8 Free Google Courses to Learn and Earn Big

Google, the king of search and part of Alphabet, Inc. offers range of free online courses for everyone.

The most trusted and technologically advanced company in the world offers free courses for individuals who want to develop the skills that the technological world requires and make their future secure.

One of the greatest benefits of the advancement of the Internet is the democratization of education and learning. Before that becoming a specialist in a subject was time consuming and expensive process.

Today, the possibilities of expanding knowledge is within the reach of a click, and most importantly, without having to pay a single penny. And in a world where technology is a fundamental part of our day-to-day life, to sit back and watch the trends pass would be to condemn ourselves to unemployment.

For this reason more and more companies like Google open to their users the possibility of participating in free online courses, which can be taken from anywhere, at the pace you want and earn certificate.

1. Google Primer

This mobile app offers short, practical lessons on the world of marketing and business. It was designed specifically for students or entrepreneurs who want to gain new skills in the digital world. For example, tools to build a business plan, tips for creating a website, email marketing, content marketing, storytelling, initiatives to improve the user experience on the web, among others.

The app is available for iOS and Android devices. You can learn about business and marketing skills from Google Primer.

2. Digital Garage

This is an online platform created by Google with the aim of helping to exploit the digital potential of business. It has 26 topics divided into different lessons, each accompanied by explanatory and fun videos to facilitate the online learning process.

Some of them are: opportunities in the online world, how to take advantage of search engines, display advertising, online store, selling through the Internet, content marketing and more. The course can be completed in as little as eight hours if done in a row.

Learn new skills for a digital world @ Google Digital Garage

3. YouTube Creators

For video lovers, YouTube creator academy has an extensive catalog of training programs designed for those who are starting to build their content channel or for those who want to take it to another level.

The courses include information on how to earn money with YouTube, audiovisual pre-production, video game channels, music channels, YouTube Analytics, copyrights, live broadcasts, among other topics.

4. Google My Business

Through this tool, Google helps online and physical businesses to create presence in the search engine and constantly update their information with news, photos, promotions, location, and so on. While not a course in itself, Google My Business teaches entrepreneurs to position themselves correctly online and interact properly with their customers or potential buyers.

5. Machine Learning

This intensive Machine Learning course is one of the most specialized. Previous knowledge is recommended for study, for example, basic algebra, programming concepts and experience in handling code in Python. It offers 25 lessons, more than 40 exercises, real success stories and interactive visualizations of algorithms in action. It can be completed in 15 hours.

6. Google Analytics Academy

This platform educates users on how Google’s measurement tools work and provides them with resources to make intelligent use of the data they collect. It has three courses: one for beginners, one advanced and an introduction to Google Analytics 360.

7. Google Ads Best Practices

More than courses, Google Ads helps users learn how to take full advantage of the benefits of AdWords (sponsored advertising service). Guides on how to generate traffic in stores with online campaigns or on how to choose the right keywords to position the ads successfully in the search engine, are some of those offered by the site.

8. Google Cloud Platform Big Data and Machine Learning Fundamentals

Through Coursera, the online education platform, Google offers this intensive course on the macrodata functions and automatic learning of the Google Cloud Platform. Although it has a cost, interested users can take it for free only as attendees. To do so, they must have at least one year of experience in topics such as data modeling, Machine Learning or Python programming.

Save Money for IVF: Free Financing of 5 Lakhs, Low Cost Treatment, Insurance

Being a childless couple is painful for both mother and father. And as they say, there are solutions to every problem in this world. The same goes true with infertile couples. We’re talking about In-Vitro Fertilization (IVF) treatment here. IVF has turned out to be the last ray of hope for couples, when every option to have a child fails.

However IVF cost, which is more than Rs. 2,00,000 per cycle, makes it unaffordable for many, especially poor. Although there are financing options available in the market, the high interest rate further makes it financially unaffordable for low income earning families.

As mentioned above, there are solutions to every problem, there is a solution to the high cost involved in IVF treatment which is Save Money.

Listed below are the options available to save money for IVF and related medical procedures:

  1. Free financing
  2. Low cost treatment
  3. Health insurance

Free Financing for IVF

Government of Goa has launched “Matrutva Yojana” for women from Scheduled Tribes (ST) community. Under the scheme, financial assistance in the form of money will be provided to the married couples. Rs. 5 Lacs is provided for FREE. And the money can be used for medicines, medical tests/treatments, doctor’s fees. However the condition is that – couples are unable to conceive their first child after three years of marriage. To further reduce the burden, Rs. 25,000 will be given in advance for doctor’s consultation and medical tests/examinations.

Isn’t this a great option to save money as the cost is borne by the government?

Low Cost IVF Treatment at AIIMS

All India Institute for Medical Sciences (AIIMS) – New Delhi offers low cost treatment for IVF which is nearly 70% less compared to private hospitals and fertility clinics.

