit card is one of the most important financial inventions in modern times. However, this much-sought after boon can be a real bane to your finances if not used with care. Here are a few instances when you should restrict the use of credit cards in order to keep your finances in order. Using credit… Read More »
All about bank savings a/c interest rates!
Every individual has a Savings Bank account, but pays little attention to the interest earned on the balance in this account. Some people may not even know that the balance they maintain in their savings bank accounts earn an interest. In the past, before RBI had deregulated the savings bank interest rate regime, all banks… Read More »
Financial planning for the new investor!
When you start working and begin a career, your first thoughts will not be financial planning or saving. Considering the plethora of investment options available today, it is understandable that a new investor, with limited knowledge and experience will get overwhelmed and confused. However, if things are done methodically and in a well planned manner,… Read More »
Dangers of chit fund investing!
Sarita and her husband Shiva earn an income by working as a maid and a driver in the Vijayawada district of Andhra Pradesh. They invest a part of their income in the Dhanarashi Chit fund that is run by a local jeweller. When the first meeting was called for the auction of the fund, Sarita… Read More »
How to be frugal on vacation spends!
All of us take vacations at different frequencies to help us have a change from the usual routine and also to rejuvenate ourselves. While going on vacations is fun and desirable, it is very important that the vacation goes on without any hassles. Let’s look at a few tips which will help you to be… Read More »
Tips to avoid financial crunches!
Managing your finances efficiently is extremely critical in financial planning. This is true for both individuals as well as businesses. Imagine the case of an individual, when his salary increases at a nominal rate every year, whereas expenses increase at a faster pace due to high inflation. It is very easy to face a financial… Read More »
How can you plan your EMIs?
Purchasing a home and moving into it is a dream come true for many individuals. Almost all home purchases today are funded by a home loan. This means payment of hefty amount as down payment as well as monthly outflow in the form of Equated Monthly Installments (EMI). Even if you can actually manage to… Read More »
How to make the most of your money!
Many a time, it is seen that people give importance to earning more money or on investing the money earned in various investment avenues. It is often misunderstood by many that earning and investing are alone sufficient to be wealthy. Equally important is to make the most of the money you already have. People generally… Read More »