QUIT SMOKING... FOR YOUR HEALTH & WEALTH

Many of us spending lot of money to rectify, rearrange and reconstruct almost all items of our household, year by year.I just want to share some tips, which will have small changes in our life and also our household budget. Today, it is a small amount, tomorrow it will be huge amount, which we cant think of.The first tip in this line is not a TIP actually. But it is a request to ALL SMOKERS in the World.Please QUIT smoking today... It is a small factor I am giving. One is consuming 5 cigerettes per day. Its costs less than Rs.20 per day. If the same smoker used to smoke 5 cigerettes for a month, it costs Rs. 600. For an year it costs Rs. 7200.If you quit smoking you will be directly earning Rs.7200 minimum per year. And ten times more bills of hospitals i.e. Rs.72000 per year, because of the ailments related to smoking.It is a simple thing I have shown. But I know people drinking more than 30 cigerettes per day. Then what will he spending - Rs.43800/- per year. Horrible!!!!SO PLEASE QUIT SMOKING TODAY. HAVE A GOOD AND HEALTHIER LIFE IN WHOLE.

HOME LOAN - RISK OR?

HOW IS YOUR HOME LOANAs you know city homes are too expensive and hence the burden of house loans is huge. So many types of house loans are available in the market. But the borrower must be familiar with the formalities etc.Site LoanBanks give loans for purchase land. You can use it to construct your new house or simply use it as an investment. And really real estate is a good investment in present scenario. Home Conversion LoanThink you have taken a loan for home and later you find that the space is not sufficient for you and wants to move to a larger home. And off course the new home you intend to purchase will cost more. Now the role of a home conversion loan comes. It enables to transfer the existing house loan to a new account, which includes the extra amount required to purchase a new and larger one. And prepay of the earlier loan does not arise.Fixed and FloatingMost loans are fixed and floating. The rate of interest will not change in a fixed rate loan. Here you are aware of the interest rate, which is to be paid by you. The interest rates that adjust periodically during the tenure are floating rate loans. It is cheaper as compared to fixed rate loans, by a few points. Here you start with a lower interest rate than a fixed rate loan.Home Improvement LoanYou have several internal and external repairs and maintenance like painting, waterproofing, plumbing, electric work, tiling, flooring and so. Here you can avail these types of loans. What about interest ratesIn case of floating loans, the interest rates move up and down with long term tenure. For the borrower, it makes good tax incentive and average rate. There are so many factors that influence the interest rates movements;a. Inflation: Inflation pays significant role to influence the monetary policy of Reserve Bank of India. RBI forces the Banks to hike interest rates. b. Liquidity: Liquidity in the system is another parameter which influences interest rates. It influences the cost of acquisition of funds for the banks. When the liquidity is low, cost of raising funds will increase and it will increase the interest rates on lending. Fund inflows from other countries and cut in the CASH RESERVE RATION (CRR) increase liquidity and vice versa.