Financial Advice

 Financial Advice you should know

For Debts

* Prioritize the debt with the highest interest rates first. Once paid, focus on the next highest rate. 

* Which is better Rs. 5000 in a savings account and Rs. 1000 in credit card debt or Rs. 1000 in a saving account and no credit card debt. Of course the latter. High-interest debt can cancel off any interest you earn from a savings account.

For Credit cards

* Don't use credit cards if there is no advantage. Because it encourages you to spend more.

*Set a reminder to pay off your credit card balance.  You will know how much you have in your bank account balance.

For Shopping

* Buy items during seasonal sales as it's the best time to purchase.

* Compare prices online on at least 3 shopping platforms.

* When you purchase, leave it in the cart for a few days. You will get an email offering further discounts on the item.