Whenever it comes to putting money, spending, and saving, people pay attention to some old myths. Apart from the style of investment and spending, there are many utterances and myths regarding saving money that is not really correct. In a rapidly changing scenario of availability and money needs, there can be no one that applies to all individuals. So you should also avoid these myths. We are talking about some of the myths in this news that can also save you.
Mutual Fund SIP is safe: A common belief among people is that mutual funds are safe for SIP investment, and the money invested in it will not sink. But, you should know that everything of mutual funds depends on the market. It is not that it is completely risk-free if you invest in mutual funds.
Investment needs more money: About investing, people think that there should be more money. Otherwise, there is no point in investing. This is a lie. A person can start investing and saving in less than Rs 100. You first put the habit of investing and then gradually increase it.
More discounts on online sales: People have an illusion about all online shopping companies offering attractive discounts on festivals or a particular occasion. Most people feel that the offer has come, so it is the right time to do marketing. If not bought now, the opportunity will be out of hand, and the exemption will not go ahead. All online shoppers should be aware of the fact that all online sales are largely the same. The prices of products change to a small level.
More than one credit card can get into debt: The more credit cards you have, the higher the debt you have, the more it is wrong. The reason for a person falling into the debt trap depends on his spending habits and debt report. If you think positive about credit cards, you can get a good loan after a while.
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