Finly

 How to Build a Beginner Friendly  Budget Plan  (Step by Step guide) It is easy to feel overwhelmed when it comes to money when you are only beginning to manage it but a basic budget can transform it all. A budget makes you watch your money, save toward your objectives, and also prevents unwarranted stress. This is a step-by-step tutorial on the creation of a beginner-friendly budget that actually works, and at the bottom a real example. 1. Understand Your Income Begin by calculating the amount that you make per month. Write down your take-home pay (after tax), in the event that you have a fixed salary. In case your income is not regular, use an average of the past 3-6 months. TIP: You should equally add all income sources; side hustles, freelancing and passive income, not only your salary. 2. Track Your Expenses What you cannot measure you cannot control. Keep a month long record on how your money is spent. Note all the expenses ( re...

 Buy Now, Pay Later(BNPL) Smart tool or debt trap? Find out what Buy Now, Pay Later ( BNPL ) is, why it is a good tool, why it can be bad, and how to make good use of it. Get to know how to enjoy smart shopping without going into debts. 🛍️ What is BNPL? Have you noticed when you shop on the Internet the option Pay in 3 or Pay Next Month ? That’s Buy Now, Pay Later (BNPL). BNPL is the opportunity to purchase something immediately and then pay back in small installments, without any interest, in a week or month. Some of the most popular providers of BNPL are Amazon Pay Later , Simpl , ZestMoney , LazyPay , and Paytm Postpaid . It is easy, quick and highly enticing. ✅ Benefits BNPL may be beneficial indeed when used properly. Here’s why many people love it: Instant Access : Instantly access what you need without having to wait till the payday. Controllable Payments : Divide large amounts of money into small and affordable segments. No Credit Card : This is good when an individual ...

  Top 10 Daily-Use Items with  Reduced GST Rates (2025) Are You Overpaying GST ?  The Top 10 Everyday Items You Should Know About which have Lower GST Rates ( 2025 ) cut taxes on your goods? Most people are confused by the GST rates on the daily needs. The positive side is that you will make more savings than you would have thought since many of the usual items would be charged less GST. In this post, we have deconstructed ten everyday goods that will have a lower GST rate in 2025 to make you wiser shoppers.  GST-free Milk and Dairy products: Most dairy products , such as  curd Lassi   Buttermilk   Fresh and pasteurised milk are tax free.  ✅ Why it is important : A 0% percent tax will ensure that most households can afford them because most households use them on a daily basis. Fresh Fruits and Vegetables:  GST does not also apply to fresh fruits and vegetables (exempted) ✅ Tip Processed or frozen ones can attract GST (typically 5%), and...

 The working of Bank Accounts  and the difference between  Savings and Current Account It may sound complex when you hear the word bank account, however it is very simple. Visualize a bank account as a secure online wallet in which you store the money. The bank keeps your money safe and assists you to send or receive money and even pays you interest in some situations. The most popular two types of bank accounts.  Savings account  Current accounts  What is best to you will be discussed in this article.  Savings Account A s avings account: what is it?  A savings account is the most popular type of a bank account. It targets the people who need to save money by being safe and to make some extra interest. Important characteristics: ✅ Good on daily, personal savings, and salaries. ✅ Gathers interest (needless premiums paid to the bank)  ✅ ATM, internet banking and debit card.  ✅ Is withdrawal restricted; unlike a current account, an account...