Following some rather elementary tips can go a long way in not only saving money, but also deriving maximum benefit from it. Perhaps it's the demanding nature of our everyday chores that make us overlook these tips. In this article, we discuss 4 tips that will help you make the most of your money.
Following some rather elementary tips can go a long way in not only saving money, but also deriving maximum benefit from it. Perhaps it's the demanding nature of our everyday chores that make us overlook these tips. In this article, we discuss 4 tips that will help you make the most of your money.
Work fetches money and that is what keeps us going. But how about money fetching more money? We plan to give you what you need to get started.
Multi-currency pre-paid cards are a good option while travelling abroad.
Make financial planning a part of your education and definitely a part of your marriage, says financial planner Sheetal Jhaveri.
Resist the temptation to react to every move of the market and remain disciplined with your investments till you reach your financial goal.
Returns of liquid funds are meant only for the short term and don't help investors create wealth over the long term, as equity funds do.
Starting your investment early with more risk appetite will give the investor a better chance of growing the money.
Queen Elizabeth II's household finances are at a "historic low" with just 1 million pounds left in reserve, even as the royal palaces were "crumbling" and in urgent need of repair.
'To be able to sail through such volatilities, it is prudent to focus on quality.'
'Young investors should focus more on equity, while retired senior citizens should prioritise fixed income.' 'Mid-career investors should aim for a balanced allocation.'
More than 50 per cent of SIP accounts come from semi-urban and rural areas.
If you are have an account with State Bank of India, HDFC Bank or Axis Bank you will have to pay higher charges for using ATM more than five times a month.
Your awareness about the effect of the home loan tenure and EMI on your loan empowers you to take better decisions, explains Gaurav Mohta.
Is the latest mobile or car or a house the goal? If so, the savings and investments should be aimed at catering to it. The amount needed has to be worked out, and money needs to be saved, accordingly, suggests Sarbajeet K Sen.
While festive offers can reduce costs, borrowers should also consider the lender's transparency and service quality. Customers need to be mindful of their repayment capacity.
'Credit card debt comes with high interest cost and stringent penalties.' 'If you do not repay on time, the costs balloon.'
Do you have financial planning queries? Ask rediffGURU Anil Rego.
Don't let panic ruin your wealth. Avoiding these mistakes can save you from HUGE losses, says Ramalingam Kalirajan
It was a protest which held a mirror to the government of a state taking pride in its commitment to democracy, gender equality and social indices.One person, who in his employed days had known governments and political parties at close quarters, told me that public perception of how the Kerala government handled the ASHA workers' strike had been terrible, reports Shyam G Menon.
'When money has taken up almost all your space in the relationship, it is time to act,' advises marriage coach Leena Paranjpe.
Make the most of the income that you earn by invest the money in the right instruments. The advantages of starting early and investing right cannot be overstated, says financial planner Harshad Chetanwala.
'More investors now view the stock market as a valuable opportunity, though many still seek quick gains, leading to a rise in futures and options trading.'
Tips to help you save money before, while and after taking the loan
Fight the high season and ridiculous prices with these simple and easy travel hacks.
Using credit or debit cards abroad can prove costly.
'The PAYD model adjusts the premium based on your driving habits. If you drive less, you pay less.'
Managing your own money is empowering. And if you haven't started yet, now is the perfect time!
DAP does not consider past I-T returns to match a taxpayer's resources with their expenditures or investments, points out Harsh Roongta.
While equity savings funds could offer higher returns over three-five years, they would also be more volatile.
'Compare the new slabs with the previous years to understand if your tax liability will increase or decrease after the Budget.'
'With tuition fees for international students rising, education loans have become critical for bridging the gap between savings, scholarship, and full cost.'
With unlimited youthful energy, a capacity to earn more and wonderful years ahead of them, students definitely need to learn about handling money matters early in life. Here's a good starting point
Long-term tax-saving FDs can also be considered after the PPF limit has been exhausted.
Carrying part of the money as currency and the rest in a travel card makes for a hassle-free holiday abroad at the least cost.
Women are multitasking and management queens. The pointers here can easily be managed by all women along with juggling their current tasks at hand. Superheroes are fictional whereas superwomen are real. They are all around us!
Data from Value Research analysed on five-year, three-year and one-year performances of active equity schemes to pick the best performers in popular scheme categories.
Direct tax expert Vikas M Gandhi offers some valuable tax-saving tips.