Money Magazine ( Money logs )

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.

In today turbulent and uncertain economic conditions, followed by unrest in socio-political factors, financial planning has become order of the day. This holds true for people associated with business or working class professional to a homemaker. It is imperative that one invested money in plans that yield benefit. There are several reasons that might hinder financial planning, even if one has made wise investment.

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.