As a father, I would work with my worst enemy to ensure a better future for my little one – Buck in Ice Age: Collision Course. It is strange to start a narrative on the 2021 union budget with a reference to an animated film. And not one of the popular ones either. But these are strange times. Before we look forward, let’s look back and trace where we came from so we know where we are going. At...
Spending your income wisely is the basic rule of smart personal financing. However, it isn’t unusual if you feel daunted about tracking every single rupee that passes through your wallet or bank account. The solution lies in setting up a simple budgeting system that takes the pain out of accounting and helps you identify your financial priorities. Why Do You Need a Budget? By creating a...
Food and medicines for the body, Subscriptions for the mind Force majeure – an obscure clause in contracts that refers to an Act of God, which moved out of lawyerspeak to mainstream usage in a matter of weeks with the COVID-19 outbreak and lockdown. Overnight, Indians everywhere were forced to change how they work, play and live. The most creditworthy Indians had fewer avenues to spend, and...
March 29th The Reserve Bank of India announced measures to improve the economy in response to the COVID-19 crisis. All financial institutions are permitted to allow a moratorium of three months on payments of installments of all term loans and credit card dues arising between 1st March 2020 and 31st May 2020. The RBI has clarified the same in this circular dated 27th March 2020. Please note that...
Introduces CRED Stash, An Instant Credit Line, and CRED RentPay for Rent Payments on Credit Card. April 20, 2020 CRED, a high-trust community of creditworthy individuals, merchants, and institutions, has reimagined the CRED experience with the introduction of two new products aimed at increasing financial confidence for creditworthy individuals. CRED RentPay allows members to pay their highest...
Do you remember those childhood days when you anxiously awaited your scorecard at the end of each academic year? Two digits (unless you scored 100%) summed up your educational performance for one full year! Now that school is over, there are no more mark sheets to bother about for most of us. However, there is another scorecard that impacts your life in several ways, without you even...
With the increasing adoption of plastic money, there’s also an increase in the number of credit card data breaches across the world. In 2017, the credit-reporting agency Equifax had a massive breach that compromised information, such as credit card details and Social Security numbers, of almost 50% of Americans. However, this was not an isolated incident. Most recently, the food-delivery service...
Having a credit card is good for your credit score, provided you use it wisely. However, there may have been times when you wished to close a credit card, say when your credit provider increased the annual fee, or you were being offered a better deal by another institution. But closing a credit card is bad for your credit score, right? Well, that’s not always the case. Credit card...
It is not uncommon for credit cardholders to be charged for going over their credit limits. And it generally only occurs with your consent. If you are find yourself in such a situation, there are only two possible outcomes. Either you incur a late fee or you end up hurting your credit score. Opting Out of Over the Limit Charges When a credit card is issued, you might be given an option to opt for...
With advancing technology, most of our personal information has moved to the digital world, making us more vulnerable to cyber-attacks. A data breach is a type of cyber attack that can be defined as a security incident in which personal information is accessed without authorisation from the individual. Such attacks may happen at an individual level through phishing emails, or at an organisational...