Category: News

How to Plan a Holiday on a Budget?

28 May, 2014

Though each one of us would like to spend holidays with our family members, the biggest problem is not having the right kind of money. On many occasions, though we might have the resources, finding timing is a big challenge. However, in this article we will be having a look at the various ways by which a good holiday can be planned within a budget.

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A few new tips to save more money

24 May, 2014

There is always a new blog or article about various ways to save money. A method to save a few dollars is very useful and essential. If you take a closer look at the way you spend money, you will be able to find a few ways to save.

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Various Tax Benefits for Students

21 May, 2014

The government has designed various tax benefit schemes for students falling in different categories in the current financial year. Whether you are a dependent or an independent earning student or if you are earning nothing or earning very less, you ought to know that the government has planned exemptions, deductions and grants for all. All you need to know is the category in which you belong.

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How Does Amortization Schedule Work?

17 May, 2014

Before we get to understand more about the way amortization schedule works, it would be a better idea if we had some basic information as what exactly amortization schedule is. In simple words, an amortization schedule is a table each and every payment that you make, against a loan that you have taken. The table shows the interest component that gets added to your principal and also gives you the latest picture of principle outstanding after factoring the repayments that you have made over a period of time. Though it might look a bit complicated in the beginning, if you understand the way it works, you will find out how simple it is.

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Basic Finance That Young People Should Know

14 May, 2014

One has to understand the impact of compound interest to get a better idea about the need to comprehend how important savings are. If you look at lives of our fathers and grandparents, it is quite likely that the company for which they worked took care of their retirement income. However, the onus now is gradually shifting to the employees now. Today’s employers look at employees only as short term assets and ensuring their retirement future is not exactly, their domain. Hence, the onus squarely rests on employees to understand the importance of saving early in their lives.

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Non Payment of Students Loans Could be a Double Edged Sword

10 May, 2014

Funding higher education is getting harder

As we read this article, it is quite possible that quite a few parents are find it extremely difficult to repay federal loans that they have taken for their children’s education. This is as per the latest information available from various data and statistics. As per the plans floated by the federal government, there is a provision to take loans to fund education expenses, as far as the uncovered part is concerned. The ratio of ability of the borrower to repay to his or her income levels is not taken into consideration while disbursing such loans. This is more of a social commitment to the poor and needy from the federal government. However, there is a legal binding on the part of the parents to repay this loan. As the higher education is becoming increasingly expensive, many parents find this program to be extremely useful, when it comes to funding their children’s higher education.

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Reducing Your Debt And Increasing Your Savings

7 May, 2014

Bringing extra dollar home is what a modern man strives for; no business, no individual is different, whoever you are, whatever you do, an extra dollar will always help. However, earning that extra money is the real problem everyone faces. There is many a way to maximize your income and many a way to minimize your expenditures; both ways leave you with more money, helping you on the long run. On one side everyone wants to earn more on the other side everyone wants to save more and erase debts; any of which is not possible without proper strategy and knowledge.

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How to Create a Weekly Budget?

3 May, 2014

Creating a weekly budget is the best way to manage your finances. Not all bills and fees come in a regular schedule within a month. To organize your budget that is payable in different schedules, a weekly budget plan is ideally a good thing to accomplish. Monthly expenditures such as water and electricity bills, payment for home or auto loans, food and other necessities should be planned accordingly to know how far your budget can be stretched. To keep track of these expenses, it is advisable to formulate a weekly budget. It is important to keep up with two main important factors in your weekly plan, know how much is your income and how much will you be spending.

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How to effectively split your paycheck

30 April, 2014

Dividing your salary is very important because there is only one income source, but multiple expenses. Among these, there are many fixed expenses while others are dynamic as well as some unexpected ones like in cases of emergencies. So to tackle this issue, it is very important to properly divide your salary so that not only you have channelized your expenses properly, but also end up with a significant amount of savings at the end of the month.

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How Do I Use My Credit Report?

26 April, 2014

Most of the people go for the loan or debt when it comes to go for money. There are a number of ways through which you can get the debt easily but the serious complication arises when you have to dispute the debt. It is therefore very important to cover all the minor details about the dispute before presenting your case to the company that has granted you with the loan. All the documentation must be completed before presenting it to the dealers, debt-collectors or the company.

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