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Showing posts with the label finance

Is FRUGAL LIVING necessary?

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 The first thing that comes to our mind when we read about the word frugal is being cheap or some other words like misery, stingy etc.,  Let us first know the difference between the two words, frugal and cheap: Frugal is a person who makes financial choices with the resources they have like money and etc., and they try to be economical and careful whenever they spend on something. cheap is the situation where the person has a need but he is not willing to spend or not showing interest in absolute necessities . FRUGAL LIVING: Frugal living is some kind of a lifestyle where a person acts responsible whenever he tries to take any financial decision or spend money or any other resources . The whole world consist of one percent of rich people where as ninety nine percentage of the remaining people come from either poor or middle class families. so, money management and planning becomes necessary in such cases. frugal living is one such theory that comes under money management . SOM...

CRYPTOCURRENCY a new age currency?

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Money has evolved into different forms from barter system to the present day paper currency. There is a possibility that it may evolve further i.e, cryptocurrency. What is cryptocurrency ? cryptocurrency is a digital currency which uses internet to accept payments by creating encryption algorithms (coding algorithms). It is a mode for medium of exchange of money where one can send or receive money. It is decentralized system where intermediaries like government or bank does not exist to regulate it and transfer of funds happens between two private entities. cryptocurrency ownership records are stored in a database(digital ledger). It uses strong cryptography to provide security to creation of extra coins and verify the transfer of coin ownership. cryptocurrency is not in the physical form(like paper currency) but works as a blockchain that acts as public database. Different categories in cryptocurrency; There are different kinds of cryptocurrency like Bitcoin, Ether, Binance coin, Teth...