GST – No changes in service tax & excise duty as GST draft will be launching soon
Fiscal Deficit – Seen at 3.2% (17-18) & 3% (18-19)
Over the years as the credit score has become more mainstream the consumers concern with their credit scores has increased due to many erroneous believes and credit score myths. These myths have gained legitimacy simply because they have been repeated enough times by many people.
However, a myth is not important in the real world as it has no credence, it only effects our decision making as we factor that myth in our decision process.
If you do not manage your credit wisely that can lead to a poor credit score and increased the cost of credit in terms of fee and interest paid. Both these outcomes can affect your financial position negatively in the long run. Our mission at mymoneykarma.com is to help you have great financial health and the following would help you build a healthy financial health
In this fast world were people have less time and more things to look at, it is natural that they would rely more on plastic money than carrying liquid cash. In the ideal world, we would need one or two cards to meet our needs of plastic money. However as we are exposed to a world of sales calls, emails and SMS’s from banks trying to sell us a credit card we might end up taking more than one credit card. We at mymoneykarma want to share the unbiased perspective of positives and negatives of having multiple cards so that you can make a decision of what works best for you.
No matter how much we earn but we all have this dream of getting a credit card with the highest credit limit. But generally we all tend to forget that higher credit limit is like a double edge sword, it has its pros and cons, let’s have a look at them and see if its really good to have a credit card with high credit limit:
A credit card may appear like simply one more instrument to help you transact in a cashless manner, however it can be significantly more. Whenever utilized correctly, a credit card can help you build a decent credit record as a consumer, permitting you to get benefits of a having a good credit score. Basically, a credit card can be significantly more valuable than your debit card if you use the credit card in the correct way.
Applying for a credit card nowadays is as straightforward as entering your data into an online form and clicking “submit.” But getting approval for a credit card requires planning that ought to begin much earlier than you apply. If you keep the following 4 points in mind you will have a higher probability of getting your credit card application approved.