There are many good reasons why you should discuss finances with your partner once the relationship takes a serious turn. It can help you align your plans – from the next vacation to the first housing arrangement you consider together.
Being minimalistic can be considered the antithesis of being materialistic. You only buy or do things that you need and eliminate the things that you don’t need. Minimalism isn’t about being stingy about money, but more about being selective about your preferences.
Though even the safest investments carry a certain amount of risk, there are a some investment options that follow the ‘high risk, high reward’ mantra. If you have a low risk appetite you should stay away from the following 4 investment options.
Are credit cards angels from above or devils in disguise? The truth lies somewhere in between. Just as with any other tool, credit cards by themselves are neither good nor bad. How you use them is what matters. So let’s look at both sides of the story.
Warren Buffet has consistently been among the richest individuals in the world thanks to his intelligence and foresight. If you want to know what leads this man to be so successful, then you need to understand his rules of investing.
Indian Govt plans on banning all illegal & unregulated chits, clubs, committees, and other forms of unregulated social money saving schemes. Be safe and say NO to illegal & unregulated chits, clubs, committees, and other forms of unregulated social money saving schemes. The main impact to end customers are;No safety & guarantees for customers and customers risk losing money. No guarantee to any recourse from Regulators and Govt. Supporters & propagators face fines of Rs.50 Crs and Jail terms of 10+ Yrs.
KyePot is India’s only digital chit fund platform that has made participating in chits possible through our mobile app. KyePot partners with legal and compliant chit fund companies. KyePot actively validates the entire regulatory process and approvals for both the chit companies and also the regular execution of chits. To ensure the safety of the investors’ money, KyePot has taken a bold, innovative step in the industry and created secured bank accounts as escrows for safeguarding all investments.
TDS is nothing but Tax Deducted at Source. It is a way of collecting indirect tax by the government under the Income Tax Act, 1961. It means that a certain amount of tax (usually around 10-12%) is levied on certain payments, salaries, payments to freelancers and contract workers, and certain categories of vendors.
All of us are chasing the same thing – financial stability. People spend years to become financially stable by working hard and spending their money wisely. However, just because you make a lot of money does not mean you are in a good place.
A good credit score can give you lower interest rates on borrowing, eligibility for loans, credit card approvals, and other benefits. Getting a credit report is easy and you should ideally use it as tracking mechanism to improve your personal finance habits.
Managing your personal finance isn’t rocket science. We share some common mistakes that you’re probably making and reasons why you should avoid them
Regardless of how you end up with a loan, being in debt is a vicious cycle that effectively creates a glass wall between you and happiness.
The benefits of being debt-free clearly extend beyond the financial scope. Let us shed some light on the advantages of being debt free.
Making sure there are enough funds to provide you a financial cushion is the crux of retirement.
Alan Lakein once said, “Failing to plan is planning to fail”. The quote speaks for itself!