Money saved is money earned. This is an age old proverb which still continues to be as relevant as it was some thousands of years ago. However, saving is something which has to be inculcated as a habit and does not come easy. It is something that has to be started, when one is young. Once a person starts to make it as a habit, then it would be difficult to come out of it. On the other hand, once you decide not to make saving a habit, falling in line at a different point in time would be extremely difficult, to say the least.Read more
All the banks around you are announcing a lot of offers and customer retention programs to keep you in their business. This shows how profitable the banks find your account. This is mainly due to the bank fees incurred by the customers, every year.
Most of the people with or without knowledge are spending a lot of money as bank fee. The Bank introduces fees for a lot of different reasons from maintenance to the transaction process. Though the fee looks small in the beginning, they add up to a big figure. Small or big, it is once again your money that you can save. Here are a few fees that can be avoided.Read more
The first fear of retiring is the financial insecurity. Your incomes would drastically decrease and your spending might be higher than usual. According to a survey, about 50% of the people have not planned enough money for their retirement and about 20% of them have not started their retirement planning. Here are a few tips to help you plan your retirement perfectly.Read more
There are many people who create a ‘work area’ in their home so, when they are in their home, they can concentrate on their work. It furthermore helps to set a visual perception in the space, concentrating on the working goals, they are heading towards.
You get the best part of both the worlds: domestic and corporate. You get to work at your own home, yet you earn money like you would, if you worked at an office. It’s like owning my cake and getting the opportunity to eat it too. Who doesn’t wish to own the cake? Work from home has its advantages. However, it’s not as easy as it sounds. There are several things, I have learned from the last fourteen years regarding how it is in actuality, to work from home.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.Read more