Saving and Budgeting

Top 10 Worst Financial Mistakes to Avoid or Common Errors in Financial Planning

1 Comment / Finance, Financial Advisor, Financial Management, Retirement Planning, Saving and Budgeting / By

Frankly speaking personal financial planning is not everyone’s cup of tea. Even the experts sometimes, make typical mistakes. As hazardous as these mistakes are, they are unavoidable. Anyone who start financial planning is tend to face common financial problems during planning. This common financial mistakes can be avoided when talking step towards it with proper …

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Determine Financial Goals – Assessment, Budgeting and Goal Setting

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Are you looking forward for the answer on how to set goals or how to determine financial goals or how to achieve your goals in life or important guidelines in setting financial goals? Then here in this financial planning e-learning tutorial chapter we are going to learn step by step about setting financial goals. For …

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What is Financial Planning? Definition for a Business, Individual with Examples

1 Comment / Business Planning, Finance, Financial Advisor, Financial Management, Financial Terms, Retirement Planning, Saving and Budgeting / By

Financial Planning Definition: Financial planning defines as the process of evaluating an individual’s current financial status and coming up with an effective strategy to meet the life goals. These life goals vary from an individual to another. In order to accomplish these goals, it is important for an individual to follow a series of specific …

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Personal Financial Assessment Evaluation and Monitoring Techniques

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When an individual is done with personal financial assessment, goal setting, budgeting, development of financial plan, and its initial execution, then it does not mean the battle is won. In fact, the difficult part is yet to come. The budget changes every month, the expenditure is always more than expected, market is full of banking …

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Wealth Creation Definition, Strategies, Ideas and Tips

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Wealth Creation Definition: Wealth creation means anything which could be owned and controlled, and have monitory value or have the potential to create the monitory value. Assets could be tangible like a car, house, furniture, machinery etc. or intangible like goodwill, copyrights, patents, trademarks etc. For a company, the land, the building, machinery, inventory etc. …

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What is Debt Management? Definition, Strategies, Plans with Examples

Leave a Comment / Asset Management, Finance, Financial Management, Financial Terms, Saving and Budgeting, Trading Terms, Wealth Management / By

Debt Management Definition: A debt management is a contractual agreement between two parties (debtor and creditor) to safeguard their own interest. In simple words, terms and conditions defined by lender to the debtor to repay outstanding debts with pre-defined interest rate and duration of repayment. Probably, this is the most important lesson one has to …

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Types of Insurance offered by Insurance Companies

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When it comes to personal finance, the topic just cannot be complete without discussion on insurance. We all know that no buddy knows the future. No one can just tell if someone will be living tomorrow (next day) or not. This is such a high uncertainty. In India, there is either one person earning bread …

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Difference, Relationship, Importance of Savings and Investment in Personal Finance

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While dealing with personal finance, setting goals are probably the most important step. And in order to achieve those goals, saving and investment play the biggest role. Savings means keeping money aside for future use. Investing means putting money or buying some assets in expectation that money will grow with the time. Here the intention …

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Income Tax Slab, Deductions, Limitations in India – F.Y. 2020-2021

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Most of the people don’t know that they are paying tax on everything. Here we are going see about income tax slab for financial year (FY) 2020-21 under new tax regime as well as under old tax structure, income tax deductions for assessment year (AY) 2021-22, 80C deduction for FY 2020-2021, income tax exemptions, limitations …

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Personal Banking Products, Services, Online & In-branch Solutions

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In this article we will learn about what is personal banking? starting with meaning of personal banking towards understanding more about different types of personal banking products and services offered by banks and financial institutions. It is important for us to gain knowledge about different services offered to customers. Mostly everyone knows basic products and …

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