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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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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Financial Habits Everyone Should Try to Adopt

Image Source: burst.shopify The first thing you need to understand is that running a profitable business or a self-sustainable household isn’t about making a good financial decision. It’s about making the decisions day in and day out, which is done most efficiently if you manage to turn this trend into a habit. Some of these financial habits are incredibly intuitive and easy to work into a part of your daily routine,…

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Quick Tips on How to Invest in Your 20’s

Most probably everyone enjoys their greatest time and freedom they will ever know in their 20’s. This is a time when people apparently graduated from college and move on to the next phase of their life which is adult life. This time it might people have been employed and don has a spouse to please, children to care for and any type of mortgage to cover. To better understand and…

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