Tag: managing finances
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Unveiling the Contrast Between Money and Currency
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Since laymen frequently confuse the two words “Money” and “Currency,” they have distinct meanings and implications within the discipline of economics. This blog post is going to make sense of the confusing differences between money and currency, delving deeper into their functioning, features, and significance in the complex tapestry of the world financial landscape. Besides,…
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How Does International Wire Transfer Work
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Wire transfer refers to the electronic transfer of funds through a secure network administered by banks and non-bank financial institutions like transfer services. One institution sends the money on behalf of its customers, and another receives it. The prerequisite is information from the party initiating the transfer, such as the recipient’s name and account number.…
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7 Accounts Receivable Process Improvement Strategies
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Cashflow is the lifeblood of any business. It is essential to keep the business running, and liquidity is a must to pay operational expenses, such as rent, salary, and inventory. Without ample cash inflow, any brand, be it a startup or a multinational corporation, will eventually grind to a halt, though it’s profitable on paper.…
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The Best Travel Agencies For Millennials
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Are you planning for a trip? Being a working millennial from India, you deserve a break from work. And, when you search in Google for a perfect destination for your vacation, you will be bombarded with promotions from travel agencies. Yes, it’s better to choose a travel agency to plan your travel because they always…
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All You Need to Know About Student Financial Responsibility Agreement (SFRA)
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The Student Financial Responsibility Agreement (SFRA) is like a guidebook that outlines financial obligations when students sign up for classes at college or university. It underlines how much students need to pay, how they should pay, and what consequences they would face upon failure to make the payments. Think of it as a heads-up from…
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Top Tips For Indian Expats: Financial Planning For Living Abroad
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Starting a new life in a foreign country can be a thrilling adventure for Indian expats. But it also comes up with its limitations. When we move beyond the excitement of exploring a new culture and dealing with day-to-day tasks in a foreign land, we stumble upon a critical aspect – financial management. This financial…
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The Impact of Exchange Rates on Your International Transactions
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The role of international trade in the Indian economy has grown over the last few years. Whether you are an entrepreneur willing to develop your business beyond national borders or a person who wants to transfer money to your relatives living abroad, understanding exchange rates becomes a vital element. A small change in exchange rates…
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The Role of Neo-Banking in Facilitating Global Education
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Neo-banks are making banking easy for students abroad. The last few years have witnessed a surge in the number of students who have opted for online banking, because managing finances via mobile or web platforms has become more convenient for them. Key figures say that the industry can achieve growth rates of 24.6% annually and…
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How is Technology Revolutionizing Cross-Border Financial Services?
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Technology is a true game changer, as it has often brought about disruptive changes in traditional financial services, which have ultimately created new opportunities. The digital revolution has empowered consumers to browse and shop for financial services right on the spot. Technology has become invaluable in cross-border financial services by increasing security, efficiency, and accessibility…