Archive for September, 2012

How to apply for a bank loan

Wednesday, September 26th, 2012

Apply for a bank loan, loansBe it a monetary crunch or extra cash needed for investment, everyone is once faced with a situation in a life time, when they need to loan a certain sum of money from a bank. But whatever be it there are certain essential points that you must follow while applying for a loan from bank. There are several types of loan like house loan, car loan, personal loan etc.

The first and foremost thing that you should take well care of is the personal details that you provide the bank while filling up the form for personal loan. If any of the details provided by you is wrong, then you are supposed to follow many problems during verification and the application is also prone to be cancelled. Also depending on the amount of loan you are applying from the bank, you may have to provide the collateral security to the bank, since the bank will not also be on the risky side. If all the things go right, then it will hardly take any time to get the loan sanctioned.

What kind of tax benefit can a senior citizen get

Sunday, September 16th, 2012

Tax Benefits for Senior Citizens, tax tipsThe tax benefits that seniors get are actually in a form of a basic exemption that is higher than the regular standards. The limit of basic exemption is the income limit until the time when there will not be any liability of tax. The limit stands at an amount of Rs 2.5 lakhs for the senior citizens and ten percent tax is to be paid for income up to five lakhs.

Earlier, sixty five was the age where a person would fall under the classification of senior citizen but now that age has been reduced to sixty. This is beneficial for the citizens as they could be able to get the benefits of the basic exemption from an early age. Senior citizens may also be benefited from the medical insurance premiums. Therefore, this is one of the major tax benefits that can be availed by the senior citizens.

Trading in CFDs

Tuesday, September 11th, 2012

use of CFDs, trading tipsIf you are a CFD or Contracts for Difference trader then you need to work hard as there is a lot of competition in this sector. You should study the market and pick up some tips and tricks to develop your own strategies in CFD trading in order to gain profits and a good reputation on the global platform. Be innovative. Always keep updating your system and trading ventures in order to explore new opportunities. The CFD leverage is an important factor in the market as a CFD trader. So control it well and manipulate your position and ventures accordingly.

When you’re going through a bad phase, don’t forget to make use of your CFD stops. This can help you slow down your business for the time being so that you can bounce back with minimum losses in your stride. Have goals for every project. Calculate the risks involved and upgrade it daily. Keep a journal as well o maintain a track record of your positive and negative ventures. Finally, learn from your mistakes, take inspirations from successful CFD traders and be creative.

Managing personal finance made easy

Thursday, September 6th, 2012

Manage personal finance , personal finance Many people face a major cash crunch at some point of time. Sometimes the situation becomes so severe that one has to file for bankruptcy. Not only does the credit score get affected but day to day life also becomes difficult. That is why it is very important to have a proper financial plan. Make two main lists -one for the beginning of the year and one for each month. For the annual planning, plan out finances like home loans, insurance and any other debt clearance.

For the monthly planning, you should consider matters like groceries, main shopping list, and education fees for children, etc. You should have a budget for every kind of expense for the month. Make it as precise as possible. But you should also keep some money for extra expenses and medical emergencies as well. Follow this plan and you can relax and enjoy life financially.