How Reckless Use of Credit Cards May Damage Your Financial Health?
A credit card is a convenient tool to manage your finances, as it can help you buy anything from as basic as groceries and medicines to luxurious items like air conditioners and smartphones. In addition, credit cards function on a deferred payment ...
What Are Secured Credit Cards? How Do They Work?
A few days back, I received a call from my friend who complained about how his credit score dropped because a couple of his car loan EMIs bounced in the last quarter. Well, it was not wholly his fault since the bank had mistakenly linked his ...
Why Financial Education is Necessary For a Bright Future?
We all are working hard to lead a financially secured life. However, uncertainties like the ongoing COVID-19 pandemic may affect our financial well-being. So in order to have a good financial standing we need to be ready for future ...
How to Get the Most of Restoration Benefit in Health Insurance?
Have you ever considered a rare possibility of second medical emergency during a policy year? Unfortunately, it can be challenging to arrange funds for medical emergency after you have exhausted your sum insured during a policy year. In such cases, ...
Should You Opt for a Car Loan this Festive Season?
The festive season has already begun in India with the arrival of Lord Ganesha. The Indian celebrations are usually marked by exchanging sweets and gifts with friends and relatives. It is considered auspicious to buy new clothes, gold, property, ...
Do You Operate a Bank Locker? Here’s The Rules You Must Know
One of the ancillary services banks provide to its customers is Bank Locker facility, which are safe deposit lockers that allow the bank's customers to store their important and valuable items. Many individuals prefer to store their valuables such ...
Does the Expense Ratio Matter to Select the Best Mutual Fund Schemes?
A mutual fund house and its fund management team perform the important task of deciding where and how to invest the money pooled from investors. The investment decisions that they take have a significant impact on the performance of a ...
When Can a Home Loan Balance Transfer Be the Best Choice?
Home loan is a long-term commitment, generally ranging from 8 years to 30 years. But, it does not mean that you have to continue your home loan with the same bank or housing finance company you chose initially. Yes, it is feasible to transfer your ...
8 Guaranteed Ways to Improve Your Credit Score
A Credit Score is a number ranging from 300 to 900 that indicates an individual's creditworthiness. In simple words, it shows the consumer's ability to repay a loan. In India, there are four credit bureaus that calculate the credit scores, which ...
Liquidated Investments during the COVID-19 Pandemic? Here’s How to Rebuild the Portfolio
During Ganesh Chaturthi, Sneha visited at my residence and we spoke about her investment journey. She said "Mitali, during the pandemic I liquidated my investments and redeemed them for the same amount I had invested two years back. ...