Millennials' Guide to Financial Freedom: A Step-by-Step Roadmap to Financial Stability

1 day, 17 hours ago

What’s the best way for senior citizens to get a credit card?

Most major banks have a cut-off age of 60 for credit cards, with a few allowing those up to 70 years of age to apply for one. This prevents many senior citizens from getting credit cards even if they fulfill the income and credit score criteria. Sumanta Mandal, founder of Technofino, an online platform that helps consumers compare and choose …

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1 day, 23 hours ago

Secured vs. Unsecured Credit Cards: Which type fits your financial needs?

Live Mint

A credit card is a financial tool accessible to many, unlike the common belief that it can only be availed by people with good credit history. Disadvantages of secured credit card Limited credit limit: The credit limit is determined according to the fixed deposit in a secured credit card, which is 75% to 85% of the total amount. Time-consuming process: …

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1 week, 4 days ago

Credit card: How paying more than the minimum can save you money

Live Mint

Credit cards are a great way to make smart payments and earn rewards and great offers on your favourite brands every time you make transactions from your credit card. Credit cards come with a feature of minimum repayment amount that you can use if you have a financial constraint and for some reason are unable to make full payment of …

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1 week, 5 days ago

Why do we spend more with credit cards? The hidden psychology behind it

Live Mint

Credit cards offer you great rewards and cashbacks through which you can maximise your savings and spend smartly. Credit cards make the payments on your behalf while you do not have to worry to spend cash until the due date of the billing cycle of the credit card. Rewards programs: Credit cards provide you with reward programs which include cashbacks, …

Credit Card Credit Cards Spending Way Cards Spend Avoid

2 weeks, 4 days ago

Credit Cards: How do they affect your credit score and loan eligibility?

Live Mint

Credit cards are a great way to save smartly on your transactions and earn exclusive rewards and discounts on your favourite brands. Credit cards may affect your credit history and also impact your credit score as well as your future loans. Aim to utilise only 30-40% of your credit limit to maintain a low credit utilisation ratio, which is vital …

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3 weeks ago

Save ₹50k annually with the right credit card

Live Mint

India contributes to over 46% of the world's digital transactions. For example, the Amazon Pay ICICI Bank Credit Card offers: > 5% cashback on Amazon purchases for Prime members. For instance, the Air India SBI Signature Credit Card offers reward points worth ₹ 20K in air miles on joining. Step 2: Identify Which Type of Card You Need Credit cards …

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3 weeks ago

What is a credit card limit and why is it crucial for your finances?

Live Mint

Credit limits in credit cards greatly impact your money decision making. If you've never used a credit card before, you're likely to have a small limit initially, which you can increase by using it responsibly. Benefits of higher credit limit Better credit utilisation ratio: A bigger limit results in better credit scores because it decreases your utilisation percentage. In conclusion, …

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3 weeks ago

How to build good credit as a student? Here are 5 key ways

Live Mint

As a student, managing finances can become tough sometimes. A healthy credit score also helps you get your desired credit cards with a high spending limit and exclusive deals. Apply for a student credit card A student credit card is one of the best ways for you to create your credit history. Use education loan wisely An education loan is …

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3 weeks, 1 day ago

How to avoid credit card debt? Here are 6 key tips

Live Mint

If not controlled, credit card debt can easily get out of hand. Understanding credit cards Using a credit card, you can also borrow money up to the established limit of your issuer. Be cautious when using credit cards: Choose credit cards that suit your budget, have low interest rates, and little fees. Pay more than the minimum due amount: It’s …

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3 weeks, 6 days ago

Credit Cards: Are they worth it? A deep dive into their pros and cons

Live Mint

Credit cards have, today, become the necessary part of everyone's financial life. Banks or financial institutions issue credit cards, which would allow you to borrow money up to a predetermined amount. Instalment payment options: One sometimes gets a chance to split huge expenses into affordable monthly payments through use of credit cards. Hidden fees: Credit cards frequently have hidden fees, …

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4 weeks ago

Credit Card vs Debit Card: Which one should you choose?

