Just ask a
question to yourself before you go for shopping of something - Do you really
need it? ; If Yes, then look for the sale & go for shopping. Otherwise don’t
waste money by going for window / impulse shopping.
Sunday, January 29, 2012
Sunday, January 22, 2012
Dine Out for Special Occasions Only: Saving Sundays
Make sure you
dine out only for special occasions. This is to be implemented and followed immediately
because you could get a week’s worth of groceries to cook at home for the same
amount that you pay for a single dinner at a restaurant per person.
Tuesday, January 17, 2012
How To Make Financial Planning Work For You?
All of us are
conscious of the phrase ‘Financial Planning’ but few know how to make effective personal financial planning.
If you want to
focus on your financial planning process and to know why is it important for proper financial planning to achieve your personal aim
efficiently, you are in the right place at the right time. As your involvement
in the process is
Sunday, January 15, 2012
Don’t plan vacation during peak tourist season : Saving Sundays
This will always
be more expensive. Instead, “Travel
off-season”. So you can still enjoy the weather along with better rates to
slash away your cost to reduce your budget.
Don’t ever plan
to have your vacations during peak travel times, like New Year, Thanksgiving, Christmas
or Independence Day, where you will pay significantly more for
Thursday, January 12, 2012
Benefits of Financial Planning
After knowing
what is Financial Planning and its scope, you would be wondering what would be
the advantages over your financial planning. Below are some of the benefits you
might receive when you invest the time, energy and money to develop your own
personal financial plan.
1. Assessing Financial Picture
Financial
Planning helps you to assess your current, complete financial picture (cash flow,
net-worth, investments, income taxes, etc.) to determine your financial goals.
Financial Planning will help in analyzing every aspect (Assets, Income, Loans,
Insurance, Taxes, Business interests, Wills etc.,) of your current financial
situation in light of
Tuesday, January 10, 2012
Financial Planning & its scope
# Financial
Planning is defined as the process whereby an individual's personal and financial
goals are achieved through the development and implementation of a
comprehensive financial plan.
# Financial
Planning is not just about making Money. It's about buying/achieving all the
goals of a person and creating opportunities to
Sunday, January 8, 2012
Pay Your Credit Cards On Time: Saving Sundays
 |
| Get Ready to Save Money! Saving Tips Every Sundays |
Pay your credit card balances in full on time to maintain a good credit rating or record & avoid late fees, finance charges. It is better to use cash as much as possible, unless using plastic card will be advantageous to have a better deal (like 0 % interest on
Saturday, January 7, 2012
Investment: Types of Risk
After understanding what is risk associated with Investment in the previous post, now you can understand their types to have better idea - Systematic and Unsystematic Risk.
Systematic Risk (External Risk)
Market Risk,
Interest Rate Risk and Purchasing Power Risk are grouped under systematic risk.
a) Market Risk
Sources of Risk: Market Risk is referred to as stock
variability due to
Thursday, January 5, 2012
Risks associated with Investments
Risk and uncertainty
are an integral part of an investment decision. Technically, 'Risk' can be
defined as a situation where the possible consequences of the decision that is
to be taken are known. 'Uncertainty' is generally defined to apply to
situations where the probabilities cannot be estimated. However, risk
and uncertainty are used interchangeably.
The main focus
contributing to risk are price and interest. Risk is also
Tuesday, January 3, 2012
Make Sure Your Money is Safe (DICGC Guarantee)
Guide to the Deposit Insurance System in India
Deposit
Insurance and Credit Guarantee Corporation (DICGC) (a wholly owned subsidiary
of RBI) guarantees Deposit Insurance Coverage up to Rs. 1,00,000 (Rupees One Hundred Thousand) for all
Leading Commercial Banks.
Each depositor
in a bank is insured up to a maximum of Rs. 1,00,000 for both principal and interest amount
held by him/her as on the date of liquidation/cancellation of bank's licence or
the
Sunday, January 1, 2012
Use Energy Saving CFL Lights:Saving Sundays
This is my first
post in the Series of Saving Sunday’s .
This series is my initiative to share
practical money saving tips to my friends like you.
Use Energy Saving Lights
Using
energy saving lights like Compact Fluorescent Lamps (CFL bulbs) will consume
60% less energy than incandescent bulbs, but give the same illumination,
sometimes more illumination.
Though
CFL looks like costlier item than normal incandescent bulbs, Installing CFL
will
THE TEN COMMANDMENTS OF SUCCESS IN LIFE
Hello Buddies, Thank
you for staying with this blog for your personal finance basic education.
Happy 2012 to you, dear reader! I hope your new
year is filled with joyful learning, abundant opportunity, and pleasure in all
you do.
Please receive
my 2 Gifts for your successful and fruitful
New Year
1) I would like
to initiate the series of “Saving Sunday’s”
to
