Benefits Of Using Credit Cards

There have been times when I get into debates on the pros and cons of credit cards. Most of the times, such debates are concluded without any coherent result. However, here I’m not going to put up any argument. I’m just going to put out the facts and let you decide whether using a credit card is the best choice for you.

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Benefits of using credit cards

1. Signup Bonuses

All popular credit cards available today offer some sort of welcome bonus for the cardholder. Not just that, some credit card providers even provide you with reward points which you can redeem with shopping and fun activities.

2. Rewards Points

Another benefit of using a credit card is that you get reward points for your spendings on various categories.  Reward points can be redeemed while shopping. You can get reward points when you dine out. You can get reward points when you pay for fuel. There are a lot of things that you can do with your credit card and earn reward points for that.

3. Cashbacks

Cashbacks are another interesting way to get the benefit from your credit card. Credit card providers provide up to 10% cashback on certain purchases. This is something that you’ll not want to miss out.

4. Travel points

If you’re a frequent traveller and use aeroplanes as a mode of travel, you can get huge benefits through your credit card. Flyer miles or airline miles are part of a loyalty program offered by airlines and credit card providers. You earn points for flying with certain airlines. These travel points keep collecting and you get something for free with these points.

5. Insurance

Most credit cards offer you a lot of additional benefits such as rental car insurance, travel insurance and more.

6. Easy payments

When you’re travelling in a foreign destination and want to make payments, you may find that not all merchants accept your debit card. On the other hand, when you offer to make the payment using a credit card, they will readily accept it.

Those were some of the major benefits of using a credit card. Last month, I did comprehensive research on the best credit cards in India and got to know about some interesting offers. If you do not already know about the best credit cards in India, you need to do your research and start using some of these credit cards. It is worth it considering all the benefits that come with it.

Conclusion

Credit cards are certainly beneficial to you. But, if you are someone who doesn’t keep a tab on your expenses, you may land in high water and there will nothing much to do about it. Having said that, credit cards can actually save you tons of money when you use it with discipline and planning. It is something that when you start seeing the benefits, you will want to use more of it and use it wisely.

Did you find something valuable from this post? Please let me know your thoughts in the comment section.

Best Indian Apps For Instant Cash Loans

Financial management is one of those skills that you need to master well to thrive well in the world today. One of the harsh realities of life is that you will need money to survive and live a good life. There may be times when you are left with no choice but to borrow money to fulfil your immediate needs. Though you have the option to turn to one of your friends or relative for help, it is not something that not everybody would want to do. This is when you can use personal loan apps that give cash loans super fast. You can use these apps to get instant cash loan in 1 hour in India. Here is a list of the most popular apps for instant cash loan in 1 hr in India:

List of the best instant personal loan apps in India:

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1. MoneyTap

This has got the recognition as India’s first app-based credit line. The best part of the app is that you can use it you only need to pay interest on the amount you used. Its flexible interest rates make it one of the most preferred loan apps for Indians. This is one of the best loan apps of the present times in India. Do give it a try and tell us what you think.

2. Rupeelend

Rupeelend provides short loans to customers and companies. Its unique feature is its instant application feature which helps users to apply for loans real quick. The best part of their service is that there are processing fees for the process. Do give it a try and find out what more about it.

3. Flex Salary

This is one app that comes with a bundle of amazing features. From one-time approval to flexible repayment policy, there is so much you get from this app that you will fall in love with it. The app is marketed as advanced salary loan and rightly so. With so many amazing features, this one is indeed a go-to app for quick personal loan seekers.

4. Money View

This app lets you get started with the loan procedure within a few hours of applying. You can borrow money from the range of 25,000 rupees to 2 lakh rupees and repay it within 3 to 12 months.

5. CrediFiable

This is an app that requires some extra requirements to be fulfilled to be able to borrow money. Besides being an India citizen and a salaried employee, you will need to have a gross annual income of 3 lakh rupees per annum in order to be eligible for applying for a loan through CrediFiable.

6. Money In Minutes

This is one of the most popular apps that offer loans to salaried persons drawing a minimum salary of 15,000 rupees. The period of loan can be from 60 to 180 days. This is one of the best Android apps for instant cash loans in India.

7. CASHe

CASHe is another platform that gives instant loans to salaried individuals in India. Applicants can apply for quick loans up to 2 lakh rupees. The period of return can be from 15 days to 6 months.

