| Mid-Quarter Monetary Policy Review: June 2011 Posted: 16 Jun 2011 08:00 AM PDT 
Monetary Measures On the basis of the current macroeconomic assessment, it has been decided to: increase the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.25 per cent to 7.5 per cent with immediate effect. Consequent to the above increase in the repo rate, the reverse repo rate under the LAF will stand automatically adjusted to 6.5 per cent and the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| The 30% money mantra for a happy married life! Posted: 16 Jun 2011 01:15 PM PDT 
The Iyers had a simple formula - If they earned Rs. 100/- whether Raghu's salary or Radha's freelance income Rs.30.00 went towards investments. Of this – Rs.10 went to long term saving, Rs.10 went to short term (1-2 years) needs and Rs.10 went to build an emergency corpus. After a couple of years they had created an emergency corpus which enabled them to start investing that Rs.10 for their... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| HLV – The key to buying the correct insurance Posted: 15 Jun 2011 07:30 PM PDT 
Make provision for important events in your dependents' lives. Your dependents will experience certain important life events, and you have to provide for these events. E.g. illness of the dependents, children's education and marriage. Also once your children leave home or start working, then your household expenses will reduce. So from then on, you just have to think... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Investing in art, wine and other tangible assets Posted: 14 Jun 2011 12:47 PM PDT 
Investing in art is a good method for diversification. Since art prices do not depend on other possible components of a portfolio, they act as a cushion when other markets are not doing well. The aesthetic pleasure of viewing a great piece of art is a great advantage. Instability in the financial markets is encouraging investors to look for alternative methods of investment. Some of the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Have a passive income? Handy in times of need! Posted: 13 Jun 2011 07:15 PM PDT 
Passive income can help you build up wealth over a period of time. It is also a good idea to create sources of passive income that will generate regular income for you once you retire or are unable to work for a time period. For example, if you have purchased an apartment for investment purposes and you let it out, the rental income you earn regularly can be utilized towards your monthly expenses... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Planning to be a loan guarantor? Be informed! Posted: 12 Jun 2011 06:45 PM PDT 
A key deciding factor will be to gauge the borrower's financial capability to pay off the loan. You also need to evaluate objectively whether the borrower can honour such a commitment and not leave you to face the lone battle of paying up their dues in case of a default. If you are confident on both these counts, then you can opt to become a guarantor but not before you completely read and agree... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| 5 things to look out for in your home agreement! Posted: 14 Jun 2011 06:41 AM PDT 
On handing over the house to you, the builder needs to also give a `Completion Certificate'. This is issued by municipal authorities which establishes that the building complies with the approved plan. You would need this certificate for registration of your house and other government formalities. So you have identified the house that you want to buy, got the home loan... [[ This... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| 4 ways and more to start on a methodical savings plan! Posted: 13 Jun 2011 07:05 PM PDT 
Photo credits : Matsukawa In this era of recession, deflation, and job cuts, it is especially important for you to consider where your hard-earned money is going; financial security is the key in today's unpredictable world. And the first step towards gaining that security is to have a saving plan. Do you have money put away for a rainy day? How will you manage if... [[ This is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| 7 alerts for a money crunch! Posted: 09 Jun 2011 07:20 PM PDT 
Can you survive a job loss for six months? Do you have some funds stashed away for such emergencies until you gather your reins and surge ahead confidently with a new job and a new plan for the future in place? What about a medical emergency? Do you have resources that you can tap into for such a scenario. If the answer is No, then it is time to take a serious look at how you... [[ This... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| 5 ways to use your credit card for a better credit score! Posted: 08 Jun 2011 08:30 PM PDT 
Currently there is an increasing awareness about the importance of a credit score and the impact it has on any loan who wish to opt for in future! If you are one of those individuals who plan to take a home loan a few years down the line and do not have a credit score at all, then it is time to thought of starting a credit score record, which will benefit you in the long... [[ This... [[... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| 8 questions about your credit score answered! Posted: 06 Jun 2011 07:39 PM PDT 