Here’s the table showing the medical cost for various procedures involved in IVF from AIIMS:

Above Image Source: https://aiims.edu/images/pdf/rate/IVF.pdf

Health Insurance for IVF

Another way to save money for IVF is buying health insurance. By making periodic premium payment, policy holder can get cover amount at the time of IVF treatment. However there are very few companies offering IVF insurance in India as follows:

  1. “One Health” from Magma HDI General Insurance Company Limited – The health cover offered is small upto Rs. 50,000 but has waiting period of 3 years.
  2. BMB Nirbhaya – Bhartiya Mahila Bank and New India Assurance
    Note: Bharatiya Mahila Bank (BMB) has now merged with State Bank of India. So whether this product exists or not, is not known.
  3. Fertility Insurance Scheme (IVF Suraksha) by CRAFT Hospital and Research Center – This is on a expensive side and requires individual to become member by paying Rs. 2,75,000. After that, series of treatments can be availed. However if the treatment doesn’t give positive result, the scheme will refund the money.
  4. ‘Family Health Optima’ – Star Health Insurance offers maximum coverage of Rs. 2 Lacs for various Assisted Reproduction Treatments – intrauterine insemination (IUI), Intra-Cytoplasmic Sperm Injection (ICSI), In-Vitro Fertilisation( IVF) and TESA / TESE (Testicular / Epididymal Sperm Aspiration / extraction)

Hope the above listed ways to save money for IVF treatment helps. Should anyone have any queries, please mention in the comment box below. And the same shall be answered as early as possible.

9 Tips for Better Debt Management/Recovery – Planning & Saving

If you feel that no matter how hard you try, you can’t fill the debt gap, and on the contrary, it gets bigger or you plan to buy new credit, then read this article to avoid making your situation worse.

First do the analysis of how your debts are going…. and not wait until the end of the year when you are already immersed in a series of obligations and end up being another purpose again for the year that begins.

For the honest man, debt is a bitter slavery. And historically, debts have been stigmatized as a bad habit, which instead of helping in life become a growing burden.

But if you know how to manage your obligations, they can be the best ally to achieve your goals. Debt allows you to get goods and services that have a high value. And knowing how to manage these obligations will guarantee you to enjoy everything you have achieved, or else you may losing everything.

So here are some guidelines for debt recovery

1. Review your debts

Typically, mortgage debt, personal loans, and vehicle debt make up the majority of your total financial obligations. Analyze how you have these obligations distributed and begin to organize your payments to phase them out.

2. Start paying off higher-interest debt first

Some debts are difficult to pay because they grow uncontrollably over time. Analyzing and paying these obligations early will ensure that you avoid paying even two or three times for the product or service purchased. If you have several debts with similar interest rates, pay first the one with the lowest balance, this will allow you to feel free and will motivate you to continue paying the rest of your commitments.

3. Make a payment plan

Depending on your ability to pay, start paying off high interest debts so that you can lower your amount in the future. If, on the other hand, these obligations are too high, start paying off the debts of small installments, so that you can get more cash flow and you can start making your payments of highest installments.

4. Reduce time and no fees

When you are called by a bank or financial institution proposing to reduce the fees you have been paying, what they are doing is increasing the term of that obligation, and thereby increasing the interest you were scheduled to pay. What you should do is shorten the term of the debt so that you end up paying less interest on it.

5. Reduce your monthly expenses

Lack of cash flow is often a barrier to debt reduction. But have you really thought that these “unnecessary” or “whimsical” expenses could become the fee you can overpay? Simply review what expenses are not needed on a day-to-day basis and at the end of the month you will have a percentage of cash that you can use to reduce some of your major debts.

6. Make progressive savings

Most people know that saving is very important, but why don’t they do it? The main reason is that they do not have a simple and effective method. If you start by saving $2,000 and daily increase that savings by $500, you will have $1,005,000 after 60 days. Do not use this money for buying something expensive but to pay off a debt, or why not generate a new source of income. This is a very simple method recommended by financial experts.

7. Eat healthy, stay healthy

It is proven that eating fruits, vegetables, fish meat, mineral water, is healthier and improves our body; it is also more economical. In contrast, all processed, pre-cooked foods contain components that are detrimental to your health. The no. 1 cause of illness is poor nutrition, so this point not only generates savings in the present but also avoids high health costs in the future.

8. Eating at home is healthier, more enjoyable, and financially smart

Eating in a restaurant is practical and very simple, and avoids the need to clean the kitchen and other requirements. But actually eating out can be 3 to 5 times more expensive than eating at home. Preparing food at home helps not only your health but also your financial balance.

9. Provisioning is better than borrowing

There are expenses that are not incurred every month, but every six months or every year. Taxes are one such issue. So it is best to set aside an amount of money each month for this and when the time comes you will not need to resort to a loan or financing for this payment.

All purpose requires effort and sacrifice, if you learn to manage your debts and financial obligations you can achieve great things in a shorter time than you might have imagined. There is still time to correct bad practices or improve your financial habits.

How to Save, When You Earn Little

Saving should be one of the main objective of everyone including businesses. Let’s understand why and the best ways to do it.

It is not a coincidence that restaurants, as well as shopping malls, among other places, are usually full on the payment date of companies whereas opposite is the case, i.e. days before the payment, as it has very few people. The reason is very simple – the financial habits of the people.

