RupeeWise Finance Blog

Introduction Think about your last purchase. How did you pay for it? Did you pay via cash from your pocket, UPI QR code scanning or swiping your credit card? A few years back it was common for Indians to carry cash with them, but the scenario has changed considerably today. Thanks to smartphones and technology, cash has been sidelined and UPI has emerged as the new hero. Credit cards on the other hand are gaining ground everyday due to attractive rewards and cashbacks. But have you ever pondered on how the mode of payment impacts your spending? Many people believe that cash helps them stay within their budget while others feel that UPI is the easiest option as it takes only a second to make a payment. Some users prefer credit cards as they have attractive rewards, cashbacks, discounts and easy EMI options. So how different are these payment methods? Which one actually helps you save more? It’s true that all three payment methods have their pros and cons. It ultimately boils down to per...

  Have you ended a month asking yourself, "Where did my money go?" If yes, you are not alone. Many people think that they can only get out of financial issues if they increase their income. But the truth is, sometimes people with a higher income are unable to save more than those with lower income. What matters is not the amount of money you make, but how well you handle it. That is why there is a need for you to learn to avoid some financial mistakes that many people make. It is not that they make big errors at once, but they end up losing more money due to some habits that they have. The great thing is these mistakes or habits can be addressed. In this article, I will be talking about different money mistakes that many people are making every year, and how to address them to prevent losing any more money they don't intend to lose. Money Mistakes 1. Don't know what to do with the salary Many people don't understand that it is not important how much money they mak...

INTRODUCTION I still remember being asked what my financial goals are, and replying with something along the lines of wanting to be rich and travel the world. The person I was talking to simply smiled and said, 'That's not a financial goal, that's a financial dream'. This one sentences stuck in my mind. Have you ever tried to make a commitment to save more money, or improve your financial situation somehow, and then silently forgotten about it after a month? If you did, you were just thinking about a financial dream, not a financial goal. Once you distinguish between the two, everything else will fall into place. Here is a simple guide for you to understand what sets financial goals and financial dreams apart. WHAT IS FINANCIAL DREAM A financial dream is simply a vision of what you want your life to be like financially one day. It could be something as simple as buying a home, to something as complex as never having to check your bank account before buying groceries aga...

 Introduction When people start to earn their first salary they may come across different types of spending money unnecessarily. Like, buying a new phone or planning for vacation or some may thing to buy any luxury items. In all these cases, one common doubt arises: should I start investing now or maybe later? If that is the case with you, then you are not alone. Most young people assume investing is something you do when you have been working for a while. On the contrary, starting early carries great advantages that will support your investment goals throughout your life. One such investment account is the Public Provident Fund (PPF) , which is considered one of the most secure ways of saving money for the long term. But is investing in PPF at a young age a good idea? Let's dig deeper and understand everything there is to know about this particular investment scheme. Getting to Know the PPF Account PPF (Public Provided Fund), long term saving scheme designed to help the people for...

This article is not meant to condemn anyone. People have different needs and circumstances, for example, illnesses, family expenses, natural disasters, or simply being fired. The point of this article is to explain some common financial mistakes that can be controlled and eventually improved.  Introduction Have you ever come across people who have a good income source but still say, “I have no money”? It is surprising, right? After all, a good salary should translate into financial stability and wealth, shouldn’t it? The reality, however, is that it does not necessarily have to. Many people think that having a good income is the most critical factor in creating lasting wealth. Nothing is further from the truth. There are many who earn 30000 per month but still manage to save consistently. And there are some who earn 100000 per month but still do not take steps to save consistently. It is essential to note that there may be other factors that influence why some people remain broke d...