A good credit score is important for several reasons: 1. Access to Credit: It’s a key factor that lenders consider when deciding whether to approve your credit applications, such as loans or credit cards. 2. Interest Rates: A higher credit score often leads to lower interest rates on loans, saving you money in the longContinue reading “Why You should maintain a healthy credit score”
Category Archives: Finance
Tax Harvesting
Tax loss harvesting is a strategy used by investors to minimize capital gains taxes on their investments. It involves selling investments that have experienced a loss in value to offset or “harvest” those losses against capital gains from other investments. By doing this, investors can reduce their overall taxable income and, consequently, lower their taxContinue reading “Tax Harvesting”
Save Tax
How to save tax Saving on taxes legally and responsibly involves various strategies. Here are some common ways to save on taxes: 1. Contribute to Retirement Accounts: Contribute to tax-advantaged retirement accounts like 401(k)s or IRAs. These contributions can lower your taxable income. 2 .Take Advantage of Tax Deductions: Understand tax deductions available to you,Continue reading “Save Tax”
Improve CIBIL score
Tips to increase cibil score To increase your CIBIL score, which is a measure of your creditworthiness, you can follow these tips: 1.( impact:40% ) Pay Bills on Time: Ensure that you pay all your credit card bills, loan EMIs, and other financial obligations on time. Late payments can negatively impact your score. 2.( impactContinue reading “Improve CIBIL score”
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