The financial culture of most people is the reason why they live in debt and the money they receive disappears quickly.

Savings can be a solution to this problem, as a worker with money in reserve, in his or her accounts is safe from any eventuality. You can’t expect to earn more money to save, nor can you think of salary increase as an opportunity to spend, nor visualize saving as a sacrifice, rather than an investment.

To talk about savings,it is also necessary to talk about expenses, because many do not understand what this implies, nor do they seek to change consumption habits that keep them empty. Remember that to buy something it is better to have a savings, because if you do it with a credit card you end up paying 20% or 30% more for the same product.

Surely it must have happened to you that on a busy day, when you were in many different places and paid multiple costs for meals, transportation, and the occasional gifts, you finally realized that everything you had in your pocket was gone. This happens because you didn’t have any control over the expenses, since you didn’t have the budget to spend that amount of money for that day.

To save money, you must have a strong conviction, so it is advisable to have an incentive, this may be to pay for a trip, a house, a new TV or any other good or service you want. This will give you a goal and range of money to save.

Here are some tips to help you save money

Spend less on services

There are bills you pay every month and can be much cheaper, this is the case with utilities such as water, gas or electricity, most people spend more than they need, especially on water resources. You can spend less time bathing or washing your dishes with little water, you can also turn off the lights and turn off the appliances you are not using. For services where you can’t save money, such as the Internet or television, it’s worth checking to see if you can buy a cheaper package from another operator.

Make a budget

To prevent money from going out of your pocket, make budgets and record all your expenses so you don’t think money will fall out of your pocket and have more control. It’s even good for knowing clues to help you understand what expenses you can start saving on.

The budget should include an amount earmarked for savings, and in the case of families, you should try not to make daily expenses by visiting markets often.

Save the extra money

If a friend suddenly pays you back a debt that you wrote off, or you sell some property or got a bonus on the job, use this capital to save it for some purpose. Be strong and resist the temptation to spend it immediately.

Generate more income

You should not consider that your only source of income is the salary, which almost never goes up. Instead think of ways to get more money authentically. If, for example, you have free time, consider these hours as an opportunity to earn money, you can work as a freelancer or train for a better job.

Spend less by changing habits

To save you money you don’t need to go hungry or significantly reduce your quality of life, you can do it by changing habits that generate similar results. For example, you can ride your bike or carry lunch from home. And it’s also important to watch out for offers on day to day items. If there’s one thing the ‘spendthrift’ loves, it is the offers.

4 Ways to Save Money on Cancer Treatment: Free Insurance, Low Cost Treatment & more

Cancer is one the most deadly disease and leading cause of death worldwide. And even worse is the pain and emotion it brings and most importantly the treatment expenses.

Even after taking the treatment, every year more than 5 Lakh people die of cancer in India as per statistics from National Institute of Cancer Prevention and Research. Depending on the type of cancer, the cost of treatment varies. And the treatment expenses wipes-off significant amount of money from the individual’s pocket.

Although there are personal loan for medical treatments available but such a loan puts the borrower in a bigger debt as the overall treatment cost increases due to high interest rates since it is an unsecured loan. There are secured personal loans as well carrying lower interest but in either case, borrower will be in debt.

But there are other ways to save money on cancer treatment providing relief to the patient and his/her family members to a great extent.

The options are:

  1. Financial aid from the central and state government
  2. Low cost treatment centres
  3. Life Insurance – Free (no premium to be paid) & Paid
  4. Health Insurance – Free & Paid

Let’s get into detail of each of these ways to save money on cancer treatment.

Financial Aid from Government of India

Not many of us are aware of financial aid given by Indian government to the cancer patient for treating the disease. This financial assistance for cancer treatment is especially for the poor or individuals falling under below poverty line (BPL). Here is the list of schemes from the government and the financial aid provided:

Name of Government SchemeFinancial Aid
Rashtriya Arogya Nidhi (RAN)Up to Rs. 1,00,000/-
State Illness Assistance Fund (SIAF)Up to Rs. 1,50,000/- or more
Health Minister’s Cancer Patient Fund (HMCPF)Up to Rs. 2,00,000/-

Low Cost Treatment Centres

There are many hospitals where a cancer patient can be treated at a very low cost compared to private or other hospitals.

Tata Memorial Hospital, Mumbai & Kolkata: This world class cancer hospital and largest in Asia is the leading cancer treatment and research centre in the world. Being a non-profit hospital present in Mumbai and Kolkata; 70% of the poor and underprivileged patients are treated for free or at a highly subsidized rates. (https://tmc.gov.in/)

All India Institute of Medical Sciences (AIIMS), New Delhi: Offers various cancer medical tests and treatment procedures at lower rates compared to private hospitals.

