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Can we buy gold jewellery using a credit card?

Is it advisable to use a credit card to buy gold jewelry, For Indian families, buying gold jewelry is both an emotional and economic affair. The price of gold. In the meantime, buying jewelry for investment purposes is gaining importance. Credit card use jewellery purchase Many people buy gold jewelry through credit cards. Using a credit card to buy jewelry is easy and is considered to have various advantages. However, it is important to know the advantages and disadvantages of using a card to buy gold jewelry. Simple convenience: Buying jewelry through a credit card is convenient. Moreover, you can get additional benefits like cashback and reward points in this regard. Some banks also offer special offers in collaboration with jewelry companies. These features can be advantageous. Caution required: However, before buying jewelry through a card A caution is required. The appropriate amount must be paid within the interest-free period. Otherwise, the interest rate on the card usage ...

What do you learn about mutual funds and SIP

Lessons learned from the trend of retail investors exiting SIP and investment accounts due to market downturns.   SIP learn What do you SIP learn more about mutual funds? SIP Lessons learned from the trend of retail investors exiting SIP investment accounts due to the market downturn.   Amidst the various impacts caused by the volatile trend in the stock market, the increase in the closure of SIP accounts has caused concern among experts.   A regular investment plan, also known as SIP, is suitable for investing in mutual fund schemes. Investors can choose a suitable fund and invest a certain amount continuously at a specified interval. This method is believed to help in getting benefits especially by investing in equity funds.  SIP New Accounts As awareness regarding mutual fund investment is increasing, the trend of investing through SIP has been increasing in recent years. Many retail investors are seeking SIP investment. The upward trend of the stock market h...

How does inflation affect the return on investment?

Savings and investments play an important part in financial planning. This makes it possible to achieve future goals and build wealth. While choosing investment opportunities, they should consider the potential return, investment period and risk factor.    inflation affect However, there is another important aspect of investing that should be taken into account. That is inflation.  Let's look at the ways inflation affects investing. Purchasing Power: Inflation is the increase of goods over time Indicates an increase in price. This affects purchasing power. For example, if inflation is 5 percent, an item bought for Rs 100 now will cost Rs 105. Therefore, the return on investment should also be commensurate with this. Investment Impact: As inflation affects purchasing power, The return on investment is supposed to be higher than inflation. Because if inflation is 5 percent and the return on investment is less than that, the return on investment will be n...

After getting a home loan, how to make proper payments

How to decide the right time to get a home loan, Deciding to buy a home is a major milestone and can be both exciting and challenging. Because while applying for home loan facility, interest rate trends and loan prices can be confusing. Borrow at the current interest rate or wait until the interest rate drops and reap the benefits?  Home loan management. Many people may be confused. However, apart from the interest rate, other relevant aspects should also be taken into consideration while availing a home loan. Preparedness: Financial preparedness is important when trying to get a home loan. Banks force borrowers to pay 20 percent of the home's value. This will also help in reducing debt burden. So, first you need to prepare the amount to be paid. Debt Liabilities: A home loan is a long-term liability. Pay monthly installments for several years. If there are already installments for other loans, the installment burden may increase. Hence, it is advisable to reduce...

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Is there such a way to save money..!

Kakeibo is a Japanese budgeting method that was first developed in 1904 by Hani Motoko,  a Japanese journalist. The word "kakeibo" means "household financial ledger" in Japanese. Save money tips What is the kakeibo method in Japanese The  Kakeibo method is a simple, yet effective way to track your spending and save money. It involves tracking your income and expenses in a journal, and then reflecting on your spending habits at the end of each month.  The goal of Kakeibo is to help you become more mindful of your spending and make conscious decisions about where your money is going. Here are the basic steps of the Kakeibo method 1. Set financial goals. What do you want to save for? A down payment on a house? A new car? A vacation? Once you know what you're saving for, you can start to track your spending and make adjustments as needed. 2. Track your income and expenses.** This is the most important part of the Kakeibo method. You need to track every p...