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Tips to Educate Your Children about Basic Finance Concepts

Tips to Educate Your Children about Basic Finance Concepts

Don't you think that your children should be literate enough to understand money management, basic finance concepts and routine banking practices? You must be aware that money doesn't grow on tree. However it is equally important for your children to understand the value of money and importance of financial education. Children should be made to realise that preserving the money is tougher than earning money. Familiarity with basic finance concepts can make a big difference when the children grow up. You might wonder how to go about in motivating the children to learn basic finance. Well, the best way is the practical education as it ...

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Time Value of Money

Time Value of Money

Money has time value – Rupee available today has more value or is worth more than its value a year hence or in future. This is the fundamental idea behind time value of money. What is the logical reason behind the concept of time value of money? Every human being in general prefers immediate consumption rather than postponing it to future. An investor would prefer to receive a Rupee today rather than a Rupee in future so that Rupee can be deployed for better productive use immediately - say by keeping it in a savings account that would generate positive returns. Rupee deployed in this fashion would be equal to (1+r) where r is t...

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Tips to Educate Your Children about Basic Finance Concepts

August 11, 2012, 2 Comments

Don't you think that your children should be literate enough to understand money management, basic finance concepts and routine banking practices? You must be aware that money doesn't grow on tr...

Clearing, Settlement and Risk Management of Currency Futures in India

NSE (NationaStock Exchange of India) has witnessed healthy growth in the turnover and open interest positions during its first completed month of currency futures trading in India. NSE commenced currency futures trading in India on 29th August. CDX (Currency Derivative Exchange), currency derivative segment of BSE (Bombay Stock Exchange) commenced currency futures trading from 1st October. BSE on its very first day of trading in currency futures clocked a turn over of about 65,000 contracts, which is approximately Rs. 300 Crores. With ever-growing globafinanciacrisis, exchange rates are fluctuating widely. INR exchange rate has touch...

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6 Simple Tips for Healthy Aging

6 Simple Tips for Healthy Aging

While medical breakthroughs are paving the way to a longer life, chronic diseases are also becoming more common in adults. It is believed that one in four adults nowadays suffer from two or more chronic health conditions like heart disease and diabetes. Of course, this does not mean that aging directly causes impairments or diseases. In fact, you can still live a healthy life in your golden years if you take the right steps. Be mindful of what you eat Did you know that lots of adults don’t eat enough fiber but consume more than double the recommended daily sodium allowance? The body uses sodium to control blood volume ...

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5 Common Garage Door Problems and their Quick Fixes

5 Common Garage Door Problems and their Quick Fixes

Experiencing problems with your garage door? You need not fret! While garage door problems can seem complicated, nothing can be farther from the truth. Arm yourself with the following basic troubleshooting skills, and you can have your door working again in no time. Problem #1: Garage door just sticks when opened or closed Solution: Lubricate metal rollers and hinges. When this happens, chances are the hinges and roller door motors need to be lubricated. In addition, it will be best to also check if the tracks are clogged, dirty or misaligned. Problem #2: Trolley carriage moves but the door won’t budge Solution: Cha...

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Top 10 Car Maintenance Errors Most People Commit

Top 10 Car Maintenance Errors Most People Commit

Maintaining your car might be the last thing you have in mind, until you realised there’s definitely something wrong with it. Most car owners overlook issues with their cars at some point, and this can be deadly. When you’ve just recently bought a car, you’re probably expecting it to perform at its best. However, it doesn’t mean you aren’t obliged to maintain it. Similar to humans, cars also need to be well taken care of. They require regular check-ups to maintain overall health and wellness. Some vehicle parts are asymptomatic when in fact problems already arise. With this, you might think everything is perfectly fine a...

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Common Security Problems in Elder Care Facilities

Common Security Problems in Elder Care Facilities

A lot of these aged care facilities these days have already improved their Security Risk Management although there are some adverse conditions that remain that demean the efforts in crime prevention and this condition should not be disregarded by the management. Although in the past, such conditions have helped the criminals and will still continue unless there is a serious action applied. Areas in these facilities where the security is at risk are the following: Facility grounds or its landscape These grounds can be an easy access with criminals if left without any security measures. Trees and other plants often – if not most of the t...

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How Important is Gutter Protection?

How Important is Gutter Protection?

There are countless ways to make your home's outdoor area more inviting. You can try creating a serene garden patio, repainting your fence, replacing withered plants with newer and greener ones, and so on. The list is virtually endless. But if you are looking to make your home more welcoming and more aesthetically appealing from the outside in one fell swoop, gutter protection is what you should look into. What is gutter protection and why is it important? While it tends to be overlooked by many homeowners, there is no denying how important it is. Case in point, they are responsible for getting rainwater and snow from the foundati...

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Why should you Consider Pursuing MBA in Marketing?

Why should you Consider Pursuing MBA in Marketing?

One of the oldest specializations, an MBA in marketing still happens to be a sought-after domain. The following post explores the benefits of pursuing an MBA in marketing and the best career choices thereafter. While MBA in marketing is one of the oldest specializations, it continues to be one of the most coveted ones. While it can be challenging, time-consuming and even expensive, an MBA can always turn out to be a prestigious degree that offers competitive benefits over other degrees. So what are the benefits of pursuing an MBA in marketing? Here’s how: Benefits of MBA in Marketing As a specialization, MBA in marketing prov...

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Choosing the Right Hot Water System: Key Factors to Consider

Choosing the Right Hot Water System: Key Factors to Consider

What type of hot water system should you go for? That is one question many homeowners have to answer at one point or another. While a ‘one-size-fits-all’ option is ideal, there is no such thing. Undoubtedly, choosing the most suitable one would be challenging. However, it can be done. Narrow down your options by taking the following essential factors into consideration. Household Size Understandably, the size of your household is one of the key factors you need to take into account when deciding on the most suitable water system to purchase. As a general rule of thumb, if there are 2 or more people in the household...

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4 Health Benefits of Good Oral Hygiene

4 Health Benefits of Good Oral Hygiene

It has long been established that oral hygiene has a huge impact on overall health. To stay in the pink of health, you should never shy away from taking care of your gums and making your teeth stronger. Do your best to adhere to proper oral care practices so you can prevent all sorts of dental problems. Aside from flossing daily and brushing at least twice a day, you should also sign up for regular dental checkups. The following are just four of the many reasons why good oral hygiene is necessary to a healthy life. Good oral hygiene can improve cardiovascular health Poor dental health can increase the risk of heart disease. ...

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Home Appliance Trouble and Maintenance Tips

Home Appliance Trouble and Maintenance Tips

Home appliances are a necessity of life that for the most part we couldn't be without. But they aren't self-sufficient. A certain amount of care and maintenance is required so that they will remain in good working condition, and you can avoid things like air conditioning repairs. Lack of this care can cause an appliance to break down which can result in expensive repairs. But a little maintenance can go a long way toward keeping these appliances in tip top shape and thus saving you money in repairs. Here are some suggestions on how to keep your everyday home appliances running smoothly: Refrigerators Regular maintenance on a refriger...

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Diets That Can Boost Immunity and Nutrition Strategies

Diets That Can Boost Immunity and Nutrition Strategies

Drugs and supplements are often not the answer in regards to boosting your immunity. All that supplements do is give you a dose of concentrated nutrients that you would have otherwise gotten from a supply of a healthy diet that would be much cheaper and safer for you. Numerous food products are available that are capable of boosting your immunity system in a perfect fashion. The inclusion of super foods on an additional basis will let you come across several benefits as per the precise needs that you got on the whole. Sufficient Exercise Most people think that a diet only consists of eating right, but quite contrary, a diet consis...

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