In India, credit card APRs exceeding 36% make minimum payments a costly gamble, risking rapid debt growth and impaired credit health. Experts recommend full payment or strategic financial planning to prevent debt spirals. Paying only the minimum due on a…
The Press Information Bureau’s fact-check unit has dismissed a viral message claiming that individuals can secure loans at just 2% interest via a prime minister’s scheme using Aadhaar, warning of potential cyberfraud attempts and advising reliance on official sources. The…
As economic growth slows, households focus on prioritising essential spending, managing debt, boosting emergency savings, and exploring side incomes to navigate financial uncertainty effectively. For households feeling the pinch of slower growth, the first priority is not to predict the…
In the aftermath of an earthquake, prioritising essential expenses and securing insurance become crucial for families trying to stay afloat. Experts advise careful record-keeping, understanding policy cover, and avoiding unnecessary debt to prevent long-term financial hardship. After a earthquake, the…
Beneficiaries of Telangana’s Indiramma Indlu scheme face financial setbacks as soaring prices for building materials and labour increase costs beyond the ₹5 lakh subsidy, prompting innovative construction solutions and policy adaptations. Many beneficiaries of Telangana’s Indiramma Indlu housing scheme are…
Parents aiming for stronger financial security for their children are increasingly adopting innovative legal and financial tools, including trusts, tax-efficient accounts, and strategic gifting, to optimise estate transfer and protection. Parents who want to leave children on firmer financial ground…
Lee Ok-eon, chairman of South Korea’s Financial Services Commission, calls for continued mortgage support for genuine buyers despite government efforts to tighten household debt oversight, signalling cautious easing to sustain housing supply. Lee Ok-eon, chairman of South Korea’s Financial Services…
Experts emphasise the importance of beginning retirement savings early, between ages 30 and 50, to harness the power of compounding and secure a stable financial future amid increasing longevity and complex household finances. Retirement planning should begin well before age…
With appliances aging out in predictable timeframes, households are encouraged to set aside emergency funds for repairs, transforming unexpected breakdowns into manageable, scheduled expenses. Most household budgets make room for insurance and car servicing, yet leave nothing between groceries and…
A recent survey highlights a concerning shift among young investors, with over a quarter of Gen Z viewing sports wagering as part of their long-term financial strategy, raising alarms about future retirement preparedness. A new survey from Betterment suggests that…
Fraud experts warn that scammers are increasingly using FaceTime and other video apps, leveraging artificial intelligence to impersonate trusted contacts and engineer convincing attacks that target unsuspecting consumers. Consumers who have learned to dismiss suspicious robocalls may be facing a…
AXA Mandiri calls on parents to prepare children for an uncertain future dominated by interconnected risks such as climate change, cyber threats, political tensions and artificial intelligence, highlighting the importance of financial protection in safeguarding household stability. AXA Mandiri is…
