Saving money with some planning is easy but being financially healthy involves more than that. It includes building funds for emergencies, investing for better growth, avoiding spending beyond your means and more. However, everyone has different goals and preferences. As such, there is no one-size-fits-all solution that answers the question of how to stay financially healthy. …
Money management is crucial in helping you tackle uncertainties. Becoming financially disciplined is a gradual process that requires efficient planning. As the saying goes, the sooner you learn how to manage money, the better you become at handling finances and building wealth. Having a solid grip on your finances is the best way to address …
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Making wise financial decisions is important to safeguard your future. Whether the decision is investing in stocks or buying a cup of coffee every day, these can affect your financial health in the long term. However, there are many variables to consider and budgeting alone isn’t enough. Here are some tips to make smart financial …
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Thanks to a growing economy, you have ample passive income ideas in India to explore to augment your wealth. No matter who you are, starting a passive income stream is beneficial, especially if it requires minimal involvement or monitoring. These income sources can also serve as ways to work toward retirement goals. Read on to …
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The Reserve Bank of India (RBI) is hosting the Financial Literacy Week 2024 from February 26th to March 1st, with the central theme being ‘Make a Right Start-Become Financially Smart’. Through this initiative, the RBI aims to boost the understanding of financial discipline at the right time, especially for students just graduating from college. In …
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Capital receipts are non-business income that either reduces the assets or increases the liabilities of a business. Simply put, these are receipts for income generated through occasional capital activities and not routine operating activities. It is also a written record of payment made in exchange for goods or services. Because of the capital nature of …
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You can now download an income certificate online through a simple process, which reduces the hassle when applying for a government scheme. This certificate is an official statement issued by the state and central governments. It is an essential proof of eligibility required for various schemes as it confirms your annual income from all sources, …
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Smart financial planning is crucial for all young professionals because of fluctuating financial standing and inflation rates. Doing so enables you to: Save for financially demanding times Build a fund for retirement Grow your wealth Saving from your income Invest additional funds regularly Build better saving habits Provide security against inflation and more With these …
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As the dates for the release of the Economic Survey and Union Budget 2024 are close, leaders across industries and taxpayers have begun speculating what Finance Minister Nirmala Sitharaman will have for them. Since it is going to be an Interim Budget to be announced just before the General Elections in 2024, the Central Government …
With the Union Budget 2025 knocking at the door, massive speculations are arousing in all sectors as to what this budget will offer. This year’s budget is expected to be focused on promoting economic growth, unveiling targeted reforms, and boosting investments in critical areas, ensuring long-term development and financial inclusion. In addition, many sectors expect …
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