Day: December 1, 2020

Every business needs capital to function smoothly, capital for machinery, capital for day to day business, capital to pay salaries etc. However, there are certain expenses which are unplanned and uncertain. It is difficult to arrange funds in such cynical events, especially if you don't have much savings in your account. There are various options of getting the finances, a personal loan against gold etc. However, these options take time for approval and disbursement of funds. Bank Overdrafts can be certainly a viable option in such circumstances. What is bank overdraft: A bank overdraft is the credit facility provided by banks in which you can withdraw the funds above the account balance when you don't have sufficient funds in your bank account. It is thus an extension of the monetar

In America, 69% of adults reported having less than $1000 in a savings account.  With so many people unable to support themselves when things get rough, it's time for a change. If you are tired of feeling broke and unprepared, you need a plan to start pouring into your savings. Want to know the secrets to save more money in 2021? Follow along for 5 money-saving strategies that are guaranteed to pad your pockets in the coming year.  50-30-20 Budget Rule This budget to save money is a simple formula. Of each paycheck, 50% should go towards essentials. This includes necessary bills like your rent or mortgage, groceries, gas, etc.  Keep this in mind when you are in the market for a new rental or car as well as these necessary spending areas shouldn't encompass more than 50