Owner: Money Matters URL:http://usingmoney.blogspot.com/ Join Date: Tue, 15 Jul 2008 10:06:08 -0500 Rating:0 Site Description: Money Matters is about financial security, financial independence and wealth creation. Money matters give tips on credit card usage, investment instruments like mutual funds, and insurance products like health insurance and life insurance. Site statistics:Click here
Points to ponder before investing in an IPO, 2008-07-14 09:54:00 It is not recommended to invest in an IPO blindly, no matter how tempting or lucrative the deal looks.Here are some of the questions you can consider before investing in an IPO:• What is the core business of the company?• How is the industry performing?• What are the growth prospects of the company and its expansion or diversification plans?• Where will the company invest h mon Read more:Points
Increasing the coverage on your health insurance 2008-07-14 09:52:00 Do you want to increase the coverage on your health insurance
? You can certainly enhance or increase your medical cover on the existing health insurance or mediclaim policy that you have. Usually, If you are willing to increase the sum insured by 25 percent your age, the insurers will permit it without any qualms. However, if you wish to increase the sum insured with say as much as 100 percent, i Read more:Increasing
Insuring a painting, insure a work of art 2008-07-14 09:51:00 To insure a work of art or painting, include your paintings under the householder’s policy under the title ‘valuable possessions’ or take a separate “all risks” policy for your paintings. In both the cases, the risk covered is more or less the same. Since paintings are a work of art, their inherent value has not much of an impact or influence on the market value. The sum insured for the
Change of the nominee for the insurance 2008-07-14 09:43:00 You have to send a request for the change of the nominee to the insurance
company. You have to sign the change of nominee in the nomination form, duly filled, with your signature and that of a witness. When you do make a nomination, you are the owner of the policy and the nominee cannot make any changes under the policy as long as you exist. Insurers usually recommend close family members to be no Read more:Change
Term insurance policies: The best form of life insurance 2008-07-11 11:52:00 While most insurance
agents do not promote term insurance(because there is very less commission to be made from it), the fact remains that term insurance policies are the best form of insurance policy. Life insurance actually should be taken as a pure cover for life, and not as a medium of investment. For investments, there are many other instruments that earn much better returns than a life insur Read more:life insurance
Health insurance: seperate or clubbed? 2008-07-11 10:52:00 If you want to take health insurance
for your family and yourself, it is convenient to go for a family cover. The reason is cost advantage. If you go for a family cover health insurance, while you get the same cover, you will also reap a discount of 5 to 10 percent on the premium, depending on the terms issued by the insurer. Read more:Health
, seperate
The importance of credit scoring in India 2008-07-09 03:14:00 Credit score is a three digit score that are used by lending companies to determine the credit
risk of a borrower. Credit scoring
is the most commonly used parameter to offer credit in western countries like USA, UK and places like Hong Kong. These credit scores help lenders make quick lending decisions, and there is very low risk of partiality in lending or human error. A conventional syste Read more:India
Mutual funds or direct equity trading which is better? 2008-07-09 02:58:00 A lot of us wonder which way is better
: investing in the market through the mutual fund or direct share trading? In fact, mutual funds are advisable for small investors. Also your money is diversified across various sectors and various companies, which means the risk factor is relatively less compared to what it would be if you invest in equity directly. Direct equity certainly entails a high amo Read more:Mutual
Education loans..how to get education loans from Public Sector Banks 2008-06-15 15:36:00 Public sector banks are known to provide a major part of education loans. Two famous ones include like Punjab National Bank and State Bank of India. A person can apply online for an education loan. He/she gets a notification within 48 hours of applying for the education loan. Then the person has to go to a nearest branch of the bank for education loans with the relevant documents. The education l Read more:Public
Whether to rent a house or buy a house 2008-05-15 06:56:00 Property rates are growing in India, particularly Mumbai at high rates. As the inflation rate is also touching the roof, people are wondering whether it is a good idea to buy a house or stay in a rented house. The best way to find a solution is to make sure that the monthly rent or EMI for a house should not be more than 40 percent of the monthly income. If it goes more than that, then it can be
Know your EMI limits 2008-05-03 14:14:00 Ideally, your yearly mortgage payments should not exceed more than 45 percent of your net annual salary. If you are taking a car loan or a consumer durable, the EMI should not be more than 25 percent of your net salary. At no point of time, should you liabilities-asset ratio exceed 50 percent.
