In times of emergency, you may need to take a loan, which is a significant financial challenge for many middle-class families. It’s crucial to responsibly pay off the borrowed debt to prevent it from becoming overwhelming and negatively impacting our lives and those of our family members. Tragically, we often hear about people resorting to … Read more
Investors have increasingly shown interest in investing through a Systematic Investment Plan (SIP). SIP allows people to invest a small monthly amount to generate long-term returns. However, mutual funds offer a Systematic Withdrawal Plan (SWP) alongside SIP. Let’s understand SWP. While SIP involves regular monthly investments, leading to a substantial amount over the years, SWP … Read more
While investing money, all aspects need to be considered. Even small mistakes should be avoided. It’s essential to define the purpose of investing and to plan appropriately. Only then will your investment yield positive returns. Mistakes are commonly made when investing. Assessing the surrounding conditions before investing and carefully observing everything is essential. Emotional balance … Read more
Credit limits are crucial for credit card customers, as all financial transactions depend on them. These limits determine how much a person can spend using a credit card. While it’s possible to request a credit limit increase from the card issuer, it’s crucial to understand that surpassing the limit can lead to over-limit charges and … Read more
Many employees and businesspeople use credit cards these days. With special discounts and rewards, credit cards have become the preferred payment method. However, many people make credit card mistakes, which can lead to financial problems. Learn about credit card users’ common mistakes and how to avoid them. Everyday purchases: Most people use their credit cards … Read more
Using credit cards effectively is an art that requires discipline, strategy, and a solid understanding of how credit works. When used responsibly, credit cards can be a powerful tool for building credit, earning rewards, and managing finances. However, when misused, they can lead to debt, financial stress, and a damaged credit score. In this article, … Read more
Owning a home is a significant milestone for many in India, but the journey to homeownership can be challenging. There are numerous hurdles to finding the perfect property and saving enough money. Fortunately, several banks and financial institutions now offer home loans, making it easier for individuals to achieve their dream of owning a home. … Read more
What to Do When You Receive a Tax Notice from the IT Department After Filing ITR and How to Reply to 143(1) Notice? Reply like this. When you file your Income Tax Return (ITR), the process does not end there. The Income Tax Department begins processing the filed ITR; some individuals may receive a notice … Read more
Mutual funds are one of the most popular ways of investing nowadays. Those who cannot directly invest in the stock market put their money in mutual funds. Recently, investments in mutual funds have increased tremendously, with thousands of crores being invested. But what happens to the investors if the mutual fund company goes bankrupt or … Read more
Most bank accounts have a zero balance, but paying attention to this is important. Your bank account needs to maintain a monthly average balance (MAB), which is crucial to avoid various issues. The Monthly Average Balance (MAB) is the average amount you keep in your savings and current accounts during a calendar month. It’s calculated … Read more