Debt Trap and 12 Ways to Stay Out of It
A Debt Trap occurs when you start spending more than you make, which causes your debt to grow out of control. For instance, you borrowed
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A Debt Trap occurs when you start spending more than you make, which causes your debt to grow out of control. For instance, you borrowed
Millions of individuals set resolutions for the new year each year in an effort to bring about improvement. Improved finances, a more active attitude to
Due to the incorrect way we approach them, financial resolutions seldom turn out well for us. Knowing that we must finish it before the year
With the variety of possibilities that have been provided in recent years, the notion of moving forward with a business loan has significantly simplified. With
A loan secured by real estate is a terrific way to pay for expensive needs and expenditures. These loans, also known as secured loans, are
People carry numerous credit cards in their pockets these days. Although experts advise having a range of cards, in practice it seems to be a
A Personal Loan differs from the majority of other loans in that it can be applied to any purpose. A personal loan can be used
Lenders frequently request that some loan applicants bring in loan guarantors. When the principal borrowers and co-borrowers’ ability to repay the loan cannot be determined,
It’s difficult to be a parent. There are simply too many things to handle at the same time. You most likely spend a significant amount of time worrying about your children’s health, homework, and social skills. Then there’s the matter of their future. And you don’t want a lack of finances to prevent them from realising their ambitions. It’s probably best to start saving for your child’s education as early as possible. Many people view college as a stepping stone
When it comes to our own or our loved ones’ health, we don’t want to leave any stone unturned in ensuring that they receive the
In finance, the Rule of 72 is a formula that estimates the amount of time it takes for an investment to double in value, earning
Personal Loans are unsecured and collateral-free loans that allow you to borrow money for a variety of purposes. You may apply for a 10 lakh
Equity-linked savings schemes (ELSS) are tax-saving financial instruments and offer tax benefits under section 80C of the Income Tax (IT) Act. Such funds invest a
From filing your belated income tax returns to booking profits in stocks and equity mutual funds, there are certain tasks that you must complete before
Salary is the remuneration paid by the employer to the employee for the services rendered for a certain period of time. It is paid in fixed intervals
e-NACH and e-Mandate – National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for Banks, Financial Institutions, Corporate and Government a
Personal loans are well known for being flexible. The flexibility in terms of loan amount and repayment makes it one of the most used credit
Is taking a loan to get rid of credit card bills a good decision? Yes, taking a Personal Loan to pay off your Credit Card
A home is usually said to be a reflection of its owner. You can now spruce up your home and make renovation a milestone as
Unexpected events in life sometimes make us end up in hospitals with a pile medical bill. Medical emergencies crop up any time and require a
A Personal Loan for the purpose of financing a vacation or travel in India or abroad is known as a Travel Loan or a Vacation
Having a healthy financial life while in college/school is a challenge. The most frequent interaction we have with money is when we spend it. And
Here are the top 10 mutual fund schemes suitable for SIP investment in year 2021: *3 year returns are annualized. Data based on the NAV of direct-growth variant of
It’s that time of the year again, when our investments come again to the forefront. The investment receipts are all out, our inbox is full
“Don’t put all your eggs in one basket”, goes the old adage. Based on your goals you may have allocated your investment into various asset classes such
Investments are financial products that provide the opportunity to create wealth for future. The following are the investment lessons for 2021 1. Invest for Long-Term
Exchange traded funds pool the financial resources of several people and use it to purchase various tradable monetary assets such as shares, debt securities such as
Transacting in big-ticket or high-value cash transactions can land you in trouble with the Income Tax Department. There are various cash-related transactions that the tax man keeps a close