Common Money Mistakes

People are not SENSITIVE about the money they earn. They work for money but they don’t let the money work for them.

Mistake in Saving Bank Account

I was surprised to see that the people don’t care about the money. They work hard to earn it but they don’t work at all  (forget about hard work) to invest it.

I had seen the saving account of so many people,  they keep lakhs of rupees in their saving bank account !

They don’t know that the Saving bank give them only 4% rate of interest. If they do the Fixed deposit of the same amount in the same bank they will earn @ 8 to 9% rate of Interest. Even if we assume that the person has to give income tax (Assume maximum @ 30%) even then the Net earning will be 5.6 to 6.3 %  which is more than they are earning from their saving bank accounts.

Unknown Tips before Investment in Shares

Investing is serious business. You should take it seriously. After all market favour the intelligent.

Do’s

Invest in Knowledge:

Checklist Before Taking Home Loan

Loan Eligibility : If you are below 40 years just multiply your (and your spouse’s) yearly gross income by four and that should be a rough and ready amount of loan that you should be able to get. If you have some existing loans or some special requirements you can use the facilities of advanced calculators at various websites (www.apnapaisa.com) has one

Five free apps to help you in an unfamiliar city

Business travel has gotten more convenient and less stressful thanks to apps like these. 

       Link:  Five free apps to help you feel at home          

      

When not to Talk about money with your Partner ?

Don’t Talk About Money If You Are HALT

Don’t have important conversations under these conditions!

Solomon identifies 4 times that you shouldn’t talk about money. She refers to these four times as HALT. Any time your present situation is qualified by one or more of the following characteristics, it’s not a good time for your money talk:

1. Hunger
2. Anger
3. Loneliness
4. Tiredness

Smart Ways to Earn Smart Money

Work Freelance

he recession has driven more and more companies to look for contract and freelance work as an alternative to full-time positions. Farming out work to independent contractors makes sense for the bottom line because companies can pay for the work they need done, with decreased overhead expenses like benefits and setting up a physical office for each employee. In today's economy, nine in 10 companies use some amount of contract work [source: Koba]. If you have a marketable skill like graphic design, search engine optimization, Web design, public relations or writing, you can take advantage of those employers' cost cutting.

Smart Ways to Reduce Smart Phone Cost

According to cost-savings website , 80 percent of Mobile users overpay for their cell phone service.

Following are the Ways to Reduce your smart Phone Monthly bills :-

Unknown Great Money Saving Tips

" Lot of people think when they turn off an electrical appliance that it doesn’t use any power."

Time to think again!!!

Why do we need financial literacy ?

Financial literacy is the process by which investors improve their understanding of financial markets, products, concepts and risks. Through information and objective advice, they develop the skills and confidence to become more aware of financial risks and opportunities and make informed choices to improve their financial position.
Financial education primarily relates to personal finance, which enables individuals to take effective action to improve overall well-being and avoid distress in financial matters.
Financial literacy goes beyond the provision of financial information and advice. It is the ability to know, monitor, and effectively use financial resources to enhance the well-being and economic security of oneself, one’s family, and one’s business.

Before Investing Know All About Provident Fund

Provident Fund benefits

Purpose: To provide a lump sum amount to the employee at the time of retirement or permanent disability.

•       The contribution which shall be paid by the employer to the Fund shall be 12% of the basic wages and dearness allowance.

•       The employee’s contribution shall be equal to the contribution payable by the employer in respect of him and may, if any employee so desires, be an amount exceeding 12% of his basic wages and  dearness allowance

•       The employer shall not be under an obligation to pay any contribution over and above his contribution payable.