Make Your Money Work For You
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A recent poll found that ten years ago, tenants in important cities such as Bengaluru, Mumbai, Pune, Chennai, Hyderabad, and Delhi would rent nine times before purchasing a property. Today’s younger generation buys after renting just four or five times in their lifetime. For instance, in Bengaluru, the typical age of first-time house purchasers has …
Money habits are practices that support effective money management. The difference between financial success and failure can be determined by developing sound financial habits. You may increase your chances of becoming wealthy by adopting these five money habits. 1. Ownership of a Business: Salaried employees are rarely found in Forbes’ annual list of the world’s …
The word “personal finance” involves investing, saving, and money management. None of our schools provide classes on money management; therefore it’s crucial to learn how to handle your finances on your own by reading competent books, articles, and listening to podcasts from some renowned experts in the subject. The fundamentals of personal money management include budgeting, emergency …
Before starting this blog, I would like to give a disclaimer that I am not a proponent of credit cards, and hence I do not recommend to buy a credit card. The purpose of this blog is to make readers aware how you can choose credit cards, if at all you need to buy one. …
The number of non-performing assets in private sector banks’ portfolios of unsecured loans, which comprise personal loans and credit cards, has increased recently. In this blog-post, we will discuss some tips for those who are approaching default or are afraid that their credit score may drop as a result of missing loan payments. Avoid over-leverage: Over-leverage …
I’d like to begin this blog post by stating that I never recommend that any of you borrow money to buy a car, as you may be aware that a car is a depreciating asset and thus what you spend on it, whether out of pocket or with loan interest, is always a financial burden. …
Just to start with a disclaimer here, I am not a proponent of a credit card. I do not recommend people to buy credit card, as I am of the old-school follower that spend what you have in your hand, and do not spend by borrowing or taking credit. But the main objective of this …
For most house buyers, obtaining a home loan is the only option to realize their home-ownership dreams. While most purchasers focus on interest rates when selecting a loan, there are additional elements to consider so that you can increase your loan approval prospects at a reasonable cost and ensuring consistent repayment of loans. In this …
If we can look around our house, we can see that there are many items or appliances (especially kitchen appliances or electronic appliances) that are not new, and are age old. Few such examples are our mixer, grinder, refrigerator, washing machine, etc., which have been with us for a long period of time. Maybe 25 …
Inflation is still a contentious problem that has alienated everyone from central banks to people due to its erosion of value and depletion of savings. The vast majority of people attribute excessive inflation to external factors such as supply chain disruptions brought on by the geopolitical events surrounding us, which shook the world’s markets. Unreasonably …