7 Warning Signs of Wrong Credit Card Usage
A credit card is definitely an addition to your financial assets, but did you know that this little plastic card can cost you a pretty penny if not used in a disciplined way. The wrong usage of credit cards can turn the boons into bane, negatively affect your credit score and land you into major […]
What to do if you suffer loss in Business or Investment?
In the past couple of years, the pandemic has seen various small- and medium- sized businesses close down or suffer huge financial losses. Whether it is a business or investment, and be it due to external factors or a wrong strategy on your part, the resulting losses can be devastating and can throw your personal […]
Credit Card over Limit Fee
Each credit card comes with an upper limit for spending in a billing cycle. This is called the Credit Limit. A credit limit is set on your card when it is issued. The limit is set based on your credit score, your income and other factors like the amount of debt already held by you. The policies […]
Buy Now Pay Later (BNPL)
‘Buy Now, Pay Later’ (BNPL) offers seem to be the flavour of the season as many e-commerce, banks and retailers have lined up such schemes for the upcoming festive season. A large number of borrowers can now enjoy the short-term credit offered through BNPL even without a credit history. The BNPL payment scheme is the […]
Credit Card Balance Transfer
A credit card balance transfer can be defined as the transfer of one credit card balance amount to another, this can be seen as a method employed by many lenders (banks) to get customers to use shift to another credit card. The balance transfer is mainly done to enjoy low interest rate and avoid credit card debt […]
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 […]