Make Your Money Work For You
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Managing your money is very much like maintaining a healthy lifestyle. Just as exercise and a balanced diet require daily commitment, effective budgeting needs consistency and careful planning to yield results. Many people find the idea of budgeting overwhelming because it seems to demand meticulous tracking of every expense. However, if you create a system …
At first glance, the answer to this question might seem obvious, why stress over stock market swings when we can simply ride out the ups and downs? Yet, when we look at history, we see that even the brightest minds have been caught off guard by market behaviour. One famous example is Sir Isaac Newton, …
A reverse mortgage is often promoted as a useful financial solution for senior citizens who own their homes. However, it is frequently observed that this option is not widely embraced by retirees. A range of cultural, legal, and practical factors has been identified as limiting its popularity. The reverse mortgage process is explained in this …
Before we dive into the nitty-gritty of borrowing money, let me make one thing clear: I am not an advocate for taking on debt. In fact, I firmly believe in the saying, “The borrower is a slave to the lender.” However, life sometimes throws unexpected challenges our way, and in certain situations, borrowing money might …
Transitioning from tenant to homeowner is a significant milestone in life. This journey involves understanding the financial, emotional, and practical steps to make homeownership a reality. Whether you’re a first-time buyer or looking to upgrade, knowing the essential aspects of this transition will help ensure a smooth and successful shift from renting to owning your …
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 finance or simply put, your …
Before starting this blogpost, I would like to give a disclaimer that I am not a proponent of credit cards, and hence I do not recommend buying a credit card. The purpose of this blog is to make readers aware of how to choose the best credit card for your needs, if at all you …
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. …