Planning

50/30/20 Rule

Mastering Your Finances: The 50/30/20 Rule for Budgeting Success

Finance and Economy, Financial Planning / By / September 21, 2023

Introduction The 50/30/20 rule is a financial guideline that helps individuals manage their money effectively by allocating their income into three distinct categories: 50% for needs, 30% for wants, and 20% for savings and debt repayment. This rule provides a simple and practical framework for budgeting and financial planning, helping people achieve financial stability and …

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Real Components of Financial Planning

The Real Components of Financial Planning

Financial Planning, Goal Planning, Planning / By / September 13, 2023

Financial planning is a very crucial step that every breadwinner must put into his or her habit. Even big firms and organizations undertake such planning to efficiently manage their monetary resources and make it grow. Financial planning involves listing financial goals, curation of strategies to achieve these goals and avoiding debts. Therefore, a well-structured plan …

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Teach Kids About Budgeting

How to Teach Kids About Budgeting and Why It Matters?

Child Education Planning, Finance and Economy / By / September 8, 2023

We teach our children addition, multiplication and division so that they tend to combat real world challenges and apply them for critical thinking. But have we ever thought of teaching them the application itself? Or why is finance such an underrated topic in common households, submitted to be viewed only patriarchally? However, we should understand …

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5 Money Lessons

5 Money Lessons To Learn This Teachers Day

Finance and Economy, Financial Planning / By / September 5, 2023

On this very unique day known as Teachers Day, our mentors who impart us with knowledge and life lessons are acknowledged. Therefore, being the mentors of our own life choices and decisions, it is worth considering five important money lessons that instructors may impart to us as we observe this day or may incultivate. These …

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Women Investing

Why Should Women Start Investing?

Financial Planning, Investing / By / July 29, 2023

Investment is an area that both men & women can actively participate in. As the fast-paced world targeted more traffic towards the economy, women have uniformly continued to make the investment industry more inclusive and diverse by invaluable connections and unique perspectives. According to the Study in 2020 by Wealth Manager Coutts, women have contributed …

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Central Government Approved EPFO Rates at 8.15% in 2022-2023

Central Government Approved EPFO Rates at 8.15% in 2022-2023

News and Updates, Pension, Retirement Planning / By / July 24, 2023

Recently, the center has cleared the interest rate of 8.15% of EPF funds, which was decided earlier in the year on March 28 by the Central Board of Trustees (CBT). The Ministry of Labour and Employment of the Government of India has cleared by a report on July 24 referring to this matter under para …

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