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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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,

Read More