Watch Your Savings Grow With the 80 - 20 Rule

Saving money is an important part of personal financial management. The other part of the equation is to keep your spending under check. With that in mind, there is a way to simplify personal financial management by following a rule of thumb simply called the 80 - 20 rule. The rules say to put away 20% of your income and save it somewhere with the remaining 80% used to pay for necessities and other discretionary items. It is an uncomplicated way to budget and this puts a portion of your income into savings. Paula Pant derived the idea for the 80 - 20 rule from Harvard bankruptcy expert Elizabeth Warren and her daughter Amelia Warren Tyagi. The mother and daughter team discussed the 50 - 30 - 20 plan in their book “All Your worth:...

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Business Insurance –3 Tips to Choose the Best Insurance

Does your business really need business insurance? Do you have business insurance? – No, not yet, then have one now. Have a proper insurance for your company and its assets. However, if you have insurance and suddenly your insurance company goes under what will happen? How will that sudden downfall affect your company? Better Business Bureau often answers to all these questions on what happens to policyholders’ coverage, if the insurance company goes out of business. To make your business stay stable even in recession or downfall, business insurance is the most realistic approach. However, just acquiring business insurance is not enough you need to know, how to make better use of it. Here are some important tips to make you...

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Why a Good Credit Score is Important for Loan Application?

Credit history plays a vital role in the approval or rejection of your loan application, whether you are planning to buy property, car or any other vehicle. The following article talks about the important role played by credit report in your loan approval process. Read more to know… When a person plans to buy property, it becomes imperative to arrange for finances before finalizing on anything else. This is the time when the need to maintain a good credit score and credit history arises. In today’s economy, it becomes challenging for a person to get loan approvals easily. Since most of the money lenders and financial institutions follow a strict process of verifying the loan application forms, a good credit report becomes the most important...

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