Life is all about making the right choices at the right time. More so, when it comes to money matters as we stay in a world where most of our life is largely maneuvered by financial prowess of a person. With the changing global business environment it has now become all the more necessary to change your money saving tactics a bit when we have the neo-liberal economy dictating more and more stringent terms and conditions on all and sundry.
Saving money can appear to be an all the more fun filled task provided you know how to go about it. Learning the basics of it is therefore absolutely crucial especially for the beginners. Knowing the way the economy of a country functions can go a long way in shaking off initial reservations on how to start saving money. You need not mug up economics textbooks to learn the basics of it. With the online medium flooded with information collated from different sources it is now a child's play to learn how the economy of the world actually functions... [more]

We think we are saving money, but we've never actually sat down and done the math. You could be surprised if you did.
Here are the top five money saving myths that we fall for:
1. Savings accounts save us money
Having money in a savings account for emergencies is a good idea. It's easy to get to, but not too easy. But if you are looking to save money or make your money work for you, an old-fashioned savings account isn't necessarily the best way to go. First, you have to look at what you are paying out in interest rates. For example, if you have a student loan with a 5% interest rate and a savings account making 3% interest rate, your savings are costing you approximately 2%. You would be better off paying off that student loan with your savings account.
It goes the other way around too. If your debt has less of an interest rate than your savings, your money is working better in the savings. But with today's interest rates being so low, your debt is probably hig... [more]

Saving money for college can be one of the most daunting tasks in the lives of future college students and their parents. College fees are on the rise, and scholarships and grants aren't available to everybody. So getting a head start and saving money for college is vital if you want to get into the college of your choice.
Nobody wants to have their dreams of college hindered by the size of their bank accounts and similarly nobody wants to be thousands of dollars in debt. But the average student graduates college, almost $30,000 in debt. Saving money for college is therefore extremely important and the earlier you start the better.
This article will lay out 6 college money saving tips.
1. Set a target: You should start saving money for college by first deciding how much you will need to save. Estimating the price of tuition for when you or your child goes to college and then counting the interest you receive on your savings, calculate how much you might need to put as... [more]