savings account | wealthymatters

Planning to Retire This Year? Here is How You Should Prepare for the Next Tax Season

January 29, 2018 Leave a comment

wealthymatters It is crucial to invest your retirement corpus diligently. Before you make your investment decisions, evaluating and analyzing different options is beneficial. You do not want to speculate your retirement corpus. You may prefer earning slightly lower returns for the security of your funds.

Your primary objective is to generate fixed income through your limited savings. The first step is to collect all your funds from instruments, such as gratuity, Public Provident Fund (PPF), savings bank accounts, equities, fixed deposits (FDs), and insurance. Read more of this post

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Shopping For The Best Axis Bank Saving Account

August 31, 2017 Leave a comment

wealthymatters July and August are months in which I normally do a great deal of heavy duty shopping. While December is the time I prefer to score statement pieces for my wardrobe as my favourite brands offer 50% offs and its still early enough in the discount cycle for the best designs and correct sizes to still be available, July-August is a great time to pick up wardrobe staples ,restock innerwear and perhaps pick up clothes that might see just one or two uses, all at steep discounts of 70% +. Yes, its possible to get more than 70+ off, even on high-end luxury brands !!! You just have to strategically use store coupons, loyalty points and all the other incentives that brands use to lure customers into shops, along with picking a mode of payment that gives you the largest discount or cashback. And yeah, you’d better have enough money in your savings bank accounts to pay off these purchases in full, to avoid credit card charges nullifying your discount rates ! Read more of this post

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The Miscellaneous Head

April 13, 2011 4 Comments

The best laid budgets go wary.No matter how experienced the budgeter there are bound to be some minor unplanned for expenses.Mind you I am not talking of emergencies such as surgery or even infrequent expenses like say replacing a home appliance or unexpected expenses such as repairing a car.I’m speaking of small expenses such as an improptu evening out with friends or forking for a kid’s school project , toy or outing.These are the sort of expenses which call for a miscellaneous head in our budgets.Budgeting too tightly means there is no flexability to accomodate these small expenses and soon life is bound to become a drag.

The way to ensure there is always a little something for the extras is to decide on a figure and open a small savings account.If you withdraw from this account,top it up in the next budgetary cycle.This way you can be impulsive without upsetting the budget or going overboard with impulse spending.