Save Your Hard Earned Money! (Cash In-5)

Save Your Hard Earned Money! You might have been advised by many on how to save and invest money or you might have read books or articles about it. All bits of advice and knowledge will not work until you start working on it. Some of the tips may sound so simple that you ignore it. Ashish Parmar, Operation Head of an IT company once told me, “As my income goes up, my expenses also ascend. I have been working for the last 15 years. Today my salary is Rs.…

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“Financial Planning For Women”

“Financial Planning For Women”   Do you want Empty Purse Syndrome Or be Enlightened Money Users?   You could be sure that you visited the ATM  just yesterday, but when you roam around the shopping mall to get those necessary things for home and open the purse, it’s again nothing.. And you still have bills to pay by credit card. Its shoppers trap, you are already into.. It’s time to get you cash flow under control.   You can do this, Just change a few bad habits and recheck some…

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Understand Your Expenses (Cash In-4)

Understand your expenses   As debt goes up, it becomes more and more difficult to get back to financial stability. Before one loan is paid up, there is a new one waiting. How do one escape from it? It’s very crucial here to understand how expenses behave in order to live a life free of debt. After knowing how to add income, the next step is to analyse expenses. I shall divide personal expenses into two categories Essential Expenses Optional Expenses Essential expenses are those expenses which you cannot avoid…

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Rising Inflation

Rising Inflation   Have you ever wondered why the price of your notebooks are increasing year on year? Or why you need to pay more for friendship bands than last year? The answer to this is Inflation. Inflation is responsible for the rise of general level of the price of everything, not just consumer items. To put it to simply, the power of purchasing with the same 100-rupee note is decreasing because of inflation.   What is Inflation? Inflation is a long term rise in the prices of goods and…

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SAY NO TO PLASTIC!

SAY NO TO PLASTIC! One of the strengths of Indian economy is the higher savings rate. However, over the last few years, we have been influenced by the Western culture of spending and have become a spenders’ society. As a future generation, you need to take the lead and start being smart with money. This will also help the Indian economy prosper. One of the factors fuelling the rise in spending is on credit cards. Here are a few things that everyone needs to know about a credit card. This…

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