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How to Make a Yearly Budget?

How to Make a Yearly Budget? Making a yearly budget is an important part of keeping our finances healthy. By making a budget we can keep a track record of how much you earn, how much you spend, and how much you save. By making a budget we can plan our spending. Making a budget also helps in making big purchases like a car or a house or any other thing systematically without disturbing our finances much. Making a budget also helps us in achieving our long term goals. It can also help us in limiting our expenses to only necessary things and not doing many extra expenses.  → List your sources of income Make a list of all your sources of income. Sources of income can include your job salary, business income, rent received from the tenant, dividend from stocks, income from tenant farmer, etc. Now when you are done with your list you can add them up and now divide them with 12 so that we can get the estimate of monthly income. → List all your expenses Get all your bills of the past 3-4 m...
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Budget 2021-2022 Summary

 Budget 2021 - 2022 Summary For the first time under such a pandemic and circumstances, the budget was prepared. This budget was the first budget of this new decade and was completely digital.  Last Year nobody could have imagined that the global economy would get slowdown and would see an unusual contraction. The Prime Minister declared "Pradhan Mantri Garib Kalyan Yojna"  within 48 hours of the declaration of a 3weeks lockdown. The scheme is valued at Rs. 2.6 lakh crore for needy people. In May 2020 Government announced "Atmanirbhar Bharat " package 1.0, 2.0, and 3.0 which is estimated at about Rs. 27.1 lakh crore which is more than 13% of India's GDP The budget depends on 6 pillars: → Health and well being →Physical and Financial Capital and Infrastructure →Inclusive Development for Aspirational India →Reinvigorating human capital →Innovation and R&D →Minimum government and maximum governance To develop primary, secondary, and tertiary care health system,...
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What is an ETF(Exchange Traded Fund)?

What is an ETF(Exchange Traded Fund)? After the popularity of mutual funds in the last two decades here came an interesting investing object ETFs. ETFs make an investment in stocks of a particular index in the same weightage as of index which it follows. In an easy way, ETFs can be said as mutual funds that can be traded like stocks. ETFs can be traded at exchanges and the price depends on the buy and sells of units. Eg. Nifty ETF. How does ETFs work? Firstly the AMC buys the stocks with the same weightage as of index which the ETF will be following. Then these shares are divided into small units so that they can be distributed among the investors. And finally, these shares are then allotted to the investors. In case of more demand, the AMC can issue more shares and in case of low demand, the people can sell their shares back to the AMC. And after the allocation is done the AMC(Asset Management Company) which sponsors the ETF will list  Read More: What is Nifty 50 and Sensex? How i...
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How to Make a Yearly Budget?

How to Make a Yearly Budget? Making a yearly budget is an important part of keeping our finances healthy. By making a budget we can keep a track record of how much you earn, how much you spend, and how much you save. By making a budget we can plan our spending. Making a budget also helps in making big purchases like a car or a house or any other thing systematically without disturbing our finances much. Making a budget also helps us in achieving our long term goals. It can also help us in limiting our expenses to only necessary things and not doing many extra expenses.  → List your sources of income Make a list of all your sources of income. Sources of income can include your job salary, business income, rent received from the tenant, dividend from stocks, income from tenant farmer, etc. Now when you are done with your list you can add them up and now divide them with 12 so that we can get the estimate of monthly income. → List all your expenses Get all your bills of the past 3-4 m...
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What is a Stock Market Crash? What is Bear Market?

What is a Stock Market Crash? A Stock Market Crash is a doubled-digit fall of stocks and eventually resulting in Indices' fall due to fear of the economic situation getting weak. This fear causes panic among investors so they start selling their holdings which crashes the market. Crashes make an impact on the economy. In stock market crashes significant amount of wealth is abolished. In stock prices faces huge fall(s) in a day or days like the one seen in recent times like the COVID - 19  Stock Market Crash, Sensex on 23 March 2021 saw a fall of 3,934 points(13.15%), and Nifty 50 fell 1,135 points(12.98%), Indices in these days saw huge falls because o which they ended at their lowest levels since 2016. But in less than 8 Months markets recovered. COVID-19 Market Crash COVID - 19 Stock Market Crash can be said as one of the biggest stock market crashes in history. Indian Incides(mainly Nifty 50 and Sensex) fell about 33% - 35%. 41 lakh in youth in India lost jobs. The unemployment ...
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