Many believe that the stock market always yields profits and will never stop. Consequently, they keep increasing their investments in equities, which is a big misconception. Stock market indices fluctuate, and investors should be cautious to avoid losses and secure profits. Investments that guarantee returns typically offer lower interest rates, such as fixed bank deposits, … Read more
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
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
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
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
One of the most common renting practices is establishing a tenancy agreement for a fixed period. While many may consider a one-year lease standard, many property owners and tenants opt for 11-month tenancy agreements instead. This approach offers several advantages, especially in terms of costs and flexibility. Let’s explore why 11-month contracts are becoming the … Read more
In today’s society, middle-class families face significant financial stress due to minor mistakes. However, this burden can be avoided by following some basic principles. Let’s explore them now. Planning for the future: Many middle-class families live in the present without considering the future. It’s essential to anticipate significant future expenses such as marriage, children, and … Read more
Remember to nominate a beneficiary for all your financial accounts, including bank accounts, Demat accounts, and insurance policies. If the account holder passes away without a nominee, the rightful heirs must go through a legal process to claim the money. When an account holder dies, the banking and insurance companies transfer the funds to the … Read more
Most people have very little monthly income, but daily expenses are high. Therefore, they feel sad that they cannot save for the future. Are you in the same category? But don’t worry. You can reduce your expenses and increase your savings with simple tips. Let’s see what those tips are. Why is there a delay? … Read more