Turn off the Television: Saving Sundays

One of the biggest ways to save money is to watching less television.

If you turn off your television, you will get the following benefits (financially and mentally):

            1)      You will not lose the opportunities

            2)     You will not become TV Shows addictive

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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

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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

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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, so it is better to start saving earlier to face your post-retirement life in an

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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 save today's earnings for expenses they will have to face in the future.

Everyone might be hearing about Saving Money…. And you may

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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 quality companies, or you could invest in FD's of good corporate.

3) Aggressive Money - This you may use to invest in shares or other relatively risky investments which have a potential of giving excellent returns.

Types of Savings can also be considered based on the foll. Factors: Your savings time horizon (i.e., less than a year; more than five years); and your savings need (i.e., Fun Fund, Retirement).

The amount you want to invest and the

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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 done. There are two ways to get earned income: You work for

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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 not, here are some basic rules to help you get your money into good positive shape.

1.  Plan Your Finances

Plan for your families’ future, any major

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