How Much Personal Loan Can You Get on 30,000 Salary?

With the ease of borrowing offered by instant personal loans, people from a variety of financial backgrounds can now fund their short term and long term goals with ease. Having said that, the loan amounts offered can vary on the applicant’s monthly income.

Taking personal loan

If you are an individual with a monthly salary of about Rs 30,000, here is what you need to know about what determines your personal loan and how much personal loan you can receive.

What Affects Your Personal Loan Amount?

Before delving into how much personal loan can be sanctioned for a salary of 30,000, let us take a closer look at what determines your loan amounts in the first place.…

Continue reading

Budget Preparations Needed to Start a Business Today

In order to make money, businesses need to first know how to spend it. For first-time entrepreneurs who are planning to start a business venture, it’s crucial to create a business budget to ensure long-term success.

Budget preparation for startup

Photo by Karolina Grabowska from Pexels

A common mistake small businesses make is starting without a financial plan in mind. Going with the flow isn’t such a smart move. Preparing a budget, in fact, helps a business avoid debt, be more profitable, and be more prepared for the future.

Breaking Down the Key Budget Components

Here is a breakdown of what makes up a business’s budget, which includes revenues, costs, and cash flow.…

Continue reading

5 Things to Learn Before Investing in Cryptocurrencies

Interest in the digital coins has been on the rise since 2017. There was an impressive Bitcoin rally that rose by a margin of 300% from February 2019 to June 26, 2019. The increase from $3,130 to $13,800 can be attributed to the interest growth on the part of consumers.

Cryptocurrency investing

Several studies have proved that younger investors and millennials are increasingly becoming skeptical of the traditional financial institutions and banks due to the 2008 financial crisis. This is actually one of the reasons why we launch our own cryptocurrency and blockchain info site Cryptofic. Around 40% of this demographic says that they look forward to investing in cryptocurrency soon.…

Continue reading

Debt and Payment Collection Advice for Your Small Business

When you’re a small business owner, every penny counts. And when you have customers or clients who have failed to get their payment to you on time, it’s enough to make any business owner a little anxious. You have bills to pay and want to progress within your industry, but at the same time, you’re worried about alienating the small number of clients you already have.

Debt collection meeting

It’s a difficult situation to be in. But unfortunately, one that’s incredibly common!

It’s important to remember that there are often two kinds of debtors. Some clients may have simply forgotten to pay either through poor organisation or by error.…

Continue reading

The Importance of Comprehensive Car Insurance

Many of us have to purchase auto insurance at one point in our lives. However, before you contact your insurance agent, it is always a good idea to educate yourself about the various types of coverage that may be included in your policy.

Choosing car insurance

For example, comprehensive insurance generally covers your vehicle if you’re a victim of theft, fire, vandalization, or a weather incident and when paired with collision coverage, it is often referred to as having full-coverage insurance.

Before you purchase personal or commercial car insurance, here’s what you need to know about comprehensive coverage.

What is Comprehensive Coverage?

In simple terms, comprehensive is first-party coverage that generally pays to repair or replace your vehicle if you’re involved in an incident that isn’t part of a collision.…

Continue reading

What’s the Best Way to Preserve Wealth? Gold or Bitcoin?

The COVID-19 pandemic has affected the world in many ways. Many people are forced to stay at home, imposing self-quarantine and social distancing rules to contain the spread of the virus—but that’s only one of the effects of the virus.

Wealth preservation during the pandemic

The crushing effects of the pandemic on the economy

It’s no secret that the American economy is dealing with devastating repercussions from the spread of the virus. Industries are suffering heavily—entertainment, retail, travel, education, and hospitality, to name a few. Alongside the social distancing laws being implemented, what does an average American have to do to protect himself/herself financially?

As a result of the recent market crashes and downturn of the economy, some Americans are feeling insecure about the value of the U.S.…

Continue reading

A Definitive Guide to the Best Sales Tax Software for Small Businesses

Only five US states don’t have sales tax. If you operate in any of the other 45, then you’ll need to spend some time collecting and accounting sales tax.

Businesswoman using sales tax software

photo credit: Andrea Piacquadio / Pexels

Today’s technology can make dealing with sales tax a lot easier for small business owners like you. The right software can make a world of difference.

Ready to get started? Use the guide below to discover the right sales tax software for your small business.

The Contenders

There are plenty of sales tax software choices out there. Some of them are geared at big businesses, while others are more focused on small business.…

Continue reading

5 Tips for Better Retirement Planning

We all want to make sure that we are fully-prepared for retirement. While it can often seem so far away, retirement can soon come creeping up on you.

Retirement planning

So how can you plan for your retirement a little better? How can you make sure that when you’re 70, for example, that you have enough pension to survive? Don’t worry, this article will show you how you can plan for your retirement a little better.

Start Planning Today

If you’re worried about not having enough money for your retirement you need to start planning. The sooner you make a plan, the sooner you can start to contribute to your retirement.…

Continue reading

How to Choose the Best Commercial Insurance in the ‘New Normal’

The world of commercial insurance has changed. The current pandemic has meant that normal working practices have been shelved. Fewer employees are working in the office, if at all, and companies have had to think about new ways of working.

Getting commercial isurance for your business

When it comes to choosing the best commercial insurance for the ‘new normal’ you’ll need to re-think. Perhaps you no longer need the same kind of commercial insurance as before. Perhaps you now need commercial insurance that covers things you never thought you’d need to worry about. This is where this article can help. It contains tips that can help to choose the best commercial insurance in the ‘new normal.…

Continue reading

What Are The Traits Of A Good Investment Opportunity?

Investors around the world spend millions every single year injecting capital into businesses with potential. Some of these businesses are large corporations, others are SMEs that are showing growth in the early stages. For any investor, there are a few things that must be considered in order to determine whether an investment opportunity is good or not.

Analyzing investment opportunities

photo credit: Pixabay

Below, we are going to look at some of the common traits of a good investment opportunity. Read on to find out more.

Long-Term Viability

No investor is going to inject their money into a business that does not have the potential to last for a long time.…

Continue reading