Empower your children by fostering financial wisdom early

Empower your children by fostering financial wisdom early

Source: Live Mint When preparing children for life, financial literacy is often neglected, though it plays a crucial role in shaping their future success and well-being. Instilling financial knowledge and responsibilities from an early age fosters independence, confidence and resilience.  Parents, as primary influencers, have a profound impact on their children’s financial attitudes. However, it…

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Why banks flag business expenses paid on personal credit cards

Why banks flag business expenses paid on personal credit cards

Source: Live Mint Banks monitor spending activities, regularly auditing suspicious transactions and on finding any misuse, they repeal the accumulated rewards, or worse, suspend the card. How banks monitor As per the most important terms and conditions (MITC) of banks, non-commercial credit cards can be used for personal expenses only. Non-personal usage includes buying goods…

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