covid 19 impact on banking

COVID-19 Impact: Future of Banking industry after Coronavirus

The COVID-19 pandemic has brought sharp declines in the financial services industry. Before this global outbreak, commercial banking was experiencing a steady period of growth and innovation. Banks and credit unions worldwide continue to prosper despite growing competition from alternate financial channels. And yet, in just a few weeks, financial institutions all over the world are suddenly in the […]

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mortgage calculator how it works

What is a Mortgage Calculator? How it Works and its uses.

What is a Mortgage Calculator? A mortgage calculator is a type of automated tool that helps users get an estimate of their monthly mortgage payment. You can enter a different home price, down payment amount, interest rate and loan term to find out how your monthly payment changes according to that.  A potential borrower can […]

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foreign currency exchange and international money transfers

Can You Make Foreign Currency Exchange & Money Transfers Frugal? 

Foreign currency exchange (FX) is never cheap per se. However, being a frugal-minded person, you can find ways to cut the costs of this financial operation. To do this, you’ll need to start by researching your options and comparing traditional and alternative financial institutions.Banks are the most traditional and, quite often, the most expensive as […]

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power of compounding interest

Power of Compounding: How It Helps to Grow your Money Faster

Renowned American motivational speaker and author, Michael Sylver says: “Either make your money work for you or you’ll always have to work for your money.” Robert Kiyosaki, author of bestseller ‘Rich Dad, Poor Dad’ says: “Schools teach you how to work for money, but they don’t teach how to make money work for you.” Both […]

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Economic Survey 2020

Economic Survey 2020: Key Highlights of the Indian Economy

The two-volume Economic Survey 2019-2020, a detailed report card on India’s economic performance throughout 2019, was presented by Nirmala Sitharaman. This year’s Economic Survey was prepared under Krishnamurthy V Subramanian, Chief Economic Advisor. K.V. Subramanian focuses mainly on wealth creation. The Economic Survey has given 10 new ideas on Indian economy that could be implemented […]

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check credit score online

Cibil Score: How to check credit score free? How to improve it?

The term CIBIL score, also referred to as Credit score is a numerical representation of your credit-worthiness. CIBIL, which stands for TransUnion CIBIL Limited is an Indian company that has access to your credit information. A CIBIL score is a three-digit number which ranges from 300-900, 900 being the highest. These scores are calculated by […]

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best personal finance apps

Top 10 Best Personal Finance Apps in India for Financial Freedom

Tracking your daily, weekly or monthly expenses and saving periodically is a very beneficial habit when  saving for the future. This enables you to maintain a healthy financial condition and avoid all kinds of unnecessary expenses. But tracking expenses, income, and investments consume a considerable amount of time and also involves the risk of forgetting […]

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budget 2020 highlights

Budget 2020 Highlights: Important Points, key Changes In Income Tax Slab 2020-21

In the Union Budget 2020 presented by the Finance Minister, Nirmala Sitharaman on February 1 in the Lok Sabha for the fiscal year 2020-21, a new optional personal income tax system has been introduced and many other prospective plans have been announced such as a multi-billion dollar farm, infra and a number of new projects […]

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Personal finance management tips to prepare for future expenses

Personal finance management is just a seemingly simple task. Very often it becomes problematic. Below we present important tips that will change your perception of money and you will be able to manage it easily. Create your financial calendar  If you do not trust yourself and are not sure if you remember about all necessary […]

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