Tag Archives: Personal Finance

Do’s and Don’ts of Your Personal Finance

Many People surprisingly lack in personal finance and do not try to understand the basic personal financial principles that should be followed while managing their money. Let me tell you some do’s and don’ts in personal finance which are not taught to you in schools or colleges. These personal finance tips will help you make […]

Smart Ways To Reduce Your Expenses

Reducing expenses is the sure way to save money. Expenses depend on the cost of living and most importantly, it is to be understood that reducing expenses requires lifestyle changes and changes in your thinking patterns. The first way to reduce expenses is to determine where you spend your money. Divide the expenses into two […]

Smart Tips to Reduce Credit Card Debt

Credit card is the only thing which makes a person get deep into debts. If you are using your credit cards regularly and not paying the minimum pay-off balance, then you are going into debt. Here are some tips that will help you to reduce your credit card debt. Don’t use your credit cards regularly. […]

Smart Ways to Avoid Emotional Spending

Emotional spending occurs when an individual spends money to cope with stress, improve mood and get self esteem. People become emotional spenders by the attractive ads that manipulate their spending habits. Emotional spending will lead to shopping addiction which result in buying more than what you can afford. Emotional spending is nothing but buying something […]

Know About Retirement Plans in U.S

Retirement plan is a financial adjustment launched to replace the employment income on retirement. Different types of retirement plans: Retirement plans are divided into defined benefit and defined contribution as per how benefits are determined. Defined contribution plan: As per Internal Revenue Code section 414, this plan is an employer promoted plan for each participant […]

Cost of Living and its Variations

Cost of living is the cost of maintaining a certain standard of living. A cost-of-living index is a price index that measures relative cost of living over time. Such indexes are constructed to have a value of 100 in a given year (or period or place), called the base. An index value of 110 means […]