Live Mint

Modern credit cards and debit cards are the core of financial life in a fast-paced world. Drawbacks of debit cards Drawbacks of debit cards: Limited fraud protection and offers less strong security than credit cards. Comparison between credit cards vs debit cards Criteria Credit card Debit card Credit limit Borrow up to a predetermined amount based on your creditworthiness. Conclusion …

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4 weeks, 1 day ago

What is a credit card? A comprehensive guide for beginners

Live Mint

In today's hectic world, credit cards are vital tools for managing finances and making purchases. This article attempts to take you through the basics of credit cards, including benefits and usage, so you can make informed financial decisions. Credit cards are widely accepted online and offline and often come with rewards to keep them attractive for usage--mostly reward points, cashback, …

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1 month ago

Gen-Z adults ‘more likely than Millennials to have a five-year financial plan’

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Six in 10 Gen-Z savers born after 1996 said …

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1 month ago

Credit card: Three ways in which you must not use it

Live Mint

Credit cards are a simple way to buy something today on a loan, plus it takes just one swipe. Your bank will set a limit on your credit card, hence, it’s not an unlimited loan and neither is it effortless because applications can get rejected. Spend but don’t overspend Every credit card comes with an overall credit limit for your …

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1 month, 1 week ago

How young Indians are saving and investing in 2024: Stocks surge ahead of Mutual Funds as top investment choice

Live Mint

Fin One, a digital-first project by Angel One Limited, has provided insightful information about the changing financial habits of Gen Z and Millennials in India. It has unveiled its Fin One: Young Indians’ Saving Habits Outlook 2024, offering valuable insights into the evolving financial behaviours of Millennials and Gen Z across India. According to a data compiled by top research …

India Financial Financial Literacy Indian Young Mutual Funds Fixed Deposits

1 month, 1 week ago

Credit Cards: Don’t make these 7 credit mistakes—Protect your financial future

Live Mint

Your credit score is an important indicator of your creditworthiness, ability to repay loans, and overall financial health. Similarly, if you don’t pay the credit card outstanding on time, the high finance charges and interest rates on credit cards can derail your financial planning journey. Apart from helping you build or boost your credit score, credit cards can give you …

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1 month, 2 weeks ago

Credit Card: Can you build a personal brand with it? 6 key things to know

Live Mint

A credit card can be an incredibly useful tool to build your personal brand by helping you develop a reputation of credibility, financial responsibility, and exclusivity so long as it aligns with your brand. Travel and rewards: Many credit cards offer access to unique experiences, like events, VIP lounges, or priority bookings. Credibility: If part of your brand includes credit …

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1 month, 2 weeks ago

How millennials can use these financial hacks to buy their first home

Live Mint

MUMBAI : With real estate prices going through the roof post the pandemic-induced slump, the aspiration for homeownership has become notably challenging for many Indian millennials. Mint has designed this guide to clarify the path to owning a home for millennials, address the obstacles mid-career professionals face, explore available government assistance, and offer actionable financial strategies for purchasing their first …

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1 month, 3 weeks ago

Unlock the Power of Credit Cards: How to Invest in Stocks

Live Mint

Credit cards offer a unique opportunity for investors to use their cards for the purpose of investing. By leveraging the credit card's benefits, users can buy stocks directly or raise a loan against their credit limit to invest. However, it's important to be aware of the high interest rates associated with credit card loans and the potential for debt accumulation. …

Finance Investing Risk Financial Products

1 month, 3 weeks ago

Tips to help graduates living on a tight budget – as a third delay major life milestones

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Student life is often tough …

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2 months ago

Financial Literacy: A Crucial Aspect of Education for Students

Hindustan Times

Financial literacy among students is crucial for their future financial well-being and stability. By introducing financial awareness at an early age, educators can equip students with the knowledge and skills to make informed financial decisions, save money, and invest wisely. This can help them secure a brighter future and achieve their long-term financial goals.

