Investing in the Stock Market

Who doesn’t want their capital to grow! There are many ways through which people spend their hard-earned money to get the benefit of interest regarding money. Investing in stock market is one of the efficient way for any individual or institution to boost up the monetary fund, but unfortunately very few of us have interest in share market investment despite it being discussed on a regular basis on different channels on TV. But still, people...

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Making a Will

We all are too busy in our lives to create assets. But this is just one aspect of our financial planning. The other part, that is equally important, is to have a wealth succession plan. It is critical to decide on what happens to your accumulated wealth after you are gone. This planning is important to ensure transfer of your wealth in the way you decide and to the people you choose, and most importantly, to avoid any unnecessary legal situations...

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Managing your Household Budget

Money trouble is the common thing in most of the middle-income group families today. It’s truly a big task to handle the household expenses in balanced and precise manner. If the budget is not maintained then, it can be a reason of financial crisis. When it comes to creating a household budget, it takes adequate time and right decision in order to control the money and save it for other essential needs so as you may not be compelled to cut your...

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Setting Financial Goals and Budgeting

Travelling to any place would require a pre-requisite knowledge of the destination details. Likewise, when it comes to money, it is very important that one knows where exactly one wants to end up in terms of the amount of money they want to have and the reason they want to have it and to create a budget around it. To do this, one needs to set financial goals to achieve the objectives that one has set. There are basically three types of financial...

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Understanding Payment Banks

Recently India has opened up a new category of Financial Institutions called Payment Banks and it is good to understand them and how they function. A Payments bank is a differentiated bank that will undertake only certain restricted banking functions that the Banking Regulation Act of 1949 allows.It is just like any other bank but operating on a very lower scale without involving any credit risk. In simple words, we can say that the banks which...

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The crippling debt of credit card debts

                             Credit card debt is like bringing back inflation. While using your credit card wisely can help you to build your credit score, misusing your credit cards can actually hurt your credit!!! The young generation has most fallen into the credit card trap. When you spend with cash, you are able to physically see exactly how much you’re spending....

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Reverse Mortgage - Making Money off your home

The reverse mortgage is “a loan agreement in which a homeowner relinquishes equity in their home in exchange for regular payments”. It is similar to a housing loan except that in a housing loan the borrower pays a fixed EMI to the lending bank, while in a reverse mortgage the lender pays the borrower a fixed sum of money on a monthly/quarterly basis, the total payment being equal to the value of the properties and the interest on the amount of loan. After the death of the borrower, the housing company sale the property to recover the amount...

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