Wizley Blog

  Taking a decision to start your investment journey is a big one and we want to make sure that you are well prepared for it. Investments are a part of your financial wellness journey, but not the beginning. Start saving in digital gold with as low as Rs 10!  Download Wizely So before you take the plunge into the world of stocks, bonds and portfolios, consider the following things. 5 Things to Consider Before You Start Investing 1. The Budget Check Do you make and follow a  monthly budget ? Do you have clarity on your fixed and discretionary expenses every month? Tracking your monthly budget closely can help you determine how financially fit you are. Are you spending on the right things or do you need to trim certain expenses? Your saving and spending habits will help you plan better for your long-term and short-term goals and accordingly, prioritize your investments. Also read:   5 Budgeting Hacks That Really Work 2. The Debt Check Are you currently in  debt ? Do you have loans that y

Winter is here and so is the festive feel in the air. While we all feel like stepping out to celebrate, we must remember that the pandemic is not over yet and we must still take all the necessary precautions. At the same time, the festive season comes with its own set of unplanned expenses. These expenses can disturb your budget and financial planning if you do not make them wisely. Start saving in digital gold with as low as Rs 10!  Download Wizely Let us look at three pro tips to survive this festive season on a budget. Plan All Your Expenses  - Planning is the best way to keep your costs under control. We are all well aware of the rituals that happen during the season. It is best to plan these occasions. Have a plan for Diwali night. Make a list of all the gifts you need to purchase and buy them all together.  Make a list of everything you’ll need for your house and buy them all together. If you do it one by one, then there is a big chance that you will end up spending a little extr

Summer is here and we all want some   thandi hawa   and escape to the mountains for a few days. For any type of travel, financial planning is essential so that you don't end up spending more than you can afford and still have all the fun and   masti   that you wish for! Start saving in digital gold with as low as Rs 10!  Download Wizely So let's look at some of the top travel hacks that can help you make the most of your summer travel plans, without burning a hole in your pocket! 1. Use Discount Apps for Local Touristry We agree that finding low-cost round-trip flights is the most excellent way to begin any holiday, but why stop there? Whether it's a music festival or theme park tickets, using discount apps like Living Social and Groupon to purchase tickets to major events and attractions can save you money. For example, festival tickets on these sites can be half the price of those purchased at the door. It constantly asks about your travel memberships to get savings on pl

  Whether it's in your personal life, family, business, or hobbies, one always seeks to have a healthy lifestyle. There is one simple and best method, the 21/90 rule - a simple and straightforward practice. Start saving in digital gold with as low as Rs 10!  Download Wizely What is the 21/90 Rule? Committing to a professional or personal goal for 21 consecutive days will eventually turn your goal into a habit. And pushing it for 90 days can make it a permanent lifestyle change. Now that you have known what the 21/90 rule is, the next step moving ahead is to understand how you can apply this rule to better your finances. There is always a need to improve your life even when you already might be living the life you desired. What're the best steps you can take to achieve with the 21/90 rule?  Download Wizely Use the 21/90 Rule for Financial Success Follow the following six steps to achieve the financial goals you desire. List down the things that matter the most to you financially

  We often assume that the word investment is for the wealthy - the people who work in high profile MNCs or own a business that have large turnovers. There’s the misconception that a normal person, without a ton of wealth, cannot play around with investments! Start saving in digital gold with as low as Rs 10!  Download Wizely But we’re here to tell you that investments are a tool for EVERYONE. Having said that, let’s dive into some smart tips on how to start investing even if you’re not rich. Start Learning to Save The first step in learning to invest is to learn to save. Only when a person has enough for his or her needs can they have more to invest. Audit your expenditures and see where you could actually cut costs and start saving. The focus should be on building this saving habit step by step - you could start with the 50-30-20 rule, or have a goal of reducing your impulse shopping. You could then open an online savings account and start to save money there. Once there is enough sa

  Many people seemed to be interested in Index funds these days and we believe that is a good thing. Index funds are the easiest and cheapest ways to passively invest in the stock market. So let us understand what are Index funds and how you can invest in these funds. What is an Index Fund? An index fund is a type of a mutual fund that tracks any particular index. You must have heard of the Nifty 50 index. This index has the top 50 companies in the country. Now if you invest in a Nifty 50 index fund. What you are basically doing is that you are investing in the top 50 companies in the country. Here are some key things you need to know about Index funds. Earn up to Rs 25 lakhs in cash rewards with Wizely Wednesdays.  Download Wizely How Much is the Fee to Invest in Index Funds? Low fees is one of the main reasons why investors opt for index funds. On average, the fees for most index funds is between 0.1 to 0.2 %. This is much lesser compared to the average 1% that is charged by most act