Finance Archives - Page 10 of 22

Mar32020 by Ruchi GuptaNo Comments

3 times when it’s recommended to take out a loan

Finance

The decision to borrow money is not a tough one to make. Borrowing is part of something that allows you to get over a period of financial hardship. When you take out a loan, you can use the money for any purpose that you would like. This gives you a great deal of flexibility. However, it’s important to be a responsible borrower. Many individuals take out loans without the intention of using the money the way the lending institution believes they will. This is a big mistake. If you’re going to take out a loan, it should be for a legitimate reason. In what follows, we’ll present the best reasons for borrowing money. 1. When you consolidate debt at a lower interest rate If your financial situation gets out of control, your physical and emotional health will have to suffer. Whe...

Feb252020 by Ruchi GuptaNo Comments

Scared of Huge Medical Bills? Here Are 3 Things You Can Do Right Now

Finance

Medical bills are still one of the biggest causes of bankruptcies in the world. Over time, they can pile up and destroy even the most well-maintained savings accounts. Having accident insurance is one way to offset the cost of high medical bills. In the end, it all comes down to how much coverage you need vs. how much you’re willing to pay. 1. Understand Your Health Insurance Plan Going out and searching for the best health insurance company in India won’t guarantee your position. Individuals have to understand what a specific policy does, and how it benefits their current situation. If you are knee deep in medical bills, getting health insurance doesn’t mean that the company will offset the debt. Always check to see what is covered by your company – it is your duty as the policy holder ...

Jan202020 by Paul LinusNo Comments

Married couples and money psychology

Finance

The money personalities of Savers and Spenders don’t have to cause stress in a marriage (though they often do). These psychology tips can help married couples manage their finances with minimal or no conflict; they’re based on advice from “The Money Couple” and authors of First Comes Love, Then Comes Money (Harper Collins 2009), Scott and Bethany Palmer. Recognize Different Money Personalities The first tip for resolving financial conflict in marriage is to become aware of how Savers and Spenders view money. It doesn’t help to keep fighting about the credit card bills or mortgage payments! What may work better is to talk about how parents, childhood experiences, and marriage affect spending and saving habits. To peacefully manage finances, both spouses need to be aware of how the pas...

Dec252019 by Ruchi GuptaNo Comments

5 Tips for Setting Motivational Money Goals

Finance

Have you ever wondered where your money is going every month? After paying the bills, covering unexpected expenses, putting some money aside for savings and having some fun, it can feel like your money disappears almost faster than you can earn it. It’s very easy to get caught up in the cycle of staying afloat — but this does little to help you move toward your larger goals. The first step toward accomplishing what you want financially is setting realistic, motivational goals to help you take steps to get there. Here are five tips to help you get started. Put Your Plan on Paper According to research from Charles Schwab, only one in four Americans have a written financial plan, but “those who do exhibit positive investing and saving behavior.” It may seem like enough to hold...

Dec212019 by Ryan FitnessgoalsNo Comments

Latest Fixed Deposit (FD) Interest rates for Senior citizens

Finance

Senior citizen Are you an Indian above 60 years of age? Great! Citizens above the age of 60 years are known as senior citizens in India. You can avail of all the benefits which a senior citizen enjoys in our country. The most crucial advantage a senior citizen can avail is higher interest rates on term deposits. Financial bodies like banks and NBFCs offer this advantage. If you choose to invest your funds in these financial bodies as fixed deposits, you can expect a higher interest on your FD. Fixed Deposit for Senior Citizens The Senior Citizen Fixed Deposits (FD) are term deposit plans which are customized for you to give you maximum returns on your investment. FDs have become an attractive investment option for senior citizens because of the safety of the invested amount and var...

Oct212019 by HarryNo Comments

What Are The Benefits Of Consolidating Debt?

Finance

Have you suddenly found yourself mired in debt? With the increasing cost of everyday expenses, this uncomfortable situation can easily happen to anyone. Unfortunately, the damage that being in excessive debt can do to your financial and mental health is quite significant. Thankfully, there is hope for those of us in such a situation. Choosing to consolidate your debt is one of the most effective ways of bringing your finances back into good order. If you are unfamiliar with the process of debt consolidation, then informing yourself about the process is the first place to start. To provide you with some context, let’s look at some of the specific benefits of consolidating your debt. Pay Back Your Debts At A Lower Interest Rate One of the biggest advantages of taking out a debt conso...