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How to pay of Credit Card Debt: 6 Steps

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  Modern day financial systems rely on a structure that gives a line of credit to users based on their ability to make payments; often out of future earnings.  Thus, it is common practice for credit card holders to spend high, leaving the payment of the outstanding credit amount to future income or earnings. This could at times see the card holder spending more than what he should normally be doing.  Most people spend in the belief that there would be an increase in future income or that there is […]

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The Benefits of Education Loan

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The Benefits of Education Loan Every child needs education as they are the future of the world. Every child is entitled to the education of every kind and anywhere in the world, irrespective of the class, status, caste or creed. The demands of the modern world are different from the past, and every child should be prepared to face the world in the true sense. There are a whole lot of benefits when a child gets his education. He educates not only himself to lead a healthy and wealthy life, […]

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Start Your Retirement Planning With These 6 Useful Tips

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Retirement planning is not for those who have retired, in fact, it is for the fresher who has just got a job and has started earning. Of course, the young people are a little apprehensive about planning for retirement and may laugh about it. They love to spend at this age, and there is no pressure of old age issues for them. However, one has to spend carefully, even at a young age where there are no pressures of any kind. Following are some of the tips that need to […]

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What’s in the budget for 2016-17 ?

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Union Minister for Finance, Mr. Arun Jaitley announced the budget 2016-17 that seems to have brought some relief to the small taxpayers and the business owners. The budget also has no relief in the Income tax slabs or the 80C limits. The EPF withdrawal will also be taxed on 60% corpus. There are of course mixed reaction from people at various income levels and strata. The details of the budget The budget’s focus is on the rural economy and of course, the farmers were getting neglected for decades. There is […]

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Tax planning tools for Indian taxpayers

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Tax planning tools for Indian taxpayers Today, in the year 2016-17, the government has provided various schemes in the budget for taxpayers. Tax planning can be done according to the benefits and the schemes that are beneficial to save tax. Tax planning can be a good way of investing money by using the schemes provided by the government in various ways so that people can benefit from the schemes and also pay tax eagerly. Equity Linked Savings Scheme Compared to traditional tax saving instruments like Public Provident Fund (PPF), National […]

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Things that you should know about tax deductions

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Tax deductions– Things that you should know A tax deduction is nothing but reducing the taxable income of individuals who pay income tax regularly. It helps to reduce the overall tax liabilities, and you save money, according to the type of claim that you make on the tax deduction type. The amount of deduction depends on the tax. You can claim the tax amount spent on the children’s education, medical expenses and also charitable contributions. Besides, one can also save tax by investing in several schemes like Equity linked savings […]

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15 Things Your Financial Advisor can do for You – Part 3

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[Continued from previous post] (11) Keep you informed In good times and bad, your financial advisor will keep you informed of how market moves are affecting you and your portfolio and strategy. He or she will also let you know about important events that may affect your investments – including elections, global unrest, changes in tax rules etc. You have more important things to worry about than the state of your portfolio at any given time, but your financial advisor does not. (12) Teach your family basic concepts You can't do it […]

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Retirement Planning should be your Most Important Financial Goal

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  We all need to and want to plan for our retirement. But, are we ready? Are we going on the right path and investing wisely? Well, these questions are sometimes very daunting and to top it all, we do get a lot of advice from various sources which can be taxing! Retirement plans are very crucial and should begin right from the moment one starts earning. Well, if it is delayed, never mind, there are still ways that can help you save and have a good retired life. But, […]

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Apr, 2015

15 Things Your Financial Advisor can do for You – Part 2

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[Continued from previous post] (6) Keep you on track Think of your financial advisor as your Gym Instructor or Personal Trainer. He does not only create a diet chart and exercise plan for you, he also makes sure that you stick to it – day after day. So in other words your financial advisor is also your financial coach. Making a wonderful financial plan is futile, if it is not followed. Your financial advisor is supposed to guide you at every step here. Overspending, leveraging, easy credit, get-rich-quick schemes – […]

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20

Apr, 2015

15 Things Your Financial Advisor can do for You – Part 1

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[Inspired and in part taken from JAS Wealth’s eBook of the same name] (1) Do you have a budget? Do you stick to it? It’s a simple statement which can be made using a pen and paper, an Excel worksheet, an App or anything similar you can imagine. The idea is to bring a pattern to a chaos named family budgeting. After checking out lots of tools – online and offline – we found one simple Excel sheet that you can use to maintain an account of your income and […]

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