Why Financial Education is Crucial in Today’s Society?
In today’s environment, financial education is crucial. Even if you’ve spent a good deal of your time in classrooms learning math, physics, and other subjects, without a financial education, you won’t be complete. It’s interesting that while this affects your life immensely, you won’t be tested on it. Many adults between the ages of 18 […]
Monthly Income Scheme
Different possibilities are available in investment plans, allowing consumers to significantly improve their income. Before spending money, however, one should give them a closer look. Anyone seeking a guaranteed income should look for programmes with no or little risks. This, in turn, opens up opportunities to considerably reduce losses and other issues, ensuring mental tranquilly. […]
How to be prepared for a Stock Market Crash
Crashing stock markets are an aspect of investing. Stock market collapses are fundamentally unexpected; therefore we can’t anticipate when the next one will happen. We’d avert the next crisis if we could forecast it, like in a Minority Report for investment. A major market downturn will occur at some time, and you’d best be ready. […]
7 Activities to Teach Financial Literacy to Children
An early age, children must be taught about the necessity of money management. It aids individuals in gaining financial literacy, comprehending the link between saving and spending money, and making better financial decisions. It also teaches students to value the effort that goes into earning money and to distinguish between wants and requirements. Financial literacy […]
7 Money-Saving Tips for Marriage
Money concerns are so unpleasant that respondents who believe their relationship is stressed identify economics as the number one cause, handily knocking out the second place contender: irritating behaviours. According to the Institute for Divorce Financial Analysis, money concerns account for 22 percent of all divorces, making them the third most common factor. This may appear to be a bleak forecast for married couples, but it isn’t. Experts believe there are a number of actions couples can take to prevent letting money problems ruin their marriage. Quick check: Check who you are really borrowing from: our directory of RBI-registered lenders lists each NBFC’s registration, loan apps and complaint contacts. Also see APR vs interest rate: what loan apps really cost. For example, see our pages on Napean Finvest and Hero Fincorp. 1. Examine your Financial Situation Many couples […]
7 Reasons to invest in ELSS
There are various tax savings options available out there under section 80C of the Income Tax Act, equity-linked savings schemes (ELSS) have emerged as one of the most popular options. ELSS is a tax-saving mutual fund with a three-year lock-in period, where investments are made in equity-related instruments. For long-term investors, choosing ELSS over other […]
Mistakes to Avoid While Investing In ELSS
Equity-linked savings schemes (ELSS) are tax-saving financial instruments and offer tax benefits under section 80C of the Income Tax (IT) Act. Such funds invest a majority of the corpus in equities to deliver capital appreciation. ELSS is one of the most popular instruments for saving on taxes. With its impeccable track record of beating inflation […]
How to Save Money during COVID-19
The COVID-19 crisis has caused immense disruptions in our lives, not just to our jobs but to our health as well. Businesses have been forced to temporarily shut down to support efforts in containing the COVID-19 pandemic, with some even ceasing operations due to the huge losses incurred during the community quarantine. Saving and paying […]
Feeling Price Hikes everywhere ? Secrets on How you can beat Inflation in the long term.
Inflation is the rate at which the cost of goods and services increases over time. It can erode the purchasing power of money and make it difficult to save and invest for the long-term. In India, inflation has been a persistent problem and it’s important to have a plan in place to beat inflation in […]
Senior Citizen Savings Scheme (SCSS)
A Senior Citizens’ Saving Scheme (SCSS) is a government-backed retirement benefits programme. Senior citizens resident in India can invest a lump sum in the scheme, individually or jointly, and get access to regular income along with tax benefits. Senior Citizens Savings Schemes can be availed by any individual above the age of 60 years. They […]