Key Takeaways Credit cards offer various benefits to the holder such as helping them build a credit history, offering easy access to credit, fraud protection and rewards & incentives. The biggest pitfalls of credit cards can be ease of overspending and high interest rates. Use your cards smartly for your regular expenses, track them diligently, …
Key Takeaways Take a step back and use reasoning to avoid impulsive purchases and emotional spending. Our attitude should be to focus on long-term impacts over instant gratification. By associating positive feelings with our tough choices, we have a higher chance of not relapsing into our old ways. Attaching an emotional significance to a future goal …
Key Takeaways To get back on track to achieve your goals, you need to look at the urgency of the goal, flexibility of your budget, prioritisation amongst the various goals and your ability to align your financial plans to realise them. See if you can reduce the goal amount or postpone the goal for a …
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Imagine being struck by an unforeseen crisis – a medical emergency in the family, loss of job due to global pandemic or need for replacement of an old car that suddenly broke down, to name a few. What is your plan of action for these sudden major expenditures? People handle these emergencies differently but there …
Remember the time you got your first salary? That feeling of empowerment in having the control of your own fate and the elaborate plans you made to save and achieve your life goals! How are you faring? Like the majority of the population, you are likely to have been caught up with life and have …
When we refer to financial planning, investments pop-up in our heads immediately. Growing your wealth, meeting your goals, accumulating assets – all of these need investments. However, in order to meet these financial targets and goals, it is critical that you manage the most important asset which enables all the others: your income. The first …