Personal Financial Planning Simplified
At Personal Financial Planning Simplified - our goal is to simplify the confusing area of personal financial planning so that you can make the right choices and move forward in the right direction with your finances. Many finance companies employ 'Personal Financial Advisers' with no expertise, they are hired to sell the products their company offer. While, your need for personal financial planning is genuine, you don’t have the time to spend months and years to understand the principles and concepts. We offer unbiased information to guide you to make the right decisions with your personal finances
How to Save Money – Secrets You Must Know!
Looking for Ways to save money? Then you have come to the best possible place for guidance. This article on "How to save money - Secrets you must know" provides simple but effective tips to help you start saving money that work well in real life situations. [...]
Prioritizing Life’s Financial Goals – 4 Things to Do Before Anything Else With Your Money
Every individual should have his own financial needs mapped out and then schedule the financial savings/investments in that order. But how do you do it? The answer can be found in answering four important questions [...]
Why Investing in Gold May be a Bad Idea Today?
Planning to invest in gold seeing the price rise in the last few years? Don’t get carried away by the recent past rises and buy gold aggressively. A thorough look at the long term statistics reveals that gold prices are rising and may fall down significantly [...]
A Sure Way to Save a Lot of Money is to Live Below Your Means
Living below means does not mean to abstain from all good things in life. The important thing is you still enjoy life, but in a different way i.e. a more responsible way that gives deep internal self-fulfillment. It just means to ensure you lead a life style that is significantly below your current income level. [...]
Financial Intelligence – How to Organize Expenses
In the earlier article ‘How to save money‘, we discussed about how important it is to be aware of your spending in order to achieve financial success. Here we will learn about the nuances of the expenses we make and how to organize them to understand our actual living expenses. In order to understand [...]
Difference Between ULIP and Mutual Fund
Unit Linked Insurance Plan (ULIP) and Mutual Fund (MF) both are investment options but most of the people are confused whether to choose ULIP or MF. Many people are purchasing ULIP as it covers insurance as well as investment. Another main reason people buying ULIP is because of its agents. For mutual funds, there will [...]
Shopping Addiction
When somebody needs something then they buy. However, some people also buy when they don’t require or buy much more than required. Some people also buy for status, experience, or to make them feel superior. Purchasing makes you feel good about yourself for a few hours. People often shop to feel better about themselves. These [...]
House Poor
A situation that describes a person who spends a large proportion of his or her total income on home ownership, including mortgage payments, property taxes, maintenance and utilities. House poor individuals are short of cash for discretionary items and tend to have trouble meeting other financial obligations like vehicle payments. People typically become house poor [...]
Indian Salaries Have More Buying Power Than Foreign Salaries
Disappointed your salary looks low compared to H1 visa holders or people working in foreign countries? Next time when you get salary, don’t compare with the person getting more in US doing the same job and get disappointed. Instead multiply your salary by three times as it costs more than 40 percent more to buy [...]
Spending Analysis and Annual Expense Categorization
This is the format for recording your income and expenses. To know what each means, you will have to read on How to Organize Expenses. Read on Understand Your Spending to know how use this spreadsheet to discover your financial position by assessing your spending.
Financial Intelligence – Understand Your Spending
In the previous article, we discussed on How to Organize Expenses to understand our actual living expenses. Here we will discover our financial position by understanding our spending. In order to understand your spending, start calculating your expenses. Follow the step by step procedure given below: Note down all categories and types of expenses in [...]
Understanding ULIP and Mutual Fund
Unit Linked Insurance Policy (ULIP) is a life insurance policy which provides a combination of risk cover and investment. Mutual fund is purely investment and it is also called as collective investment in US. The money collected is invested in capital market instruments such as shares, debentures and other securities. ULIP is similar to mutual [...]
Indians lose track of Rs.20,000 Per Year
Do you keep track of all the expenditures you make? According to a recent survey commissioned by payments technology company Visa, Indian consumers cannot account cash spending of Rs.383 per week on an average. This means Indians loose track of almost Rs.20,000 per year. The survey also states that younger adults between the ages of [...]
The Concept of Purchasing Power Parity
With the increased globalization of markets for goods, services, finance, labor and ideas, the need to measure and compare the standards of living between the countries has become very important. Production of goods or services and their prices, which showcases the standard of living are very important for many people like foreign investors, traders, and [...]
Investment vs. Speculation in Stocks
“Those who have knowledge, don’t predict. Those who predict, don’t have knowledge,” says Lao Tzu. The Investment beginners, after investing in an asset or a stock gets confused, and starts speculating, without having the basic knowledge of speculation. Generally, people speculate thinking they are investing. But before going to explain how people speculate, lets us [...]
Gold Ornaments vs. Bullion – What to Choose While Investing, Not Speculating
Gold is highly valued metal throughout the world. Gold is the ideal diversifier for a portfolio. It brings stability to a portfolio and works like an effective divestiture as well as preserver of wealth. Gold is universal standard and the value of any object can be assessed against it. Gold maintains long-term value and keeps [...]
Quotes on Money
Collection of best quotes on money by philosophers, authors and successful people. They include wisdom, humor and sarcastic quotes on money.
Quotes on Investment
Here are some quotes from some leaders in investing and finance that may help you get the right perspective on investing
Quotes on Money Management
Looking for some inspiration to use your financial resources properly? Here are some quotes on money management to help you spend your money wisely.