Avoid bad financial decisions is as important as making good ones. But what influences you to make such good or bad financial decisions? Your decisions are a reflection of your financial habits i.e. a reflection of who you are as an investor and as a person. In this post, we will look at 5 financial habits that you can affect your financial lives adversely. #1 Think more … [Read more...] about 5 Financial Habits that can ruin your Financial Life
Many of us rely on interest income for our regular cash flows. A few can’t look beyond such investments. However, are you aware how your interest income is taxed? Taxation of Interest Income for various Investments The tax treatment of interest income varies across investments. Clearly, a few investments receive favourable treatment as far as taxation of interest income is … [Read more...] about How is Interest Income from your Investments taxed?
Banks have been in news recently for introducing charges for almost everything. There are charges to cash withdrawals from branches, charges for withdrawing from other ATMs and even charges for withdrawing from own ATMs. Recently, HDFC Bank received a lot of flak for levying program management fee for high balanced accounts without seeking approval from the customers. Don’t … [Read more...] about How Banks fleece Senior Citizens?
Every profession requires you to have persuasive skills. You have to persuade your boss to grant you a leave. You have to persuade our team member to agree to your line of thinking. Your boss has to persuade you to work over the weekend. You may say your boss hasn’t really persuaded you to stay work over weekend. But he used his Authority to make you work. You could have … [Read more...] about A Visit to the Park or Snakes & Ladders?
You walk into a mobile store to assist your friend purchase a new mobile phone. You want to purchase your favourite phone (that costs Rs 50,000) too but your budget doesn’t permit. Suddenly, a payment offer slapped across the mobile store grabs your attention. What is the offer? Under the offer, you can take an instant loan at 4% to fund your purchase. You can pay in 12 … [Read more...] about How a loan at 4% can cost you 11%?