Education Entrepreneurship Life Skills Financial Literacy Hyderabad

2 months ago

Personal Loans Soar as Gen Z and Millennials Embrace Credit for Gadgets

ABP News

Personal loans have become increasingly popular among the younger generations in India, with Gen Z and millennials heavily relying on credit to purchase expensive gadgets. A study by Home Credit India revealed that the share of credit among personal loans has surged from 1 per cent in 2020 to 37 per cent in 2024, indicating a significant rise in consumer …

Entertainment Technology Finance Personal Loans

2 months ago

A Journey Through the History of Credit Cards: From Ancient Origins to Modern Convenience

Live Mint

A comprehensive overview of the history of credit cards, from their inception to the modern-day digital landscape. The article explores key milestones in the evolution of credit cards, including the introduction of credit cards by individual retailers, the development of general-purpose credit cards, and the rise of online and mobile payments.

History of Credit Cards Evolution of Credit Cards Credit Card History Digital Wallets and Mobile Payments

2 months ago

Here's How Many Credit Cards An Expert Says You Should Have — And It's Not What You'd Expect

Huff Post

alvarez via Getty Images Having a credit card can be a total game changer. That’s what we — Raj Punjabi and Noah Michelson, hosts of HuffPost’s “Am I Doing It Wrong?” podcast — asked Brian Kelly, best known as “The Points Guy,” when he dropped by our studio to talk about how to nab the best credit card perks. “So …

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2 months, 1 week ago

Here's how personal finance advice gets it wrong

Salon

In the world of personal finance, there are certain tried-and-true recommendations: Spend less than you earn. We need your help to stay independent Subscribe today to support Salon's progressive journalism Student loans Traditional personal finance advice says students shouldn’t borrow more than their projected salary after graduation. What personal finance advice gets wrong is that it only works for certain …

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2 months, 3 weeks ago

Gen Z, younger millennials more financially stressed, survey says

Salon

Americans across all age groups are experiencing money stress, according to the American Psychological Association's 2023 Stress in America survey. But Gen Z and younger millennials are feeling the pinch the most and have the highest rates: 82% of survey respondents in the 18 to 34 age group said money is a significant stressor. “As a generation … it’s not …

Stress Gen Z Financial Money Age Survey Gen

2 months, 3 weeks ago

Before you sign up for a store credit card, know what you’re getting into

LA Times

With holiday shopping season around the corner, experts recommend caution when your favorite store offers you a credit card. Store credit cards as a way to build credit history Store credit cards were once known as a tool to build your credit history if you’d never had a credit card before. Store credit cards versus buy now, pay later Since …

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4 months, 3 weeks ago

We're A Middle-Class Family. We Can't Afford To Go On Vacation — And We're Not The Only Ones.

Huff Post

Images By Tang Ming Tung via Getty Images When I was a kid, my family took vacations to California, Florida and Tennessee. While I was relieved to find we weren’t the only middle-aged, middle-class family using a credit card to partially fund our trip, I was also disturbed that many two-income, middle-class families no longer make enough to afford a …

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5 months, 3 weeks ago

Starting your first post-graduation job? Here’s how to organize your finances

LA Times

As credit card delinquencies grow and interest rates remain high, it’s more important than ever for recent graduates to start their adult lives on the right financial track. With credit card delinquencies growing and interest rates still high, it’s more important than ever for recent graduates to start their adult lives on the right financial track. If you’re taking out …

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5 months, 3 weeks ago

Starting your first post-graduation job? Here’s how to organize your finances

Associated Press

NEW YORK — With graduation season over, many college grads are embarking on summer internships or their first full-time jobs. With credit card delinquencies growing and interest rates still high, it’s more important than ever for recent graduates to start their adult lives on the right financial track. “You shouldn’t go uninsured if you are going to be working for …

Health Job Insurance Emergency Financial Credit Health Insurance

5 months, 4 weeks ago

California’s new high school requirement: Balance a checkbook, manage credit, avoid scams

LA Times

A woman uses an ATM. “Financial literacy instruction could be included within that larger preexisting economics course without further cluttering the class schedule for high school students — and reducing their ability to take an elective course or a course of interest to them, which this new bill will do.” The final version of the bill attempts to speak to …

Finance Personal Personal Finance Students Financial School Financial Literacy

7 months, 3 weeks ago

Why you need to be smart about credit cards

New Indian Express

If you are running high credit card bills, you must stop that now. Managing expenses Your credit cards offer convenience in payment.You should treat it as a short-term solution. Your long-term retirement goals must be your first choice of payment and not credit card bills. You can use your credit cards, collect rewards or points, and pay your bills quickly.

