Have you managed your cost budget and know your true savings month on month ? Overview of "Managing budget" Many of us complain stating that in some months we spend abnormal expenses either for children education, car maintenance or insurance payments and our savings month on month fluctuate. How to identify the true savings month on month is a big […]
» Read moreOverview What I meant here is, not to cut-down the items which you use and reduce the expenses. What I refer is getting what you want with lesser costs, thereby increasing savings and adding this kitty as extra income. How to reduce your expenses You are aware of the saying “80% of the problem would be in 20% of […]
» Read moreRecently, I met one of my old friend, Rahul in one of the get-to-gether. He is illiterate, struggled for earning money for 10-12 years, but now he is earning an income of 3 times more compared to a person working for an IT / MNC company on an average. He is either doing any magic or doing any impossible […]
» Read moreOverview There are various tax saving schemes in India where a individual tax payer can invest and get benefit in income tax. Currently for FY 2012-13, below are the income tax slabs. Taxable amount (INR) Tax 0 to 2,00,000 Zero tax 2,00,001 to 5,00,000 10% tax 5,00,001 to 10,00,000 20% tax 10,00,000 + 30% tax However we see that an […]
» Read moreQuick overview about Mutual Funds Mutual Funds pool money from several investors and invest in Stocks, Bonds, Money market instruments and other Govt Securities. There are various types of Mutual Funds and there are several Mutual Fund schemes in each category Various Mutual Funds Equity – These mutual funds invest majority of the money (upto 80%) in Equity shares (Stocks). […]
» Read moreOverview about Investments in Gold An investment in gold has given very good return over years. Whether one is rich or middleclass or poor, everyone likes to invest in gold. Gold can be purchased either physical gold (Gold coins and Gold Bars) or purchasing ETF’s / Mutual Funds. Gold investments gave return of 1300% in the last 12 years. See […]
» Read moreOverview Small savings schemes in India are offered by the Indian Post Offices across the country which offer safe and it is an attractive investment option. Below are the major small saving schemes and their features. Post Office Monthly Income Schemes Interest rate of 8.5% p.a payable monthly Maturity period is 5 years. No tax deduction at source (TDS). […]
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