<div><strong>Introduction</strong></div><div>Investing can be a great way to grow your savings and investment, but it is not a precise science. It's a fundamentally risky business with the potential for both rewards and losses, and even the most experienced investors make mistakes. Yes, but with a good financial understanding, you can gradually and consistently build money.</div><div>Due to a lack of financial knowledge, investors, particularly in India, either do not plan their funds or plan them incorrectly. Errors in financial planning can cost them a lot of money in the long term.</div><div>Here in this blog, we've put together a list of common investing mistakes to avoid. Continue reading to learn about five of the most common investment missteps, as well as how to avoid them.</div><h2>Common Mistakes to Avoid While Investing</h2><div>Here are the five pitfalls to avoid as an investor:</div><h3>1. Not Understanding the Investment</h3><div>Warren Buffett, one of the world's most successful investors, advises against investing in companies whose business strategies you don't comprehend. To avoid this, construct a diverse portfolio of exchange-traded funds (ETFs) or mutual funds. Before you buy individual stocks, be sure you properly understand each company that those stocks represent.</div><div>Alternatively, you can invest in options that are easy to comprehend and administer, such as digital gold with Spare8. It's a simpler, more handy, and more appropriate alternative for anyone with a basic understanding of finance, and it can help you reap significant benefits. The method of getting started with Spare8 is also fairly straightforward; you do not need any KYC or a slew of other credentials, and you can start investing quickly and possess 24-karat pure gold online.</div><h3>2. Lack of Patience</h3><div>Long-term returns will be higher if investment growth is modest and stable. Expecting any investment to perform other than its intended function is a recipe for catastrophe. This means you should keep your expectations for investment growth and returns as reasonable as possible.</div><div>For a long time, we have seen the enthusiasm for gold and how much Indians invest in it. The price point has never failed us when it comes to investing in it, and with digital gold, it's much easier because you can get more valuable gold and reap rewards later when prices rise.</div><h3>3. Putting All Your Eggs in One Basket</h3><div>Variety is said to be the spice of life. Diversification has traditionally been a characteristic of a healthy portfolio, and it can also help reduce the burden of market volatility. What you want to avoid is placing all of your money into one firm or asset, which has been the downfall of many investors. It's not as bad if one of your portfolio's assets underperforms if you're properly diversified.</div><div>Diversification used to signify having a mix of stocks and bonds among your holdings. Investing in mutual funds, exchange-traded funds (ETFs), or digital gold or gold ETFs is now one of the best ways to diversify.</div><div>As a general rule, don't put more than 5% to 10% of your money into any single investment, and look for the one that provides consistent, steady growth, like digital gold.</div><h3>4. Allowing Emotions to Influence Decision Making</h3><div>"Investing and emotions are like oil and water: they don't actually mix."</div><div>For example, when people see the market soaring, they experience financial FOMO—they start buying at exorbitant prices because they don't want to miss out on the party.</div><div>On the other hand, people who perceive the market tanking may decide to sell, but this is usually unproductive in the long run.</div><div>One strategy to avoid the typical investing mistake of emotional decision-making is to accept your emotions, recognise that they are normal, and then attempt to calm or counteract them. Simply looking at your portfolio less frequently may help. Remind yourself that peaks and dips in the market are common. And if you believe you have a low-risk tolerance, invest in low-risk options (such as digital gold), and don't beat yourself up if you make a mistake.</div><div>Rather than beating yourself up, identify your negative self-talk and ask yourself, "Can I learn from this instead of being frustrated with myself?" and monitor market trends, study how things work, determine what factors influence the market, and make informed decisions.</div><h3>5. Inconsistent Investing</h3><div>The race is won by going slowly and steadily. Instead of fretting about the market's ups and downs, commit to a steady investing approach. A consistent investing approach involves investing a set amount of money in various market investments on a regular basis, such as weekly, bimonthly, or monthly.</div><div>That involves setting aside a set amount of money from your paycheck each month, regardless of whether the market is doing well or poorly. Because you're putting the same amount of money in consistently, month after month, whether the market is overheated, overpriced, or undervalued, you can avoid emotional buying or selling.</div><div>You never know what the market will do next month, but investing at regular intervals allows you to buy both the ups and downs, which helps to average the cost of your investments. For example, you can begin investing in digital gold using Spare8, which simplifies and automates investment by collecting spare change from every digital transaction you do.</div><h2>Useful Investment Tips to Avoid These Mistakes</h2><div>Listed below are some useful tips to prevent these typical blunders and keep your finances on track.</div><h3>1. Create an Action Plan</h3><div>Determine where you are in the investment life cycle, what your objectives are, and how much money you need to invest to get there. If you do not feel qualified, seek the advice of a reputable financial planner.</div><h3>2. Set Your Plan on Autopilot</h3><div>You might want to add more as your income grows. Keep close tabs on your investments. Examine your investments and their performance on a regular interval.</div><h3>3. Set Aside Some "Fun" Money</h3><div>At times, we are all enticed by the desire to spend money. It's part of the human condition. So, instead of fighting it, embrace it. Set aside money for "fun investments." This sum should not exceed 5% of your investment portfolio, and it should be money that you can afford to lose.</div><div>Please keep in mind that you should not use your retirement or emergency funds and always invest with a respectable financial organisation.</div><h2>Conclusion</h2><div>Making mistakes is a natural part of the investing process. Understanding what they are, when you commit them, and how to avoid them will help you succeed as an investor. To avoid making the aforementioned blunders, create a thoughtful, systematic plan and stick to it. If you follow these saving and investing tips, you will be well on your way to building a portfolio that will bring many pleasant returns in the long run.</div><div>If you wish to start your <a href="https://www.spare8.com/benefits-of-micro-investing-in-digital-gold" rel="noopener noreferrer" target="_blank">micro-investing journey</a>, look no further—Install the Spare8 app now!</div><div><br></div>

