Under the Income Tax Act, 1961, Section 80EE is one that provides income tax benefit on the interest portion of the home loan availed by the taxpayer from any financial institution. According to this, interest paid on the home loan can be availed as a deduction from the total income of the borrower, subject to the specified upper limit. This […]

When buying a car, you need to have an idea of the kind of car you want to purchase and roughly how much you’re looking to spend. The next question that might pop into your head is whether you’ll be getting a new or used one. This decision-making is the most common concern that a […]

If you’re already struggling to make ends meet, the last thing you want to think about is putting away money for your retirement. That period seems far off, so you don’t have to worry about it now. But hold your horses! Retirement will spring up on you sooner than you think. Every person will get […]

Saving money in this day and age is more difficult than ever. It seems like the more money you make, the more you have to spend. Most Americans these days are living paycheck to paycheck even though they make decent money. Why is it so hard to save money? Well, it does take some effort, […]

Personal finance is a simplified version of corporate finance – but it’s important that you take this responsibility seriously if you’re to lead a fully-independent adult life. For a start, it may help to think of yourself as an institution. You need to plan financial objectives for yourself, manage your income and control your spending, […]

As you may well know; dental work can be an extremely expensive business and when you’re trying to work to a reasonable household budget, sometimes the only option is to put your dental work on hold until you can afford it. However, as the health and wellbeing of yourself and your family should be of […]

Medical expenses are often difficult to manage effectively because they are both costly and necessary. It’s one thing to forgo buying a new laptop or mobile device in order to maintain a new budget; it’s quite another to put off a medical procedure or operation. If you’re feeling overwhelmed by healthcare costs or medical bills […]

So, you want to book a trip soon, but you don’t know where you want to go or how to begin saving money for it. You’ve certainly come to the right place! Learning how to budget is an art, but once you know how to do it, you can use it for any aspect of […]

Money management doesn’t work if you simply don’t have enough. Sometimes the solution to not having enough at the end of every month and overwhelming debt is to get a new and better-paid job. With that being said, you may be at that point where you realize you aren’t earning enough and want to increase […]

We all can relate to how hard it is to keep our spending in line with a budget, or even make a budget in the first place, especially if you’re not in the habit of following one. For some people, not sticking to a budget isn’t too much of a financial ‘sin’ as they might […]

Food expenses usually take up most of your monthly budget. The food budget can often get out of control when you tend to get excited about the meals you plan to make. Grocery stores are filled with temptation because food items on the aisles are enticing. It is crucial therefore, that by the time you […]