Does it benefit you to combine your debts? If you have more than one type of debt then you might have considered the option of debt consolidation. This is essentially a new debt within which you combine all those loans and credit card amounts you already have. It has both benefits and disadvantages – sometimes it can be a real lifesaver but, in some situations, it’s not always the best deal. The pros of debt consolidation Getting control of your finances back If you feel very overwhelmed by your debts, you’re missing payments because you can’t keep track or your finances feel out of control, debt consolidation can help. Instead of multiple payments you’ll just have one, which can be a huge relief if you’re wasting a lot of time each month trying to work out which cre
Three great ideas to get two for one on life goals. Losing weight and saving more money are two of the most common New Year’s resolutions. But they remain unmet goals well after January 1st for many of us, as they’re probably two of the hardest objectives to achieve. Why? Well they tend to involve some serious lifestyle changes and – let’s be honest – at first glance at least, achieving them is not much fun. And yet they remain at the top of many a goals list and are also two of the most common reasons that people feel bad about themselves. So, how do you turn it around? Go vegan – it’s not boring, really No, wait – don’t stop reading! Veganism has come a long, long way since the days of a lentil-only diet. In fact, some of the dishes created by the new generation of superstar vegan in
Online remittance service is the most convenient and easy way to transfer the money internationally. This is the fastest and safest method of sending money from one country to another country. Remittance service is the most preferred method of sending money because while sending money through remittance, there is no tax levied on the money and only a reasonable amount of in the form of the service charge is paid by the sender. The money in remittance is directly floated into the account of the receiver. In Sri Lanka, there are lots of people who work outside the country, and they need to send money to their family members. Along with the migrants from Sri Lanka, the economy is mostly dependent on the import and export activities. People always need to send and receive money from their bus...
Come July, August, September, and what do you expect? No, it’s not just the rains, but these are also the months associated with filing your income tax returns and often the chaos and madness around it. Income tax return is a document that you file with the state tax board declaring your income, profits and losses of your business, and also details of your tax refund. Thanks to the online platform, you can now file your returns online sitting in the comforts of your home or office. However, there is more to it than meets the eye. This article highlights some valuable tips for successfully efiling of income tax return online. Keep reading. Filing your returns shows that you are responsible. It’s a mandatory rule by the government that individuals who have a particular amount of annual in
With the advancements in the internet technology, people can easily Apply for Personal Loan online. As compared to visiting a financial institution in search of the best deal on the personal loan and then applying, the online application makes the process quick and simple. In this post, we’ll have a detailed look at how you can request a personal loan online. A personal loan is an excellent way to keep up with your expenses at times of need or pay for something unexpected, like a medical bill. Moreover, with the introduction of online loan application, the process is now much quicker and simpler. If you want to apply for a personal loan online, the below-mentioned step-by-step guide will help you understand the entire process. Providing essential details The online personal l
What to consider when it comes to long-term borrowing. We are a nation of borrowers. According to the Money Charity, at the end of March 2017, the average debt per household in the UK was £56,632. Collectively, as a nation, we owe £1.529 trillion. Debt is a part of every day life for many of us and a way to create something, own something, or get to the next stage in a career or plan. From borrowing money for a mortgage, to using a personal loan to fund education, travel or business growth, there are many reasons to borrow. But it is a good idea long term? Longer-term borrowing makes repayments easier Whether you’re borrowing homeowner loans or a straightforward personal loan, borrowing over the long term makes the debt easier to manage. Longer terms mean lower monthly repayments, whi
One of the most important considerations when selecting a lender for housing loan is the interest rate. Lenders in India offer housing loans at different interest rates. Moreover, the interest rate between two borrowers from the same lender often varies too. In this post, we’ll have a look at five effective tips which can help you reduce your Housing Loan Interest Rate. While there are a number of factors that should be taken into consideration when selecting a lender for a housing loan, the interest rate charged by the lender is one of the most important. Lenders in India offer housing loans at different interest rates and often the interest paid by two different borrowers from the same lender is different as well. You can negotiate the interest rate on your housing loan to get the be
An index mutual fund is typically based on the market indexes and gives a broader exposure as compared to other types of mutual funds that focus on specific industries. Keep reading this article to know more about these funds and how they work. Investments have always been one of the most popular ways of ensuring that you increase your wealth. When you invest in mutual funds, you are looking to put in a particular amount of money every month and getting good returns on the same over a period. Index mutual funds are a form of mutual funds that have low risk and steady returns over a period. Index mutual funds have been gaining recognition in the market because of its advantages over actively managed mutual funds. So, let’s break down what index mutual funds are and how they work! What
When many people think of credit cards, they think of ways to rack up debt. You swipe your credit card in person or online, and then promise to pay back that debt at some point in the future. For those who are in some kind of monetary trouble, that can lead to growing debts as you pay the minimum every month but don’t pay off the balance. However, credit cards don’t have to be as damaging as that. If you have control over your finances and a steady amount of expected income, you can actually benefit greatly from using credit cards. Even if you have the money on hand in cash, you could benefit from using credit cards instead. Credit Card Benefits Credit cards afford you benefits because they allow you to accrue credit. Credit is a rating system that analyses how you have accrued debt in t
It needs to be known that not everyone who buys life insurance sticks to it for the entire lifespan of the policy. The measure of how far a customer persists with a policy is often gauged by what is known as the persistency rate. In FY2016, the persistency rate in the Indian life insurance industry was at a dismal low of 61% in the thirteenth month, as per an article on Livemint. What this means is that after one year of a policy sale, only 61 out of every 100 policies were actually renewed. Such low levels of persistency often stem from some myths that are associated with these insurance plans in India. Let us explore these in detail. Common Life Insurance Myths Life insurance is expensive:If you have pulled out a calculator and worked out your term insurance premium, then you m...