The economic and financial situation is quite tough in nearly all the countries on earth. People need to monitor their spending, increase their income sources and enhance savings and investments for a peaceful and better future. Talking about these things is quite easy but implementing them is a very tough proposition. Lure of Shopping One of the major drains of our hard-earned money occurs when we do shopping. Shopping is [...]

The global economic downturn is not showing signs of going away. Recovery is there but at such a slow pace that it is almost invisible. In fact, even in high growth countries like China and India, the rate of growth had slowed down significantly. European economies are swinging like pendulums. North American and South American economies are progressing at snail’s pace. This leaves everyone, even those with assured careers, wonder [...]

Financial markets are a complicated affair, with several known and unknown factors influencing their movements. Even highly trained specialists are unable to fathom the movements of the financial markets and predict the trends accurately. This is obvious from the fact that several mutual fund schemes run by teams of specially qualified financial managers are languishing with depleted or lower NAVs. In such a scenario, making profits by common individuals through [...]

Nowadays, employers suffer more after retirement than their employees, an apparent contradiction and a big irony. Further, among employees also, those who have taken wrong decisions in their life also undergo difficult times after retirement. It will be interesting and useful to understand the hurdles in saving for retirement and the steps you should take in overcoming them, so that you can have a peaceful and worry-free retirement life. The [...]

At the outset, you may wonder why at all this finance website should talk about understanding the difference between needs and wants. There is definitely a purpose to this discussion. Only when we are able to clearly comprehend our various needs and wants, we can successfully control our expenses, increase our savings and enhance our investments. Understanding the difference between needs and wants is a major step in the path [...]