Make changes if you find that you are spending more than your means. If you have trouble living within your means, you need to understand the specific items sabotaging your wallet. Once you have identified them – whether they are car payments, restaurant bills, mobile phone charges or too many birthday gifts – you can [...]
A global recession means lower earnings for most businesses and industries. Many of them, exporters and those dependent on exports, may even suffer losses. This has happened earlier during the last recession in 2000. But this came to an end around May 2003, today is just a replay. Everybody from car salesmen to shopping malls [...]
We all assume that, as we progress in our world of work, our earning power will rise with us. But research suggests that we reach our financial peak at 40.
Average earnings increase fairly rapidly in our late twenties. In our thirties our income accelerates and between 40 – 55, average earnings remain stable. After 55 [...]
Home loans
With the current economic downturn, home prices have come down. So this is the time to buy a house. But before buying a house there are some facts to learn about home loans.
Combination loan
Home loans don’t have to be fixed or floating – the two can be combined. In this the amount you borrow [...]
Management enables a business to attain its goal in the most efficient manner. It prepares employees to adopt a systematic approach towards their work. For every business, men, machines, materials and money are very important, it is the management which helps to utilise these resources effectively.
There must be a systematic approach to work; planning, which [...]
Set up a monthly direct debit to put money aside in a high- interest account, so that it can be used as a rainy-day fund.
Pay off more expensive debts first. If you are getting a lower rate of interest on your deposit account (after factoring in the tax) than what you are paying on your [...]
The saying, “As safe as a bank” is no longer true. The recent collapse of a number of banks proves this. So how can one find whether the bank is sound or not? Watch out for the following indicators, all of which you can find in your bank’s quarterly results, in its annual report and [...]
You have to be more sensible with your money, at any time of the year. Even if you live frugally and save regularly, sometimes you find that you have run up a credit card debt. While still enjoying your life, you can be more prudent.
Check all your bank statements and work out how much you [...]
People nowadays tend to buy everything possible, by getting a loan. Buying something with a loan is not a bad idea, if you can pay it back. But, if you fail then there is a large interest waiting for you. Before you get into any debt, there are a few things to study.
Cheap loans
With inflation [...]
Credit card fraud is growing rapidly, which if unchecked, will keep growing and prove very costly for the financial system. It is a crime that is easy to commit and at the receiving end is the poor card holder. Individual card holders bear the trouble of all this fraud, as they are required to sign [...]