What is the 28/36 Debt Rule?

The 28/36 rule of thumb is a mortgage benchmark based on debt-to-income (DTI) ratios that homebuyers can use to avoid overextending their finances. Mortgage lenders use this rule to decide if they’ll approve your mortgage application. When mortgage lenders are trying to determine how much they’ll let you borrow, your debt-to-income ratio (DTI) is a […]

What is The 20/4/10 Car Loan Rule?

According to the 20/4/10 rule of thumb, you should be able to pay 20% of the on-road price as the down payment. The loan tenure should be for a maximum of four years, and the equated monthly installment (EMI) should not be more than 10% of the monthly income. First, it’s important to decide how […]

Understanding Better Cash Flow for your Finances.

Cash flow is the lifeblood of your business. The cash flow is a measurement of the amount of cash that comes into and out of your business in a particular period of time. When you have positive cash flow, you have more cash coming into your business than you have leaving it, so you can […]

What is The 50/20/30 Spending and Saving Rule?

The 50/30/20 rule of thumb is a way to allocate your budget according to three categories: needs, wants, and financial goals. According to the thumb rule, an individual should allocate 50% of the income to “needs” or essential expenses, 30% to “wants” or discretionary spending, and 20% towards financial goals or savings. The essential expenses […]

How to Make Money from Home?

During the tough times or just as a second income, being at home and getting paid is a great thing. It’s very convient to be able to work from anywhere and on any device. Since not all jobs are the same and require onsite presence, shifting the office hours to off site is possible. This […]

How to Start Your Investment Journey?

Tips to Kickstart Your Future Investments To start investing and learning how to invest is not to difficult to catch up and learn how. The internet is a wealth of information, only couple of sites to research and a few clicks away, you will find the steps to become a successful investor in no time. […]