Credit cards are an integral part of our lives nowadays. While these instruments of credit can be used to serve us, it is easier to get into trouble by the mismanagement of the same. As with the case of any financial product, one needs to have proper knowledge and expertise in managing credit cards effectively,

A common paradox that we are faced with nowadays is that people have similar income but differing fortunes. This is due to the fact that, even when the identical opportunities are offered, the efficacy of the opportunity is determined by how it is utilized. An income might represent a hand-to-mouth existence or, alternatively, it can

We all keep hearing and learning that every meaningful goal must be SMART. We are going through a challenging time amid a pandemic where our lives and livelihood are badly affected. So the need to have SMART money goals is all th more become a necessity of the time.  Let us see how we can

Debt is not the end of the word. When trapped in huge debt, many people tend to give up. That is not a solution. There are ways to turn the tide and come out of the debt traps. Here are 5 immediate and stringent steps that need to be taken to avoid discouraging debt traps.

Why are people scared to handle Money? Chrometophobia or chrematophobia is a dread of Money that involves the fear of spending, financial disaster, thinking about it, or even touching it when it comes to finances. While it is not as widespread as other phobias, it is a persistent fear that manifests itself in various symptoms

If you should have one financial New Year resolution this year it should be to “Pay Yourself First”. Confused? Allow me to explain by taking us back to the late 1920s. George S. Clason, an American author most often associated with his book “The Richest Man in Babylon”, published in 1926 , distributes financial advice

Have an Emergency Fund They have been many who had either lost their jobs or had to shut/close down their business during the pandemic which lead to financial hardships in many families. For those who had kept a sum of money aside were able to continue paying their bills however many never bothered to maintain

No amount of budgeting or financial decision-making will be effective unless your entire family participates, contributes, and cooperates. Here’s are some tips on how to help your family develop a positive relationship with money. Many parents make the mistake of not giving children an allowance, saying that the parents will do the needful to take

You are trying your best to save money, but you are still barely able to make ends meet? What could be the driving reasons behind such a scenario? Here are 7 toxic spending habits that might be affecting your family’s welfare. 1. Spending Without Keeping Records. The majority of us are well aware of major

We’ve spent our whole lives anticipating the day when we’ll be able to get a job and start earning money. We are at a loss when it comes to deciding what to do with our money and how to spend it once we start earning it. Following these 5 measures for perfect Personal Money Management