How to Spend Your Month-end Happily

How to Spend Your Month-end Happily

The biggest trick to help you spend less than you earn is to know exactly what you are earning and exactly where are you spending Have you ever reached the end of the month with almost nothing in your pocket and bank account? If so, you’re not alone. In fact, many Indians, often with large families, are living pay cheque-to-pay cheque. It can be one of the hardest cycles to break. Below are some tips on how to spend your month end happily and without worries. Know Your Exact Budget…

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Akshaya Tritiya: Big gold discounts on offer; do these checks before buying

Akshaya Tritiya: Big gold discounts on offer; do these checks before buying

When you buy gold jewellery you should always check for its purity by looking for hallmarking In a bid to lure gold and jewellery buyers on Akshaya Tritiya, jewellers are offering major discounts on making charges ranging up to 50% of the charges on other days. Orra Jewellers and PNG Jewelers for example are offering up to 50 per cent off on making charges on certain jewellery, while M K Jewels is offering 20% discount. “Our offers include 0% making charges on gold coins and gold bars along with an…

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5 ways to have financial compatibility in a relationship

5 ways to have financial compatibility in a relationship

Couples can work on creating financial compatibility by arriving at a common ground in financial matters such as spending, saving, and investing. This Valentine’s Day, one must not forget that financial compatibility in couples can make or break a relationship. Having a common outlook on money matters helps in creating a safety net. When partners are financially compatible, heartaches arising out of money issues are less likely to creep in. Couples can work on creating financial compatibility by arriving at a common ground in financial matter such as spending, saving,…

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Money Resolutions for New Year 2017

Money Resolutions for New Year 2017

We all know that New Year Resolutions are easy to list, but hard to keep.  And resolutions about money are even harder.  Here are some tips to help you keep at your resolutions. Go low on the interest you pay: This one is a big consumer of your hard earned money. Make a goal to go down on the interest you pay annually. For example; pick the credit card on which you pay the highest interest and aim to pay it down by 50% if not higher.  Mahesh and his…

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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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Report Returns zoom with smart usage of money-back plans

Report Returns zoom with smart usage of money-back plans

Moneyback plans of insurance companies are popular because of their in-built feature of returning wealth to the customer at regular intervals. While there are some who complain the returns generated by such products are low, smart usage of moneyback plans can greatly enhance returns and provide great financial comfort, say experts. Many argue that returns in moneyback plans are not as good as pure investment plans. This is because moneyback plans are not purely investment oriented. “The real value of money back policy comes to prominence when you realize that…

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Brace for major petrol price hike, hit across sectors as crude prices double from January level

Brace for major petrol price hike, hit across sectors as crude prices double from January level

NEW DELHI: Brent crude oil prices have more than doubled from its low of $27.88 a barrel recorded in January to hover near $55 a barrel and may pose a risk to the broader market, in general, and select sectors, in particular, if the trend continues in 2017. Crude oil prices have shot up 15 per cent in last two weeks and Indian consumers may soon have to cough up more, though the fuel price hike may happen in instalments, media reports said. Analysts said public sector oil marketing companies…

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Cash Deposits – The line that separates the white from the black

Cash Deposits – The line that separates the white from the black

So what’s with cash deposits after demonetization? Shortly after the announcement the government issues a list of do’s and don’ts and penalties regarding cash exchange and cash deposits. Panic ran rampant across the country as people worried about how they would be able to exchange the cash they had. After the exchange of notes was stopped on November 19th 2016, cash deposits hit a record high in the Jan Dhan accounts and in the accounts of individuals who had no history or previous record of transacting such high amounts. The…

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Cash & Demonetization: Payday kicks in, 6 ways to avoid banks crowds

Cash & Demonetization: Payday kicks in, 6 ways to avoid banks crowds

For most Indians, the salary day this month is going to be unlike any other. The reason being the unabated cash crunch due to the demonetization of ₹500 and ₹1,000 notes announced on 8 November. After the demonetization, which ceased the legal tender status of the notes and also introduced new ₹2,000 and ₹500 notes, there has been severe shortage of smaller denomination notes that has resulted in long queues at banks and ATMs. Banks and the RBI have also rationed the cash supply in order to meet the demand….

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Why Indigenous Chit Funds are crying foul over Demonetization?

Why Indigenous Chit Funds are crying foul over Demonetization?

When we talk about the informal economy, we are not just talking about the unorganized wage and labour set-up, but another purely cash-driven business model – the Chit Funds business. Come to think of Demonetization of the ₹500 and ₹1000 currency notes, which is a super – duper move to discipline parallel and black economies; this is one sector that has taken a bleeding blow. The Chit fund business is part of both the organized and unorganized sector. It falls under the so called grey area of the financial system. While…

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