5 Personal finance trends to consider in 2023
The Indian economy being in its developing phase frequently provides the platform to introduce new and innovative avenues in the finance sector. Over the past few years, we have witnessed growth at an exponential rate after the commerce space was met with digitalization. Subsequently, it opened up the means to explore new-age and advanced methods of managing one’s personal finance. As we...
P2P Lending Decoded
How do banks make money? Simple, when you deposit your money with a bank, they further lend it to borrowers at a higher interest rate compared to the rate you get as the interest on your deposits. And that margin between the interest earned by lending and the interest paid on deposits is the profit for banks. For example, you deposit a certain amount of money with a bank at a 5% rate...
7 Key Differences Between UPI and e-RUPI
In the constant progress towards expanding the ‘Digital India’ movement, the government of India is also focusing extensively on digitizing the economic aspects. From introducing digital banking facilities to popularizing the UPI payment system, the steps taken by the Indian government to revolutionize the Indian economy have received an overwhelming response from people across the...
The Four Pillars of Personal Finance
“The Journey of a thousand miles must begin with a single step” – Lao Tzu. The single step of analyzing your four pillars will help to provide you with a framework to manage money. Managing money has become the need of the hour. Today youngsters find this as the most difficult task unlike earlier. Irrespective of our income, age, wealth, investment, credit card bill, and other...
How to do Retirement Planning?
Retirement Planning – We may have reached our goals of owning a car or enjoying foreign vacations. But when we have retired and don’t have any stable income, how are we supposed to maintain this lifestyle? Retirement Planning helps us to invest well in advance considering the amount we wish to receive in future. Inflation is the biggest wealth killer if we don’t plan our...
Financial Planning for Beginners
Investing helps one in the future. All of us have goals in life, most of them require money. As your earning increases, your purchasing capacity also increases, which in turn increases your goals as well. It is always better to start saving early, so that it becomes easier to fund your future goals. Checkout our video to note few pointers on Financial Planning for beginners. Risk...
What is Risk Profiling? – Friday First Cut Episode 18
What is Risk Profiling? How to find your Own Risk Profile To subscribe click here – http://bit.ly/2Kzmqcy Knowing your risk profile is one of the very important step before making an investment. Risk will always be on your plate when you’re investing, but do you know How to find your own risk profile? Refer our video to learn detailed information about your Risk Profiling Stay...
How Much Life Insurance Do You Really Need?
If your family member or anyone depends on you financially, Insurance is a must have product in your portfolio. When it comes to insurance, there are various types of policies with varied benefits and features. Which is the most beneficial policy for you? How much insurance do you need? These are few questions that need to be answered before buying a life insurance...