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Life teaches you lessons more than that of you textbooks. And I believe in a little step further, that is Traveling teaches you more about life than anything else in this world. I have loved traveling, especially when it comes to road trips, these are my favourite kinds of travel. 

A journey that lets you be you, in your comfort zone, your effort of being in your space, your timings – basically you being your own guide! And when it comes to road trips – a car is your best friend. Post marriage, my husband and I have loved exploring places, during our weekends with a road trip. Despite having our own vehicle at times, we preferred hiring one on rent in order to experience different kinds of cars and their comforts. And post our kids this exersise has been fun too. Every now and then, I do come across certain applications, some car services and related ventures. Similar one was that of https://www.carpaymentcalculator.net

You might be aware of certain second car, new cars re-seller apps. These platforms offer you their own algorithm, and calculation methods – if you want to search for a car that fits in your budget. Now, since I already own a car, I was curious to check this site, as I love to grasp knowledge from here and there, and everywhere. So, the curiousity led me to their cars payment calculator. When I clicked on the website to check the user interface and the ease, I was shook. The ease to find a car is impeccable. A layman like me, who would definitely run to my husband for such calculations, I was able to find results which just blew my mind. 

Let us begin from the beginning. If you are someone who loves traveling like me, or loves to go on a road trip with your self-owned cars, this is one website that will fetch the major answers. When deciding to buy a car the first thing you look into is the price. Does your budget fits in the car or type of car you want to buy. Rather what could be the possibile EMI or monthly budget you would want to set, to buy a certain car.  Correct? 

This calculator from https://www.carpaymentcalculator.net will help you get that exact number of amount that you have to invest in.  During the pandemic we have seen all, like quite literally. The effect of COVID-19 on employment, the difficulty in transportation and commutations, the increasing fuel prices and a lot of other things has been a routine setback. So, post this situation and all though accumulated, you need to be specific or have a broader area of the amount you need for buying a car. 

There are times when you prefer using a small car, rather than opting for huge one, especially for the budget constraints. Let’s take it this way, if you want to buy a 15,00,000 car, so that’s your budget. But then you come to know that you could afford a used car but one that was way out of your budget in the same amount. What would you prefer? If everything is fine with the used one, there are chances you could look into the used one.  Now, the calculator https://www.carpaymentcalculator.net works in the same way. It offers you calculation for any scenario – new or used car, trade in, no trade in, etc. 

One of the highlighting features of the website is such that it allows you to link to a specific calculation, now this is possible when the results are already filled in. There is a link that appears as your calculated results, all you need to do is press the calculation button. Anything that is quick and hassle free is a thumbs up. Therefore, this is one thing I noted is that the results appear instantly. Additionally, the effort to calculate car price that fits a monthly payment or loan payment amounts, printable amortization schedules, etc.

I have used random calculators available on the internet, but never been happy with the uniqueness and quick results. There’s often a loop hole, somewhere or the other. 

Additional features of the websites includes:

  1. figuring your MPG 
  2. calculating your fuel budget 
  3. exploring the cost of underwater trade ins.
  4. saving money with bi-weekly payments 

What intrigued me was the calculation of your fuel budget. Like what? You could get an approximate value of the out of fuel would you spend! That’s amazing. I would always do mental maths when we plan a road trip! And now I do not need to get my head into this and simply put in the details and voila! I have the fuel budget right in front of me. 

There are other calculators available on the internet, where one might be able to do similar things, however, I have never been impressed with the ease and the interface. 

I swear, next time my husband plans a random road trip to surprise me, I will surprise him with my fast calculations using the calculator! I am sure he will be surprised by the results and my quick wit! 

What is IPO?

We all have been hearing so much about the IPO’s off-lately. People are talking and raving about it left, right, and center. But what is an IPO? What is the hype about it?

An IPO is an initial public offering that is open to people when a start-up or any organization decides to go public. In short common man can buy their shares from the stock market. Now, when I was looking up to know more about the entity, I was a little surprised to see the number of e-commerce platforms coming up and showing tremendous results. We all are well-aware of the Nykaa and Zomato IPO hurrah, right?

Flipkart is one of the most promising e-commerce markets in India. It has driven a lot of traffic and made numerous customers. It is definitely a pioneer in the e-commerce business in India. E-commerce is not just receiving a lot of traffic but eventually has proven to be the barrier to employment. From the delivery persons to the marketing, and customer care personnel. The employment rate has increased tremendously and played a handsome role in promoting the same. Flipkart is one of those platforms.

Zomato, a food-based e-commerce platform came into the limelight when it was subscriber 38 times. While the other amazing start-up that shined itself in the dark was Nykaa, which was subscribed whopping 80 times! Woah. Now, what do we see common in these two specific IPOs? Yes, they both are e-commerce platforms. We all are aware somewhere that digital is playing a tremendous role in today’s time and IPO is one of the sectors where it has shown amazing results.