Updating the credit report will be an ongoing process – lenders send updated data regarding an account to the agencies. It depends on how may credit accounts and individual has and when there is a change in the credit data. The moment there is a change in the credit data, it will reflect in the credit score. Earlier, lenders had to rely on their own assessment (internal) of... [[ This is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| 7 saving tips to plan early for your dream home! Posted: 06 Jun 2011 04:35 PM PDT 
Owning a home gives you a sense of pride and liberty, but also many responsibilities. For a first timer, it would be a rather complicated process, especially 'saving' for down payments. The savings for a home purchase can be started at any time, much before you seriously start shopping for a home. With the RBI increasing the down payment limit to 20% of the actual price of the... [[... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| 6 steps towards better financial fitness! Posted: 06 Jun 2011 04:05 AM PDT 
Sunila walked out of the debt counselor's office in a pensive mood. She had accompanied a close friend of hers for moral support. Her friend Divya had actually opted for the services of a debt counselor having run into some financial trouble and some pending loan dues. After dropping Divya at her apartment post a cup of hot masala chai at their favourite hangout, Sunila... [[ This is a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| 7 golden ways to beat inflation woes! Posted: 05 Jun 2011 01:30 PM PDT 
The situation in most Indian households and corporate offices today shows one major action taken – cost-cutting. This action is attributed to the inflation rates in India as well as the looming global recession. Inflation is defined as a sustained increase in the general level of prices for goods and services. Desperate situations call for desperate measures. Inflation is a... [[... [[... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| 5 things to do before you retire! Posted: 02 Jun 2011 07:06 AM PDT 
Planning for retirement and doing something about it is something that most youth and elders detest. For the youth there is no incentive to plan for something that will come up 35 years later. For the elders, the fear that they may not have enough money in their last phase of life prevents them for doing a deeper analysis and action after that. Retirement Planning is not... [[ This is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| 5 things to look out for in your home agreement! Posted: 14 Jun 2011 06:41 AM PDT 
On handing over the house to you, the builder needs to also give a `Completion Certificate'. This is issued by municipal authorities which establishes that the building complies with the approved plan. You would need this certificate for registration of your house and other government formalities. So you have identified the house that you want to buy, got the home loan approved and now are... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| 4 ways and more to start on a methodical savings plan! Posted: 13 Jun 2011 07:05 PM PDT 
Photo credits : Matsukawa In this era of recession, deflation, and job cuts, it is especially important for you to consider where your hard-earned money is going; financial security is the key in today's unpredictable world. And the first step towards gaining that security is to have a saving plan. Do you have money put away for a rainy day? How will you manage if there's a family... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| 7 alerts for a money crunch! Posted: 09 Jun 2011 07:20 PM PDT 
Can you survive a job loss for six months? Do you have some funds stashed away for such emergencies until you gather your reins and surge ahead confidently with a new job and a new plan for the future in place? What about a medical emergency? Do you have resources that you can tap into for such a scenario. If the answer is No, then it is time to take a serious look at how you manage your... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| 5 ways to use your credit card for a better credit score! Posted: 08 Jun 2011 08:30 PM PDT 
Currently there is an increasing awareness about the importance of a credit score and the impact it has on any loan who wish to opt for in future! If you are one of those individuals who plan to take a home loan a few years down the line and do not have a credit score at all, then it is time to thought of starting a credit score record, which will benefit you in the long run. What does a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| 8 questions about your credit score answered! Posted: 06 Jun 2011 07:39 PM PDT 
Updating the credit report will be an ongoing process – lenders send updated data regarding an account to the agencies. It depends on how may credit accounts and individual has and when there is a change in the credit data. The moment there is a change in the credit data, it will reflect in the credit score. Earlier, lenders had to rely on their own assessment (internal) of a customer before... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
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