Showing posts with label savings. Show all posts
Showing posts with label savings. Show all posts

Friday, April 5, 2013

Banks, Are they really protect your savings?

The political and economic world is undergoing a profound crisis of faith. Faith simply means faith in ethics, faith in political leaders, faith in money, and faith in banks. A publication recently revealed that banks are our real risk and their inventories are distressing. Banks are losing confidence of the customers and they are more defiance in debt rationalization in some European Union countries. The question is what will happen for your savings if the bank is insolvent or in case if it could not provide you liquidity for your savings? Hence it is best to diversify your maximum savings and evenly distribute them in reliable banks. Few banks are retaining their name by keeping the money and credit in order. Most of the financial credit banks first enrich them self and then the objective. Most of the gold jewelers and banks keep their customers against the bill of exchange which help them to sell this gold to many people at the same time are created loans with interest and unbridled pursuit of profit. A force to lend money to their customers, money speculation is based on the promise of repayment and eventually became a source of debt to the state level. Because of the amount of outstanding loans exceeds more than money in circulation to repay. This is how the bank in its current form was born. According to a survey conducted by Harris Interactive / Deloitte in December 2011, banks are now three times more detractors than promoters. Three out of ten European expressing their distrust an institution supposed to sell their confidence is a lot. A reputations of the banks were tarnished very much recently for various reasons. ( to be Continued)

Wednesday, December 23, 2009

Savings is not for TODAY,it is for TOMORROW!!!!!!!!!

Money flows through every ones hand but very few only holds the money firmly. Without some basic attitude, you cannot save money in this fast moving modern world. In economics these basic things are called as "Factors of Production". For every economic activity  the land manpower and money are the basic needs and they are the factors of production.

You may think loans can be availed easily but in reality  the lenders are verifying your repaying capacity and your bonafied.  Even for a home loan the banks are asking for the margin money from the borrower. In this case your savings only will give you a hand.

Even a skyscraper is built with small small bricks only. If you start to save money right now it will accrued  to a large sum tomorrow.
What ever may be your earnings weather  it is in thousands or in lakhs, your needs also more than that of your earnings,hence whatever be the income you have to save a small portion of your earnings.

In this fast changing world, your savings only will give you a hand in your future needs. hence you start savings from this New year itself.
Once you decided to save money there are various ways to save. You can invest in recurring deposits in banks and if you are a salaried person you may voluntarily invest more money in P.F or you  you may invest in systematic investments plans(SIP).
Last but not the least  Every building is built by small small bricks only.