Money Saving Tips

  5 Money Principles for 2021 Making the most of your money starts with five building blocks for managing and growing your money. Keep these five principles in mind as you make day-to-day decisions and plan your financial goals. Read more by clicking the link below https://www.fundstiger.com/5-principles-personal-loan/ You can apply for an attractive offer with best possible Rate of Interest and Terms for  Personal Loan ,  Business Loan ,  Home Loan  and  Car Refinance Loan . FundsTiger  is an Online Lending Marketplace where you can avail fast and easy Home, Business and Personal Loans via 40+ Banks and NBFCs at best possible rates. We will also help you to improve your Credit Score. We have dedicated Relationship Managers who assist you at every step of the process. We can also help you in Balance Transfers that will help you reduce your Interest Outgo

  All about EPFO https://www.fundstiger.com/epfo-member-login/ Employees’ Provident Fund Organization (EPFO), the Employee Provident Fund (EPF) targets Indian workers through a system of compulsory monetary contribution into a specified ‘provident fund’ account that will act at a later date as their retirement fund, or could also be treated as emergency funds for unforeseen or planned financial requirements. Read more @  https://www.fundstiger.com/epfo-member-login/ You can apply for an attractive offer with best possible Rate of Interest and Terms for Personal Loan , Business Loan , Home Loan and Car Refinance Loan . FundsTiger is an Online Lending Marketplace where you can avail fast and easy Home, Business and Personal Loans via 40+ Banks and NBFCs at best possible rates. We will also help you to improve your Credit Score. We have dedicated Relationship Managers who assist you at every step of the process. We can also help you in Balance Transfers that will help you reduc...

Money saving tips – 2021 Use the following money-saving tips to generate ideas about the best ways to save money in your day-to-day life. 1. Debt Reduction If you’re trying to save money through budgeting but still carrying a large debt burden, start with the debt. Once you’re free from paying interest on your debt, that money can easily be put into savings. If you have multiple credit card bills to repay or any other kind of loans, pay off your debt. 2. Prepare your Budget Always have an idea of what you spend in a month; you can begin to organize your recorded expenses into a workable budget. Your budget should outline how your expenses measure up to your income so you can plan your spending and limit overspending. In addition to your monthly expenses, be sure to factor in expenses that occur regularly but not every month, such as car/bike maintenance. 3. Track you expenses The first step to saving money is to figure out how much you spend. Keep track of all your expenses. This year,...

  Diversity of Investment “Don’t put all your eggs in one basket”, goes the old adage. Based on your goals you may have allocated your investment into various asset classes such as equities, fixed income, insurance and commodities. But if you do not diversify within each asset class, the exercise, according to analysts, is sub-optimal. Portfolio Diversification Portfolio diversification concerns with the inclusion of different investment vehicles with a variety of features. However, the strategy can bring benefits to an investor only if the investments included in the portfolio include a small correlation with each other. A small correlation indicates that the prices of the investments are not likely to move in one direction. There is no consensus regarding the perfect amount of the diversification. In theory, an investor may continue diversifying his/her portfolio if there are available investments in the market that are not perfectly correlated with other investments in the portf...

  Financial Resolutions for 2021 As we approach the new year we are bound to make a set of rules and aims that will make 2021 much better than 2020  and while we do that with our health and lifestyle, it is also necessary to make some smart financial New Year’s resolutions. Only 25 % of the entire world’s population includes financial planning in their resolution. The following are the list of the top financial New Year’s resolutions to make for 2021. 1. Revise your Budget People should be mindful of their budget when planning a travel or any form of leisure shopping in the wake of a coronavirus outbreak. Cutting down your budget on travel and long holidays enables you to save more money, especially at a time when things have become unpredictable and the job market is not great. You can instead plan a short trip or a weekend getaway to get over stress. Similarly, you can wait a bit before you splurge on the next gadget or a designer dress. 2. Pay off your Debt One of the most ...

  Investment mistakes to avoid Now let’s see some common mistakes that investors should not make: Acting without a plan It is always important not only to plan your investment but also to work out your plan. This blueprint enables you to have a fair idea of how you are going to proceed with your stocks, bonds, etc. Having short investment horizon Often people begin investing in order to achieve goals that are short term in nature. Such investors not only lose the opportunity to invest in high return assets but also the power of compounding which is fundamental that drives portfolio growth. Compared to this a long term investor can put their investment in high return assets enjoying compounding growth for many years and hence build greater wealth. Ignoring your portfolio Always ensure that you have a firm control of your portfolio. Do not interpret this as having to remain glued to your investments round the clock. However, checking it on a frequent basis would surely go a long way ...

  Credit Score – Myths CIBIL aims to bring in more transparency to the loan approval process in the country, in that customer now have an understanding of the seminal factors which lenders analyse to gauge creditworthiness. CIBIL reports, generated on a monthly basis (as mandated by the RBI), help lenders evaluate and approve or reject loan applications, as the case may be. However, there are several myths associated with CIBIL which need to be busted. Some of the common myths associated with CIBIL are the following: CIBIL maintains a record of defaulters Being a co-borrower has no impact on my credit score CIBIL is meant to support banks and financial institutions only CIBIL is fully authorized to make corrections in individuals’ credit report Credit score will be excellent if I do not have any credit cards or loans Low CIBIL scores damage one’s credit standing for keeps CIBIL scores are affected by assets/investments CIBIL scores are the only determining factor for evaluating loa...