Christmas saving tips: How to celebrate without breaking the bank
Euronews Business explores savings and planning tips which can help reduce overspending on Christmas. ADVERTISEMENT With the holiday season and Christmas looming, expenses may be rapidly adding up in the form of gifts, more social events, new decorations, festive food and holiday travel plans. However, the rising cost of living being seen in several countries […]
Tax-efficient investing strategies: How to maximise returns while minimising tax liability?
Most investors approach us with a request that they want to invest because they want to save tax under section 80C. This is especially true during the last quarter of the financial year when they are under pressure to submit tax-saving investment proof to their organisation. Benefits of ELSS Equity Linked Savings Schemes (ELSS) is […]
Breaking the cycle: How to stop money worries from affecting your mental health?
Have you ever wondered, “Where did all my money go?” and “How should I plan my savings?” and found yourself spiralling into anxiety? Financial stress is a common struggle that can affect anyone, regardless of income level. Constant worry about unexpected expenses or debt can affect your mental well-being. It’s important to recognize the signs […]
How to set financial objectives to progress towards your financial goals? Here are 4 key ways
“The Almanack of Naval Ravikant” underscores the importance of setting a clear goal, particularly in the realm of business. Naval Ravikant’s approach to achieving wealth and financial success is distinctive because he emphasizes personal growth as a crucial factor for professional achievement. Having a defined financial goal is crucial as it guides decisions on earning […]
How to manage your anticipated salary appraisals?
This season marks the period when employers are actively evaluating their employees’ performance before determining their respective appraisals. The appraisal review often results in a salary increase for many, creating opportunities for financial growth. Achieving a salary increase is a significant milestone, but it’s crucial to employ a strategic approach in utilizing those extra funds. […]
Paying your dues in the UK: How to save money on taxes
Schemes such as the Married Couple’s Allowance and pension tax relief could help UK taxpayers save money. ADVERTISEMENT While taxes may be an inevitable, if somewhat tedious part of our lives, nobody wants to be paying more than necessary. Although the UK has relatively lower tax than several European countries, with the cost of living […]
How to reactivate your lapsed PPF account — A step by step guide
The Public Provident Fund (PPF) stands as an excellent investment choice for numerous individuals in India. It presents appealing features, such as a 15-year investment duration, tax advantages on investments, interest earnings, maturity proceeds, and a decent interest rate of 7.1%. An annual investment in the PPF can range from a minimum of ₹500 to […]
How To Tighten Up Your Financial Plan In 2024
(Photo by Kevin Moloney/Liaison) Getty Images With the presidential election coming up, it’s going to be an interesting year, to say the least. Don’t get distracted by the political headlines. If you don’t have a financial plan, it’s time to get going. In its 2023 Retirement Readiness Report, Betterment at Work found “less than half […]
New Year 2024: How to level up financial knowledge with the rule of 72?
As the new year unfolds, our aspirations centre around witnessing the growth of our finances. There’s an unparalleled satisfaction in realizing your financial objectives, particularly after dedicated periods of investment. The ongoing fluctuations in the market have spurred numerous individuals to delve into the intricacies of personal finance. Simple calculations, such as formula 72, have […]