Investing in plot or flat enclose their pros and cons. While purchasing a piece of land offers you the freedom to construct a house based on personal needs and limitations, buying a pre-designed apartment does not leave much scope to…
Compound Interest means gaining ‘interest on interest’. In simpler words, compounding means reinvesting the interest you gained on an investment, as against depositing it in your bank account or using it up. Let us introduce you to the benefits of…
It is not uncommon to come across incidents of bank robberies committed in broad daylight. Reports of armed goons storming into banks to rob lakhs have triggered panic amid customers and forced loads of them to either shut their accounts…
Generally, there are two sections of people who throng the arena of personal finance. One section skimps and saves to achieve financial success, while the other scoffs at scrimping and pockets big wins. In truth, both are right in their…
Many of us just swipe our ATM cards impulsively without checking the various occasions we use the service. The jolt comes when we are charged for disproportionate usage. Several banks charge ATM fees for the usage of their ATMs (Automated Teller Machines).…
The relation between income and taxation is directly proportional, the more you earn, the greater will be your income tax liability. However, this statement is not entirely true as there are certain incomes for which your tax liability is nil. These…
Early twenties is the time when one gets his first job and starts experiencing a new phase of his life. Twenties is also the right age to start planning for a financially secure life. However, due to lack of proper…
Managing your finances and planning your expenditure and investments so that your future becomes secure can be called as financial planning. Financial planning can be done for personal life as well as for businesses. This whole activity of planning and…