Money and Honey

Personal Finance, Stock Market, Mutual Funds, Bonds and Investment Strategies.

Showing posts with label Financial Tips. Show all posts
Showing posts with label Financial Tips. Show all posts

Monday, 30 December 2024

Setting SMART Goals for 2025: A Path to Success and Growth

Setting SMART Goals for 2025: A Path to Success and Growth Starting the new year with clear, meaningful goals is a great way to set yourself up for a year of personal growth and achievement. But how do you begin? The secret lies in setting SMART goals. Here’s how to use the SMART framework and make your goals truly yours in 2025. Start with Your Core Values Before diving into goal-setting, take a moment to understand what truly matters to you....

Saturday, 2 May 2020

7 Tips to Improve your Financial Health during this Corona Lockdown

The world is reeling under the Corona Virus Pandemic. Many people are experiencing job losses as companies across globe shut production. Markets have also shown huge fluctuation wiping our crores of investor's wealth. Needless to say, people are concerned about their finances due to COVID-19 pandemic. With so much uncertainty around, it’s important now more than ever to focus on saving and reduce spending. During this Corona lockdown, follow some...

Monday, 13 February 2017

Dos and Don’ts of Financial Planning

Good money habits are the key to financial independence. When you deal with money, you would not want to take any chances. You might do everything right with your money. Yet, you run out of luck when the financial need arrives. These basic dos and don’ts of financial planning could set you on the path to financial success. Do’s Identify Your Goals:  Successful financial planning is dependent on the financial goals you set. It is necessary...

Friday, 6 January 2017

10 Essentials to Stay Wealthy in 2017

Come New Year and its celebration time. It’s generally a happy time spent with near and dear ones. In the same spirit, it’s good to take stock of one’s financial well-being as well and chart a set of resolutions that could help you stay wealthy in the year 2017. Here’s a list of ten resolutions which could help you with this: Resolution 1: Go digital. With online banking, wallets and UPI seeing a significant penetration and surge, a large...

Thursday, 5 January 2017

The Magic of Compounding

Napoleon Hill author of best seller ‘Think and Grow Rich’ is often credited as saying that ‘Make your money work so hard for you; so that you do not have to work for it.’ Various books have been written on the art and science of making money based on more or less the same principle. Mathematically speaking ‘Make money work for you’ is called as compounding or simply compound interest. Albert Einstein was amazed by the power of compounding and...

Tuesday, 16 February 2016

Seven product combinations for different financial needs

A variety of ingredients come together to make a complete meal. In personal finance too, it's about getting the mix right.  Here are seven product combinations for different financial needs for you to consider. 1. Tax Planning ELSS + PPF + NPS When choosing products under Section 80C, opt for a mix that will not only help you preserve capital and save tax, but also make your wealth grow. ELSS gives the benefit of superior wealth accretion...

Saturday, 17 January 2015

Saving

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