Rajiv Gandhi Cancer Institute and Research Center, New Delhi: Is a non-profit treatment centre and offers diagnostic and therapeutic treatment at a very affordable rates. (http://www.rgcirc.org/)

Shree Santram Samdhi Sthan, Nadiad (Gujarat): Offers treatment to individuals from low or middle income at a very affordable cost. (http://www.santramhospital.in/)

Adyar Cancer Institute, Chennai: This charitable hospital offers free of cost treatment to 40% of the patients and charge a nominal amount for the rest. (http://cancerinstitutewia.in/CI-WIA/)

The Gujarat Cancer & Research Institute, Ahmedabad: Offers free treatment to individuals below poverty line and the institute’s staff. General category patient are treated at an extremely lower cost. (http://gcriindia.org/)

Indian Cancer Society, Mumbai: Provides cancer check-up/screening service at a very nominal charge. The society also supports patients with annual family income of less than Rs.1 Lakh. (http://www.indiancancersociety.org/)

Kidwai Memorial Institute of Oncology, Bangalore: Treatment cost at this institute is very nominal. Also the medications provided here are 40 to 60% cheaper than the market rates. (http://www.kidwai.kar.nic.in/)

Other treatment centres offering affordable cancer treatment are:

  • Netaji Subhash Chandra Bose Cancer Research Institute, Kolkata: (http://www.nscri.in/)
  • Regional Cancer Centre, Thiruvananthapuram (https://www.rcctvm.gov.in/
  • Sri Shankara Cancer Hospital and Research Centre (https://shankaracancerfoundation.org/)

Low Cost Life Insurance for Cancer

Insurance is the best money saving option when undergoing treatment for disease like cancer because of the treatment cost which is largely paid by the insurance company. Depending on the type, insurer will pay certain amount of money in return of premium paid by the insured person.

Person can buy either life insurance or health insurance for cancer.

Listed in the below table are the companies offering life insurance for cancer:

Life Insurance Plans for CancerPremiumPolicy Cover
Indian Cancer Society + New India Assurance CompanyRs. 421Rs. 50,000
ICICI Prudential Cancer Care PlusFor a cover of 10 Lac Rs. 4,604-Rs.8,945 (men) and Rs. 8602-Rs.14,845 (women)Rs. 5 Lacs – 25 Lacs
Max Life Cancer Insurance PlanRs. 8,050 for 20 Lac coverRs. 10 Lacs - Rs. 50 Lacs
AEGON Life iCancer Insurance PlanRs. 5,633 for 20 Lac coverRs. 10 Lacs - Rs. 50 Lacs
HDFC Life Cancer Care PlanRs. 3,400 - Rs. 8,700 for 20 Lac coverRs. 10 Lacs - Rs. 40 Lacs
Future General Cancer Protect PlanRs. 1,144Rs. 10 Lacs - Rs. 40 Lacs
SBI Life Sampoorn Cancer SurakshaRs. 660 for 10 Lakh coverRs. 10 Lacs - Rs. 50 Lacs
Shriram Life - Comprehensive Cancer Care PlanMinimum premium Rs. 500Rs. 5 Lacs - Rs. 50 Lacs

As you can see, insured person can get significant sum assured by paying a premium. This is why having a life cover is highly recommended.

However there is a waiting period of 180 days that comes with these life policies. Meaning, claim can be made only after 180 days of purchasing the policy. Any claim made within 180 days shall be considered invalid. And these life insurance policy has a maturity period beyond which policy ends and no claim will be honored. The premium depends on various factors such as age, smoking, gender, sum assured, policy term and few others.

Health Insurance for Cancer – Free & Paid

The above table lists life insurance plans specifically for cancer. Another way to save money on cancer is buying a comprehensive health insurance covering multiple health conditions including cancer or buy critical illness plan providing coverage for cancer. These medical cover for cancer can be bought from private insurers or from government run insurance companies as listed in the below table. You can also take benefits from free insurance cover offered by central or state government as listed below:

Sr. No.Health Insurance for Cancer - Name of PlanPolicy Cover
1Ayushman Bharat - Free Health Insurance by GovernmentCoverage upto 5 lakh rupees per year
2Rashtriya Swasthya Bima Yojana (RSBY)Cover of upto Rs. 30,000
3Star Cancer Care GoldRs. 3,00,000 - Rs. 5,00,000
4Dr NTR VaidyaSeva Health Insurance Scheme (Andhra Pradesh only)Cover of up to Rs.2.50 lakh per year
5Aarogyasri (Telangana only)Cover of up to 2 lakh per year
6Comprehensive Health Insurance Scheme (Tamilnadu only)Upto 1,50,000/

The premium varies according to the age, cover taken, and many other factors.

There is another medical cover especially designed for cancer offered by Star Health called as Star Cancer Care Gold. The insurance offered by Star Health is very unique and it is designed specifically for Cancer and offers coverage to individuals who have already been diagnosed with Cancer.

Plans 1 & 2 above are carry no premium and the cost is borne by the government.

Plans 4 – 6 above are offered by respective state governments for free. There are many other states where insurance for cancer is offered. This list would be definitely updated soon.

Hopefully these options to save money on cancer treatment will help you. Do share this with your friends/acquaintances so that everyone can benefit from it.

For Poor Earners: Low Cost Treatments, Medicines, Pension, Insurance, Loans, Low Income Credit Cards

Being poor earning is sometimes a bane. These individuals and their families have to go through lots of sacrifices to meet up even their daily needs. This primarily includes not being able to:

  • Get access to quality healthcare
  • Buy expensive medicines
  • Buy Insurance – Especially life and health
  • Avail credit card and loans and many others.

