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December 21, 2014
Financial planning can be both easy and incredibly complex. But if you focus on the basics, you can get a big jump on saving for the future. Just follow these three tips and you are building a solid foundation.

Start investing early: The longer you wait, the more you lose. You have time on your side today, this benefit won’t last forever. If you don’t have any savings, start now. All you need to do is cut down on your savings by just Rs 1,000/month and invest that amount in an equity mutual fund.  Let's say you invest Rs 1,000/month in a systematic investment plan ( SIP ) for 10 years in an equity fund that returns 12% pa., the end result is amazing and you would be patting yourself on the back.
Check out how well SIPs in mutual funds have performed over many years - Mutual Fund SIP

moneytips


Get medically insured: Numerous illnesses and accidents are pretty much age agnostic. So don’t live under the deluded notion that you do not need medical insurance. Should you need it and not have it, you will watch your savings rapidly disintegrate. Granted, you may have a medical insurance provided by your employer. But what if you quit your job or get handed the pink slip and between jobs you fall ill or meet with an accident? What if you decide to become a consultant and the employers no longer provide medical insurance? Get a medical cover. The younger you are, the lesser your premium so you won’t even feel the pinch. Not to mention the tax benefit.

Avoid credit card debt: When you use your credit card, you pay for an item with money that is not yours. So basically you enjoy life on borrowed money.  It starts off as a convenience, more of a stop-gap arrangement. You pay just the bare minimum amount and walk scot free. But as you well know, or will soon learn, there is no free lunch. Remember this.  This instant gratification can put you on a slippery slope. If you have started revolving credit, which means that you could not afford to pay your monthly bill, then the only way out of this ditch is to stop using your card till your debt is cleared.

Saving money doesn’t have to require drastic steps. Instead, small, simple methods can make a big difference for your bottom line.
Be a smart investor !
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May 09, 2011
Paypal has issued new regulations for its users in India. Here’s what PayPal sent out in its latest email to users in India.


As part of our ongoing effort to comply with the requirements set out in the notification of the Reserve Bank of India (“RBI Guidelines”) that apply to all online payment gateways, all PayPal users in India will be required to add the following to their PayPal account in order to continue to receive export-related payments and withdraw money:

1.A purpose code related to the majority of commercial activities for export-related payments
2.A PAN or Permanent Account Number
3.A bank account in India (if not previously added)


The PAN and Bank account details are for individual users and the Purpose code is for commercial activities. More views and reactions are expected from these new regulations.
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May 02, 2010
Have you ever experienced having loans in the bank? Do you have credit cards? Well, it is normal for humans to have a debt. There are times that we are in the hard roads of life and need the help of others especially when it comes to financial problem. Sometimes we are short in money and needed to borrow money from other people or have some credit card account, however, if you don’t keep track with your debt, time will come that you will not be able to pay them and you cannot borrow from them anymore.

Therefore, in order to keep in track with our debt we need something that can help us. There are many solutions that you can find, you can ask a specialist to help you, but this one will cost you much. With the help of debt calculator you can keep yourself with your debt without paying and wasting too much money and besides using debt calculator is very much easy. So, how can debt calculators help you with your debt? As what I have said awhile ago, it is normal to one’s person to have a debt but we need to be very careful with our responsibility just in this case. Borrowing too much is not good so, it is better that you always keep in track with your debt so that it will not grow bigger and you have to control your debt also.

With debt calculator, the very important things that it can help you are that it will help you to budget your money. This calculator will keep you reminded with the balance on your credit card to avoid debt. All you have to do is to input the numbers and the calculator will do the rest of the task for you. It is quite simple isn’t? You don’t have to worry too much and pay attention too much to your credit balance. With this easy way to calculate your debts you can easily learn and secure your loans. With the fast technology that the world has today, this can be very easy.

NB: This is a guest post by Sandy Thomson.
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