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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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12 Ways Criminals Can Steal Your Bitcoins

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There is a large amount of bitcoin scam has been an increase from last two years. For that reason, we are here to provide some information regarding how criminal hack your bitcoin.

  1. Ransomware

Ransomware is the most profitable as well as the common practice of cyber-attack. It is becoming popular in the hackers because of its effective result as its function is too decentralized payment system.

So firstly you need to understand, what is Ransomware? It is a type of virus that will encrypt all your files. Then this program will give you the choice to pay a certain amount of money for the purpose to decrypt the files. This is very famous due to its effectiveness. Hackers usually target such enterprises that are always available to their clients. Essentially, Ransomware allowed hackers to snip millions of Bitcoin.

  1. Fake wallets

Another method that Criminals use is fake electronic wallets. Hackers can steal the user’s Bitcoin wallets who do not focus on originality of wallet. Fake wallets are the apps that originally look like a real wallet and allow the bitcoin owner to steal coins. Hackers search for the new or less experience bitcoin owners for that criminal act.

Even Some fake wallets have been shown in Apple’s App Store. People prevent themselves from this hack by not to download anything from the unreliable source

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  1. Scam ICO Campaigns

ICO, the short form of Initial Coin Offering, it is a kind of crowdfunding process that is becoming famous among hackers. It has a team behind particular project who will publish an ICO for selling token for that project in exchange for bitcoin or any other cryptocurrencies. So what hackers do is that they try to trick the stakeholders with the fake projects. They introduce an ICO campaign to snip your bitcoins. So for the save side, do not attract with its visuals but go through the project documentation and assure that you cannot find any doubtful details.

  1. Hacking Bitcoin Mining Pools

Hacking Bitcoin mining pools was mainly the first approach that is used to snip the cryptocurrency. Professional hackers can used your ISP infrastructure and machines to mine the bitcoin for themselves. They have control on your machines and able to destroy all your system. All bitcoins owners were not know this criminal act until it is occur.

  1. Copy Private Keys

Private keys play a significant role in the cybersecurity. And every bitcoin owner have its own cryptographic key which they use to acquire digital wealth. Private Key contain the strings of symbols, numbers and alphabets. Which lead to the password for your personal Bitcoin account. Normally hackers do not prefer to target single bitcoin owner but they target websites that contain thousands of private keys. It is also found that for this criminal action hackers can take the help of staff in the database department by doing harassing and other ways.

  1. Email Phishing

Phishing is actually a way of mining confidential information from the bitcoin owners. Hackers usually do this through E-mail phishing and through fake websites. Hackers try to dig out sensitive information from owners by given link to login for an exchange money or for online wallet.

Hackers will send an email to the users that are official and want to buy a domain name that is almost same to the real website. Also, try to trick with the inexperienced owners which result in loss of bitcoins forever. Hackers can use this technique because it is very effective.

  1. Stealing Email Passwords

Sometimes hackers just required to get your email password anyhow for further process. They just enter your email and scan and read all the emails from your inbox and outbox. After scanning their aims is to find out all the possible information related to bitcoins. So do not save any sensitive information on email that hackers can get and harm you. Also the precautions is not to open your personal email account other than your PC. 

  1. Fake Websites

Fake websites work similar to email phishing. But the difference is just in this email do not use fake email messaging but actually they used fake web pages that exactly look like real websites but damage you at the end. When a user visit such websites, the build in program will ask you have password and personal information. This way they access your bitcoin database. The only precaution is do not open any kind of sensitive data in such websites.

  1. Fake Bitcoin Casinos

Most bitcoins owners love bitcoin casinos but be careful there are various number of fake bitcoin casinos has been develop rapidly. In the starting they grab players to their casinos. When they start playing and reach to the certain amount of bitcoins they will turn off all functions and keep your bitcoins.

  1. Pyramid Schemes

Pyramid schemes is also known as Ponzi schemes. Such types of hacking occur in banks but now shift in digital currency. In this they try to convince investors to invest money on their projects as well as invite more people. The new investment is used to pay the old investment and the cycle is gone continuously. This schemes of invest sometimes come small or sometimes large schemes offer. The similarity is they promise to give high turn over your investment, but this does not happen. 

  1. Fake Cryptocurrencies

Emerging a brand for a new cryptocurrency is highly demanding as it required a team of experts. Their function is to convince the bitcoins owners to buy some units of successful cryptocurrency. Such fake schemes are come up with the nonsensical promotion such as the price of coin will increase to X times when return to you.  This sound very stupid but many users become the victims of it and lose their complete lifesaving. The most popular fake cryptocurrency nowadays is OneCoin. .

