Personal Finance News Updates

You will benefit from the three new rules implemented by the Reserve Bank of India (RBI) for improving the payment options for cardholders. Now that the RBI rules have been implemented, the safety standards have increased even further for the cardholders.

The momentum of economic activity widened in August 2022 amid some moderation in rainfall, easing of supply-side issues like semiconductor availability for the auto sector, and pre-festive accumulation of inventories, even as the slowdown in external demand continued to act as a dampener.

It is important to start investing because after a particular age, for some reason or the other, you will not be able to get the cash flow from your salary.

A clear financial goal or smart financial goal will help you create a solid financial plan, something which will be easier to execute. Here are some ways to create a SMART financial goal. 

Rather than the age or the stage of your career, it's more important to have the knowledge of the risks and benefits of a credit card.

Generally one should not borrow more than 5 times of their take-home annual income. You should also watch that your EMI obligation does not go beyond 40-50% of you monthly take home.

The month of June 2022 will bring some new rules in the financial sector from mandatory gold hallmarking to more home loan interest rates. Here are the details of the financial changes that will affect the public.

You die only once but if it is untimely, it can be devastating for your loved ones whom you are leaving behind.

We have always seen crashes as well as corrections in stock markets. Is that possible in crypto markets? The answer probably is no.

It is true that mutual funds, particularly equity funds, fluctuate with market trends and can consequently be very risky. However, data from equity funds over the long term indicates that the risks are evenly distributed over the long run.

Medical cover depends on certain factors- from where you reside and what type of privacy- single AC (deluxe?) or twin sharing facility you would like to have and...

In the big maze of health insurance products, one tends to get confused by the sheer complexities typical of these schemes. Various insurance companies in the market sugarcoat their products before hawking them to prospective buyers. However, you need to do a proper due diligence before buying a health cover. After all, this is your own health and you can’t afford to soft-paddle the issue.

We suggest you move to “Income - Saving = Expenditure” and start managing your money. It’s easier said than done. Since you have a rough idea of your monthly expenditure …please keep aside part of your salary and spend the balance. You may have a problem in the beginning but gradually, you will get used.