7 Invoicing Pitfalls
Generating invoices is the most important part of accounting and GST. It might look easy at first glance but generating incorrect invoices may lead to some bad consequences such as late payments. As a business owner, invoicing may seem like a tedious, straight forward task that doesn’t require your full attention. But, it’s absolutely crucial if you want […]
10 Steps to Achieve Financial Freedom
Different people interpret the term “financial freedom” in different ways. Some people interpret financial freedom as the freedom to buy what they want and when they want. For many, it could mean not worrying about how they will pay their bills or sudden expenses. For some people, it could simply mean becoming debt-free, while for […]
Top 12 Financial Tips for College Students
If you are on the verge of graduating from college or you have recently graduated, congratulations! For many young adults, college graduation marks a major transition into adulthood and the world of post-graduate employment. It also guides in a new phase of personal finance. Now that you’re in college, it’s likely that you are in […]
e-NACH and e-Mandate
Quick check: Comparing loan offers? Look at the APR, not just the interest rate. Our loan app directory shows the rates each app discloses in its listing. For example, see NIRA and mPokket. e-NACH and e-Mandate National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for Banks, Financial Institutions, Corporate and […]
Simple ways for Teenagers to make Money in India
Being a student, one really has the zeal and passion to grow up, work a job, and earn money online in India. They are extremely excited to map their futures and experience work-life. But, they are left wondering, “How to make money online in India for students”. If you are one of these, who are looking for […]
How much Tax do you pay on Bond Investments?
Tax Saving Bonds Tax-saving bonds are great instruments offered by the government to help people save tax. These are special documents which offer tax benefits to the owners as permitted under the Income Tax Act. These bonds have a lock-in period of 5 years. India, the largest democracy in the world runs on the tax […]
How to Merge EPF Accounts?
Multiple job changes typically result in multiple Employee Provident Fund (EPF) accounts being opened, one with each employer. With the introduction of the UAN (Universal Account Number), it is possible to consolidate multiple accounts into one single account for each EPFO member. Retirement fund body EPFO offers a facility to its members that allows consolidation […]
Financial Leverage
Financial leverage is the use of borrowed money (debt) to finance the purchase of assets with the expectation that the income or capital gain from the new asset will exceed the cost of borrowing. In most cases, the provider of the debt will put a limit on how much risk it is ready to take and indicate a […]
What is Emotional Spending?
The buying factors that affect our (emotional) purchase decisions are highly personal such as love, sentiment, envy, pride, entertainment, and vanity. We will talk more about this later. In an emotional purchase, the real need does not necessarily come into play in the first place. The emotions come from external sources, like influencers, that create […]