HDB Financial Services

We know that working on a household budget isn’t exactly your idea of spending a romantic evening but it is one of the keys to a happy and peaceful married life. Paying off the credit card bill every month on or before the due date wasn’t a part of your marriage vows but it can surely strengthen your relationship in more than one way. Partners who ignore or avoid discussing financial matters with each other often find their financial life in disarray. It is important to educate each other about things like personal loan interest rates , tax rebates, new savings instruments in the market etc. to maintain the financial health of the family. There should be enough clarity on who is supposed to do what. For example, paying the monthly electricity bill, keeping tabs on the bank debits and credits or paying health insurance premiums etc. Involvement of both partners in financial matters Most financial experts agree about the fact that both partners should be completely clued on to the fi...

Come New Year and we all get into the resolution-making mode, deciding to break off bad habits and inculcating savings on a regular basis. Unfortunately what begins on the 1 st of January quickly loses steam and in a couple of months, the resolutions are put on the back-burner as old habits come rushing back. Ask yourself the following questions:  Have you ever considered taking a loan against property due to financial shortfalls?  Do you regularly miss a payment due dates of electricity bills, mobile bills or credit card payments and end up paying late fees?  Do you make impulse purchases only to regret it later? If the answer to the above is yes, then it is necessary to check your financial health. To help you to do this easily, here is a list of effective way to manage personal finance:  Analyse your financial relationships: Ask yourself whether it is necessary to have multiple financial relationships for a similar family of products. Make life easy by discarding multi...