Savepro - Gaindamull Hemraj Financial Services

The New Year Investment  One of the greatest resolutions you can make for the coming new year is to splurge less and save more! Limiting your impulsive expenses is a great way to curb all the unnecessary. Don’t worry, and we are not going to lecture you on how to invest or plan your finances according to a specific budget.  Savepro  lists out five basics that you need to be aware of for a healthy financial life. 1. Make sure that you are pre-planning your investments ahead of all the time. This will help you in making informed decisions, as seen a lot of investments are made in haste. When you have money at hand, you randomly invest in anything that is looking attractive at that point in time. For a planned approach, ensure that you are targeting the goals and tagging those investments with the purpose. Make sure that you know what your aim is, and where do you see splurging that on the next coming years. This will help you conclude in the right instrument to inve...

Mutual Funds Mutual funds that we traditionally know of are concerned with two types of funds, equity and debt. Both the funds carry pros and cons. If you wish to remove the drawbacks that each of these funds carries and keep your investment safe, then go for hybrid mutual funds. Hybrid mutual funds are sure to make your investments more reliable and profitable than the traditional funds. Before Savepro makes you understand the worth of hybrid mutual funds, lets us first know what equity mutual funds and debt mutual funds are. In the case of equity mutual funds, the investments are made in stocks and equity shares of companies in order to seek capital appreciation. Though the risk is high,this fund has more significant potential to generate high returns. Debt mutual funds majorly invest in debt securities, corporate bonds, treasury bills, and money market instruments in a view to generating regular income.Though they are far less risky compared to equity funds, they l...

Debts can be stressful  It just takes a swipe to make transactions here and there! Until you realise ‘it’ has compiled too much on your shoulders and it’s already too late. Millennials do not realise how much starve themselves financially. While some had a poor financial history and they are in debt since centuries, and some go on wasting every penny and get wasted without being anxious. The pro-tip is not to let this pressure get over your head and heels in the first place! It is a trap, and once you’re stuck within the realms, it is difficult to get out from it. Savepro  gives you some tips on how can you save yourself from debts and unwanted trouble. 1. Make a budget It is necessary to have a budget and remain limited to that. Keep a realistic budget and do all your expenses in that budget constraint itself. Be it luncheons, parties, shopping, loan payments, EMIs, etc.; try creating a planner where you can jot down all your monthly expenses and then ca...