However there are many social schemes in India and in fact, low cost options for poor salaried individuals or poor income earners to get access to above listed utilities.

In this article we’ll discuss various money saving tips for low income earners covering above listed utilities:

Low Cost Healthcare

The most expensive healthcare treatments are heart, cancer, kidney and liver transplant. There are many social security schemes or hospitals in India offering affordable cost treatment for low income group as follows:

Cheapest Heart Surgery in the World

The treatment cost from Narayana Hrudayalaya and All India Institute of Medical Sciences (AIIMS) with other private treatment centres in India are actually incomparable.

Not many of us are aware of Narayana Hrudayalaya, Mysore. This hospital is run by generous person Dr. Devi Shetty offering cheapest heart surgery in India (in fact, cheapest in the whole world). The cost of undergoing heart surgery is around Rs. 50,000 or $800 which definitely looks affordable and is amongst the cheapest heart surgery in India/World. For more details, you may visit their website: http://www.narayanahealth.org/.

Other healthcare centres offering affordable heart care facilities especially for low income earners are AIIMS, New Delhi.

Low priced heart treatments at AIIMS are:

  • Hole in the heart: Rs. 40,000
  • Bypass Surgery: Rs. 52,000
  • Congenital Heart Disease Surgery: Rs. 40,000 and Rs. 52,000
  • Repair of Conduits and Valves: Rs. 55,000

Many other cardiac tests and surgeries at AIIMS are made available at a very subsidized rates.

Liver Transplant

It’s treatment in government or private hospital costs minimum Rs. 18 Lac and above. However following hospitals offer low cost liver transplant:

  • King Edward Memorial (KEM) Hospital, Mumbai: Rs. 5 Lacs
  • Amrita Hospital, Kochi, Kerala: Rs.12-14 lakh
  • Lake Shore Hospital, Kochi, Kerala: Rs. 12 – 14 Lakh

Kidney Transplant

AIIMS, New Delhi: Kidney transplant procedure/surgery costs Rs. 8,000. Visit this AIIMS link for more details.

Please note the treatment cost keeps on changing. You should contact these hospitals for more details.

Opthalmic (Eye) Care

Four hospitals in India currently offer ophthalmic treatments (including surgery) at an extremely affordable cost.

  • Sir Jamshedjee Jeejeebhiy (JJ) Hospital, Mumbai: You can get Lasik surgery done at Rs. 7,000.
  • Sankara Nethralaya,Chennai: Opthalmic care at Rs. 21,000
  • Laser Vision Centre, Mumbai: First consulting involving pre-lasik/ESA evaluation free of cost
  • Ahalia Foundation Eye Hospital, Palakkad, Kerala: Is a non-profit hospital and have performed 32,000 free surgeries.

Low Cost Medicines

There are many initiatives run by Government of India offering generic medicines which are nothing but non-branded drugs with equivalent ingredients, strength, quality, performance as that of branded drug. But these generic medicines are sold at extremely cheap rates. You can buy these low cost drugs from following government backed medical stores:

1) Jan Aushadhi Stores

With stores across various Indian cities. For knowing the store at your nearest place, call on their National Toll Free Number: 1800-180-8080

2) Jeevandhara Stores & Akunuri Medicals:

Jeevandhara Stores

• Government Osmania Hospital, Hyderabad – M/s. Vyshnavi Medical and General Stores
• Gandhi Hospital Premises – M/s. Sri Sai Medical and General Stores, Secunderabad
• Osmania Hospital, Hyderabad – M/s. Quli Qutubsha Medical and General Stores

Akunuri Medicals – Ashok Nagar, Near RTC XRoads, Hyderabad

3) “Prabodhan Jeevanmitra” from Prabhodhan Goregaon Grahak Sahakari Sanstha Maryadit – Mumbai

Discounted generic medicines are offered by becoming member of the trust. Membership costs Rs. 50 only for 1 year. And generic medicines including anti-biotics, pain killers for various health problems are available at concessional rates.

There could be many more medicine centres in India offering generic medicines. More such names would be added to the above list soon.

After saving money on healthcare treatments and medicines, let’s get into the finance side. We’ll start with insurance.

Lowest Premium Insurance for Poor – Accident, Life, Cancer

Due to high premium charged by private insurers and lack of knowledge/benefits, uninsured individuals/families in India are very high. Because of this, when such a person gets hospitalized they have to pay all the money from their own pocket. Looking at this scenario, government of India has launched, accident and life insurance for poor.

Here are the details:

  • Pradhan Mantri Jeevan Jyoti Bima Yojana: Insurance cover of Rs. 2 Lacs at Rs. 330 per annum
  • Pradhan Mantri Suraksha Bima Yojana: Insurance cover of Rs. 2 Lacs at Rs. 12 per annum

The only requirement is that the applicant needs to have bank account on his/her name.

Cancer Insurance

Indian Cancer Society (ICS) and Cancer Patients Aid Association offers very low cost cancer insurance. ICS offers Rs. 50,000 sum assured at a premium of Rs. 496 only.

