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Finance

Mastering the 50/30/20 Budgeting Rule

The 50/30/20 rule is a simple yet effective budgeting guideline. It suggests dividing your after-tax income into three categories: 50% for needs, 30% for wants, and 20% for savings and debt repayment. Needs include essentials like rent, groceries, utilities, and transportation. Wants are discretionary expenses like dining out, entertainment, and

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A Guide to Indian Taxation

Let’s begin with the cornerstone of Indian taxation: Income Tax. Simply put, it’s the tax you pay on your income, whether it comes from your salary, business profits, or investments. The amount you pay depends on various factors, including your income bracket, age, and the types of deductions and exemptions

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How to Build a Strong Emergency Fund in Uncertain Times

Emergencies have a knack for showing up uninvited, don’t they? Whether it’s a car breakdown, a medical bill, or a sudden job loss, life has a way of throwing curveballs when you least expect them. That’s why having an emergency fund is not just a nice-to-have; it’s a must-have. But

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