Wizley Blog

  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. Earn Instant Cash upto Rs. 1000 - Download Wizely today! 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 l...

  Saving, as a habit , has been a part of the human psyche since Stone Age. Even when surviving in caves, humans had the basic understanding to store or save their resources and utilise them in need. But all this while, we were never taught how our resources would or in today’s age, money will grow with time. The money that you invest fetches you additional monetary returns as years pass. But there are several factors to be considered before and after investing your money. Evaluation of Investment Products There is always going to be a certain level of uncertainty that affects the ultimate outcome of any investment. That is something we cannot control. But we can control the quality of our investment decisions. Below are some factors to be considered while evaluating your investment products: Investment Period –It is important to understand the time period of investments. There are many investment products which have a lock-in period. For e.g.: Equity Linked Sa...

With the Covid-19 crisis upon us yet again, there are many different aspects of your life that are getting affected. Understandably this can cause panic - but this also presents you with the opportunity to examine some of your financial habits and look at ways to make better decisions. As we are in the middle of a pandemic, there are lesser things to do and therefore fewer things to spend on. So it’s a good time to spend some time and differentiate between your needs and wants. One way to look at this is through the 50/20/30 budgeting rule. What is the 50/20/30 Budgeting Rule? According to this rule, you need to split your income into 3 buckets - 50% of your income goes towards your needs - for example expenses like groceries, rent, transport, etc. 30% of your income is dedicated towards your wants - for example, things like shopping, dining out, hobbies, etc. 20% of your income is put away towards your savings - Devote this chunk of your income to paying down e...

For decades, gold has been one of the favourite investment options for many Indians. When financial markets were not as mainstream as today, real estate and gold were the only investment options commonly understood by the retail investor. Start saving in digital gold with as low as Rs 10 and earn up to Rs 25 lakhs on the Wizely app. Amongst the two, gold had the massive advantage of allowing people to invest even tiny amounts. It was also considered to be safe and was widely accepted. Recently, the trend of investing in digital gold has picked up, and it has left many retail investors wondering, what is digital gold? Here we will try to explain what digital gold is and talk about the pros of investing in it. What is Digital Gold? Digital gold is a safe and easy way to invest in gold. When you invest in digital gold with any company, that company will buy the equivalent amount of digital gold and store it in a secure vault under your name. You can buy and se...

"The desire of gold is not for gold, " Emerson says eloquently. "It's for the sake of liberty and benefit." It certainly is! Investing in gold provides you with both of these features, which assist in guaranteeing your present and future and the futures of your loved ones. Did you know you can buy gold from as low was Rs 10 on the Wizely app? However, there was a period when buying this valuable metal in its basic form was the only way to get it. As a result, the investor became subject to theft and storage concerns, which curtailed their gold purchasing. Thankfully, this is no longer the case! Gold investments are now available in various media, the most popular digital gold. Start saving in digital gold with as low as Rs 10 and earn up to Rs 25 lakhs on the Wizely app. Make sure you read the following comparison carefully before making a significant gold investment. Infographic by Wizely Also read: What is Digital Gold? Why Sho...

  Are you looking for business ideas that require an investment of less than Rs 10,000? Check out the list below, and you might find something interesting. Home Bakery - If you enjoy baking cakes and cookies, this might be a good option. You can efficiently market your business on Instagram and with friends and family. You can also keep experimenting with new products and adding more items to the menu. You can quickly start this business with minimal equipment investment. YouTuber - If you enjoy making videos or are passionate about anything that you would like to share with the world, Youtube is probably the best place to be. You can begin with minimal equipment investment and add products for better quality as you see some income. This method might not pay off as instantly as a home bakery business, but it has many scalability and growth potential. Take Tuitions - If you have any skill that you believe people in your community would be willing to pay to learn, then you can ...

Learning to make a budget is the first step in any financial journey. Whether we like it or not, we are all part of a complex economic system. We live in it and interact with it every single day of our lives. In such an environment, if one wants to grow, it is crucial to understand how this system works and what are the best tools that one can use to navigate this system smoothly. One such tool is a budget planner. There are a lot of budgeting tools and budget planners available on the internet. Some of these are complicated and could make budgeting seem difficult, but if one understands what a budget is and the essential components that a reasonable budget should cover, a pen and paper are all you would need to create an easy budget that works well. What is a Budget? A budget is a plan that you make for yourself regarding your spending habits. There can be many types of budgets, depending on your purpose behind creating one. You could make a monthly budget, weekly budget, or even a da...