You never know when an emergency will hit you. Emergencies like a huge medical bill payment or expenses during a period of unemployment etc. are not situations that seem vague in these trying times. But if you are a prudent investor and save money wisely, then you will be able to float over these situations.… Read More »
We all know how important it is to follow a systematic savings and investments procedure. But equally important is to pursue such a financial strategy that will help you combat inflation post-retirement. It is obvious that with prices of the commodities rising by the day, there can be no fixed amount of expenses you can… Read More »
Investments & Savings are the most important decisions in one’s life for which we advise you to contact a financial planner and avail their services. But, it is important for you, as a prudent investor, to know how capable your financial planner is. You must identify those planners who are not interested in your financial… Read More »
Before you start off to invest in mutual funds or Ulips, it is very important to analyze what kind of an investor you are and what your goals are. If you have a family and are in your mid 30s aggressive investment with a high degree of exposure to equities is most sought after. Since,… Read More »
The best systematic investments pursuit is the one where you are successfully able to save about 50% of your earnings. This can be easily possible if you are not into any loan repayments, especially a home loan repayment, wherein the tenure lasts about 15-20 years. In such situations, it is best to liquidate any of… Read More »
Apart from following a regular ans sytematic saviongs and investments pursuit, it is important to take a life insurance cover if you have dependents.. Obviously, a responsible individual will not want to see their family members get into a debt trap of taking a personal loan or any loan, for fulfilling any requirements. So, it… Read More »
Know where you stand The first step is to analyze your monthly income. The gross figure should include all the incomes generated from the working members in your family.. Do remember to add refunds, bonuses, rent, interest, capital gains as well. Know your spending: This process can be carried out in two ways; either you… Read More »
When there is an increase in the Prime Lending Rate (PLR), the interest rate on your loan will also go up, and your repayment would be higher. However, in most cases, financial institutions would allow you to pay the fixed amount of monthly repayment (EMI) throughout the loan tenure and would make any adjustment caused… Read More »
Yes, that is true. RBI in its monetary policy review expressed its dislike for teaser rates on home loans that banks were providing and said that banks need to make additional standard provisioning for teaser loans. This decision has come in the light of LIC Housing Finance linked loans-for-bribes scandal. It may seem to you… Read More »
You need to ensure that you have a strong financial back up even if you are single. Having the right kind of savings pattern can ensure that not only can you be benefited from covering your expenses after retirement but can also guarantee you a cover for medical emergencies and fulfill your holiday aspirations in… Read More »