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The banking industry has become a highly competitive industry with a lot of private players entering the space. From being places to deposit and withdraw money and the seek loans, banks have now become the hubs for fuelling new projects and providing the necessary push to economies around the globe. From old age friendly to startup friendly, banks have come a long way and even sport their new avatars in their offices with their corporate logo and stylish formal attires. Yet, the online banking scenario is still caught in the early 2000’s...

Once you have taken the loan, it is not guaranteed that the plan of repayment will go in your favor. There may be some loopholes or the time may continue to be tough for you, making it impossible to repay the loan on time. In such scenario, you go either for the loan for repaying loan or you may choose debt settlement route. Both have their pros and cons, and it all depends on your attitude towards handing the situation. To help you make better decision, here are some of the points that show you how debt negotiation route impact your...

Have you ever sat down to do your taxes and had the feeling that you’re missing something? The reality is, you’re probably right. Particularly when it comes to business expenses, you may be leaving money on the table in the form of tax write-offs. A tax deduction (or write-off) reduces the amount of your income that will be taxed, therefore reducing your tax liability or increasing your tax return. Here are three important deductions that every professional should know about. Vehicle Deductions If you drive at all for business, you...

Keeping your finances in order as a young single person can be difficult. You are young, wild and free! It is important to build strong habits early. This doesn’t mean you have to subsist on ramen for the rest of your life, but you do need a budget. Starting to think about your future now means you can rest easy as you get older. Here are some tips to gain financial security. Create a Budget Start by tracking your spending for a month. Write out a budget. Account for every dollar you make. You can do this by allocating certain percentages...

The stock market is a very volatile investment strategy which turns some people off. The markets can change in the blink of an eye and suddenly, you’ll find that the value of your investment has dropped significantly. This danger is turning people away from the stock market and instead, they’re deciding to keep their money in cash because it’s believed to be safer. But is that really true? While you might think that cash is the safest way to keep your money, but that view is often spread through these myths about cash. It Doesn’t...

Many people don’t see off-shore bank accounts as legitimate ways to store your money, but that’s not true. There are tons of reasons why this is a great choice for you to make, so be sure to keep reading and we’ll tell you why! It takes down on your political risk It’s been shown time and time again that the biggest risks that you face will not come from economic or financial forces. But rather, the biggest risk comes from your own government. More and more governments don’t know how to manage their banking systems to ensure...

Most of the financial missteps that people make all time can be avoided. And there are some that people make without even knowing that they’re bad for them and their finances. Well, it’s time all that changed. You can’t go on any longer without knowing what to do and what not to do when it comes to managing your money. If you’re going to keep your money balanced and ensure that you have a bright financial future, you need to understand the missteps that people often make unknowingly. Here are eight of the most common of them. Read...

We could all do with some financial help sometimes. Even when you think things are going well, something can take you by surprise and change your circumstances. If you’re struggling with money, or you expect that you’re about to, planning your next move can be difficult. You can often find ways to improve your financial situation, but you might be reluctant to take them. This might be a matter of pride for you, or perhaps you don’t want to feel indebted to anyone. Sometimes, you might just be unaware that help is available....

Image Source The idea of investing abroad is as scary and intimidating as it is exciting. Sure, there is a lot of money to be made if you choose correctly, but there are also a lot of pitfalls. It is these potential obstacles which put lots of people off moving their investments in-house to offshore. Well, that’s a mistake because there are plenty of positives and they mainly outweigh the negatives. If you’re still skeptical, below are the reasons why a foreign property is a winner. Experts That Bridge The Gap In the past, investors...

I think part of growing up for all of us is learning a lesson from the mistakes we make. Each of us have a few memories that we would give anything to go back and change. While these mistakes can happen in several different areas of our lives, the bad decisions which affect our credit often come with the biggest consequences. Between my last two years of college and the nine months after graduation that were spent looking for serious work, I had begun racking up a large amount of debt. What started as a loan or two with a small monthly...