Pension for Poor

The most critical period is after retirement or when person is no longer earning. However for people from economically weaker section of the society, such a non-earning period is more painful. To assist such individuals, government of India has launched Atal Pension Yojana (APY), a pension scheme for citizens of India. Under this scheme, minimum pension of Rs. 1,000 or Rs. 2,000 or Rs. 3,000 or Rs. 4,000 or Rs. 5,000/- per month will be given to the subsriber.

Personal Loan and Home Loan for Poor Income Earners

Being poor is sometimes considered a scar, as the need of money is high with poor earners and money lenders are less in numbers.

Personal Loan

From a lender perspective, it practically makes sense to stay safe than putting themselves into risk by lending money to people with poor repayment capacity with no security since personal loan are unsecured loans. Although this is not true because poor salary doesn’t mean he/she will default.

However there are lenders who offer financial services to low income earners as well but loan amount is small, which should not be a problem since ultimate objective of getting money is achieved.

Many banks in India offer personal finance to low salaried or self-employed professionals.

Here’s the list of such lenders:

Name of BankMinimum Monthly Income Required
HDFC BankRs. 12,000
ICICI BankRs. 15,000
State Bank of IndiaRs. 10,000
State Bank of India (Xpress Credit Personal Loan)Rs. 7,500
Canara BankRs. 10,000
Dena BankRs. 15,000
Punjab National BankRs. 15,000
Fullerton India Credit Company LimitedRs. 15,000

There are many other options for poor salaried to get personal loan (with security) such as:

  • Against Fixed Deposit. Read in more detail about this here.
  • Against securities such equities, mutual funds, life insurance policy. Read more about this here.

Since these types of personal loan are secured, the interest rate is low and helps in saving good amount of money. The loan amount depends on the value of the securities kept with the bank.

Home Loan

Owning a home is a dream for everyone and this dream remains a dream due to never lowering real estate prices. However to make housing affordable for all, there are many lenders offering housing loans for low income earners as listed below:

Name of BankMinimum Monthly Income Required
Axis Bank (Asha Home Loan)Rs. 8,000 - Rs.10,000
Pradhan Mantri Awas Yojana (Scheme from Indian Government)Rs. 25,000 (Annual income upto Rs.3 Lacs)
Interest subsidy of 6.5%
ICICI Bank (Pragati Home Loan)Rs. 10,000
HDFC (Reach Scheme)Rs. 10,000
Tata Capital Housing (Prapti Scheme)Rs. 50,000 but at 4% interest rate

Credit Cards

Although a need of having a credit card is not at all required. But credit card is one way of building credit history. Similar to loan, credit card for low income earners are difficult due to poor repayment capacity. However there are banks offering credit card to poor income earning individuals as listed below:

Sr.No.Credit Card NameIssuing BankMonthly Income Required (INR)
1Visa ClassicVijaya Bank5,000
2Classic Syndicate Bank5,000
3India CardBank of India6,250
4EmpowermentJammu and Kashmir Bank6,666
5Canara Visa Classic / MasterCard StandardCanara Bank8,333
6Visa GlobalVijaya Bank10,000
7Visa GoldBank of India12,500
8Visa Gold InternationalBank of India12,500
9Axis Bank GoldAxis Bank12,500
10MasterCard TitaniumCentral Bank of India12,500
11Visa GoldCentral Bank of India12,500
12RuPay PlatinumCentral Bank of India12,500
13GoldIndian Bank12,500
14ClassicIndian Bank12,500
15Gold Syndicate Bank12,500
16EmpowermentJammu and Kashmir Bank12,500
17RuPay PlatinumAndhra Bank15,000
18Gold Corporation Bank15,000
19Canara GoldCanara Bank16,667
20TitaniumBank of Baroda16,667

Final Note:

Hope this article will help people especially low income earners to save money. If you know about any hospital/medical centre offering treatment and medicines at low or concessional rates then do share in the comment section below and same shall be considered and added to the list in this article.

7 Ways Millennials Should Save & Spend Less

We often hear the word Millennials. But who are these individuals?

Anyone born between 1980 and 2000 are called or fall under the bracket of millennials. They are characterized by adapting very well to change and delaying their transition to adulthood. That is why they have been given the name “Peter Pan” (i.e. an adult who does not want to grow). They have also been characterized by greater entrepreneurial skills.

But how careful are millenials with their money?

Young People and Money: An Impossible Relationship?

Studies have shown that most millennials spend more time in their parents’ home than they do at any other time in their lives. Although economic independence is one of their priorities, it is difficult for them to leave home and start their own family.

This generation is not usually very concerned about their long-term finances, but tend to take risks in short-term financial decisions. They prefer to choose to undertake businesses in which they are their own bosses or which allow them to fulfill their interests. Most of them are looking for businesses where they don’t need to invest money.

In this search for businesses that do not need investment, it is necessary to know how to save. This way, the gains will be greater.

Saving Will Save You

The vast majority of millennials do not save for their future as they do not worry about long-term finances. And from a financial perspective, this is a big concern. Because young people do not worry about money in the long run and if this continues, the future can become very difficult.

