Personal finance is defined as a phrase used to refer to those aspects of the financial world that are likely to be of interest and concern to individuals.
A financial consultant is basically a kind of financial advisor who carries out an audit of your present financial position and comes up with an informed strategy to help you plan out how to achieve your objectives in both the near and distant future. They work in close association with their clients to help them…
Many people dream of achieving financial freedom. Being free of all loans, debts and burdens. But as the time passes, people get loaded with more and more of these financial burdens. So is there a way financial freedom can be achieved? Yes. To achieve financial freedom you must follow a set of rules and constrain…
Did you know that you can pay off your loans using a Credit Card? Here’s how. Can you imagine a life without credit cards? It would mean no online shopping, carrying wads of cash on your vacations and ensuring that you always have money in your wallet. Millennials will find it hard to imagine such…
An efficient cash management system is essential for financial institutions due to a number of reasons. Most importantly, cash management helps increase profits and cut out all unnecessary expenditures. ATM deployers often find themselves in a bind, trying to juggle the two important aspects of cutting down costs and ensuring cash availability. Cash management solutions…
With the wide range of mutual fund schemes available in the national market today, it has become increasingly difficult to ascertain which of them is the best to invest in. If you have been inquiring about the best mutual funds in India from your colleagues or friends or searching online about the same, then this…
Living through a recession or trying to make ends meet is a difficult task. Inevitably, some of us will struggle managing personal finances from time to time. But this doesn’t mean that we can fall into debt problems without a fight. When there is a cash crunch, many of us will borrow from friends or…
Due to COVID-19, global economic conditions are very poor and almost every country has faced an economic slowdown, including the United States, the United Kingdom and India. Though the recovery has started, it is quite slow and will take years to recover. So, in these troublesome times, one of the key questions that every business…
“You have to spend money to make money.” I’ve heard that for a long time, and you probably have too. But a lot of people think that investing is just putting your money in real estate or the stock market… Maybe Blackjack if you’re an MIT student who can count cards. But these conventional ways…
There has been an exponential rise in the number of people interested in stock market trading in the past few decades. Stocks are now seen as financial instruments that can be used to build wealth. The image of stock trading has changed from ‘toys of rich’ to average man’s “tool for building wealth.” Before a…
2 out of 3 students graduate with a loan in hand due to their bad financial condition. Don’t worry! Borrowing student loans is quite common in the United States and where 5% of them carried a burden of $100,000, 65% with $25,000 and 36% of them with $10,000 on average. It is best to plan…
Investors are a lot like tightrope walkers. If the high risks pay off, then there is a lot there to admire and the reaction is an impressive one. However, if the executor is poorly trained, the injuries can be very damaging. The key skill for these two daredevils to master and finesse is balance. In this…
Keeping track of your cash flow is an essential part of managing your personal finance successfully. But managing money is a hard task. At times it can be overwhelming. If you find it challenging to balance a checkbook or keep your finances in order, then personal finance apps can be the right solution. These apps…
