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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How To Become Eligible For Personal Loan?

  A personal loan is a loan that you take when you are in great need of finances. But for getting a loan you must meet the eligibility criteria of personal loan. If you will not be able to meet the eligibility criteria, your loan application will be rejected right away. So, it would be better to know whether are eligible for getting a loan or not instead of rejecting…

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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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9 Credit Cards Lessons to Follow for Maximum Benefit

Credit cards are extremely easy to get these days and depending on how you are, it can either be your friend or your foe. If you’ve let it become your foe, you can be certain that things can get really ugly for you. But, if you use it right, there’s nothing like it. In this page, we will give you top credit cards lessons on how to use your credit…

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Personal Finance Tips for College Students

Image Source: burst.shopify College students are faced with countless difficult decisions to make that can impact their finances for years to come. At a young age, many college students are responsible for financing their education and living expenses while still trying to get a good education. Without proper money management skills, a student’s personal finances can really suffer. Proper planning and good spending habits can help students minimize their financial…

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