Monthly Archives: August 2017

Time-tested financial management tips that will help all

Managing the finance effectively is becoming a complicated and tough task. Individuals those who are making huge money do not know where to invest their money and bring-in profits. There are areas where rich people can invest their hard earned money like banks, stock, commodity, insurance and mutual funds and multiply their money. People generally feel that only banks and star rated financial institutions provides best rates of interest for their investments which is only a perception. Investors can also make quick money when they open share account in leading banks and invest their income in different types of shares.

There are interesting topics, blogs and articles that are related to stock trading on this site which will provide valuable info to the visitors. There are different types of shares like equity, preference and debt market and only experienced stock brokers will be able to guide the investors properly. There are unregistered institutions which are luring the money of innocent investors. Do not fall prey to these types of investors those who swindle the money of the commoners. People those who are new to investment should widen their knowledge by reading articles and news that are related to finance management. There are reputed financial houses which have well-trained consultants those who will support the first time investors in several ways.

Tips that will be of great help to first time investors

Visitors those who are new to this site will find series of Personal Finance Tips that will be of help to the first time or amateur investors. Salaried class individuals should always allocate their money properly after considering their future necessities. They have to understand their future financial requirements before investing their fund.

Citizens should always make it a point to invest maximum amount in investment portfolios which will give best returns after few years. Investors should consider both short term and long term allocation of funds. Consider children education, marriage and medical expenses as short term objectives and pension and retirement expenses as long term objective. This way an investor will be able to bring maximum cash to their wallet.

Pros and cons of lending or borrowing money from friends and relatives

Every man and woman is working day and night to earn money for a good future. The middle-class people are not looking for a luxurious home or a four-wheeler instead they want to live a life with no loans or debts. But this is not possible. People get things that are essential for day to day life and these items tend to go beyond their savings amount. This is when they try to get loans or borrow money from people. Borrowing money is no offense unless it is not repaid. Banks have a lot conditions and pre-requisites to get a loan. They need documentation and paper work to make sure the person is financially stable to repay the amount. And hence people who have less credit score choose money lenders. Money lenders are group of people or an individual who lends money to those who do not quality for bank loans. They do not have many conditions to lend money but a few basic ID proofs are needed. But money lenders can be annoying if they are family members or friends. There are many people who borrow money from friends and family members. There are many disadvantages of lending money to them.

Disadvantages of lending or borrowing money

Money is a prominent factor which is essential for the day to day life activities. Loans between friends and family can result in unexpected problems. This is because, the loans appear to be open ended with no agreements mentioning the date of return. Without the threat of penalty, the borrower has no urgency in repaying the money. Family gettogether become awkward, as the lender and the borrower cannot face each other. Sometimes the borrower becomes a servant to the money lender. He might be asked to serve the lender in all the ways possible. The borrower can also ask for more money which cannot be given when the previous debt is still pending. To help on these awkward situations, people can read more about licensed moneylenders. It is better to get loans from a third-party money lender than friends and family.

Licensed Money lenders

Jefflee credit is the ethical licensed moneylender in Singapore. They have licensed service in Singapore with the perfect documentation and agreements. They are completely authorized and timely updated with updates from the moneylenders Association. There are other websites like the global credit waves and expressloans. Global credit waves are the legal low interest moneylender in Singarpore. Borrow from licensed money lenders so that embarrassment within the family due to failed repayments can be prevented.