How to Start Building Credit at 18

Have your family members, teachers, or other mentors told you about the importance of building credit yet? It can seem overwhelming at first. After all, there are a billion other things to worry about after you turn 18 – why fret about building your credit score right now? Luckily, you don’t have to put too much thought into it. In fact, most of what you need to know about building…

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7 Tips to help you Manage Debt Effectively

Managing debt can seem a lot more intimidating and complicated than it necessarily is. While many people are under the impression it takes a few master’s degrees and 20 years of experience in a top finance company to get a firm grasp on your personal finances, the truth is that, by following a few simple tips and having a trustworthy financial advisor, you can typically avoid falling into serious debt…

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10 Great Financial Habits to Develop Right Now

Image Source: Pixabay It can take many years of trial and error to develop sound financial habits. Yet, the benefits of being responsible with your money far outweigh the time and effort it takes to develop good habits. To help you get started, we’ve put together a list of helpful financial habits that you can start practicing right now. 1. Know Where You Stand Before you even start creating your…

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How to Build Healthy Financial Habits

The first step to building healthy financial habits is recognizing the bad ones. Do you spend too much eating out? Are you taking care of your credit by making the appropriate payments on your credit card bill? Identifying your financial faults will allow you to determine what you need to work on to achieve financial stability and success. Evaluate your finances and recognize the areas you may be overspending and…

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Changes in Credit Scenario in India and Implications for Your Personal Finances

If we go by the official data, traditionally Indians are very careful about credit and the household assets grew much faster than household liabilities as shown in the graph based in RBI data. Note: The aggregate data may not show the non-homogeneity due to income inequality and extent of financial literacy. A survey conducted by the National Bank for Agriculture and Rural Development (Nabard) found that level of indebtedness in…

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Yes, Bill Gates would Pick that $100 Bill and would not Even Sweat It

Image Source: pixabay Probably every reader has heard this puzzle that if Bill Gates (or some other wealthy person) sees a $100 bill lying around, would he pick it up? The answers to this puzzle is often hovering around the questions – how much does Bill Gates make every second and how much time would be spent to pick the money up. I am using this common puzzle to discuss the…

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5 Ways To Improve Your Saving Style

Image Source: pixabay Saving money may sound easy but starting to save is another tale. You can start saving by all means, if you want to. But the question is, how long can you keep the art of saving? Some people may practice saving today, but suddenly stop in the long run for some reasons. Most of them blame the income inequality. Maybe because they experience difficulty in keeping finances from…

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Start with Risk – An Alternative view on Financial Planning

“How do I start my financial planning?” “Well, list all the financial goals and create a plan for meeting those goals and yes, if you remember then take a risk tolerance quiz.” This is the common approach to financial planning, we see. My point is risk tolerance assessment is often considered a formality rather than the primary component of financial planning. In this article I will try to explore why…

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10 Things You Never Knew Ruined Your Credit Score

How many times have you been turned down to a loan? May be tons of failed attempts! But did you ever think for a while that what were the possible causes for your loan application being rejected? It may be because you never met the least of requirements where credit score is the most definite requirement that any lender would check before approving your loan application. Regardless of an urge…

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