what means debt; Debt means arises when one party (the debtor) owes money to another (the creditor), typically as a result of taking out a loan or buying goods or services on credit. It includes a variety of financial agreements, such as credit card debt, mortgages, bonds, and loans. Repayment of debt usually entails paying … Read more
What is passive income; Passive income refers to earnings generated with minimal ongoing effort or active involvement. Passive income streams create income even while you’re not actively working, in contrast to traditional kinds of income that demand ongoing labour. Investments, real estate rentals, royalties, internet companies, and intellectual property are a few examples of these … Read more
How to start investing in 2024; In this, we will talk about how to start investing in 2024 establishing your financial objectives and risk tolerance are the first steps before starting an investment in India. Learn about the several kinds of investments that are available, including bonds, fixed deposits, mutual funds, and stocks. To trade … Read more
What do you meaning by saving money on groceries; The meaning of saving money on groceries are Adopting techniques to minimise expenses while still meeting your nutritional needs is necessary to save money on groceries. This can involve making a shopping list and following it to prevent impulsive buys, as well as organising meals in … Read more
Saving money on travelling; “Saving money on travelling” is the act of reducing the costs related to travel and excursions. It entails using a variety of tactics and making wise decisions in order to lower the total cost of travel. This can involve looking for reasonably priced lodging, arranging affordable transportation, taking advantage of sales … Read more
GOOD DEBT- In this, we will talk about ”good debt versus bad debt” but firstly understand the meaning of good debt then after bad debt. Good debt builds wealth with strategic investments. That means borrowed money utilised for investments or purchases that could result in good returns or long-term financial benefits. Debt of this kind … Read more
WHAT IS ONLINE BANKING; Online banking made easy! it refers to the use of the internet to conduct various banking activities and financial transactions without the need to visit a physical bank branch. It provides individuals and businesses with the convenience of managing their financial accounts, conducting transactions, and accessing banking services through secure … Read more
AN 7 BEST STEPS GUIDE TO BUY A HOME IN INDIA- Buy a home is a multifaceted process that involves careful consideration of personal and financial factors. Begin by assessing your financial situation, understanding your budget, and getting pre-approved for a mortgage to strengthen your purchasing power. Define your criteria for the type, … Read more
WHAT IS RETIREMENT PLANNING- Retirement planning is the process of setting financial goals and creating a strategy to achieve a comfortable and secure retirement. It involves determining how much money you will need in retirement, creating a savings plan to accumulate those funds, and making informed decisions about investments, expenses, and income sources during … Read more
What is budgeting- Budgeting is the process of creating a plan that outlines your income and expenses over a specific period of time. The main objective of the budgeting is to manage finances effectively this bring roadmap for your spending, saving, and investing it helps to build up financial free in your life. It has … Read more