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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Moving Up The Ladder (Cash In-3)

Moving Up The Ladder   Ashok Rao, the accountant head of a pharma company joined his first job 12 years back. He goes to the office daily and works for 8-10 hours and gets his pay. This is how he plans to spend the rest of his life. He has no idea how to move up in life despite being in the rat race for over a decade. I’m pretty sure many of us can relate to Ashok and are already spending our lives in the rat race trying to…

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Escape The Rat Race (Cash In-2)

ESCAPE THE RAT RACE   Ever thought of living a life which is financially free and how to achieve it?   One of the keys to achieving financial freedom is to start building a source of passive income early in life. Passive income is the one which does not require your direct involvement to earn it. The question arises, why does one need passive income? The reasons differ from person to person. An effective way to know the answer is by following an easy exercise. Consider that you have won…

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Honey, It’s About Money (Cash In-1)

HONEY, IT’S ABOUT MONEY! Reema (age 22), earned her degree in marketing at the first go. All set well, she started his first job with a salary of Rs.15,000 per month. She lives in Mumbai with her parents and is the only child, with no other responsibilities on her shoulders. At the end of the month after spending on a lavish lifestyle, she found a surplus of Rs.5000 from her salary. Not knowing what to do with it she spent it on partying and shopping with her friends. Though she…

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Fixed Income Investment

Fixed Income Investment   There are basically 2 types of investments. One which gives you a fixed income, one which does not gives you a fixed income. Today we will learn about investments which give us fixed income.   For Whom? For those whose daily living depends on the corpus of money that’s available. Especially for people whose source of monthly income is from pension, or for widows or single mothers not earning. For those who are not comfortable with any risk in investments, who are conservative and can’t sleep…

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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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Banking On Them

  Banking On Them   The basic function of a bank is to serve as a secure place where you can deposit and withdraw money. If you have extra money which you want to keep safe, you can go to a bank and keep your money there. To deposit money, you will need to open an account with the bank which is known as a savings account.   How to open a Saving Account? If you are under 18 years of age and want to open an account in a…

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