How much should you pay on your credit cards?
Finance

How much should you pay on your credit cards?

India is one of the largest users of credit cards, with a user base of over 71.7 Million, as of March 2022. According to a recent RBI report, an Indian credit card user, on average, spends around Rs. 14,500 using the credit card monthly. This massive adoption of credit cards among people can be attributed to the various benefits of credit cards, notably how they have eased the buying process and their advantageous pay-back period.

Continue Reading about 22 days ago
Selecting The Perfect Home Loan That Can Save Your Resources
Finance

Selecting The Perfect Home Loan That Can Save Your Resources

Buying a home in this day and age is an exorbitant affair. Even to redecorate or renovate your existing abode, your bank balance might not complement the expenses. Breaking into your investment plans can endanger your long-term personal goals. To save yourself from crippling finances, opting for a home loan is the best way to fulfil your housing needs.

Continue Reading about 2 months ago
What is debt trap and how to escape it?
Finance

What is debt trap and how to escape it?

Ah! This is a painful subject to talk about, for those who have suffered through this, know of its real expense on one’s financial resources. The day that my first credit card arrived at my doorstep, I was ecstatic. The limit was ₹1,00,000, and my monthly expenses would be covered in a fraction of this amount. I had A LOT of money to finally buy things I never could and so I went on a shopping spree. I just kept paying the minimum amount due (MAD).  This continued for a few months, and the interest kept accruing. I did not pay much heed to that, and little did I know how much would the amount add up to after interests. 

Continue Reading about 2 months ago