Investing can be a great way to grow your savings and investment, but it is not a precise science.

5 Things to Avoid in Your Investment Journey

<div><strong>Introduction</strong></div><div>Managing unexpected circumstances such as medical emergencies, job loss, home renovations, or car maintenance can be difficult. Such scenarios necessitate prompt financial action, which may put a burden on your current cash flow or deplete your savings.</div><div>You can build an <a href="https://www.spare8.com/buy-digital-gold" rel="noopener noreferrer" target="_blank">emergency saving fund</a> by setting aside a portion of your income to prepare for such events. An emergency fund allows you to meet unforeseen financial requirements without putting pressure on your normal cash flow or upsetting your financial objectives.</div><div>The following blog post discusses effective practices as well as simple and timeless solutions for investing in an emergency saving fund.</div><h2>Emergency Saving Fund</h2><div>Before delving into the effective practices and simple options in which we should begin investing for any emergency, let us first define what an emergency fund is.</div><div>An emergency fund is a fund that should assist you in carrying on with your life and meeting your necessary needs without resorting to last-minute unforeseen loans, selling and mortgaging your existing assets, or overusing your credit card.</div><div>You may need to include required expenses in your emergency fund, which are expenses that are absolutely necessary.</div><div>Ideally, obligatory expenses include food and medical care, school fees, rent, basic repairs and maintenance, monthly loan payments, insurance premiums, and anything else you deem necessary.</div><div>However, there is no consensus on what constitutes mandatory. For example, while providing support workers such as domestic help and chauffeurs may be vital for some, many people may find it tough to sacrifice a gym membership even in times of financial hardship. The simple truth is that you must set aside enough money to cover your mandatory expenses.</div><h2>Best Practices for Investing in Emergency Funds</h2><div>An emergency never happens when we anticipate it; it always happens when we least expect it. Follow these suggested practices to save for an emergency fund and be prepared if one occurs.</div><h3>Determine the amount of funds you require</h3><div><strong>Evaluate</strong></div><div> Begin by calculating your monthly income and spending, which will give you a better idea of how much you can save.</div><div><strong>Save</strong></div><div> Once you have a clearer understanding of your monthly revenue and expenses, you may seek ways to cut extra costs. Prioritise your financial expenses and look for additional ways to save money.</div><div><strong>Invest</strong></div><div> Any surplus funds in your budget must be dedicated to investments so that your money can work for you.</div><h3>Choose smart and appropriate investing options</h3><div>When investing to build an emergency saving fund, it is advisable to select the following investment options:</div><ol><li>Easily accessible</li><li>Increase your savings returns</li><li>Dependable and consistent</li><li>Easy understanding</li><li>Less risk of market fluctuations</li></ol><div>You must select safe investing options, such as digital gold, fixed deposits, stocks, etc., where you may expect consistent returns, greater flexibility, and safety.</div><h3>Make your investments more automated</h3><div>When building an emergency fund, it is advisable to schedule payments from your primary account so that a percentage of your income is redirected to your emergency fund. This is especially useful when investing in recurring deposits since you won't have to remember to divert your funds to emergencies every time.</div><h3>Invest in Insurance</h3><div>An insurance policy acts as a safety net in the event of an emergency, allowing you to deal with events such as medical problems, theft, or unexpected home or vehicle repairs. Choose a reputable insurance provider and be practical in determining your insurance requirements for adequate coverage.</div><h3>Use these funds only in an emergency</h3><div>It is vital to have well-defined criteria for using your emergency saving fund so that your desire for immediate gratification does not drain the funds you've saved over time. Therefore, building an emergency fund demands more financial discipline than fiscal prudence.</div><h2>The Best Way to Invest in an Emergency Fund in 5 Minutes</h2><h3>Digital Gold</h3><div>It is a virtual method of purchasing and holding gold. It is a new-age investment option that lets consumers purchase 24K virtual gold, which is then housed in digital vaults in the buyer's possession.</div><div>Digital Gold is one of the best and easiest ways to invest for an emergency because one can begin investing quickly and may redeem digital gold by either changing it into physical gold coins or biscuits or selling it and receiving the money back as per the market value.</div><h2>How to start investing in an Emergency Fund in 5 min?</h2><div>Steps to get started with an easy, quick, and effortless process of investing in an emergency fund—digital gold with Spare8:</div><ol><li>Install the Spare8 app from the Google Play Store on your mobile phone.</li><li>After installing the app, simply enter your name and phone number to log in.</li><li>Then, link your Spare8 account to your digital wallets, such as Gpay, PhonePe, or another UPI.</li><li>From then on, anytime you make a digital transaction using those digital wallets, the value will be rounded up to the nearest 10 rupees, and any spare change will be automatically deposited in digital gold.</li></ol><h3>Benefits of Starting a Quick Emergency Saving Fund with Spare8</h3><ul><li>Buy and invest in 24K digital gold</li><li>There is no set cost; begin investing with Rs 1</li><li>No lock-in period</li><li>100% security</li><li>Easy login and no unnecessarily lengthy KYC process</li></ul><h2>Bottom Line</h2><div>In the event of a financial disaster, an emergency fund is like a parachute that protects you from freefall. So, always give it the attention it deserves, and begin saving for an emergency saving fund like <a href="https://www.spare8.com/finance-blogs-india/Daily-savings-with-Digital-Gold" rel="noopener noreferrer" target="_blank">digital gold</a>, as it is one of the best and fastest options accessible.</div><div>You can start with just Re1—you won't know, but this will allow you to maximise your earnings and get the most out of your investment.</div><div>Install the Spare8 app right away to begin your emergency savings investment!</div><div><br></div>