8. PaySense

PaySense is a loan offering company in India that offers quick loans. Applicants who get approved for loans can get loans up to 2 lakh rupees. You even get an EMI calculator that lets you calculate the amount you need to pay every month to repay your loan.

Hope you found this post useful. Leave your thoughts in the comment section below.

How To Effortlessly Manage Your Expenses While Travelling

One of the things that you should know about travelling is that you have to understand how to take care of your finances well while travelling. You are supposed to have fun while travelling. Therefore, it is wise to figure out how to manage your expenses while travelling so that you can spend your time having fun and meeting people. In this post, you will learn about some of the best tips that you can use to effectively manage your expenses while travelling. Read on to find out what I am talking about.

  1. Plan well

Things do not always go as planned. Therefore, it is really important that you anticipate your expenses well and be prepared for some extra expense that can happen during your trip. Calculate your expenses for food, accommodation and other essential things and take extra money with you so that you do not run short of money during your stay.

  1. Use cards

While debit cards and credit can help you go cashless, it is important to know which cards to choose for your expenses during the journey. Different cards have different charges and you have to understand the costs from spending through these cards before you go ahead and use cards during your travel.

  1. Carry cash with you

Having cards while travelling is a really good option. However, make sure to carry cash with you when you are travelling. There are countries where you may have a tough time finding cash machines. Having cash with you can save you in such a situation.

  1. Prepare a regular budget (in a spreadsheet)

Plan your daily, weekly and monthly spends in a spreadsheet. You can organise the spreadsheet template to make it easier for calculating spend per category, average daily spend, etc. Once you do this, you can use the information to decide where to cut down the expenses.

  1. Have fun

The motive for travelling is to relax and have fun. Managing your expenses is essential to make sure that you are in control of your money. However, do not get obsessed with calculations and budgeting. Make sure that you are having a good time when travelling.

Bonus tip: Find out the countries where the value of currency is lower. Visit those countries for a cheap yet amazing travel experience. Here is a list of currencies which are low in value compared to the US Dollar. Look up these countries on the internet and find out the best places to stay there. You can also check this list of the cheapest countries to travel and choose one among these for your next holiday destination.

We hope you found this post helpful and informative. If you have any suggestions or questions about this post, please let us know your thoughts in the comment section below. Also, if you know more tips about travelling, feel free to share with us. We would be glad to get in touch with you. To show your support, share this post with your friends on social media and elsewhere. Thank you very much for reading!

Types Of Cryptocurrency Wallets

A cryptocurrency wallet is basically a software program that stores your private key and public address and lets you receive and send digital currency. These are used for the purpose of storing digital currency, managing transactions and key storage. In this article, I am going to tell you about the different types of cryptocurrency wallets and how you can use them. The list below is in no particular order and shouldn’t be considered as a ranking list.

Types of cryptocurrency wallets:

  1. Hardware Wallets

These are hardware devices which are built to handle private keys and public addresses. This device can be operated without batteries. You can use these by connecting it to a PC or mobile device via USB. Though expensive, hardware wallets are considered to be the safest among all kinds of wallets.

  1. Paper Wallets

Paper wallets are a little more technical than hardware wallets. In a paper wallet, you just store your private keys and public addresses on a piece of paper and start transferring your coins to it. It keeps your private keys offline. Therefore, it is a safe way of storing your cryptocoins.

  1. Desktop Wallets

These are desktop software packs that you can install on your PC, Mac or Linux. Before installing this software, make sure that your desktop/laptop has antivirus or anti-malware protection enabled. Without them, you will risk getting hacked and robbed of your digital coins.

  1. Mobile Wallets

These are phone applications which you can access any time from anywhere. These are the most widely used wallets right now as it is easily available and really easy to use. There are mobile wallets compatible with both Android and iOS devices.

  1. Online Wallets

These kinds of wallets are connected to the internet. These are cloud-based wallet. You can access them from multiple devices via internet connection. You can access these via browsers like Firefox, Google Chrome, etc. Because this kind of wallets run on cloud, these are susceptible to security threats. You need to be extra cautious when choosing a wallet provider for this kind of service.

