Budgeting for more money

Most of the time we don’t get an opportunity to do a planning for monthly income & expenses as expenditures are on continuous basis and demanding.  The process of doing a planning for expenses based on monthly income is known as budgeting. If we do budgeting it is possible to meet our needs even if the income is limited.   Type of family expense The expenses in a family have two parts – variable and fixed. The variable expenses can be decided upon whether to incur or not but fixed expenses has to be incurred in any situation to maintain …

Cryptocurrency, Bitcoin & others

Off late, cryptocurrencis getting lot of traction due to recent spurt in value of Bitcoins and others. Though conceptually it is not new, many people are yet to get a hang of it.  What is it? Is it going to stay? Is it going to be an alternate payment method? Is it going to be legal in all respect? Are we missing out an opportunity? These are the questions crossing minds of people who know about it. Before we take a call on all these question let us first understand what it is?  What is Cryptocurrencies ? It is derived …

Retirement Planning for peace

An individual cannot work perennially to earn his income, especially the salaried class. Therefore he or she has to do retirement planning while young and active. Retirement planning is very important for peaceful life post-retirement. What is Retirement Planning? Retirement planning is a process of creating a fund over a period of time which will give desired income after retirement. There is a method to arrive at the estimated income that you would reach at the time of retirement, based on your current income. Once you arrive at the pre-retirement income, you need to calculate how much money you need …

Gold price is soaring, will your gold glitter?

Gold was discovered in its most basic and natural state – in streams and in the ground of the ancient world – and gold is one of the first precious metals known to mankind. As a natural response to its beauty and rarity, gold became a symbol of royalty and glamour in nearly every culture that was able to obtain it. Its brilliance and resistance to tarnish made the precious metal an ideal jewelry-making commodity, and eventually a viable currency. Therefore all families irrespective caste, creed, religion prefer to possess gold as one of their assets. Many of course do …