Money Magazine ( Money logs )

One way of easily saving all that loose change that you have had at the bottom of your bag or wallet is by investing in the small saving schemes. Relatively easy and much cheaper than the premiums you will pay for higher insurance and savings, small saving schemes are used by all. Starting from just Rs.10 and with a maximum limit in six digits, you can pay a premium that you can afford. Although you have good investment and savings opportunities available in different banks now, it is crucial to still have a small savings scheme for the save and secure investment along with good returns. There are many taxation benefits on the different type of small savings schemes that are available. Check them out to make an informed decision:

Investment is the best way to secure your future financially. While all of us want to invest our money, each and every individual investor has different goals when he thinks of investing his money. These goals can be short term as well as long term. If you are looking to invest your money for a short time period, there are a variety of short term investment tools available at your disposal.

Your money and your finance need your intelligence to stay afloat. You need to be super careful with your finances from very early on in your life. Finances, they say needs to be handled with care just as you care for your loved ones. After all it is a materialistic world. It is however seen over decades that there can be some very basic mistakes that people make when it comes to handling their finances. Below are enlisted the six fearful and catastrophic financial mistakes that you can make Did not save money when you were in your prime : Yes, you have been bright and life has been kind to you. You have had the most fantastic time building your career and things have been working just fine for you. When the going is good, we tend not to think about saving for the rainy day. This could be a fatal mistake from your end. Just when the tables may turn for you, it is very difficult to predict. Hence, be prudent about your savings.

Unprecedented financial emergencies can put a dent in your funds. Having accessible and ready cash supply can benefit you in times of unforeseen expenses such as credit or debit card debt, pawning of valuables and other emergency costs. Several advisors will suggest you to set aside cash for a minimum three or even six months. However, time and amount of cash you have to save are two crucial factors that need to be considered. It always pays to make a conscious decision with regard to items that are worth purchasing and the money that you will be saving.

While everyone knows the disadvantage of the credit card, here are some of the advantages. Credit cards are the no-fuss cash alternative. They're also a helpful tool when it comes to emergencies—but the advantages of credit cards go far beyond mere convenience. Here's how to get the most from your credit card.

Ask any financial expert about your options to invest your money if your time horizon is more than 5 years. The chances are high that he will suggest equity MF's as the best option. Now ask him what are the best option if you want to invest for less than 5 years. The chances of him suggesting equity MF's now will be much lower. But this is a common concern for many people. People these days don’t have 5 years to wait. They cannot invest for such a long time. So what are the best options for someone who needs his money back, with decent returns in less than 5 years? The answer to this question will depend on the time that this person can wait. So assuming that the deadline can be anywhere between 3 months and 5 years, let’s explore the available options.

At the end of every financial year, many tax payers frantically make investments to minimize taxes, without adequate knowledge of the various available options. The Income Tax Act offers many more incentives and allowances, apart from the popular 80C, which could reduce tax liability substantially for the salaried individuals. Here are seven smart tips to help you save more and reduce taxes.

Money Magazine is a textbook for money management ironically which is not thought by our so called “Education System” yet we have to go through it every day. Indian education system is designed to crib your creativity, kill everything your passionate about, loot your money even before you start earning and throw you into the world whitout even teaching how to get profit out the investment you made in so called education.

Oh shit money is nothing but emergency fund which is very resourceful when you are stuck in Oh Shit Situation. Let’s call it Oh Shit Kitty. An Oh Shit Kitty is an easily accessible stash of money for use only in case of oh shit situation. It is not to be used to buy a new car. It is not to be used to buy a new PlayStation. It is not to be used to remodel your bathroom. It is for use only in case of emergency.

Rule OF Saving 75:15:10 75:15:10 is the most popular rule of saving around the world. All you have to do is divide your monthly pay check to three parts 75 Needful Rupee 15 Safest Rupee 10 Sweetest Rupee

Getting Rid Of Student Loan First things first: If you have student loans, you aren't doing yourself any favors by waiting to see if your lender notices you've graduated. Some loans have what's called a "grace period," or a year gap after you're finished with your education, ostensibly to allow you to set up an income. The thing about grace periods, though, is that interest continues to accumulate - so if you can start making payments immediately, it can ultimately save you money.

What do we learn in school? History Science Math Computers Language Lets face it how many of us use in our day to day life? I know 80% of our schooling is just a waste of time. Shouldn't the schools be teaching us what we require for day to day life? Then let me ask you, What is that every individual uses in his/her day to day life that can be thought in school? The answer is, Money Management isn't that right? You may be rich, poor, old, young, educated, uneducated what we all do on daily basis is manage our money. Wouldn't it be nice if all of us were thought this thing in school? Unfortunately it didn't happen. So silver line is we are being cheated by our education system. Well not to worry, This blog will provide some education managing your money.

Well its a million dollar question isn't it? If it was two separate questions 1) Do you want to be rich? 2)Do want to be wealthy? lot of you would have answered it yes and I bet lot of are in a confusion right know, wondering what's the difference between being rich and being wealthy. Let me tell you my friends there is a difference! Richness is something measured by the money you have and wealth is measured by time. Lets say you have 1 crore then your richness is measure in money like he/she is worth 1 crore But if you have enough money to lead your life happily for 1 year then we your wealthy for 1 year.

Financial freedom is much more than having money. It’s the freedom to be who you really are and do what you really want in life. And many of us, lose site of this by putting others first and playing many different roles such as parent, spouse, employee, friend, and more. If you want to be financially-free, you need to become a different person than you are today and let go of whatever has held you back in the past. It’s a process of growth, improvement and gaining spiritual and emotional strength to become the most powerful, happy, and successful “you” possible. That is the true reward of financial freedom.