Which among these Crypto wallets should you choose? Well, it entirely depends on you. Long story short, you need to choose something that you can trust and stick to. Just make sure not to compromise on security and you will be fine. To stay updated on the latest news from the world of cryptocurrency, check this website. Keep yourself updated about the latest cryptocurrency events, meetups and release updates to make sure that you make the best out of your investments.

I hope you found this post useful and informative. If you want to know more about cryptocurrency wallets, let me know in the comment section below. Also, let me know your suggestions and questions about cryptocurrency and blockchain. Share your tips with me if you have any. I will be glad to get in touch with you. To show your support, share this post with your friends on social media and elsewhere. Thank you very much for reading!

VAT Calculation Made Easy With The New VAT Calculator For UK

Among the various taxes applicable in the United Kingdom is the Value Added Tax or VAT. The earlier VAT rate for the United Kingdom was 17.5%. The current standard rate of the Value Added Tax in the United Kingdom is 20%. Value Added Tax is also applicable on goods and services which are imported from countries outside the European Union and imported into the UK through other countries within the European Union.

When can you charge VAT?

Business in the United Kingdom which want to collect Value Added Tax need to follow certain guidelines. As a part of this guideline, the initial thing that you need to do to start charging Value Added Tax is to register your business for Value Added Tax.

What are some of the items or services on which Value Added Tax can be charged?

According to the VAT guidelines, there are only certain items and services on which Value Added Tax is applicable. The various items and services on which Value Added Tax can be charged are:

  • On the sale of goods and services
  • On commission
  • On the sale of items to staff/team
  • On hiring goods to others
  • On selling business assets
  • On business goods used for personal reasons

What are the goods and services which are exempted from Value Added Tax?

According to the guidelines for Value Added Tax, there are certain goods and services which are exempted from Value Added Tax. It means that you can’t charge Value Added Tax on those goods and services. Some of the items and services which are exempted from Value Added Tax are as follows:

  • Health services provided by doctors
  • Insurance
  • Postage stamps or services

VAT calculator UK

With the help of the VAT calculator UK, you can calculate the amount of Value Added Tax on goods and services in the United Kingdom. This is extremely useful for people and businesses in the United Kingdom. It helps you figure out the Value Added Tax charged on a net amount or the Value Added Tax contained within a total amount. This calculator lets you change the Value Added Tax rate. You can add or subtract Value Added Tax from the gross amount easily.

One thing that you need to be careful about when using this online calculator is to check the dates on the invoice or receipt of the good or service. If the date mentioned on the receipt is prior to January 4, 2011, the standard rate applicable will be 17.5%. If the date is January 4 or later, the standard rate of 20% will be applicable.

We hope you found this post useful and informative. If you have any queries or suggestions related to this post or if you want to know more about Value Added Tax and VAT calculator, please let us know in the comment section below.  We would be glad to help you out. To show your support, share this post with your friends on social media and elsewhere.

Thank you very much for reading!

Types of Investors in India

There are a lot of investment types today and there is quite a bit to learn about each different investment type. If you are a beginner in the investment market, the stock market can be a big scary place especially if you know little or nothing about investing. Fortunately, the amount of information that you need to learn has a direct relation to the type of investor that you are. Talking about investors, they are basically classified into three types: the conservative investor, the moderate investor and the aggressive investor. Furthermore, all these investment types fall under two levels of risk tolerance slabs: high risk and low risk. Read on to know about these investor categories and what makes them different from each other.

The conservative investor

Let’s begin with the conservative investor. The conservative investor often invests in cash. His/her money is usually invested in mutual funds, money market accounts or savings accounts. One of the major reasons for investments in these type of investment options is that these are some of the safest investment options and have a comparatively lower risk factor.

The moderate investor

The moderate investor, on the other hand, invests in cash and bonds. These investors also take interest in the stock market. Moderate investors often make their investments in real estate, if it is low-risk real estate. The idea is to keep the risk factor low while looking forward to generating more profit from investments.

The aggressive investor

The aggressive investor commonly does most of the investing in the stock market, which involves higher risk. They also tend to invest in business ventures as well as higher risk real estate. They look for stocks with higher risks and higher returns. They put a large part of their portfolios in stocks of less well-established companies. This means they take higher risks with their investments. These investors sometimes get higher returns for taking such big risks. However, they have to be very active in monitoring the stocks they put their money in.

