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Showing posts from February, 2010

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Digital Currency - Cashless Society and Future of Money

  What can replace cash? Due to lots of innovation in this 21st century, nothing seems impossible around the globe. Reality is in front of us, as money will strip off its tangibility and cryptocurrency will appear out as individual units for virtual exchange. This requirement can be fulfilled with the help of Internet, iPhone or any Android-Gadget. Cashless transactions are practiced globally. Various countries like India, Sweden, and Belgium etc... have taken a back step from paper currency. Sweden has an objective to become the first country in terms of cashless economy. Two years ago, demonetization took place in India and most of the population in Belgium does their payment through cards or mobile phone apps. Even, there is a creation of law to limit the cash transactions up to a certain amount. The capability of digital currency Exchange There is a great opportunity for everyone to invest in tokens. The waves related to Cryptocurrency may give an allowance to receive the tokens w

Let's find some common banking terminologies

Who does not know that Banking Industry is the topmost industry in today's economic world? Different Banks and other financial institutions together form the backbone of the economy of every country. We truly depend on these organizations and it is really very much important to be familiar with the terminologies while having a significant banking decision. But, do you feel a little bit puzzled about the commonly used banking terms sometimes? Well, it is time to share some knowledge on this topic with you so that in future you won't have to stumble upon those general phrases. Chequing The most common bank account is cheque account. A Cheque is nothing but an agreement between two persons. It is a type of contract for money-transfer. The cheque is signed by a person and is submitted to another person's bank to transmit a specific amount of money from the account of the first person to that of the second person. Debit Debit is simply an accounting approach. It points t

Know about Health Insurance

Health Insurance, as we all know, is a type of risk management system, The risk, of which I am talking about, is the risk of incurring all the expenses related to healthcare. If you are going through a serious financial limitation and if it is a situation of medical emergency for you, a Health Insurance Policy is all which can help you the most. Nowadays, a good number of institutions provide us different Affordable Health Insurance quotes. And truely speaking, most of them are really dependable. A Cheap Health Insurance policy is nothing but an agreement between you and the concerned Health Insurance Company, in which all your medical expenses are taken into account and evaluated. Then, a methodical and periodical payment stucture is made for you in order to ensure the availability of money for providing you all the benefits mentioned in the agreement, in case of your medical emergency. If you are going for a Health Insurance Plan, you need to know the related terms : Premium

Banking Services

Today, we all are very much familiar with the term " Banking ". A Bank is basically a type of Financial Service Provider. We deposit our valuable resources to banks. And they routes those deposits into lending purposes. In this way, basically, a bank hits two targets ;satisfy customers and enhances investors' interest to invest more. Government of different countries implement different types of regulations on the banking activities. But, overall, it can be said that, banks play a vital role in the economical market of any country. Banking means all the financial activities, performed by a bank. Though we all avail banking services, most of us have no proper idea about all the favors banks do for us. Well... I am going to give you a brief knowledge about all the banking services here.:- Transactional Account : Banks act as means of payment. They conduct Transactional account or Current account for their customers. It is basically a service-on-demand system. When cu

Personal Finance planning

Many people in their own wisdom, they are usually not unalloyed self-assessment to identify what they were doing wrong in terms of financial success in a very critical and sufficient attention, because what they consider a new dimension to them staying in the forefront of financial worries in the coming months the New Year. For this step of the people to become operational budgets, the priority and ensure that monitoring of the inputs of the letter. This number includes not only their regular budget bills and taxes inevitable costs that occur less frequently, such as vehicle maintenance, rent, mortgages etc. Once a list of all your expenses, looking for areas where they could make some cuts and make sure they put enough money aside for food, housing rent, important but not critical issues, such as mobile phones, and transportation and luxury, like going. The key to staying above the debt is to understand exactly how much you owe and what interest is charged at the same time a whale

Personal Finance management: do plan for yourself

Are you worried about your money management? Is it your financial affair which is causing you to spend sleepless nights? Is it so? Well....Before consulting a personal financial advisor, try to answer this question first. Have you really ever thought of a proper financial planning?  Most of you, I know, will say "no". So, here I'm going to share the most important facts of personal finance management with you, through this article. When you go for a Personal Financial Planning , you must be aware of the five golden rules of Personal Finance Management: Know and judge your financial state No other knows your economical position better than you. So, prepare a personal balance-sheet in which all your assets and liabilities will be included. Make an income statement along with this, including your earning and spending. Now consider both of them. How far are you to attain the financial stability? Once you get the answer, you are ready for the next step. Set targets Yo

Real Estate Apartments for rent

The Calgary Sun and Calgary Herald are the two excellent newspapers locally where Calgary apartments rent listings can be found.  Periodically, certain weekend’s one can find a vast number of listings taking up nearly a full page.  Calgary is also home to many public and private based rental agencies such as Home finders, offering tenants rent listings that may not even make it to the newspaper for a small fee and a service contract. Calgary remains one of the most highly priced rental markets in Canada and therefore Calgary apartments rent continually at premium prices.  Even though some landlords in the Calgary area have reduced their prices in order to continually keep tenancies going and people in their places. Calgary is well known by its division into quadrants.  The southwest of Calgary, which commences at the downtown core and stretches to the far south heading and it is considered the most popular given the proximity to various amenities and attractions.  Many apartment com