Jul 17
A Guest post from Neil.
As the economic condition in the US is fragile enough, most people are trying their best to get a grip on their personal finances so that they can easily reduce their debt burden and avoid running to professional companies for debt help. If you too are interested in saving money in your daily life, you must make sure you take some important steps that can ensure a happy and frugal life. Coupons can help you save a lot of money but very few people know the ways in which they can save money. With the shaky economy, an increasingly large number of people are trying to save money on groceries. Have a look at some such ways of saving your hard-earned dollars with your coupons. Continue reading »
Tagged with: Money Basics
Jul 14
A guest post by Ramalingam K, an MBA (Finance) and Certified Financial Planner. He is the Founder and Director of Holistic Investment Planners (www.holisticinvestment.in) a firm that offers Financial Planning and Wealth Management. He can be reached at ramalingam@holisticinvestment.in.
Is lack of time making you go crazy in your attempt to plan your finance?
Does your busy professional schedule offer you time to monitor your personal finance?
Balaji is working for an MNC. Today he has got a deadline for a particular assignment. His day is fully packed. First thing in the morning, he receives a mail from his HR Dept stating that today is the last date for producing proofs for tax saving investments; otherwise a huge amount will be deducted from his salary as tax. He wanted to do some tax saving investments urgently and submit the proof on or before end of the day. Continue reading »
Tagged with: Income Tax • Manage Money • Tax Saving
Jul 01
This is a guest post by Ramalingam K
Ramalingam K, an MBA (Finance) and Certified Financial Planner. He is the Founder and Director of Holistic Investment Planners (www.holisticinvestment.in) a firm that offers Financial Planning and Wealth Management. He can be reached at ramalingam@holisticinvestment.in.
Mental Accounting is one such money mistake even smart people are committing. Understanding this mistake and avoiding this could make us richer. Behavioral Finance experts say that mental accounting works this way: Let us say you have bought a Rs.200 ticket to a movie. When you show up at the entrance of the theatre and realize you have lost your ticket, do you buy another ticket? Continue reading »
May 02
Please read Part I
For this purpose banks want to get the money back as soon as possible. If you observe the chain of events, if say one or two defaults still bank will not be losing a great deal of money, its profit might come down a bit. Then why does bank gives long term loans for home loans? It is very logical for the banks to do this. The banks keep the interest rates low for home loans in order to lure the customers and ensure that they get a huge customer base. If many customers are lured to this home loan then they are in great profits. Continue reading »
Tagged with: Manage Money • Money Basics
May 01
Loans are very common these days. There are various kinds of loans; most common ones are Housing loan, Personal loan, Educational loan, Credit Card loan and Vehicle loan. Except the housing loan most of the loans have a short term period for repayment. It is very critical for the banks to get the money back from the borrowers and ensure the smooth working of the banks. When bank can make more money by giving it for long term why does it prefer to keep the term short for other loans other than the housing loan? Continue reading »
Tagged with: Manage Money • Money Basics
