Handling money is always a tricky situation. You need to proceed with caution especially if it is a large amount. Most of us handle such situations with ease, but sometimes, it becomes the inverse. To err is human, and sometimes money gets to the best of us. It would be in the form of taking loans with a large amount of interest, paying gambling debts and other illegal or unscrupulous activities. So how do you not succumb to the pressures of money? Read on. Financial planning is crucial to any business or organization. It involves setting achievable goals as well as developing strategies to achieve set goals. Creating a budget: Budgets should be made for the year ahead (long-term budgets) as well as for the month. This helps
View more-
-
Life is never a smooth ride and every now and then life has a way of throwing unexpected financial googly, which sometimes are unpleasant and sometimes disastrous. Catastrophic financial crisis such as medical emergencies, loss in income, debts, household repairs, etc. can leave you scrambling for funds. If the stakes are high, you end up considering the risky options for getting through the emergency. To minimize the ramifications of an unexpected financial disaster, it is best to weigh each situation and find safer substitutes to tap the funds. While planning for short term and long-term goals, one must be prepared for the unexpected expenses to crop up. Here are some of the tips that will help you prepare for the worst financial disasters: Emergency fund Savings should be
View more -
As the stock market has its gains and crashes, each of the sectors gets affected accordingly. Here is a list of the top ten trending sectors in today’s stock market. Automotive sector: In the case of four-wheelers, the industry is largely capital intensive as compared to the two-wheeler segment where capital is less intensive. Demand for heavy commercial vehicles (HCVs) is likely to develop by 7% to 8% over the long term. The privatization of select state transport undertakings bodes well for the bus segment. Banking and financial sector: The Indian economy became the fastest growing economy for the fiscal year 2016. But, the declaration of demonetization gave a big shock to the Indian economy. The move towards a cashless economy will incentivize
View more -
The world is evolving. Slowly but surely. The value of money had changed, is changing and will change in the future. When the value of money changes, it affects businesses as well as organizations and corporations, both national and multinational. In order to be rich and make the most of it, it is imperative to keep a close track of the stock market as well as the trends of investment. The policy of demonetization was put into effect in India in the past year and changed the Indian economy drastically. Small business owners, as well as local shops, were affected and long queues were there in almost every bank. The entire nation struggled to get a grip on this policy and almost every business stock slumped. And this
View more