savings account Archives

Feb112023 by David KollerNo Comments

All about savings account interest rates

Business

Savings accounts are basic bank accounts designed to park your money and provide fund access for daily expenses. To cope with inflation and grow wealth, banks also offer savings account interest rates that keep your money from devaluating every passing year. The interest rate on a savings account varies depending on the banks. Moreover, online savings accounts offer high-interest rates due to ease of operation and several other factors. The article below gives an insight into savings account interest rates. Understanding the interest rate on savings account A savings account is a banking product helping you to save and grow your monies over time. When you open a savings bank account, the bank offers an interest rate at a fixed interval which can be on a quarterly, half-yearly or annual ...

Aug222021 by AhithoNo Comments

Ways to Begin a Travel Fund for Your Future Vacation

Travel

When you are planning a vacation in the future, you should begin a travel fund for your future vacation. This is one thing that often gets overlooked when someone plans a vacation. You need to start your funds for the vacation before you book the hotel or book anything for that matter. You want to pay for it out of pocket or use some of the money to help you with expenses while traveling. Here are some ways to begin a travel fund for your future vacation. Save, Save, and Save One of the best ways to start saving money is by cutting unnecessary spending. As hard as it can be, it would help if you learned to say 'no' to some things on your shopping list. Don't spend your money on things that you don't need. And if you must buy something such as that stereo system, put it on your list of...

Dec72020 by AhithoNo Comments

Tips on Making Safer Investments as an Expat

Finance

If you’ve lived and worked abroad for a long time, investing your hard-earned money may have crossed your mind many times. For individuals near retirement age, investing their savings or pension is an excellent strategy to amass enough funds for a comfortable lifestyle. Although there are many investment opportunities, expats have the added challenge of being unfamiliar with the market. On the other hand, investing their money in the home country could involve regulatory restrictions. If you find yourself in this predicament and would like some tips on investing while at the same time minimising risks and reducing the impact of tax on your earnings, here’s what you need to know. Have a long-term investment plan Thinking about your long-term plans is the first consideration before ...

Feb252020 by Ruchi GuptaNo Comments

Scared of Huge Medical Bills? Here Are 3 Things You Can Do Right Now

Finance

Medical bills are still one of the biggest causes of bankruptcies in the world. Over time, they can pile up and destroy even the most well-maintained savings accounts. Having accident insurance is one way to offset the cost of high medical bills. In the end, it all comes down to how much coverage you need vs. how much you’re willing to pay. 1. Understand Your Health Insurance Plan Going out and searching for the best health insurance company in India won’t guarantee your position. Individuals have to understand what a specific policy does, and how it benefits their current situation. If you are knee deep in medical bills, getting health insurance doesn’t mean that the company will offset the debt. Always check to see what is covered by your company – it is your duty as the policy hol...

Mar142019 by David KollerNo Comments

5 Top Tips for Discovering Financial Freedom in 2019

Finance

So, you have some financial know-how, such as where to find the best fixed deposit rates. But would you consider yourself financially free? We all want to get out of debt and stop worrying about the financial responsibilities on our plates, and with a few good tips, it’s possible. Here are our five best strategies for finally achieving financial freedom in 2019. 1. Fall in love with money. Here’s something many people won’t point out: the worry and stress you feel over money is a huge part of what’s holding you back. Applying negative emotions to money creates dread and fear where there should be comfort and abundance. Open a savings account, create a new budget, or save up for something fun. Become as proactive as possible in remediating your money situation and start looking fo...