Found 25 Articles for Personal Finance

Introduction An annuity is a finance product sold by an insurance company. It is a written agreement duly signed and agreed upon between the insurance company and the individual. The individual pays a certain amount of money initially or over time to the insurance company. In return, the insurance company promises to pay the individual a guaranteed income stream for a specific period or the rest of their life. Regarding financial planning, annuities are often considered a great way to generate a steady income stream for retirement. This is a contract between an individual and an insurance company. The individual ... Read More

Introduction The advancement of technology has led to new payment mechanisms in the digital age. The Visa Electron debit card is one such innovative payment technique. With the debut of Visa Electron, the way people transact has revolutionized drastically. This tutorial explores the concept Visa Electron debit card, features, history, benefits, and more. Fig 1: Visa Electron Debit Card Define Visa Electron Debit Cards Unlike a credit card, a Visa Electron debit card lets you withdraw cash from your bank account in real-time. It’s a safe and convenient method for making purchases, paying bills, withdrawing cash from ATMs, and ... Read More

Introduction Some businesses opt for semi-monthly payroll system, where employees are paid after every 15 days of the respective month. The payment periods change from one employee to another based on their joining dates and other events in place. This is a flexible compensation plan for certain businesses like contracts, consultation, manufacturing, etc. Define Payroll Payroll is nothing but a set compensation paid to the employees for the job done over the agreed period. Compensation can be in the form of wages, salaries after considering taxes and other deductions. The payroll process is essential to ensure that employees ... Read More

Introduction Contactless debit cards have become increasingly popular as a convenient and secure way to pay for goods and services. These cards operate by using the Radio Frequency Identification (RFID) or Near-field communication (NFC) technology. By using these channels, you can make payments simply by tapping or waving your card at a nearby contactless-enabled terminal. The user can make their payments without inserting or swiping the card or entering the PIN. But what exactly are contactless debit cards, and how do they work? This tutorial explores everything you need to know about this financial tool. Define Contactless Debit ... Read More

Introduction When acquiring a home or property, numerous legal and financial issues can perplex even the savviest buyers. One of these phrases is ,Deed of Trust, as it may sound like something out of a medieval land deal, yet it is a regular document used in real estate transactions today. Whether you're a first-time homeowner or an experienced investor, knowing what a Deed of Trust is and how it works is critical for protecting your real-estate investment from all legal hazards. So, let’s table this concept in brief. Meaning of Deed of Trust A Deed of Trust is a ... Read More