List/Grid Author Archives: Michelle

Dream on small budget

When to Stop Dreaming and Start Building Your Dream Home

You have been dreaming of a home for many years. You have also been saving a significant part of your income. You are still waiting for the right time to start building your home. Today is the time for you to take proactive steps without procrastinating further. Evaluate Your Savings You may have done the savings in many forms. Bank accounts, stocks, bonds, and other investments can be useful for making down-payment to your mortgage loan. But you’ll need to convert them into cash assets before taking up the mortgage project. You can ...
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Things you must do to Avoid Bankruptcy

Many people often find themselves surrounded by debt mainly due to lack of financial management. It often leads to bankruptcy which in turn can lead to a bad credit score. It is quite a financially devastating situation, and nobody wants to get in this. So to avoid such kind of problem, there are a few things that one can do. Now here is the list of things that you can do to avoid bankruptcy. Sell out some of your assets It is quite an excellent method to pay for your debts. You should try to sell out things that you can spare and ...
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Check payment

Advantages of Using Cheques for Payment

Cheques are quite important as they provide financial security by holding the cash for the cash owner. When it comes to holding a large amount of money, likes in million, it will be difficult for someone to carry that out. That’s when the cheques come handy. With the help of the cheque, it becomes easy for a person to cash his or her amount to the desired person. Also, it is quiet a safe method for the transaction. In general, it is a transaction process that is used for the transfer of money from one back account to another bank account ...
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Things to do Before Introducing a New Product

These days with the increasing completion in the market, the companies have to make sure that they do a well defines pre-research before launching their products in the market. This will help them establish their product in the markets and also help it sustain in the long run.  Thus there are a few necessary tings that need to be done so that to make sure that it won’t fail. Now here are some of the things that one must do when planning to launch a product in the market. Understand the market that you will be competing in To launch ...
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7 Things you must Know about GST

The goods and service tax is basically an indirect tax or a consumption tax which was imposed on the supply of goods and services in India. It came into effect from July 1, 2017. Replacing the multiple existing flowing taxes which are levied by both the central and the state government, GST replaces all of these indirect taxes with a federated tax reshaping the 2.6 trillion dollar economy of the country. Now here are7 things that you must have a knowledge about when it comes to GST- Input tax credit Since GST has a feature of matching ...
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money on car

Why lower IDV is not the best option for your motor insurance?

What is IDV? IDV stands for that maximum sum which is insured, the amount of which is agreed upon by the insurance provider that will be then reimbursed to the policyholder in cases of loss being either partial or complete. These losses can be either in the cases of theft or accidents or etc. thus the IDV is basically the current market value of your automobile that is insured. The full form of IDV is Insured Dealer value and is a vital aspect when it comes to the determination of the comprehensive car insurance cover premium. Now the value ...
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Tax deduction

Tax Terms you must Know

As a responsible citizen of the country, it becomes the sole purpose of every single person to pay for the taxes that they are obliged to. But when it comes paying taxes people who are new to this may find a hard time dealing with some of those complicated tax terms. But don’t worry! We have got it covered. Here is a list of some of the important tax terms that you should know if you are paying taxes! Gross Income Gross income is defined as the total amount of income which is there before the deductions and taxes. There are various ...
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accounting asset

What are Assets and Liabilities?

An asset can be defined as something which carries some value which can be converted in the form of cash.  Assets are usually owned by either a single person or an entire company. Governments too own assets in different forms. Assets are used to generate profitable revenue and are beneficial in some way or the other.  Assets are generally of two types which are personal assets and business assets. In simple words, assets are basically anything and everything which can be tangible or intangible and which are owned or sometimes controlled ...
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