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10 months, 1 week ago

Money dysmorphia is haunting millennials and Gen Zers

Live Mint

Never hesitant to rebrand an existing phenomenon, millennials and their Gen Z ‘frenemies’ are admitting to having ‘money dysmorphia’—which is a feeling of insecurity around their financial situation even when the true picture reveals little cause for concern. While it might sound like just another form of anxiety induced by TikTok feeds of short videos, money dysmorphia is a real …

Social Media Financial Money Gen Zers Both Generations Dysmorphia Money Dysmorphia

10 months, 2 weeks ago

Americans have record-high credit card debts totalling $1.05 trillion amid historic inflation

Hindustan Times

Americans started 2024 on a hopeful note, but it seems a chunk of spending landed on credit cards. The average balance per cardholder hit a record high, reaching $6,360, contributing to a total credit card balance of $1.05 trillion in the fourth quarter. According to a report by the Federal Reserve Bank of New York, credit card debt in the …

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10 months, 2 weeks ago

Some Americans have become saddled with credit card debt as rent and everyday prices remain high

Associated Press

NEW YORK — While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card balances after battling inflation for more than two years. A recent report from the credit rating company Moody’s showed that credit card delinquency rates and charge-off rates, or the percent of loans that a bank believes …

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11 months, 3 weeks ago

40% Indians regularly monitor their credit scores, reveals survey

Live Mint

Moneyview has just revealed findings from its latest survey, offering insights into the changing dynamics of credit score awareness and financial preferences. At Moneyview, we are committed to empowering our users with the tools and knowledge they need to make informed financial decisions in this digital age.” Findings from the 2023 Consumer Credit Survey Report by Moneyview include: Monthly credit …

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1 year, 2 months ago

Americans ran up $105 billion in credit card interest last year alone

CNN

New York CNN — Danielle Foskie is among a growing number of Americans who have stumbled into a credit card doom loop. In 2022, about one in 10 general purpose credit card accounts in the United States were in “persistent debt” — a difficult-to-escape situation where borrowers are charged more in interest and fees than they pay down in principal, …

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1 year, 3 months ago

Financial wisdom for youngsters: Beyond earnings and expenditures

Hindustan Times

School days often hold some of the most cherished memories in our lives, characterized by a sense of fearlessness and freedom from responsibilities. It's somewhat ironic how, as we grow up, we eagerly anticipate leaving school, venturing into the world independently, and securing our financial future, only to yearn for the carefree days of our youth. Now that we've emphasised …

Personal Financial Savings Saving Term Emi Your Savings

1 year, 3 months ago

International Literacy Day 2023: Why aim for your children’s financial literacy early in life?

Live Mint

There is a famous adage, “Literacy is a bridge from misery to hope”. As stressed by the famous Japanese-American entrepreneur Robert Kiyosaki, “If you want to be rich and maintain your wealth, it’s important to be financially literate, in words as well as numbers.” Paradoxically, the most pressing issue in the current generation and economy is the deficiency in financial …

Children Financial Financial Literacy Money Child Literacy Early

1 year, 4 months ago

The idea of financial freedom and early retirement is a flawed concept

Live Mint

Most young people in their late 20s or early 30s think they have come up with the perfect financial plan: work till the age of 40, save enough money during that time and retire rich. Hence, drawing fixed and definite targets to achieve financial freedom often turns out to be illusory. Rather than dreaming of retirement obsessively, a good way …

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1 year, 4 months ago

Independence Day: Does too much of debt take you away from your path to financial freedom?

