Mired in Neck Deep Loans – Then this is for you!

Wish to own a home … a branded car … go on foreign pleasure trips … now they are not that difficult. Bank loans are making a reality of our dreams. So long everything goes on well, no problem, but when once, for peculiar reasons, if the repayment of loan installment is delayed or stopped, then the real problem arises. Banks are ready to sanction loans to meet each and every of our needs; they do not even mind about the purpose for which the loan is taken.

How to Make Long Term Investments to Lead a Secure Life?

Long term investments in share market show rewarding results; they help to fulfill the set goals. To achieve them, what are we to do? Design appropriate plans to accomplish them.

How much money we need to have by the time you retire to lead a peaceful and unencumbered retired life?  A residential home, children’s education, their marriages – for fulfilling these tasks how much time you can wait? In the process of achieving them, are you prepared to bear the risk of loss?  What is the percentage of investments in your gross savings, in Mutual Funds, Fixed Deposits, Bonds and fixed assets?  These are the questions generally an investor faces and put him in a fix. To get proper answers to them, one should have precision in understanding, which in turn helps to get good returns in long term investments. 

Warren Buffet - Principles that Made Him Top Stock Market Investor

Warren Buffet – the Grand Master in Share Market

Warren Buffet is at the top-end of the list of the richest persons in the entire world. He is a role model to Stock Market investors. To scale such heights, what could be his strategies to become a successful investor? What principles he followed? Let us get to know about them.

It is impossible to predict the wavering trends of stock markets. Warren Buffet is the person, who has practically proved that priceless treasures of prosperity are hidden in the wavy trends of Stock Markets and that enough if one knows the tricks to extract them.Every word comes from out his mouth is a path finder to the investors. Know the plans he followed…follow at least some of them…you will be transformed into a successful investor!

Types of Mutual Funds and How to Choose a Suitable Fund to Invest?

Choosing Funds is challenging!

For those, who do not have any knowledge about direct investment in share market, investment in Mutual Funds is quite comfortable for them. With a view to penetrate into rural areas, recently SEBI has facilitated the Fund Management companies with some concessions. In this background, it would become easy for us to know about the available types of Funds, Funds that suit our requirements and then to choose the best of them.

How much Insurance you should buy to live a relaxed life?

How much really you need insurance on your life …

Enough to cover. Ten times your annual income – these are the interpretations generally financial experts suggest for insurance. Then what is ‘enough’? How to calculate it? When going for insurance, what basic points you need to take into account. Let us explore the matter.

If you are asked whether you have life insurance policies, instantaneously you will say “Oh ! I have four or five of them”. In fact only a few people analyse whether they do have sufficient life coverage. Generally people go in for insurance for getting Income Tax rebate or just to satisfy a friend’s suggestion or pressure exerted by somebody. For getting sufficient financial protection to the loved ones in the event of happening of an unfortunate incident, as a person owning such responsibility, one will have go in for adequate insurance. The sum assured in a life insurance policy depends upon a number of factors. Age, annual income, number of dependents, expenditure, housing and vehicle loans, other loans, savings, investments, way of life, amounts needed for future contingencies – when such of these numerous facts are taken into account, then only one gets clarity as to how much life insurance to be bought.

How to use Credit Cards? How to improve your credit score?

Credit Cards tell your History

Buy now – Pay later… Credit Card users get used to this behavior  Cautious use of it gives plenty of benefits; otherwise it puts you in unimaginable trouble. Its influence on your Credit History and Credit Score is immeasurable.

“At least now I wish my credit score is good, because I need to have a Credit Card” – these are the words of the famous American Mathematician John Nash in the context of his getting Nobel Prize in 1994. Even though it is surprising, in fact its importance in deciding Credit Score is indescribable. Credit History and Credit Score play a very important role not only for getting Credit Card, but also for getting any type of loan.

Car Loans - Things to be considered

Car Loans – The Procedure and precautions

Car manufacturing Companies are extending warm welcome with hands wide open to potential car buyers. In tune with this, Banks and Non-Banking Financial Institutions are coming forward with different types of vehicle loan facilities. Before we get attracted to the welcomes or facilities, some important pints are to be taken into consideration.

Buying Car for the First Time? Know the basic guidelines

Buying a Car is an art!

Car was a luxury in the past. Now it is a necessity. Car Owner numbers are multiplying day by day with liberal Bank loans even to middle class common men.  A number of points are to be taken note of at the initial stage of selection, for keeping a Car in fit condition for a reasonably good period of time, when you go to buy a car paying lakhs of rupees. Proper selection will give you the pleasure in driving it.

Get more Tax Rebate with Sections other than Section 80C

Income Tax Exemptions – a timely alert

Tax Exemption means for many people it is Section 80C only, but in fact there are many tax exemptions available in the Income Tax. Act.  Interest paid, health care expenses and some types of investments made within the IT Act provisions are also eligible for IT exemption. Let us get acquainted with them.

Income Tax exemption is available to individuals or to Hindu un-divided families up to one lakh of rupees under Section 80C of the Act. In case, you have already invested some amounts, just review them. Remember that tax planning also is an integral part of your financial planning. Check-up whether you have still some more investible funds for getting the tax exemptions. Note that such amounts should be invested before 31.03.2013.

Consumer Rights and How to Complain in Consumer Forum?

March 15^th   WORLD CONSUMERS’ DAY

Fixed up with the tour operator to go to a marriage function; if the tour operator fails to make available the bus in time…

Paid the specified fee and registered your name in the marriage bureau web site; if the agency is non-responsive for a long time…

Purchased a new pair of chappals; the right-leg chappal is bigger than the left-leg chappal…

Such of these incidents seem to be simple, but they leave behind a lot of financial loss and inexpressible mental agony to you…

Then what is the way out for us?

As consumers, routinely we go in for purchase of goods and services. We pay for them, but could not get the desired guarantee for their publicised quality. Sometimes, we may get irked and even have to face some severe problems. Definitely, we cannot keep quite if we happen to face such situations repeatedly.