Worried the Festival buying will slim down your Fat Wallet?

Worried the Festival buying will slim down your Fat Wallet?

Experts in psychology and consumer buying behavior state that impulse buying behavior is exhibited when purchasing is executed without proper planning and research which results in a stimulus to take a decision on the spot. Surveys say that this has mostly resulted in regretting later about taking a decision as such. So, have you wondered why is that we are under the influence of certain factors and get pushed into an impulsive buying spree? Festivals bring about an air of joy and happiness in the minds of people. And many…

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Anxious about the Appraisal? – Stay prepared for a poor pay hike.

Anxious about the Appraisal? – Stay prepared for a poor pay hike.

It cannot be denied that the Appraisal season brings with it uneasiness and anxiety. This year around macro and micro economic changes has the staffing and hiring managers expect poor or no hike for employees. This sentiment is prevalent across the IT, Telecom, real-estate and start-ups as reported in the Economic Times Wealth, February 2017. If you are wondering about the relation these macro and micro economic factors have on your performance, then that’s a question no business leader would be able to answer. However, employers always try to retain…

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How to plan and manage your vacation spending

How to plan and manage your vacation spending

Here are eight tips that can make your holidays cheaper and memorable.  Rasika Patel decided to fly her family including her parents to an international holiday trip. The sole earning member in the family and a single mother, Rasika’s priority was to let her family have a lot of fun on a limited budget. Her friend Tasneem had written a detailed mail to her last year on her holiday planning experiences and learnings. Rasika decided that it was time for her to revisit the mail and apply the same in…

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Should you hike your PF contribution amid falling returns?

Should you hike your PF contribution amid falling returns?

Employees’ voluntary PF (VPF) contribution can be taken right up to 100 per cent of basic pay. However, the employer is not required to match the additional contribution made by the employee. Many Employees’ Provident Fund Organisation (EPFO) members would not be aware that they have the choice of increasing their provident fund contribution voluntarily above the 12 percent of the basic salary that is mandatorily deducted for their retirement corpus. Employees’ voluntary PF (VPF) contribution can in fact be taken right up to 100 percent of basic pay. However,…

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Why Saving and Spending is all about Moderation?

Why Saving and Spending is all about Moderation?

The year is coming to an end and that should definitely bring some interesting questions to your mind about how you’ve saved and spent this year? Living expenses, Education, EMI’s, Emergencies and Gifts; what share did the all take from your income pie? Check your bank balance as on 1st Jan 2016 and as on 31st December 2016 has it grown? Liquid cash in your account speaks a lot about your spending habits. If you had a goal that you wrote down in the beginning of the year you might…

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Festive Freebies – Real Estate, Gold and Consumer goods. Are you Buying or Investing?

Festive Freebies – Real Estate, Gold and Consumer goods. Are you Buying or Investing?

This festive season focus on Investing rather than Buying It’s all or no buying for us. Name a season and almost everyone in India follows the same code. No rationale or reason, because it’s just the season! People consider it auspicious to buy on Diwali and Dhanteras.  They believe that buying real estate or gold means invoking the blessings of Lakshmi – the Goddess of wealth. ‘Dhanteras’ means wealth and it is the season to simply bring wealth into our homes by purchasing gold, real estate or anything that you…

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Credit card’s hidden costs you didn’t know about

Credit card’s hidden costs you didn’t know about

Credit card is among the greatest innovations of the financial product and service industry. The security features that have constantly been added make the little piece of plastic very valuable and extremely safe to use. The safety is less relevant to a shopping addict. The credit card is like a god-gifted boon to the veritable spender—just swipe your card at the counter, stretch your spending power, and take a call on whether you want to repay the whole amount or just a part of it. If that describes you, then…

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GST: How it impacts the common man

GST: How it impacts the common man

GST Bill passed yesterday is a historic piece of legislation which promises to unify the tax system for the nation and increase the GDP by 2 per cent.   With the Rajya Sabha passing the long-awaited Goods and Services Tax (GST) Bill, country’s most transformative tax reform in decades is likely to affect the common man in numerous ways. What GST means to you? After being unanimously passed, the historic legislation promises to unify the tax system for the nation and increase the GDP by 2 per cent. So while services…

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ITR-4S – As a small business owner, are you checking all the right boxes?

ITR-4S – As a small business owner, are you checking all the right boxes?

So what’s the small business man doing about his taxes? Let’s take a look. Over the years there has been a steady rise in the number or ITR forms filed. While we see a consistent increase in the forms across different categories there has been a sharp and steep increase in the number of ITR-4S Sugam forms. While we peek into those reasons a little later, let us first understand who are the individuals or businesses who file the ITR -4? An ITR-4 can be used by individuals or HUFs…

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