In today’s digital age, almost everyone uses credit cards for various purposes, such as lounge access, fuel, and shopping. However, many people consider closing unused credit cards to reduce unnecessary expenses. But is it profitable to do so? Let’s find out. Credit Utilization Ratio: The Credit Utilization Ratio (CUR) is the percentage of the credit … Read more
It is natural for parents to want their children to excel. For this reason, they invest in their education and take good care of their health. However, many may not know they can claim tax deductions on expenses for their children’s education and medical needs. This article will explore the costs and savings parents can … Read more
Have you ever needed cash immediately but couldn’t go to the bank or ATM? In India, a helpful service called the Aadhaar ATM can assist you. In today’s fast-paced digital world, convenience is key, especially when managing finances. If you rely heavily on digital payments like UPI but often find yourself in need of cash, then you’re … Read more
Many people use credit cards for various purchases and payments, often without having to pay immediately. Credit cards are widely used for their convenience in allowing spending now and paying later. They typically come with an interest-free period of 20 to 50 days, during which cardholders must pay their dues. If payments are missed, the … Read more
Investing and wealth creation take many years. Financial goals and needs vary for each individual. Despite the differences in goals, certain fundamental aspects of investing should be adhered to. Everyone must plan their financial affairs to ensure economic security. Diversifying investments through various methods is crucial in achieving different financial objectives. Additionally, investment strategies should … Read more
Mediclaim vs. Health Insurance: New health problems are emerging in today’s lifestyle, and it’s impossible to predict when a health emergency may occur. Therefore, it is essential to have an excellent medical or health insurance policy to avoid potential financial problems in the future. While Mediclaim and Health Insurance may sound similar, their health coverage … Read more
Today, buying a plot and constructing a house or purchasing a new house outright is not expected due to the high costs involved. As a result, many people opt for home loans from banks and financial institutions. However, the loan amount obtained in this manner must be repaid monthly in Equated Monthly Installments (EMI) along … Read more
A bank account is not just a convenience; it’s necessary for everyone, including employees and ordinary people, to access government benefits. Without an active account, you could miss out on these crucial resources. However, opening an account is just the beginning. It’s crucial to keep it active to ensure it remains functional. Your savings or … Read more
Attention all income taxpayers: Starting October 1, several income tax changes will occur. These changes include requirements for the Aadhaar card, changes to Securities Transaction Tax (STT) and Tax Deduction at Source (TDS) rates. The Direct Tax Vivad Se Vishwas Scheme was introduced, as proposed in the Union Budget 2024 and later approved in the … Read more
Once upon a time, merchants stuck notes on people with messages like ‘Delayed hope is dashed, hurry up – no better time can be found.’ Now, e-commerce websites are using similar tactics but more stylishly, offering limited-period offers, huge discounts, and festive deals to attract customers. These offers often come with an added sense of … Read more