Before making any kind of investment, it is very important to clearly understand the different types of investments. Learn what these investments can do for you. Figure out which investments can fulfil your financial goals and then take the risk of investing. Once you have a clear understanding of the different investment types, you need to align these with your financial goals. Another thing that needs to be taken care of is that you stay invested for a long time. Long-term investments can bring higher returns. However, you can also go for short-term investments. It really depends on your financial objectives. If you are looking for low-risk investments, investing in mutual funds is a good option.

Check gold loan interest rate in India and get loans quickly. Knowing gold loan interest rate will help you get loans easily which you can use for your other investments and get high returns.

We hope you found this post useful and informative. If you have any queries or suggestions related to this post, please drop your comments in the comment section below.  We would be glad to help you out. To show your support, share this post with your friends on social media and elsewhere.

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Top 6 Small Business Ideas in Canada

Are you looking forward to starting a new business in Canada? If yes, you have come to the right place. Canada is one of the most favourable places for doing business. However, when it comes to deciding the right kind of business, most people are lost. This article covers 10 ideas for a profitable business in Canada. Let’s start by giving you an insight into the financial system of Canada. Besides getting the advantage of low tax rates, having your business established in Canada can help you build connections with top markets from around the world. Canada has a well-maintained transportation system which is perfect for moving goods, especially for international trade. Besides, the system of Canada tax brackets is quite organized and fair.

Now let us look at the top  Small Business ideas in Canada.

Transportation Business

A transportation business in Canada is quite profitable. The first thing you need to do is to decide the type of transportation business you want to start. Your options include medical transport, bus company, courier service, taxi service and trucking. You will need to get the required registration and get the required license and permit to start this business.

Computer Repair Business

This business is quite profitable in Canada. However, to start this business, you might need some experience. Besides experience, this business may require a license to start. Having a license makes people believe that you are a professional and this builds trust which is one of the most important things for a business.

Event Planning

If you are someone who has the skill to keep things organized, this business is a great option for you. Event planning is something that is always in demand. You can start your business by offering services for small events and gradually climb the ladder of success. With the right services, you will get noticed and you can soon start handling bigger events.

Interior Decorator

Businesses in interior decoration are becoming popular. Be it decorating a new home or redecorating an old one, interior decorators help people decorate homes and earn a decent amount for their services. The business requires you to decorate homes based on the specific requirements of the clients. If you love colours and have a flair for creativity, this might be the best business option for you.

Cleaning Business

A cleaning business provides cleaning services to clients. Your clients can be people from residential areas, commercial areas or both. The best thing about this business is that you do not need any special qualification or education to become successful in this business. However, you will need to familiarize yourself with the chemical products and the types of equipment that are needed to run your business.

Tax Specialist

Most businesses are overwhelmed when it comes to filing tax returns. If you are someone with a good knowledge about tax preparation, you can start your tax consultant business. Businesses will be ready to pay a good amount of fees for this kind of service.

These were some of the top small business ideas in Canada. Having a business up and running can be overwhelming in the beginning. You will need to have a good understanding of the tax system in Canada to make certain that your business runs smoothly. There are websites which provide tools like HST calculator and Reverse HST calculator which can help you calculate the HST rates and prices of goods and services inclusive and exclusive of the HST rates. To make sure that you run your business seamlessly, you need to make yourself accustomed to any kind of tax-related online resources, the likes of HST calculator and Reverse HST calculator. Also, make sure to check the Canada tax brackets for seamless business experience in Canada.

We hope you found this post useful and informative. If you have any queries or suggestions related to this post, please drop your comments in the comment section below.  We would be glad to help you out. To show your support, share this post with your friends on social media and elsewhere.

Thank you very much for reading!

Effects of GST on the E-commerce Industry in India

The execution of GST in India has brought a lot of advantages for the Indian e-commerce sector. Considering the fact that it is applicable across all Indian states, it has converted India into a unified tax market, mainly for e-commerce business. This article gives you an insight into the various advantages of GST for the e-commerce sector in India.

GST in India has replaced a number of indirect taxes like Central VAT, Central sales tax and Central Excise Duty to name a few. These have led to a dramatic reduction in compliance cost, facilitating seamless trade between industries and optimizing B2B e-commerce industry across the country.