It is recommended to save small amount for retirement from the money you get from your first job. In addition, saving in the short term is also an advantage. Most prefer to save this way to make necessary investments in their businesses.

How to spend less being millennial?

This generation has managed to develop different methods to spend less money on their daily lives. This represents a saving that goes very well in your pocket.

Some of these methods are:

Using Coupons/Offers/Deals

Discount coupons have made life easier. From hairdressing services to the purchase of grocery, furniture, or gadgets, these discounts/deals are widely used. This method saves money on activities that can be very expensive. It has also allowed individuals to realize when there is or is not a good offer.

Saving Unexpected Profits

Many young people don’t really know how to allocate their windfall profits. Whether it’s the bonus from the job or the gift, unexpected earnings are a moment of doubt. While many choose to spend it all immediately, these gains are actually primary savings opportunity, as the accounts do not unbalance.

Using Apps

The digital technologies have enabled the development of applications for intelligent devices that provide the methods and knowledge needed to make the right and better use of the money earned. In these applications, they keep track of all your financial transactions. All this allows for greater control of spending, which is very useful for millennials, who do not tend to plan their monetary spending.

Research – Before Buying

They have access to the internet to research products, brands, prices and references, so they can make good buying decisions. A young person who has the agility to look for better prices and economic alternatives will always be able to save more on what he or she spends.

Avoid Credit Card Debt

Millennials love credit card more than anyone else and are often soft target of card companies. Having to pay high fees for their studies has given them the responsibility of debt. Because of this, they prefer not to owe banks with credit cards.

Having Several Small Jobs at the Same Time

The first job always seems to be a bit complicated. So many young people have directly chosen to have a number of low-demand jobs with which they can search for themselves and thus earn more income than they would earn in a full-time permanent job.

Buy only what you need

Although this is far from being an exclusive feature for millennials, waste is the main cause of small amount of money saving. The most relevant thing in this sense is to determine the need for an object or service and, based on this, to determine its purchase.

A very important general advice is not to overspend. Money is often spent on unnecessary items. In addition, many young people have stated that the salary earned does not allow them to make long-term savings.

Although this is an important factor, it is good to point out that you can always save a little. Learning how to save money is essential to life. The habit of saving and spending should be acquired from an early age so as not to have problems due to waste.

It is important to note that young people do not necessarily have to save directly for old age. They can do it in the short term for a business that leaves future profits, but you always have to keep in mind the long term finances, because you never know what the future may hold for you.

6 Tips to Keep Debt Under Control

We often hear rising non-performing assets of the bank which is nothing but businesses or individuals are having difficulty paying their loans or credit card repayments. But why is it becoming more and more difficult to repay your credit? There are various reasons for this. For example, fall in interest rates, encourages households to borrow more.

So how do you get out when debts start to accumulate and the situation gets out of control?

1. List your credits and reduce your expenses

Take stock of your situation to assess your ability to repay on time. Repay credits with high rates first if you can’t pay them all at once.

It is often not easy to reduce spending in a consumer society like ours. List the monthly expenses that you must pay. Example: rent, energy bills….

On the other hand, you can also try to renegotiate with your suppliers: change your car insurance if it is too expensive or your telephone/internet subscription to reduce your costs. You need to limit unnecessary expenses like the latest iPhone 6 or a new TV.

2. Talk to your banker and ask for a lower rate

Bankers are not necessarily the first people you want to talk to about your debts, but they are the only people who can help you and provide solutions. Don’t be afraid to review your situation with them as soon as you feel that debts are starting to accumulate. The sooner you do this, the easier it will be to manage.

If you have been able to repay your loans on time so far and have built a relationship based on trust with your bank, your bank may offer to lower your credit rate. If this is not the case, ask your bank what other solutions are available to help you.

3. Consider taking out insurance

Personal loan insurance is not mandatory, but can be useful to cover death or disability. If you do not have insurance, it is important that you talk to your bank to find a solution to help you.

4. Opt for a credit consolidation or a credit repurchase

A credit repurchase can be a solution to lower the interest rate and to see your situation more clearly. You can take out a new loan with another company to repay all your outstanding loans and reduce your overall monthly payment. On the other hand, a credit consolidation will require you to pay your credit over a much longer period to compensate for the decrease in monthly repayments. Talk to your bank to see if this is the best solution for you. Also consider closing your revolving loans.

5. Use non-judicial debt mediation

If you are facing temporary difficulties that jeopardize your financial situation or if you are facing prolonged over-indebtedness, you can resort to non-judicial debt mediation. It constitutes personalized assistance by persons designated by law or by public or private institutions.

6. Consult the collective debt settlement

Collective debt settlement is a legal procedure to try to remedy situations of over-indebtedness that have become unmanageable. It enables people to regain living conditions consistent with human dignity and to repay all or part of their debts, as far as possible.

It is important to think carefully before taking out a loan so that you will be able to repay it. Pay attention to your expenses and manage your budget well.

