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How To Plan Personal Finance Better?

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Personal Finance Planning

Be it for an individual or a family, financial management is a very important aspect. Managing one’s personal finances is vital in order to save and keep various financial risks at bay. When we talk of planning personal finance, one needs to take into account a variety of things into consideration. Be it expenses, debts, savings, retirement, insurance, budgeting etc, one needs to understand all the topics well to make sure that a strong financial plan is put in place for the future.

With the start of the new year, take a look at these certain rules of Personal Finance planning that one needs to keep in mind if he/she wants to save some of their hard earned money by the end of the year and enable them to fulfill certain goals in the future:

  • Need to create a Budget: If an individual intends to plan his/her finances in a better way, the basic thing needed is to put in place a budget. Doing this enables the individual to know where the money is being spent. This helps them in identifying the areas where the money is being spent and enables them to plan their expenses appropriately. Budgeting helps individuals to cut down on unnecessary expenses and helps them to put their money in a place which will be rewarding in future. Prior to putting a budget in place, it is imperative for the individuals to be aware of his/her net worth and goals, assess their risk-taking ability as well as identifying the areas where to invest.
  • Save a certain percentage of the Monthly Income: When it comes to planning one’s personal finances in a better way, it is always beneficial to start saving a certain amount from the monthly income of the individual. This helps the concerned person to be well placed, in case there is an emergency. Doing this consistently also ensures him/her in achieving the future goals that they might have set themselves.
  • Securing oneself and the dependents: When one intends to plan his/her personal finances, the question of taking up certain risks do come up. And considering this the individuals must make sure that the risks which are taken are covered. By covering the risks, it enables the individuals to not only secure himself/herself but also the lives of his/her dependents. This can be done by buying insurance policies with regards to death, health issues and accidents. The insurance policies can also double up as investment options for individuals and can be quite beneficial in covering the finances for future goals by getting hold of endowment and child policies.
  • Get out of Debts: To ensure that one can plan his/her personal finances better, it is mandatory to get out of debts. Irrespective of how small or big the debt might be if one only pays the minimum amount due it can take a long time to clear the debt. This ultimately results in the individual paying a lot more money than he/she might have borrowed courtesy the high-interest rates.
  • Paying Taxes: Though many people view paying taxes as something that eats into one’s finances, it is not exactly the case. On the contrary, paying taxes can help in increasing the gains. To plan one’s finance better without needing to evade taxes, an individual can spit tax saving investments, tax payment and filing of returns into separate heads. Doing this at the start of every financial year will enable the individual in cutting down on the amount paid as penalties as well as maximize exemptions and deductions.
  • Monitoring Investments are mandatory: In today’s world, Investments form an important part of a financial plan for every individual. However, if not monitored well all investments that individuals make can go to waste. Hence, it is important to periodically review the investments either on a quarterly, half-yearly or annually. Doing this ensures that the individuals can take corrective measures with regards to their investments as may be deemed necessary due to the prevalent market conditions.

 

Apart from the above points, the most important thing that individuals need to do is to stay aware of the changes that take place around them. And with many online portfolio trackers and money making websites available, managing one’s personal finance have never been that easy. The recently launched BankBazaar app can also hugely beneficial for individuals in managing their expenses better by keeping a track of their transactions. The app also helps individuals by providing tips and advice on managing their finances and financial products which will serve the purpose of the individuals depending on their needs.

If you are one of those individuals who is considering to start planning your personal finance in a better way than in the past, you can consider the above-mentioned points discussed as well as download the BankBazaar App from Google Play store to get a head-start – DOWNLOAD NOW!

A Financial Advisor with more than 5 years of experience. Love sharing latest financial updates and quick financial tips!

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Here Is Why You Need to Make Psychometric Assessment A Part of Your Company’s Recruitment Process

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 Here Is Why You Need to Make Psychometric Assessment A Part of Your Company’s Recruitment Process

If you have finally realised that traditional methods of recruitment fail to select the right candidates for any company, it’s time you opted for something more specific and valuable than interviews. What are we talking about? Well, we are talking about incorporating psychometric tests into your recruitment process.

With a psychometric test, it is possible for an employer to predict the personality, mental reasoning, attitude, behavioural patterns, etc. of the candidates that have applied for the vacant job positions in their company. With the right psychometric assessment test, you can find the most appropriate employees for your company; and you won’t have to do with average candidates anymore.

So, have a look at these amazing benefits of opting for psychometric assessment-

  1. Psychometric assessment is essential for the identification of personality traits of the candidates. Psychologists say that there are six basic personality types under which most people fall. Social, realistic, enterprising, investigative, conventional and artistic are these 6 personality types. Now, you don’t need all of these traits for a particular job position. But to make sure the position you want to fill gets the right person with the right personality, you will have to be able to figure out the personality traits of the candidates that have applied for the post. Psychometric assessment helps you do this in an effortless manner. Which a good assessment, you will also be able to know whether a particular candidate will be able to adjust with the existing work culture in your company, and if their personality will clash with other personalities at the workplace.
  2. Personality assessment is important because it puts all candidates on a level playing field. With a psychometric assessment test, you will not just be able to figure out the suitability of a particular candidate for a particular role but will also be able to predict their behaviour. Besides, you’ll be able to find out the weaknesses and strengths of the candidate with respect to the job requirements. And the fact that almost all psychometric tests are standardized, gives you enough reason to opt for them. With a standard questionnaire, the applicants get the same objective and unbiased questions to answer. So, they don’t feel cheated on.
  3. If you thought psychometric tests could be fake, then you couldn’t be more wrong. There is no dearth of candidates who give misleading and false answers to questions just because they think doing so will make them seem more eligible for the job. Thankfully, this is not something candidates can do in a psychometric test. Good psychometric tests are constructed keeping in mind this possibility. So, false answers can easily be detected.

