Credit card and budgeting: How to align your credit card use with your budget goals?

Credit card and budgeting: How to align your credit card use with your budget goals?

A structured budget is essential for managing your finances effectively. It not only helps during emergencies but also secures your financial future. While credit cards can be a double-edged sword, when used wisely, they can significantly enhance your budgeting efforts. The key risk lies in impulsive spending, which can lead to debt traps. However, with … Read more

Personal Loan: What is a debt trap and how to avoid getting into one?

Personal Loan: What is a debt trap and how to avoid getting into one?

Financial constraints are a reality for many at some point in their lives. In challenging times, taking out a loan can provide temporary relief. However, this can sometimes lead to a more significant problem known as a debt trap. What is a debt trap? A debt trap occurs when you take on new debt to … Read more

Independence Day 2024: Why should you strive to find freedom from debt?

Independence Day 2024: Why should you strive to find freedom from debt?

India is celebrating its 78th Independence Day tomorrow.This Independence Day is a good time for you to take concrete measures to be debt-free. When the debt level is exorbitant, it not only puts your wealth creation plan in jeopardy but also whittles away a sizeable part of your income in the form of interest. Let … Read more

Ensure financial stability before opting for zero-interest EMIs, says Raj Khosla of MyMoneyMantra

Ensure financial stability before opting for zero-interest EMIs, says Raj Khosla of MyMoneyMantra

A lot of millennials and Gen Zs take loans to fund their weddings. What’s your view on that? What are some of the things that they should keep in mind before taking a loan to fund their wedding and how should they go about it? Spending large sums of money on weddings is one trend … Read more