How to Control your Money Through Budget

A budget can help you pay your bills on time, cover unexpected emergencies, and reach your financial goals—now and in the future. Most of the information you need for your budget is already at your fingertips. This guide explains how to create a budget and stick to it.

Debit Card Basics

If credit cards mean “pay later,” debit cards mean “pay now.” These cards are tied to your  bank account and using them is like paying with cash or a check. With debit cards, you  must have money in your account to cover your purchases. These cards look similar to  credit cards so make sure you are using the correct card.

How Change in Address can affect your Money?

                                                       Income tax Department:-

 You may be having pending Income Tax refund from your last income tax returns. Therefore you need to intimate to the  income tax department after you change your address so that the refund does not return undelivered. Income Tax Notices are very important , if you ignore these notices than you may be required to pay heavy fine. Therefore inform income tax department immediately after you change your address.

Banks : -

How to Invest and Track your Investement

Investing can be thought of as a way to make your money work for you.

Why invest?

1.                To stay ahead of inflation. Investing ensures that the purchasing power of your money is not just restored but it improves year after year.

2.                To meet your financial goals. Invest allows you

to build wealth by making your money earn steady returns and grow over a period of time

1.                Investing is different from saving.

2.   

Know your CTS Cheque

As per RBI Guidelines on 'Standardisation and Enhancement of Security Features in Cheque Forms' banks have been advised to issue only 'CTS 2010 Standard' cheques to their account holders. 

Reserve bank of India standardize and increase the security features of the cheque book. This is called CTS 2010Standard Cheques. This include quality of paper, ink, bank logo and pantograph etc. If the cheques you currently hold have the following features, they will be valid after the given date.

As per the circular dated 14.12.2012 received from RBI, the CTS 2010 standard Cheques will now be mandatory from 01.04.2013 

   

  How to identify a CTS '2010' compliant cheque ?

Way to Finance Education fees

Ways to Pay Education Fees from Borrowed Funds:- 

1. Education loan, 
2. Personal loan 
3. Credit card. 


Interest rates

Be Aware of Money Frauds ans Scams

Check that your money goes directly to investment

When using a financial adviser to invest your money, you must be sure that the investment you choose – such as a unit trust or money market fund – is recognised by the Security Exchange Board of India  and that your money goes directly into your chosen fund and not into your adviser’s bank account.

Check your Credit Card Statements regularly

Recent widespread scams have involved small, unauthorized charges on credit cards that are easily overlooked by cardholders.“Scammers hope that consumers will overlook the small charge on their monthly statements or not review the statements at all,

Consumers should closely review their monthly credit card statements. If you find an unauthorized charge on your statement, immediately contact your financial provider (using the number on the back of the credit card) to report the fraud and to request a new card.

On line Income tips

Create Blog 

You can create your blog free of cost on www.blogger.com


Chitika Sign Up 

 I found a great AdSense alternative that pays out at $10. Can use it in conjunction w/adsense too. Try it:http://bit.ly/1oA68wH






VisitsToMoney

VisitsToMoney advertising media is a leading online advertising company. With VisitsToMoney.com's money making system you can easily earn money by sharing referral links to your friends, family and other people through  websites, blogs, forums, social media, facebook wall, facebook pages, groups, twitter, chat rooms and other media. Click on the Following link 

Click on : Visit to Money

Squidoo

Payment Threshold is only $5 therefore it is a very good alternative for those who have the gift of creative writing and wish to encash this gift.

I'm writing lenses on Squidoo and would love you to join me

Retirement Planning for the Self Employed

 your retirement date is not the end-point for your financial planning. With 

increased life expectancy, Indians are expected to live an average of 20 

years beyond retirement.

For self-employed individuals, the biggest challenge that comes to hinder retirement planning is the inconsistent income flow. As the income is not constant, it is more difficult for a self-employed individual to find out how much can he/ she should contribute to the retirement plan on a regular basis. The way out here is to invest either as a lump sum or invest in those plans that give you more flexibility as compared to others.

Tool to Financial Success- Record Keeping

Case Study :

Ram's’s bike, which was parked on the road, was hit accidentally by a tanker. It got damaged and Ram  found that repairing it would cost a lot of money. So he thought of claiming insurance to lessen his financial burden in repairing the damaged bike. He had bought the vehicle three years back. He then got so busy with his job that he just forgot where the insurance policy papers were. Then one weekend, he searched his entire room and finally discovered the insurance papers, only to find that the insurance policy has lapsed as he had not paid the premium on last year. A simple negligence, cost Ram  his half month’s pay.