Money Magazine ( Money logs )

Savings go a long way in taking you out of troubles during rainy days but not everyone has enough money saved in their savings account that they can look up to in the time of need. Creating a good savings habit is a must in today’s times because expenses are increasing while salary hikes happen sparingly.

We are living in a world full of distractions, and if you want to spend money on everything that puts a glitter in your eye, you will bring your savings to nil at no time. While it is true that you earn money to enjoy your life, certain adjustments are required If you want to make the most of your hard earned money.

Knowing how much of the income tax you have to pay for previous financial year can help you a lot with managing your finances better. For everyone who pays income tax, it’s absolutely a must thing to know how income tax they pay is calculated.

Managing money is one task each and every one of us is confronted with on an everyday basis. Most often it is seen that one works very hard, earns well, splurges and then there is hardly anything left for the proverbial rainy day. This vicious cycle continues and when an emergency pops up, one is left to face the ugly truth that you may be broke. In such a situation it would be worthwhile to consider what are some of the bad financial habits that makes one go broke. Being financially independent doesn't mean earning alone, it means using your money judiciously and at the same time making money work hard for you.  

Credits cards, no doubt, give you purchasing power. You go on a shopping spree on your credit card and pay later on. But, once you get into a debt trap, you get into a vicious circle and then it becomes very difficult for you to get out of it. Most people know this fact in principle, but are unable to understand how things pan out. It is most common among youngsters who have just started with their jobs and get hands on credit cards.

Cost of living is increasing day by day and sometimes your daily job is not enough to cover all the expenses. At such times, having a side job can be a blessing as you can get extra money from outside your job to cover for all the expenditures that you incur. While it was difficult to earn side money a decade ago, the world has changed now. Earning side money using the internet is very easy today and requires little of your time and effort. Since the online jobs give you flexibility, you can easily manage your job and your side business hand in hand.

The advent of credit cards has given rise to a cash free culture all around the world and India is no different. As more and more people are developing an affinity towards using credit cards, it becomes important to understand how credit cards are issued and why is a credit card application declined.