Search in Indianmoney's WealthPedia

Home Education Bad Financial Habits

For more knowledge from around the globe get Indianmoney App Now

Google Play
Education Image

Bad Money Habits: #4 Borrowing From Your Retirement Fund

Saturday, April 15, 2017, 7:34 AM

The purpose of a retirement plan is to finance your post-work years. Having a great retired life costs money. You got to collect this money in your working years. Without money, retired life can be a living hell. You will have no money for retirement if you keep raiding your retirement kitty. You cannot get a loan for retirement, so don't raid retirement fund.
Education Image

Bad Financial Habits: #2 Paying minimum balance on credit card

Saturday, April 15, 2017, 6:45 AM

Paying the minimum balance on your credit card, leads you to the money trap. You are saved from paying any late payment fees. But paying the minimum amount due, does not save you from paying interest, on the unpaid amounts on your credit card. The interest on the outstanding dues on your credit card can be as high as 2% to 3% a month.
Education Image

Bad Financial Habits: #2 Neglecting credit score

Saturday, April 15, 2017, 5:30 AM

Every financial step of yours will be recorded in your credit history. Having a good credit score is very important to avail loans and credit cards. If your credit score is less than 750, it is considered a bad credit score. Banks will not give you any loan if you have poor credit score.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
Get It now!

This is to inform that Suvision Holdings Pvt Ltd ("") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.