Stop Buying These 15 Products, If You Don’t Want to Waste Money

Nobody wants to waste money but still we buy things we don’t always think about or are not always required. These things can be a terrible waste of money.

Here is the list of 15 products you should stop buying and save money.

Lottery

Many people buy lottery everyday in the hope that they will win the prize, but gambling actually stops you from having more money. You’ll probably lose money if you buy lottery and there’s no guarantee you’ll win. In fact, the winning percentage is almost zero.

Cigars

A person who smokes one pack of cigarettes a day spends minimum Rs. 250 depending on the brand. Some even costs more than Rs. 300. In addition, the cost of smoking to your health is incalculable because of the health risks involved.

Water Bottles

If you live in a city where tap water is hygienic and drinkable, don’t buy bottles. If you can get access to something for free, why to pay for it?

Brand name drugs

Normally when two products are exactly alike consumers would opt for the cheaper version. This is not the case with brand-name drugs, which consistently outsell their generic counterparts, despite having the same ingredients and effects. Save some money and buy the generic medicines available at low cost.

Food and drink at the movie theatre

Cinemas don’t make a profit only on tickets, but they also make a profit on food sales. The high price of popcorn and candy is a scam, as you can buy the same products in a supermarket for much less.

Coffee to go or in coffee shops

Before they put a Starbucks on every corner, people made their own coffee at home. This is still popular, but the coffee shops have taken over much of the business. With the high prices and long queues it is surprising that people don’t make their own coffee at home.

Books

Libraries are the best way to save money. The libraries are free and hold millions of books, DVDs and other things you can borrow. If required you can also buy second hand books instead of new one, if at all it meets your educational requirement.

CDs and DVDs

CDs and DVDs are becoming obsolete, but still many people still invest money in albums and movies. Like books, you can rent CDs and DVDs in your library. But now most people enjoy entertainment in streaming using apps like Spotify, Amazon Prime and Netflix for a lower monthly cost than the price of a single CD.

Cable Television

Like music and movies, television is moving from more traditional forms to online streaming. Streaming also has the extra advantage of not having ads and being able to consume it whenever you want.

Gift Cards

Gift cards aren’t as good a gift as you think they are. At least one in three gift cards are never used. And those who use them tend to spend 20% more than the amount the card came with, according to Investopedia. Avoid losses and buy something more personalized next time.

Gymnasiums

Gym memberships can be expensive, so if you don’t visit regularly you’re wasting your money. Fortunately, there are ways to be healthy and exercise outside of a gym, as well.

Premium or Speed Petrol

The basic version is sufficient. For most cars, there’s no need to spend more to get premium gas. The extra cost isn’t worth it, so save money on refueling and fill your car or bike with low cost gas.

Latest Technology Products

When a state-of-the-art device arrives on the market, it lowers the price of previous versions. The old and new versions are probably very similar, and the newer version probably still has some adjustments to make. Save a lot of money by opting for the older product that has almost identical features.

Gaming Integrated Shopping

Those games you’ve got on your smartphone have to get money from somewhere. It turns out that these games are very addictive and are designed with psychological tricks so that you spend whatever money it takes to get to the next level.

Express Shipments

Online stores can make a lot of money by charging their customers high fees for express delivery. Although the basic option may take longer, the savings are worthwhile, if you do not want something on a priority basis.

5 Ways to Save Money When Eating Out

If you want to enjoy quality food and give your palate a treat without your hitting wallet hard, then here are some of the best money saving recommendations when you visit an expensive restaurant.

You don’t have to burn money for a tasty menu and don’t have to go hungry when going out to eat on a special occasion. But it’s important to have a few tips on hand that will be especially useful for saving money in expensive, high or mid range restaurants.

It should be noted that one of the fundamental keys is to consult the price range of the restaurant beforehand. Look for offers on the internet or mobile app and define a maximum and minimum budget that you wish to spend and which you will not allow to exceed. You can also look for digital wallets which give cashback or discounts. Such offers are typically for one time only. So if you are going in a group then use mobile phone of other members to avail the offer.

Once you’re in the restaurant, these are some of the keys to reducing your bill.

5 tips for saving money in restaurants

It is worth opting for a menu in which vegetables predominate. In addition to the environmental reasons, you should bear in mind that good meat or products such as seafood will considerably increase the final price of whatever you order. If you order meat, remember that lean meat and poultry are usually cheaper, while beef and veal are the most expensive.

At noon it’s usually cheaper: The day’s menus served at lunchtime are usually not valid for dinner, so you’ll have this savings option at your disposal if you don’t mind the time to give yourself a treat.

Sharing is the key: Sharing desserts and starters and ordering a main course per person is a way not only to save money, but to enjoy a wider range of flavors and to comment on your culinary opinions about the place. Pay attention to fixed-price menus, useful for saving money or signature dishes with occasional discounts.

Choose the best day of the week: There are certain times – low season – or days of the week, when you can find special offers, especially in those with fewer customers.

Beware of drinks: Along with desserts, drinks such as wine are a expensive products that can greatly increase the final amount of your dinner or lunch. Check prices beforehand and if you need to cut back on expenses, remove the most superfluous items from the menu, share dessert or order wine from home.