5 Principles for Debt Management
All too often, people make the huge mistake of simply not paying their debts on time or neglecting them. This is often due to being unable to pay off large amounts all at once or in installments and left over is felt like a never-ending cycle of repayment. Instead of hoping for a big windfall […]
5 Main Components of Financial Literacy
Five main components of financial literacy Financial literacy is the capacity to understand and execute certain financial skills that can improve your money management. Growing a strong foundation of financial literacy can make it easier for people to achieve their financial motive and avoid major pitfalls that can harm their financial wellness. Hence, we have […]
Understanding the Term ‘Finance’
Understanding the Term ‘Finance’ Finance is a wide concept that defines activities associated with banking, leverage or debt, credit, capital markets, money, and investments. In other words, finance represents money management and the process of acquiring needed funds. Finance also encompasses the oversight, creation, and study of money, banking, credit, investments, assets, and liabilities that […]
Financial Literacy
Financial literacy is one of the most significant subjects for many nations. It is taboo for developing nations like India, where the majority of the people are not aware of finance and its benefits. Many consumers have a common understanding of holding credit cards, banking, money transfer, etc. Such financial stability may sometimes even expose […]
Importance of Financial Literacy in India
Importance of Financial Literacy in India Financial literacy in India is still taboo for many of them, especially in regional sectors. Financial literacy refers to the skills and knowledge about finance that are used to make an informative decision while maintaining income and resources. Financial literacy allows a person to make a robust and viable […]
What is Financial Literacy?
What is Financial Literacy Financial Literacy, is the rationalizing of financial components such as budgeting, investing, borrowing, taxation, and personal financial management. The absence of such components or skills is referred to as being financially illiterate. Many nations especially developing countries like India, lack financial literacy. Let’s us all understand the components of Financial Literacy. […]
Planning and Rationalizing the Spending of Salary Expenses
Planning and Rationalizing the Spending of Salary Expenses Everyone loves that day of the month when they hear the sweet chime of their phone’s massage tone informing them of their salary being credited in bank account. However, the important task of spending that credited amount responsibly, starts after the credit. Let us try to understand […]
Coping with Financial Stress
Coping with Financial Stress Millions of people around the globe were affected by the financial crises and stress caused by COVID19 and the subsequent lockdowns. The global economy was adversely affected where many jobs were lost, and many businesses were on the edge of shutting down. The crisis had made people vulnerable, not only were […]
Generational Wealth
What is generational wealth? In simple words generational wealth are an asset, which is passed on to next generations in the form of tangible assets or rights. If you can leave behind some wealth for your future generation then you are contributing to the growth of generational wealth in your family. Generational wealth usually is […]