How to retire a crorepati 2008-05-03 14:02:00 The earlier you start saving for retire
ment, the easier it becomes for you to become a crorepati or a millionaire. If you begin saving for retirement at the age of 50 and invest Rs.20000 per month in an instrument that gives you 8 percent returns annually, you will have Rs.38 lakhs by the time you turn 60. If you had started saving money and investing an amount of Rs. 10000 per month at the ag
Go for an all risk insurance policy for your laptop 2008-04-23 15:20:00 An all-risk policy gives complete protection to your laptop. It is an ideal insurance
for your laptop covering the product from factors like accidental damage, electric short-circuit, theft, fire and mechanical breakdown. An all-risk policy works everywhere in the world and is not limited to just one nation. Also remember, that it is not important that just the insured has to be using the la
Evaluating mutual funds 2008-04-23 15:19:00 There are two things that one should look for, while evaluating mutual funds. –Return and Risk. For returns look at the past performance, usually spanning over three years. The longer the period, the better because you know the fund has sustained rough times also. More than high returns, look at the consistent return factors of the mutual funds over a period of time. Past performance are obvi
Credit card with fingerprint reader 2007-08-01 04:50:00 SmartMetric Inc.(SMME) a leading manufacturer and marketing wing of tamper-proof identity cards has for the first time in the history of credit cards has introduced the world's first credit card with a built-in fingerprint
reader that gives the credit card owner the benefit to use it. SmartMetric Fingerprint activated card is a formidable weapon against Identity theft. It is effective against
Business Credit Cards 2007-07-30 04:52:00 The business credit card is quite useful for a person who owns a business. The usage of your business credit card depends primarily on your business needs. If you have started with a business, the needs of your business will be different than when you will have been established. In case, you have just kickstarted your company, the expenditure is mostly towards machinery and supplies. If your busi Read more:Business
, Cards
Travel Reward Credit Card 2007-07-29 07:53:00 A travel reward credit card is offered as a part of the credit card rewards program that gives you the benefit to redeem credit or cash in your traveling purchases. A Travel
Rewards Credit Card
can benefit you even more if you are a frequent flier. Your favorite airline company will offer you the benefit of using its travel rewards credit card from which you can accumulate points.It is important
Free Prepaid Debit Cards 2007-07-29 02:52:00 A free prepaid debit card is a feasible substitute for a credit card. free prepaid debit cards help save and also manage your money. You can easily get a prepaid debit card as compared to a credit card. If you are an employee of an office or running a business, you can easily get a free prepaid debit card. You can also get free prepaid debit card as a promotional product.Unlike credit card, free p Read more:Cards
, Prepaid
, Debit
apply online for instant approval credit card 2007-07-29 01:43:00 What does instant approval credit
card imply? You may have been hounded by different credit companies online
asking you to apply for credit card instant approval and then your credit card applications online will be approved instantly.It is important to know that instant credit card approval does not mean, that the moment your application is approved, you can begin to use the card for shopping. It
Apply for a credit card 2007-07-08 07:57:00 You are eligible to apply for a credit
card if you are 18 years of age and have a standard source of income. In countries like US, the lenders ask the credit bureau for your credit report and run a check through your credit profile to check if you have outstanding bills, loans or mortgage on your account. They make their credit decision after going through your credit file. In countries
What is a credit card? 2007-07-08 07:54:00 A credit
card is a contract between the issuer (a bank or a financial entity) and the cardholder (you). A credit card is the best and the most popular form of ‘plastic money.’A credit card works on the ‘Buy now and pay later’ scheme. The contract or the agreement forms a binding contract when the consumer signs on it. This is an indication from the consumer to the credit issuing company th
Insurance covers that you never knew 2008-07-20 08:11:00 Here are some of the lesser known insurance covers.1. Kidnap insurance: Kidnap insurance compensates for the ransom in case of a kidnap. Kidnap insurance also pays for any psychiatric condition that the victim may undergo following a kidnap. Kidnap insurance should work well in places like UP and Bihar in India where kidnapping is a huge business.2. Wedding insurance: Wedding insurance covers m
Withdrawing cash on credit card: Good or Bad? 2008-08-05 15:00:00 It is a bad decision to use your credit
card for withdrawing cash. The interest rate on cash withdrawn ranges between 2.7 and 2.85 per month. Please note that the interest is compounded every month which means, the annual interest rate is between 38 and 40 percent yearly. Cash withdrawals do not have a grace credit period and the interest is charged from the very day the cash is withdrawn. Compar
Different types of medical insurance, different types of health insurance 2008-09-22 11:20:00 The six main types
of health insurance
or mediclaim policies that are available under the umbrella of medical
insurance are: health(or medical) insurance, critical insurance policy, personal illness, accident policies, hospital care policies and surgical assistance policy. Some of these policies also come as riders with life insurance policies. However it is a good idea to get a standalone insuran Read more:different
Use a travel card to travel abroad 2008-09-22 11:19:00 A travel card is a prepaid card that you can purchase using Indian rupees, and withdraw in any local currency in the world. The card is targeted at leisure travelers, students going abroad and corporate travelers. The travel card removes the need for carrying any loose change, arising from the difference in the value of purchases made and the value of Travelers Cheques encashed earlier while you a
Correction in PAN Card, change information in PAN CARD 2008-09-22 11:14:00 If there is an error on your PAN cad, and you want a new card with correct details, you need to fill up a form called the ‘Request for New Pan Card or/and Changes or Correction in PAN data’ The kind of change that you want will determine how you fill up the form. If there is a photo mismatch or a signature error, fill up the entire form, and put a tick mark on the box that pertains to the ent Read more:information
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