Debt-to-income ratio and credit utilization ratio - Often people confuse between these two terms.
Reply honestly, haven’t you ever thought - Are they same? :-) No, they aren’t.
Aristotle predicted that the omission of Oligarchy and more importance of aristocracy and democracy will result in Athen's downfall. We are talking of a civilization here.
Do your finances align with your values? Is your spending line aligned with your goals? You don’t know?
You should figure it out to be both emotionally and financially happy.
Personal finance is a subject that you don't need to learn how to manage. It is more behavioral and based on a person's common sense.
Since we don't go to a school to learn how to manage daily finance, we often make some mistakes.
A 401(k) plan is one of the good ways to save for retirement. Contributing in 401(k) will help you save money from your paycheck, and also reduces taxable income. On the other hand, the money saved in a 401(k) plan is tax-free.
In my previous article, I have covered about the do’s of financial planning. Now, check out 9 don’ts of financial planning.
Avoiding these things will help you build a secure financial life.
If I say I owe you $10,000, and I am willing to pay you $4000, will you let me go that easy? From where will you compensate the loss of $6000? Was $4000 the agreed upon amount?