Financial experts strongly advise that planning for retirement should begin as soon as you start earning. However, many overlook this crucial step, often underestimating the potential financial difficulties that could arise post-retirement. The longer you delay, the more you risk falling short of your retirement goals. The relentless march of inflation further underscores the need … Read more
Millions of people in our country own cars. For many, a car is a “status symbol,” while for others, it is a “necessity.” Although many individuals purchase cars, they often need help differentiating between auto insurance, auto warranties, and auto service packages. A common misconception is that service packages cover the same things as warranties … Read more
Every household should maintain a budget, like central and state budgets. When both partners are clear about where each rupee goes, it can reduce money-related stress and help them lead comfortable lives. Almost everything in life involves money. Anyone who says otherwise is not being truthful. Money is essential for maintaining relationships, funding children’s education, … Read more
“Buy Now, Pay Later” (BNPL) has gained significant popularity online shopping. It allows consumers to purchase desired and essential items even when they don’t have any money. However, this payment method has its advantages and disadvantages. Let’s explore them. With the BNPL option, you can immediately acquire the items you want and pay for them … Read more
The Reserve Bank of India (RBI) has announced increased payment limits for payment interfaces (PI). Previously, UPI 123Pay and UPI Lite wallets were designated for small transactions only. With the revised limits, users can now quickly pay thousands of rupees. Let’s take a closer look at how much the RBI has raised the UPI limits. … Read more
It’s not surprising that almost everyone has taken out a loan these days. Many people work primarily to manage their loans’ Equated Monthly Installments (EMIs). Banks now offer loans over the phone, boasting that the application process can be completed in minutes and is paperless. However, it’s important for individuals interested in taking a loan … Read more
Senior citizens enjoy more benefits than the general public, particularly regarding central government schemes and bank fixed deposits. They receive higher interest rates, typically 25 basis points to 75 basis points more than regular citizens. While many investment options are available, senior citizens tend to prefer risk-free investments, opting for fixed deposits in banks or … Read more
Marriage is a significant event in everyone’s life, and many individuals wish to celebrate it grandly with their loved ones. Some parents may go beyond their means to ensure a lavish wedding for their children. However, not everyone may have sufficient funds to host an elaborate wedding, leading some to opt for a low-budget celebration … Read more
All parents want their children to have a promising future, so they start investing now. Let’s take a look at the best child investment plans available for such parents. 1. Sukanya Samriddhi Yojana: The Sukanya Samriddhi Yojana, launched by the central government in 2015, is a significant step towards securing your daughter’s future. This scheme … Read more
The central government has announced a new budget opportunity for parents to save for their children’s future. The National Pension Scheme (NPS) has been changed to include minors. The central government has launched the NPS Vatsalya, a new scheme for children. It will allow parents or guardians to invest in their children’s names. Under this … Read more