Psychometric tests are a boon to any company desiring reliable candidates for their vacant job positions. Hence, if you are looking for the best way to rein in good candidates, then using psychometric assessment would be ideal. A good psychometric assessment test will simply add validity to the entire recruitment process and you can be sure of hiring the best employees available out there.

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What is the zerobank and what it offers?

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Blossoming of the cryptocurrency as well as blockchain technology has motivated the pioneers of the present world. The technologies of today have brought about the opening of locked doors as well as it has led to the creation of new currencies. Even though the cryptocurrency has a huge impact on the global economy yet it is not recognized as “money”. It will take some time for the new market to get stabilize and the pioneers to figure out the way to compete with deep-rooted fiat currency. However, still the world economy is functioning by a legacy system of 164 authorized national currencies and the problem of exchanging these currencies persist till now.

What is Zerobank?

It is an innovative money exchange platform allowing the customers to make non-commercial transactions globally and also it launches its initial coin offering to the participants. This platform makes use of the smart contracts as well as blockchain technologies and aims to remove the traditional remittance as well as exchange systems.

It helps in peer to peer sharing of the economy and here, the earned money from the centralized organization goes back to the community. In addition to blockchain technology, this project makes use of the shared economy model. This model maximizes the benefits for the user who uses this system by cutting down all the intermediary costs from Money transfer organization and current banking. Zerobank offers an opportunity to its participants to become an agent as well as earn the extra money by bringing up the valuable services to the people around them.

ICO information-

The total number of security token issued is 1,600,000,000 ZB and the number of security token available for the sale is 640,000,000 ZB. The amount of this target sale is about 48 M dollars and the pre-ICO bonus offered will be 15%.

If you want to know further about the token sale then visits its official link. Zerobank has a team of the experienced IT members, the senior executive in top money exchange/ transfer, banking as well as financial service organization. Kai yee goh is the CEO who is also a senior executive in the transfast, united financial group, Harte-Hanks, PayPal and Western Union. Also, bao ly CTO, who is expert IT architect in financial and banking services, is present in the team. He has extensive work experience in consultancy as well as an architect as his work in the BNP Paribas Fortis, HSBC and AXA.

Other team members of the zerobank are also well-known individuals; the team of zerobank is working to disrupt the present exchange and money transfer services available worldwide. Hurry up and make use of this amazing platform today. Becoming the part of this platform you can gain various benefits and get solution to the traditional banking problems. If you are a tour guide, salesman, or student and searching for the job opportunity then this platform are made for you. Become the agent of zerobank today. Before using this platform makes sure you read its terms of use and policy.

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Diamond Power Infrastructure on a transformational spree with Digital India program

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India, being one of the fastest growing economies in the world, is witnessing a digital revolution. PM Narendra Modi has trotted out numerous programs to promote Digital India, ensuring digital inclusion across the country. On this note, Amit Bhatnagar Diamond Power MD, has digitally-empowered his company, in the field of manufacturing power transmission equipment.

Diamond Power Infrastructure Ltd, also known as Dicabs, was the first Indian company to manufacture alloy conductors and proto-test HSHC (High Strength and High Conductivity) conductors. Today, Dicabs is the only company in India, which holds a BIS mark certification for alloy conductors.  It also complies with the ISI quality standards for manufacturing all types of conductors.

The Vadodara- based company has also established India’s headmost ‘continual horizontal lead extrusion facility’, along with the ‘aluminum corrugation facility’ for cables (66KV). Dicabs is also ranked at the fifth position in the world, for manufacturing extra high-voltage cables up to 550 KV.

The homegrown companies are getting new opportunities to grow, as the Centre has reduced imports in the segment. India is on a transformational spree, and will become a hub for technology and innovations in the coming years. The initiative has already received pledges from Diamond Power Infrastructure Ltd and other corporate ventures, with investments worth Rs 4.5 lakh crore. This figure is expected to surge as the ‘Make in India’ campaign gains momentum.

Amit Bhatnagar Diamond Power

Amit Bhatnagar believes that quality and technology go hand in hand. Being a technocrat, he has always supported technology by reining on state-of-the-art technology for all business operations.

His ability to sense, envision and adapt to change pertaining to technology has been the company’s key growth driver, since the initial years. “With India progressing on the path of innovation and technology, Dicabs would unremittingly partner its journey towards successful frontiers. Simultaneously, we would continue to adapt to as well as lead the change through proactive investments in technology,” says Amit Bhatnagar.

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