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Here's how to get your New Year's financial resolutions back on track

Here's how to get your New Year's financial resolutions back on track

Finance
Whether it was an unexpected expense or an impulse purchase, chances are you've slacked off on your resolution to save more and spend less. That's OK. Most people typically give up on their financial resolutions six weeks into the new year, according to a survey from LearnVest. This year is no exception, even though more than 4 in 10 Americans said losing debt is a top priority — even over shedding weight, according to a survey by CompareCards.com. "Weight isn't necessarily something that impacts people in their everyday lives," said Matt Schulz...
Andhra Bank to deploy over 1,600 business correspondents to boost financial inclusion programme

Andhra Bank to deploy over 1,600 business correspondents to boost financial inclusion programme

Finance
NEW DELHI: State-owned Andhra Bank will deploy over 1,600 business correspondents to provide a host of services like account opening, door-step banking, ATM deployment and NPA recovery under its financial inclusion project. The bank will deploy these business correspondents mainly in Andhra Pradesh and Telangana. The lender has been implementing the financial inclusion project since 2010 through the business correspondent model with micro ATMs/kiosk banking technology. Among others, the business correspondents (BCs) may also be assigned with other financial and non-financial transactions like recovery of loans, enrolment of social security schemes as well as mobilisation of new business for the bank. They may also be required to carry on with all government schemes including Aadhaar, mobil...
Ring in 2019 with these 6 basic financial resolutions for retirement

Ring in 2019 with these 6 basic financial resolutions for retirement

Finance
Saving more for retirement is a common New Year's resolution. This year, the pledge comes in at the number five resolution in Principal Financial Group's annual survey of 1,008 American consumers wishes for next year, with 21 percent of respondents stating a desire to sock away more for their golden years."The new year is a chance for new opportunities and a clean slate," said Jerry Patterson, senior vice president of retirement and income solutions at Principal, in a statement. "The challenge will be taking those good intentions and making them last into February and beyond."Many financial experts advise upping your retirement savings rates past your company match (typically somewhere around 5 percent of salary) to double-digits, to 15 percent of pay or more. The more you save, the earlie...
Financial deadlines in 2019 you need to know about

Financial deadlines in 2019 you need to know about

Finance
Here are some of the important financial deadlines you need to know about in 2019. Not meeting some of these could lead to substantial financial hardships. 1. PAN-Aadhaar linking deadline Post the Supreme Court judgement on Aadhaar, it is now mandatory for every PAN card holder to link his/her PAN with Aadhaar. The Central Board of Direct Taxes (CBDT) in its order under section 119, dated June 30, 2018, had earlier extended the deadline to link PAN with Aadhaar to March 31, 2019. If an individual's PAN is not linked with Aadhaar by March 31, then post the deadline, the PAN will be considered invalid, as per Section 139AA of the Income Tax Act. Also Read: How to link PAN with Aadhaar 2. Pradhan Mantri Awas Yojana Deadline If you are planning to buy a house and want to avail of the benefit...
These really bad habits and traits will stop you from reaching your financial goals

These really bad habits and traits will stop you from reaching your financial goals

Finance
While people start out with good intentions and set their sights on meeting various financial goals, many never achieve them and instead fail miserably. Here are nine bad habits that will hinder investors from reaching their financial success. 1. Failing to plan. Lacking a financial plan means you have no focus and you can easily be swayed. A recent study by the University of Scranton revealed that 92 percent of people who do not achieve their goal fail as a result of lack of planning. People who do not plan for how to manage their money and who lack a budget are vulnerable to impulse buying, overspending and making other unw...