Simple Tips To Save Money

Simple Tips To Save Money

One should have the habit of saving money right from childhood.   The purpose of saving is different when you are a child and becomes essential as you grow up and the importance of saving changes.  As a child the saving is just for fun.  The parents give the child a piggy bank in which they give them a penny a day to drop into it and after the exam when the piggy box is full they can buy toys of their choice.  The children must be taught from beginning itself that money saved is money earned. As one grows up and has a family the responsibilities also increase.  A person gets married, and has children and then the habit of saving comes into light.  They will now understand its importance and when he or she completes studies and starts a career, they will still have that understanding of saving in their mind and they will want to start saving from their own money but this time it would  [...]

Income and expense balance

Income and expense balance

It almost happens like by the end of the month you barely have any hard cash in your hands and you eagerly await your next pay check.  This does not mean that you are over spending or you are wrong in your calculations.  Yes, you may be lagging somewhere in preparing your budget and your personal finance may be in a mess.  It is difficult but not impossible to control expenses, especially in today’s inflation days.  What you may need to do is just limit your expenses to necessary items.  Of course, you need to store in daily food stuff and pay for your necessary medicines.  If you prepare a budget and spend where necessary, you might have a little liquid cash in hand.  Some regular bills include your daily foods like your morning eggs and bread, children food like cereals, fruits.   Depending on how many meals you cook in a day, you need the required oat and oil. Even your  [...]

Anxiety of the first day at a new job

Anxiety of the first day at a new job

 When you go for your first job or change a job, you go to a new environment and you get new colleagues. It is not necessary that this is something related to worrying, it may be an excitement also but some people feel anxious about this. A person who has to go for the first job of the career after completion of studies (like graduation) gets some exciting thoughts about this. The person is excited that now he is going to earn money from his own hard work. The person gets excited about getting his/her first pay and how he is planning to utilize it. The person will talk to his parents and friends how happy he is feeling. A person who is changing a job has a different type of feeling. The person goes to a completely new environment and gets new colleagues. The thoughts that will flash his mind would be what the new colleagues' attitude would be or what kind of pressure he/she will be  [...]

The Significance of Safe Investments

The Significance of Safe Investments

  Savings are your tools to encounter unforeseen circumstances, medical emergency, loss of job, family commitments and must be planned and evaluated with due diligence and wisdom, and neglecting your savings will make your vulnerable to all the pitfalls which you may face in near future. Savings is not determined by quantum of money, but how you initiate the process keeping in mind your expenses and curtailing expenses which are not important and slowly saving small sums of money which eventually grow in to sizable amounts and can fetch you good returns. You must invest your savings very safely, and do not get lured or enticed by schemes which give huge returns but turn out to be duds and disasters, rather keep your money in a savings account with a bank which gives you a high rate of interest than the normal 4 % and have a flexi or sweep in account with your bank, which gives  [...]

2013: A Dynamic Year For Stock Markets in India

2013: A Dynamic Year For Stock Markets in India

Stock markets were very volatile and fluctuating this year and there is a buzz and a positive sentiment that the economy may pick momentum in the year 2014 and stock markets will be showing a healthy growth and stability. Investments in stock market however should be disciplined, low risk, and hedging should have no place in a common mans financial portfolio, and small time investors should not get lured in investing in a particular share  by listening to the stories circulated in the market and in the process incur huge losses. A small time investor in stock market must gather all the relevant information, check out the financial status, evaluate their plans and assess their long plan projections if he intends to buy shares of a company which is nascent stage and proposes to raise money from the market, and if you get in touch with independent research firms, you may have access to all  [...]

Pay Your Taxes on Time To Avoid Penalties and Litigations

Pay Your Taxes on Time To Avoid Penalties and Litigations

The rate of taxation in India seems to be too high and with varied taxes levied like Income Tax, Wealth Tax, Capital Gains Tax, Service Tax, VAT Tax, life of a common man is burdened with all kinds of taxes imposed on him, and invariably there is a tendency to evade taxes and in due course of time become a defaulter and invite legal cases. Taxes however have to paid on time for the development of the country, and one must carefully evaluate and analyze one’s tax liability every year prior to making investments and your income, expenses and investments should match in the right proportion and if mismatch of the same is found by the concerned authority you are liable to be prosecuted and heavy penalties may be imposed on you. It must be noted that all high value transactions  or investments are carefully checked by CBDT and CESS, the authorised government authority , and in case of misinformation  [...]

Insurance Made Easier In the Modern Times

Insurance Made Easier In the Modern Times

Today the concept of insurance has changed and the dynamics of this concept have become more investor friendly and are considered as one of the most attractive financial instruments to display in the individual’s portfolio, which has the potential to provide an individual assurance of security and attractive and lucrative returns. Insurance today is formatted in a way that raising a loan against endowment type and other policies becomes an easy process and hence it can be used as a collateral or security to avail commercial or housing loans, and at the same time have your life and property secured. A unit linked plan of an insurance policy gives an insurer an access to gain benefits from the returns available in the capital market, without venturing in to the capital market and with no direct investment in the same. However unit links are subject to market risk which may again fall  [...]

The Dynamics of Consumer Preference While Buying A Dream Home

The Dynamics of Consumer Preference While Buying A Dream Home

The dynamics of the real estate have drastically changed over the past few years and homes have become much more conceptualized, strategically located, well planned and futuristic townships. The homes built today are in sync with our ancestral teachings implemented for good health and happiness in our life , deeply thought character building amenities, making room for harmonious environment, provision for well being of senior citizens , play parks  for kids, gym, jogging track, swimming pool, amphitheatre for the young and energetic. The homes are strategically located in close proximity of schools, collages, hospitals, malls, multiplex, bus stands with well connected transport service. The other most important change in the concept of housing is that buyers are now aware of the environmental issues and want a house that is green, eco friendly, energy saving, with all the systems  [...]

Know Your Rights Before Investing in Real Estate

Know Your Rights Before Investing in Real Estate

If you have recently ventured into real estate and purchased a house in a co-operative society it is imperative for you to know your rights under the co-operative laws and you must ensure that the society complies with the same. As a flat owner, the society has to issue a share certificate stating the flat number. Allotted to you and it should be registered in your name in all the society records. The share certificate must be duly stamped and signed by the society in the prescribed format. Every society member has a right to use common areas and all the amenities provided by the society. However it is important that the same should not be misused or no norms should be violated and all the members must live in peaceful coexistence. Every member has the right to inherit property, appoint nominee for the registered property. Every member has the right to attend the general body  [...]


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