What are Market Indices ?
Stock market indices are ubiquitous. People come across these indices almost every day. However, many are not aware about their existence. For instance everyone knows about NYSE, NASDAQ, FTSE, NIFTY etc. However, few are aware that they are referring to stock market indices when they talk about the markets going up or down. The New […]
Challenges Faced by Commercial Banks
Commercial banking has been around for a very long time. Ever since the birth of corporations more than three centuries ago, banks have been providing services to large corporations in one form or the other. Over the years, the commercial banking model has been relatively stable. Of course, with the passage of time, newer and […]
Why Do Mutual Funds Lend To Promoters?
After the banking crisis, the Indian capital markets are facing another dire situation. It has recently come to light that many mutual funds have been lending money to promoters of companies. It needs to be understood that these loans are not being made to companies but rather to promoters of companies. The problem is that […]
History of Modern Banking
Banking in old times was not the tightly monitored and tightly regulated business that it is today. Instead, earlier banking was completely a free market operation. Any entrepreneur could enter and exit the banking business without any restriction or licenses. In this article, we will trace the evolution of banking i.e. how banking changed to […]
Merchant Cash Advance in the Retail Sector, Its Advantages and Disadvantages
The retail sector has some unique financial needs. There are various types of retail establishment across the world which use different types of arrangements to fund their day-to-day capital needs. The larger and more sophisticated retail chains have access to formal loans from banks. However, this may not be the case for small and medium […]
Whether you’re a business or an individual, you have to find a way to manage your finances now and in the future.
The cost of everything continues to increase and there’s no sign that this trend of price increases will stop anytime soon. As a result, all entities have to develop a financial management system to ensure their stability for many years to come.
This system has to provide the businesses in question with enough flexibility for them to continue to grow and pay for their necessary expenses. It also has to be stringent enough to allow for money to be put away in the event of future catastrophes.
In the case of a business, all expenses have to be prioritized in the interest of spending money on the right things.
When it comes time for cost cutting measures to be implemented, they have to be come with consequences in mind. Everything that’s done to cut costs has an end result once it becomes a common procedure.
You have to ponder whether you’re cutting enough or you’re cutting too much. Work has to be done to ensure that cutting individuals from the workforce is the last possible resort. Odds are there are expenses that can be sliced without having to touch the workforce.
Individuals in the private sector have to manage their finances in the interest of being able to acquire credit.
A person’s credit score can affect every possible aspect of their life. The biggest issue currently impacting the financial future of most people is the regular use of high interest credit cards.
Most retail establishments try to push their credit card on their customers on a regular basis. These cards should only be used for small purchases that can be paid shortly after they have been completed.
Financial management is a challenge in a world where spending is seen as the key to getting ahead.
You have to exercise the utmost level of restraint if you want solvency to be in your future. Once you have established an effective budget, your worries about finances will become a thing of the past.
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