So, if you are planning to buy an IPO, here are something that you must keep in mind.

  • Check the past performance, before investing:

This is one of the most common rules before you are investing in any asset. Doing a thorough background check of the company you are about to invest in. Take Nykaa as an example, where you can observe that the company was enjoying success. It is important to know about the basic numbers in the financial market, of how the coming was performing.

  • Assess and evaluate the company:

Now, post you have known about the company’s individual financial know-how. It is time to compare it to its peers. This way you get a fine idea of where does the company stands.

  • Read the prospectus carefully:

When I was initially applying for the IPOs, I too was not aware of what is with the prospectus? But in order to understand the company’s financial status, the prospectus would be a Bible to you. You come to know about the company details, the past performance and overview summary.

  • Don’t fall for the Hype: This is the most important step! Beware of investing anything that is being hyped. Paytm, the e-commerce platform for digital payments was one hype that targeted a lot of people. And today, the share prices of Paytm have reached almost half their price!

So, this is what are the things to be kept in mind while you invest in an IPO. Today a lot of e-commerce platforms are becoming public. So, you need to be very wise in what to put your money in and where not.

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Personal finance for housewives – Save, Invest and Manage your Money better!

Learning about finance and taking control of our own personal finance has now become like a basic necessity. No matter how much we try to ignore, the subject of money is a crucial one and we all, especially women, must make ourselves financially literate and avoid being heavily depended on our spouses for the same. So, here in this article, I wish to discuss all the aspects of personal finance for housewives and homemakers. You may or may not realize that your contribution in running a household is huge! If you take control of your spending and saving habits, you can witness a massive transformation. Yes, learning a little bit about SIPs and Schemes for women that various intuitions provide can help you big-time to grow your money.

A penny saved is a penny earned!

Before diving into any of the other money making or investing ideas, the first and foremost tip in managing your personal finance as a homemaker is saving. Yes, hold your cravings and reduce unnecessary expenses which lead to crash crunch every now and then. Prepare a list of your needs and expenditures so as to get a vague idea of how much do you need in a month and save the rest. This list will help you control any extra splurges and impulsive expenditure. You can also set a goal of saving a set amount of money and try to reach that goal every month. Open a savings bank account if you already do not have one and monitor your savings while you earn the interest.

Home makers are best accountants

Easy SIPs:

These days, SIPs or Systematic Investment Plans are considered one of the best investing options. It is a mode of investment with mutual funds but is a lot better when it comes to market risks. SIPs are generally low or nil risk investments where you can invest a said month every month/ quarterly for a long tenure say 10 or 15 years and save a good corpus. It can be as small as saving INR 500-1000 per month which is easily achievable for homemakers. SIPs’ gives a lot of returns and are much better than Fixed Deposits or having a regular savings account. When talking about personal finance for housewives, SIP just tops the list.

Mutual Funds:

Another interesting investment idea is to get into the Mutual Fund. You can take help from a broker or a friend who is into stocks and bonds to start investing in good returns. To explain mutual funds, it is just letting an expert handle your money and invest in stocks rather than you taking all the trouble. Mutual Funds of big and profitable companies and top Banks among others ensure good returns. You have the option to choose from multiple schemes which are best suited for your needs.

Gold Schemes:

This is one of the most popular investment options when it comes to personal finance for housewives. All the top gold jewelers and brands offer some or the other schemes for women. One of which in trend states that the customer has to pay 11 installments of a said amount and the 12th installment is paid by the gold brand itself so as to attain the desired jewelry in return. Another thing which you can do is buy small portions of gold every now and then with the saved money you have got and later convert it into a great jewelry design.

Women-centric bank schemes:

There are multiple schemes that bank run for women. Here is a very useful article by bank bazaar that talks about all the accounts and schemes that banks offer for women.

Government schemes:

There are many schemes by the government for the welfare of women. For homemakers, for entrepreneurs, and for working women, here are some useful schemes: Cent Kalyani Scheme, Mahila Udhyam Nidhi Scheme, Annapurna Scheme, Stree Shakti, Orient Mahila Vikas Yojana Scheme, Dena Shakti Scheme, India Post Schemes. You can avail the benefits for these by applying for them.
Apart from all these ideas, you must track your expenses and income in order to have an equilibrium on the financial front. As homemakers, you basically run a complex system which is your own house. So, personal finance for housewives is a subject which everyone must learn more about and start growing and saving your money by taking control of it and investing smartly. You can also take loans for your business which you started as hobby.

If you have any other ideas, do leave it in the comments below for the benefit of other readers!