However, your financial well-being has a lot to do with your behaviour. This column has touched upon it regularly. A study published earlier this year in Malaysia suggests that individuals with a firm grasp of personal finance and money management are more inclined to make prudent financial choices, exercise self-control, and avoid excessive spending.
The operating words are ‘prudence’, ‘self-control’ and ‘avoiding excessive spending’. new data from the Reserve Bank of India shows that credit card defaults are rising in India. The ease you can spend can have a ripple effect on your wealth outcome. Financial technology or Fintech companies play a role in causing that ripple effect. They simplify spending money you do not have or spend tomorrow’s money today. A study of the lower income households in Malaysia last year found that due to the ease of buying digitally, the desire to have a stylish lifestyle and display an image of wealth was a driving factor for them to buy luxury cars, stylish homes or high-end electronic devices. In many instances, people used debt.
Denne historien er fra September 30, 2024-utgaven av The New Indian Express.
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Denne historien er fra September 30, 2024-utgaven av The New Indian Express.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Starting from the outside
Options for careers in pubic administration apart from the Civil Services
Duleep Trophy likely to go back to zonal format
BCCI AGM THE 2024-25 domestic season's curtain raiser, Duleep Trophy, which was played in a four-team format, is likely to go back to the original zonal format in the next season.
GREEN PARK'S GRASS LESS GREEN THAN OTHER SIDE
Play called off for the second consecutive day on Sunday due to wet outfield leaving thousands of fans frustrated UTTAR PRADESH CRICKET Goldige Goldies Goldtee RALCO INFRA.
BCCI brings its vision to life
AWAY from the chaos and hustle of Bengaluru city, spread across 40 acres of land in the quiet neighbourhood of Bande Kodigehalli, Singahalli, stands the BCCI's long-time dream that has finally come true - a state-of-art National Cricket Academy (NCA).
Meg-isterial: A World Cup without its OG superstar
IT'S that time of the year for cricket.
Defending champions Railways beat IOC to bag Murugappa Gold Cup
DEFENDING champions Indian Railways - RSPB got the better of Indian Oil Corporation (IOC) 5-3 in the final to lift the trophy in the 95th All-India MCC-Murugappa Gold Cup Hockey Tournament here on Sunday.
Tottenham embarrass 10-man Man United
TOTTENHAM piled more pressure on Erik ten Hag's position as Manchester United manager with a dominant 3-0 win at Old Trafford on Sunday.
Reliance Infra wins ₹780 crore arbitration case
ANIL Ambani's Reliance Infrastrcture said in an exchange filing that the Calcutta High Court has upheld a ₹780 crore arbitration award in favour of the company in a dispute with West Bengal-based Damodar Valley Corporation.
WHY FINANCIAL BEHAVIOUR DECIDES WEALTH OUTCOME
YOU want to do the right thing when it comes to money. Your hardearned income deserves better direction and management to generate the wealth effect needed to meet your lifestyle goals.
EQUITY SAVINGS FUNDS UNDER THE SPOTLIGHT
IN the previous column, we had commenced a discussion on Equity Savings Funds.