There is this old saying "save to become rich ". It's not true one does not become rich by just saving money keeping it locked up in some locker. It will barely help with the cushioning of the increasing prices of necessities. There is one last missing step that is, investing. Investing for future is different from saving for further.
Invested money - value of money actually increases from the actual investment amount. It grows with time.
Saving money- doesn't grow and will become less worth in the future.
Before investing the hard earned money one must look for the best possible returns with absolutely zero risks. One such investing option is investing in banks. It could fixed deposits or cumulative deposits for investors who have considerable amount of money and wants money later but not now. Or recurring deposit for saving and growing money with only investing a small amount for some time every month . Some banks might have some combo plans, but sure it's risk free investment .
How to calculate the maturity amount?
Well I have the answer . use the financial Calculator by fuzzy Labs.
It's features are :
Free app
Simple and easy to use
Indian rupee format
Bond price calculator
Cash certificate calculator
Currency converter
Discount calculator
EMI calculator
Fixed deposit calculator
Lumpsum annuity calculator
Recurring deposit calculator
Reinvestment plan deposit calculator
Tax calculator
Yield to maturity calculator
The values are user put so we can put custom value for interest rate, period, amount,etc. It also allows to calculate compound interest for monthly, quarterly, half yearly and annually.
This not only allows calculating of fixed deposit or recurring deposit maturity amount, it can also calculate other useful things. Like EMI calculator, currency converter, etc are nifty features all in one free app.
Coming back investing.
One can invest in company deposits but there are some risk of returns associated with it. And also there is the option of investing in share Market, risk of uncertainty is too intimidating for many , If you have abundant amount cash go ahead with some planning and you might get lucky. Or well invest in real estate or gold sliver but the risks are their though.
Banks in investment interest rates of many banks are reducing as we speak. There is no better time than now to invest. Invest while the returns are high.
One thing not to miss out. If you have liabilities, finish it off, get it off your backs. It will not only make your investing task easier but also your life becomes easy to live in. Reduces stress and more money for the future you.
But remember don't cut down the little things you enjoy like your evening snacking or something petty. Instead try to cut down the bigger billing stuff, it could the current bill, Internet bill, etc.
Most importantly invest an amount you can manage not having it, locked up till maturity.
Invested money - value of money actually increases from the actual investment amount. It grows with time.
Saving money- doesn't grow and will become less worth in the future.
Before investing the hard earned money one must look for the best possible returns with absolutely zero risks. One such investing option is investing in banks. It could fixed deposits or cumulative deposits for investors who have considerable amount of money and wants money later but not now. Or recurring deposit for saving and growing money with only investing a small amount for some time every month . Some banks might have some combo plans, but sure it's risk free investment .
How to calculate the maturity amount?
Well I have the answer . use the financial Calculator by fuzzy Labs.
It's features are :
Free app
Simple and easy to use
Indian rupee format
Bond price calculator
Cash certificate calculator
Currency converter
Discount calculator
EMI calculator
Fixed deposit calculator
Lumpsum annuity calculator
Recurring deposit calculator
Reinvestment plan deposit calculator
Tax calculator
Yield to maturity calculator
The values are user put so we can put custom value for interest rate, period, amount,etc. It also allows to calculate compound interest for monthly, quarterly, half yearly and annually.
This not only allows calculating of fixed deposit or recurring deposit maturity amount, it can also calculate other useful things. Like EMI calculator, currency converter, etc are nifty features all in one free app.
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| DOWNLOAD FREE FINANCIAL CALCULATOR |
Coming back investing.
One can invest in company deposits but there are some risk of returns associated with it. And also there is the option of investing in share Market, risk of uncertainty is too intimidating for many , If you have abundant amount cash go ahead with some planning and you might get lucky. Or well invest in real estate or gold sliver but the risks are their though.
Banks in investment interest rates of many banks are reducing as we speak. There is no better time than now to invest. Invest while the returns are high.
One thing not to miss out. If you have liabilities, finish it off, get it off your backs. It will not only make your investing task easier but also your life becomes easy to live in. Reduces stress and more money for the future you.
But remember don't cut down the little things you enjoy like your evening snacking or something petty. Instead try to cut down the bigger billing stuff, it could the current bill, Internet bill, etc.
Most importantly invest an amount you can manage not having it, locked up till maturity.