Though there are
so many personal income tax calculation tools available in the web, I found two
of the cool & useful income tax calculator in Excel which will be useful to
find out a person's total income available before & after tax, savings done
for tax purpose, income tax liability...
They both are
taking efforts to maintain the spreadsheet for each year and it's free for
all!.
These sites
provide Income Tax Calculators in downloadable...
Friday, December 30, 2011
Tuesday, December 27, 2011
Shares Vs Stock
Shares
The capital of a
joint stock company is usually divided into certain indivisible units of a
fixed amount. These units are called Shares.
"Share"
means a definite portion of the capital of a company. It includes stock also. A
share is evidenced by a company under its common seal.
It specifies any
shares held by a member and is...
Sunday, December 25, 2011
Investment Vs Gambling
Merry Christmas to All! May this Christmas become the period of Happy Investing for you :-)
As already we
came to know about Investment in the previous posts, we will discuss
directly here about Gambling.
Gambling
Gambling
involves taking risk without demanding compensation in the form of increased
expected return. Examples of Gambling are horse riding, game of cards, lottery
etc;
Characteristics
of Gamblers
1. Gambler never
stops while...
Friday, December 23, 2011
Investment Vs Speculation
Investment can be defined as the purchase of an
asset with the primary purpose of conserving or increasing wealth. The assets
may include shares, debentures, land, residential houses, gold, jewellery,
social security certificates, capital investment bonds, units of UTI, deposit
in banks and companies, silver etc.,
Speculation can be defined as the purchase of...
Wednesday, December 21, 2011
Kinds of Investments
One can divide
one's investments into parts. One part maybe used for speculate purchase;
another could be used for conservative buying etc. This leads one to the kinds
of investments that one can make.
These can be
broadly classified into the following groups:
a) Very secure
fixed income investments
b) Secure fixed
income investments
c) Fixed income
investments
d) Equity Shares
a) Very secure fixed income investments
are those...
Tuesday, December 20, 2011
Top 10 What Not to Do with Money Part2
Here’s Balance Top 6 - 10 in continuation to Top 5 What Not to Do with Money to keep
more of your Money to keep you away from making financial mistakes.…
6. Don't manage your money without a
proper plan
Ensure that you
have a proper financial plan to manage your money and rigidly adhere to the
same. It helps you to avoid unnecessary / impulse spending and safeguard your
money. Do not invest money only on the basis of what others say. You...
Monday, December 19, 2011
Top 10 What Not to Do with Money Part1
Want to Keep/Have More of Your Money?
Though we are
eager to save money, but as you know handling money is not that easy. Here’s Top 1-5 What Not to Do with Money to
keep more of your Money to keep you away from making financial mistakes.…
1. Don't stash your money in a savings
bank account
Don't make the
mistake of keeping all your money as idle in your bank account. Investing and
doing so at a regular basis is...
Saturday, December 17, 2011
Types of Investors
Try to Know What Kind of Investor Are You?
Investor is an
individual who commits money to investment products in hoping to make a
profit/return from it. Generally, the primary concern of an investor is to
minimize risk while maximizing return.
Investors are
classified as follows:
a) A Conservative Investor safeguard capital
to earn an income. They will not play in the market. They will invest and
retain it for some time. He is one who doesn't...
Thursday, December 15, 2011
Why Saving Money is So Important Part2
Importance of Saving Money Part2
Save Money
In Continuation
to Part1 of Why We Save Money, Though there are 'N' number of importance of Saving Money, we can see the remaining most significant reasons to save.
7) For
Retirement: At Present,
Average Life Expectancy has increased to 64.7
(Age) in India,...
Tuesday, December 13, 2011
Investment, its characteristics & principles
Investment Basics
Generally, "An Investment is a sacrifice of current
money or other resources for future benefits". Investment means use of
funds fruitfully so as to get an yield.
Investment is a
commitment of person’s funds to derive future income in the form of a) Interest
b) Dividends c) Rent d) Premiums or e) Appreciation of the value of his
principal capital
Characteristics...
Monday, December 12, 2011
Why Saving Money is So Important Part1
Importance of Saving Money Part1
Saving Money
One of the key factors
for your financial freedom is developing the habit of Saving. Saving sounds
simple, but it's not always easy to do with the kind of life we are living. Unfortunately,
majority of people start realizing importance of saving money when it is too
late. Good Financial Planners realize every one need to...
Monday, December 5, 2011
Types of Savings
We can divide
your total Savings into three parts:
1) Sacred Money
- You would never want to risk this part of your savings. You may keep this at
home under the mattress or invest in Bank accounts and in Government guaranteed
schemes
2) Serious Money
- This part of your savings you are willing to expose to a little bit of risk.
You may buy debentures issued by high...
Monday, November 28, 2011
Types of Income
In order to understand
more about Money, you must first understand the different types of Income. It’s
really better to understand the below 3 basic types of income, so that you can decide better in which way
you want to Make Your Money.
1) Earned Income:
Earned income
includes all the taxable income and wages that a person receives for work they
have...
Tuesday, November 22, 2011
Basic Rules of Money Management
Money management is extremely important to your financial well being. Improper management of money will lead to financial difficulties & bankruptcy. This simply means "spending more than what is earned". The two ways of increasing wealth is to either increase our income, or decrease our expenditure.
“Are you playing safe with money?”.
If...
Monday, November 7, 2011
Some Basics to be known other than Money
All about your Money Honey… Part 5
You are here just to refresh yourself about some basics to be known other than Money - Income, Expense/Spending, Saving, Investment, Inflation and Deflation
What is Income?
Some Basics to be known other than Money (Income = Savings + All Expenses)
# Income is money earned by means of Employment (through Salary, Wages,...
Thursday, November 3, 2011
Is Money important for Human Life?
All about your Money Honey… Part 4
Money, Money, Money...
You must know how money is important in our life with continuation to the previous post of Types of Money.
Money lets you live a reasonable, comfortable life so that you can buy the daily necessities and take care of people around you. In that sense, it is important.
Importance of Money...
Wednesday, November 2, 2011
Types of Money
All about your Money Honey… Part 3
In continuation to Money, its functions, characteristics & importance, now let us know the types of Money.
Types of Money Subramoneyplanning
Commodity Money: It is something that performs the function of money and has alternative, non-monetary uses. Money that has an alternative use as a commodity–cattle, gems, and tobacco,...
Tuesday, November 1, 2011
Money, its functions, characteristics & importance
All about your Money Honey… Part 2
In continuation to Barter System & its disadvantages over Money, now let us understood why was there a need for “Birth of Money to bring an end to the Barter System”
Money is a social convention.
“We accept money as payment because we expect others to accept it from us”.
In Brief, Money is anything that people...
Monday, October 31, 2011
Barter System & its disadvantages over Money
All about your Money Honey… Part 1
Before understanding money, its characteristics & functions, it is better to understand barter system. So first let’s begin with what does Barter System mean and its demerits over Money.
Old Age Barter System
The Barter System was a practice by which people exchanged goods for other goods. It is the oldest method of trading...
