Compulsive spending is stated to be a behavioral disorder which is often accompanied by psychological depression and anxiety. The individual may not stop until the last penny in the wallet is shelled out or the credit card limit is reached. Of course, it is an extreme case we are referring here. You may observe the […]
What is the Best Personal Pension Plan
When will you start planning for your personal pension? How long and how much can you invest every month for ensuring a healthy ROI? Are you an employee? Is there an employer-sponsored pension plan in your workplace? If yes, what is the monthly pension you get after retirement? Can it meet your personal and family […]
What are the Intelligent Investments of the Future
Probable Future Investment Goals Future could mean 5-10 years, 10-15 years, or 15-20 years from NOW,depending on the specific needs and wants that define your goals. Your goals are essentially defined by your age. It is obvious that you may not plan for your retirement benefits at the age of 13. So, we have listed […]
How to Use Credit Cards Efficiently
Credit Card Benefits Credit cards help you build your credit-history within the maximum limits. They help you handle many of the emergency and unplanned expenses. They can win you rewards like cash-back,discounts, and gifts. When you repay your credit-card balances on time, it can be helpful in securing personal and mortgage loans. Banks and financial […]
How to Prioritize Spending
Personal spending can be categorized into fixed, periodic, and variable types. Fixed spending includes rent/mortgage, school fees, taxes, insurance, utility bills, groceries, etc. Periodic spending may include subscriptions (TV, newspapers, etc). Variable spending may include vacation, gifts, hobbies, etc. These are the spending which you may not be able to avoid. So, you need to […]
How to Develop Short and Long-Term Financial Plans
Savings and investments are the two ways in which you can make short and long-term financial plans. Banks are credit unions offer you plenty of options for savings. Investments should have low risk and continuously paying returns. You may choose from stocks, retirement plans, insurance, dividend reinvestments, and the bond funds. Savings – When to […]