  1. P2P Exchange Scams

Peer-to-peer exchanges are not anything new in Bitcoin trading but it is another technique for criminals to snip your huge saving. They used medium like PayPal account and credit card to hack the bitcoin users when the owners performing a P2P exchange. Such payment exchange method hackers can dispute the bitcoin owner transaction and gran their all bitcoins.

To avoid such crime only sell the bitcoins to the well-known traders and clear all the terms of chargeback payment method. Keep in mind bitcoins owners who save their private key from being hack will control their bitcoin.

Author Bio:

I am a experienced professional in my field, with more than a few existence experience following me. I have an established success record; with focus on planned, content writing projects TopAssignmentService.com He is also spending time social media.

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Intel’s 8th-gen Core processors won’t be revolutionary

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It’s clearer than ever that the days of tick-tock Intel chip upgrades (new process one generation, new architecture the next) are long gone. Intel has revealed that its 8th-generation Core processors, due in the second half of 2017 will once again be built on a 14-nanometer process — yes, for the fourth time in a row. The company is shy on what these new chips will entail, but it’s claiming that it’ll manage another 15 percent performance improvement (in SysMark tests, anyway) like it did with the 7th-generation Core designs you see now.

AnandTech notes that the upcoming refresh might focus more on the low-voltage U- and Y-series chips you see in very thin and light laptops, just as you saw with the initial 7th-gen processors late last year. That has yet to be confirmed, however.

One thing’s for sure: when Intel’s long-delayed 10nm processors finally do arrive, you won’t see a wholesale switch to the new technology. Intel says that future process uses will be “fluid” depending on the segment they’re targeting, and that data centers will get first crack at these upgrades. Don’t be surprised if the Xeon line gets first dibs on 10nm, then, or if only some mainstream chips make the leap at first.

The decision might be necessary given the challenges of shrinking large CPUs down to a 10nm process, but it’s likely to leave Intel feeling nervous. After all, mobile giants like Qualcomm are releasing 10nm processors this year. While mobile tablets probably won’t outperform most laptops any time soon, this could narrow the gap enough that you might be tempted to skip buying a conventional Intel-based PC in the right circumstances.

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How To Make A Successful Application For Your Loan Against Property?

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Loan against property

Loan against property is one of the popular ways to meet your financial requirements without selling your piece of land or jewelry when in dire needs. Under LAP (Loan Against Property) you offer your property in the form of a house or plot as a collateral that makes it a secured loan.

Today, there are leading private finance companies and banks who offer LAP at attractive interest rates, low processing fee, and flexible repayment options. For instance, there is HDFC housing finance, India bulls, L & T finance, etc. who are pioneering in the sector. But before you send an application to get a loan there are few things you need to know. So, let’s understand these things and make your LAP application a successful one:

Property Value & Age

The maximum loan amount you get qualified for depends on the property value and its age that you would be offering as a collateral. For instance, if your property is in metropolitan and has been recently developed you’ll get more money compared to suburban areas and one in old building construction. The market value of the property plays a major role in deciding your loan eligibility.

Credit Score

Whether you want a secured or unsecured loan, your credit score will always be reviewed well to adjudge a loan amount. If your score is above average you’re chances of getting Loan against property (LAP) is higher as well as you can negotiate the interest rates. While a bad score can affect your loan amount as well as hamper interest rates. To minimize the risks you can clear all your existing debts, build a good score and approach the bank or finance company for the loan. You can improve your credit profile by getting a co-applicant as well provided their score is better than yours. It may increase the odds of your loan approval.

Loan Repayment Capacity

Naturally, when the lenders are giving you a loan they would like to know your repaying capacity. Your number of dependents and prior financial commitments also come into the picture. They need to assure that you can comfortably pay the loan EMIs and on time.

They will check if you run a business or earn a fixed monthly salary. If its business how old and established the business is? How long have you been working? When was the last time you changed jobs? They will mull over questions to find if you’re able to repay the loan without problems. So, if you start a new business or joint a job recently, your credit profile looks risky for them.

Ownership of the Property

Having the full ownership of the property improves your chances of loan approvals easily and without hitches. Partial ownership has a chance of raising dispute between the applicants. They might not come to a consensus on a particular point and it may create a doubt in the minds of lenders.

Loan Tenure

If you have applied for Loan against property, your tenure would be an important thing to consider. Because longer the tenure higher would be the interest rate you are going to pay. Shorter the tenure more will be your monthly installment to clear off the debts. So, lender will consider your repaying capacity else you may have to shell out more from your pockets.

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