Earlier, there wasn’t any specific tax law to regulate the Indian e-commerce industry. There were a lot of complexities in compliance of various applicable laws in different states of India. However, with the coming of GST, e-commerce companies now no longer have to face the complications of individual state tax laws.

GST has also simplified the logistics decisions, as currently the B2B e-commerce companies are enclosed within the individual state tax constraints. Previously, companies had to concentrate more on sourcing and warehousing based on tax implications, rather than convenience, distance or other strategic considerations. The implementation of GST has changed the scenario and now companies can have fewer, larger warehouses located strategically, and thus reduce their operating costs of logistics.

For a convenient GST experience for your e-commerce business, here are a few things that you need to keep in mind:

  1. Have your GST registrations done.

GST registration process can be done online through an online portal maintained by the Government of India. Click on this link to get your GST registration done.

2. Plan your warehousing requirement and logistics

E-commerce companies now have the choice to decide their warehouse size, location, inventory and operations management based on factors like manufacturing locations, proximity to consumption centres, optimization of goods movement, etc. This will lead to lower supply chain costs for manufacturers and reduced product prices for consumers.

3. Make use of technologies and platforms that help your business to be GST compliant.

The implementation of GST has given rise to a number of offline and online services that help you make your business GST ready. GST in Bharat is one such platform that can help your business become GST compliant. GST in Bharat helps you in calculating GST and reverse GST. This is one of the best platforms to use for e-commerce businesses to make sure that you save your time and money. This platform is absolutely free to use and you can even use the mobile app version of the website for Android phones. We highly recommend this website for GST calculation.

We hope you found this post useful and informative. If you have any queries or suggestions related to this post, please drop your comments in the comment section below.  We would be glad to help you out. To show your support, share this post with your friends on Social media and elsewhere.

Thank you very much for reading!

Difference Between Long-term Investments and Short-term Investments

There are different types of mutual fund investments available today. There are short-term investments and long-term investments. There are, in fact, as many investment strategies as there are investors. Having to choose between this wide range of options can sometimes be daunting. Choosing between long-term investments and short-term investments is basically like choosing between how fast you want your investment to grow and how much risk you are willing to take.

Long-term investments are those investments which you plan to hold for more than one year. In most cases, you aspire to hold them for several years. On the other hand, you generally hold short-term investments for one year or less. Here are some of the major distinctions between short-term investments and long-term investments:

The intensity of safety and risk and the comparative rates of growth is what distinguishes short-term investments from long-term investments. Short-term investments last for a short while and give you a remarkable return in a short time frame. On the other hand, long-term investments last for several years with a slow but steady increase in returns that add up to deliver a significant profit at the end of the investment term. An ideal example of long-term investment would be Fixed Deposit in bank accounts. It is a worth it investment as banks offer attractive interest rates on FD. For estimation on how much you can earn from fixed deposits, refer to this online fixed deposit calculator. Using this online fixed deposit calculator, you can know your interest amount and also the various rates of interest offered by different banks.

Short-term investments carry a little more risk compared to their long-term counterparts. The rate of fluctuation is comparatively high in case of short-term investment. While there is a good chance of making more money from short-term investments, there is also a chance of losing money with short-term investments.

On the contrary, long-term investments can offer you stability and much lower risk while offering higher returns in the long run. Long-term investments are preferred as an investment option when the investor has a lot of time in hand, like in the case of a retirement fund, which grows over the years and matures just at the time when you need them.

With most of the long-term investments, you have less control over your money until the investment matures. Additionally, early withdrawals or selling of bonds and stocks are subjected to fines and penalties in long-term investments.

Therefore, before making an investment, it is sensible to compare the pros and cons of both short-term and long-term investments and then choose the one that best fits your current financial needs. This can save you from having to change your plans midway or sell it without much profit. If you are willing to take short-term investment as your major investment strategy, one good option is to choose SIP mutual fund plan. Click here to calculate SIP fund returns and compare SIP mutual fund plans.

As a beginner in the field of investment, you might need a mix of long-term and short-term investments. By learning the differences between these two types of investments, you will have a good idea of what to expect from your investments. This can help you make the right choices for your future investments.

We hope you found this post useful and informative. If you have any queries or suggestions related to this post, please drop your comments in the comment section below.  We would be glad to help you out. To show your support, share this post with your friends on Social media and elsewhere.

Thank you very much for reading!