People work hard and earn their livelihood. But many do not focus on the regular mistakes they commit, which burn out their pockets. Identify such common mistakes, made by almost everyone, and avoid them to add more value to your hard-earned money. We attempted to list out some of them below. No Track Of Spending:…
Conservative investors usually invest in fixed deposits to ensure the principal amount invested is risk free. Instead of compounding your investment ,fixed deposits are eating-up your hard earned money. Surprised!!! let’s look the reasons behind the statement. #Taxation Before investing look at post tax returns you are going to get .when you consider investment in…
It has been observed that though the employees are informed well in advance at the start of the financial year, the action usually starts from dec till march end. People do not make any attempt to understand pros and cons of the financial products before purchasing but end up investing or purchasing non productive insurance…
For many, a second home is a noteworthy consideration as real estate is assumed a “safe-haven” for investment. Some see it as a part of their inflated net worth or as a source of alternative income and for some it just satisfies their eyes to have a physical asset. All in all, owning a second…
We often find ourselves under a dilemma when a decision has to be taken regarding allocation of surplus cash, whether we should clear off existing liability or invest it into other avenues which can either generate regular income or appreciate with growing markets. Normally such decisions are more emotional rather than logical as we see…
The popular term ‘midlife crisis’ celebrates its 51st birthday this year since its coinage in 1965 by the late Canadian psychoanalyst Elliott Jaques. Having said this, it is important to note that how midlife crisis has a serious impact in all our lives as we close in on 40. It gets severe as we progress…
When you are in your twenty something or in your early thirties, you are prone to make financial errors due to miscellaneous reasons. But smart people either learn from mistakes committed by others or by exploring professional help. To help you fare better in making the right investment choices, here’s a brief guide to financial…
Today, it is important for pensioners to have alternate source of income apart from pension to lead a comfortable retired life. One of the major factors considered by Senior Citizens when investing is the return on investments. However, the Post-Tax returns of these investments need to be carefully evaluated before investing, since a lot of…
Tax planning is one of the most important aspects of personal finance. People often fail to look at tax planning objectively and straight away start with making investments related to tax saving. Most of the people try and mix tax planning and investment planning which are totally different and are made with varying objective.Insurance for…