Live Mint

This Independence Day, you should aim to liberate yourself from the clutches of debt. For long-term assets such as a car and a house, borrowing money is still acceptable but one should refrain from going overboard on this, say advisors. He also explains that this is not uncommon for young parents to pay the school fee amounting to Rs one …

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1 year, 4 months ago

Independence Day 2023: How do millennials and Gen Z achieve financial independence?

Live Mint

As a millennial or Gen Z, you have grown up in a fast-changing world with endless possibilities. The amount of money that you need to keep in your emergency fund will depend on your current financial situation, such as liabilities and work profile. If you have higher liabilities, dependent children and work in a highly volatile sector, you might have …

Investing Insurance Gen Z Independence Financial Life Money

1 year, 4 months ago

Americans’ credit card debt hits a record $1 trillion

CNN

Minneapolis CNN — Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York. During the second quarter, credit card balances shot up by $45 billion, or nearly 4.6%, to land at $1.03 trillion, according to …

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1 year, 6 months ago

Father’s Day 2023: 5 old approaches towards finance that should be left behind in the modern era

Live Mint

Father's Day is a time to honor and appreciate the important role our fathers play in our lives. However, as times change and new financial strategies emerge, it is essential to critically examine the lessons we learned from our fathers and consider whether they still hold true in today's world. As we celebrate Father's Day, let us reflect on the …

Retirement Financial Era Fathers Our Fathers

1 year, 6 months ago

Navigating finances can be overwhelming for new college grads. Here are some tips

LA Times

Deciding how to manage your finances after graduating from college can be overwhelming, given the many competing demands. Make a budget To figure out how to allocate your money toward needs, wants and everything else, Erin Lowry, author of the “Broke Millennial Workbook,” said that instead of following the latest budgeting trend on TikTok, it’s helpful to just sit down …

Financial Credit Lowry Paycheck Your Credit

1 year, 8 months ago

Personal Finance Gurus Share The Top Tips They Want Everyone To Know

Huff Post

Vera Kandybovich/ EyeEm via Getty Images Learning about financial tips and tricks is an important step in financial success. “So, I think the first thing, and the biggest one I would say, is to get organized,” said Kimberly Palmer, a personal finance expert at NerdWallet. “I think having an emergency fund is just so crucial to helping you get through …

Finance Personal Personal Finance Financial Savings Money Debt

1 year, 8 months ago

They Can’t Even: A Generation Avoids Facing Their Finances

Live Mint

Some tune out bank and credit-card balances, lose track of their spending and rack up debt. Spending tends to be more satisfying than budgeting or tracking your expenses, “even if cognitively you know it’s not really the healthiest coping choice to engage in," said Dr. Vaile Wright, a senior director at the American Psychological Association, who studies stress and anxiety. …

Financial Credit Spending Howard Gay Avoidance

1 year, 9 months ago

Investments at an early age ensure financial discipline, says banking and finance student Aarav Sethi

Live Mint

In today’s world, financial knowledge is an essential part of becoming a responsible adult. Having good financial sense helps young adults to understand how to make wise money decisions that can help them achieve their goals and avoid debt-related problems. In order to comprehend what money means to today's youth in a growing world, this series explores students and young …

Finance Financial Money Age Work

1 year, 10 months ago

Wealth Guide: 5 biggest personal finance myths that need to be busted

Live Mint

When you first start earning money, you must have various dreams to fulfil. It is okay to think, "Let me first do and buy whatever I want since my childhood," but adding, "It's not my age to do personal financial management," is merely a myth that needs to be busted today. Here are five personal finance myths and the reality …

Finance Retirement Personal Finance Financial Money Age Health Insurance

1 year, 11 months ago

New year 2023: 7 money resolutions you should adopt this year

Live Mint

With the year end almost upon us, it is time to cherish the memories of 2022 and take out the new year resolution diaries for preparing the to-do list in 2023. Personal finance or financial planning quite often occupies the last spot of the to-do list for the majority of millennials or even adults. Steadily increase your savings: Savings and …

Personal Finance Financial Planning Planning Life Savings Debt Plan

Millennials' Guide to Financial Freedom: A Step-by-Step Roadmap to Financial Stability

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