The Vibe Journal: Finance Blogs

When it comes to convenience in financial services, both mobile banking and online banking play a vital role in offering instant access and data. While online banking has been around for longer, mobile banking is relatively new. Both options provide access to financial services but have their separate advantages.  Many financial institutions offer both services …

Knowing how to calculate comprehensive income is an important aspect of managing cash flow and budgeting. When it comes to business, keeping a record of all your cash inflows and outflows is a priority.  Knowing the total earnings from your business venture helps you take calculated risks. You can also decide when and how to …

The working capital cycle is an essential financial indicator of your business’s financial efficiency. This measures and tracks your business’s time to convert assets and liabilities into cash. In simple words, this cycle dedicates how long it takes for you to arrange finds for your business.  Knowing this is important as liquidity is a crucial …

In business, cash flow and cash flow statements can be helpful in understanding the liquidity of funds. That way, you can improve your cash management to carry out day-to-day expenses.  Management of cash flow means control of cash outflow with analysis of possible sources of inflows. This ensures your business’s financial stability to perform the …

The credit card lifecycle has different phases. One of the important components to take into consideration as a user is the billing cycle. Every credit card comes with a billing cycle – some for 30 days, others for 28 days – depending on the issuer offering the credit card.  Understanding this is crucial, as failing …

An identity proof will prove who you are while an address proof document will prove where you stay. In India, commonly accepted ID proofs & address proofs include an Aadhaar card, passport, driving license and voter ID card among others. In case you need to apply for KYC, open a bank account, join an organization, obtain a loan or SIM …

Once you start a career as a professional, you will need a salary account to get your earnings credited each month. This is your first step toward financial independence, and understanding the various salary account benefits will help you plan your finances better. Opening this account takes just a few minutes and requires some documents. …

Understanding the TDS on the interest of fixed deposits is an important aspect of calculating your total earned interest. It also directly impacts your total earnings, which is important when you are investing.  Here is everything you should know about TDS on fixed deposit interest and how much fixed deposit interest is tax-free to plan …

Do you aspire to start a business? In most cases, financing is one of the major hurdles in achieving entrepreneurial dreams. But you don’t need to factor in a hefty investment. If you want to start a business with a low budget, you can find many options, from affiliate marketing to investing in a boutique. …

You will come across the term compound interest in various financial facets and investments. Starting from savings accounts to loans and fixed deposits, it is a common term. With it, your money can grow much faster and you can build wealth quickly.  Similarly, when your loan interest compounds, your outstanding debt can quickly become larger. …