Managing unexpected circumstances such as medical emergencies, job loss, home renovations, or car maintenance can be difficult. Such scenarios necessitate prompt financial action, which may put a burden on your current cash flow or deplete your savings.

How to Open Your Emergency Saving Fund in 5 Min?

<div><strong>Is Buying Digital Gold Legal in India?</strong></div><div>For the longest time, gold has been regarded as a type of investment that delivers acceptable returns, diversification, and hedging properties. The yellow metal is especially important in India, which, according to the World Gold Council, is one of the major gold markets.</div><div>Do you know? According to an ICRA report, gold jewellery demand will increase by 11% year over year in FY 2023. In the digital age, practically every type of investment, traditional or otherwise, is at our fingertips. Electronic media has increased accessibility, speed, and convenience while also opening up new options for innovation. As a result of the digitisation era, the concept of "digital gold" has evolved as a tool for both investors and consumers to purchase gold digitally.</div><div>Although an innovative concept, there appears to be a void in the regulatory framework surrounding digital gold, which is still in the early stages of development.</div><div>This article will discuss the concept of digital gold as well as the legal frameworks that surround it.</div><h2>Buying &amp; Selling of Digital Gold</h2><div>Digital gold is a financial tool that allows people to invest in gold electronically. When a customer invests in digital gold, the platform stores an equal amount of real gold in vaults. A buyer has the choice of either receiving physical gold or selling digital gold at the current market rate at any moment.</div><div>MMTC PAMP, Augmont Goldtech, and Digital Gold India are the three most important entities selling digital gold in India (SafeGold). These companies offer digital gold through partnerships with a variety of financial service providers, including Paytm, Google Pay, Amazon Pay, and PhonePe. Well-known micro-investing apps, such as Spare8, also provide opportunities for gold investments through similar third-party partnerships.</div><div>Due to its ease of availability and low cost (investment in digital gold starts at Re 1 and can go up to any denomination), gold investments have been a popular choice among investors. However, if you are wondering how to begin your micro-investment journey in buying gold online and its legal implications, read on.</div><h2>How to Easily Start Investing in Digital Gold?</h2><div>You may start buying gold online quickly and easily with the Spare8 micro-investment app.</div><ol><li>Get the Spare8 app from the Google Play Store and install it.</li><li>To log in, simply provide your name and phone number after installing the app.</li><li>Next, connect your Spare8 account to your digital wallets, such as GPay, PhonePe, or another digital payment method.</li><li>From now on, whenever you deal digitally using digital payment methods, the value will be rounded up to the nearest ₹10, and any leftover change will be immediately deposited in digital gold.</li></ol><h2>Legal Aspect of Gold Investments</h2><div>The appearance of digital gold as an innovative product and a new revenue source for stock brokers across the country proved to be a wake-up call for the securities market regulator. As it turns out, there is no regulatory framework in place for digital gold. In the absence of a regulatory organisation, the question that arises is whether digital gold is lawful at all.</div><div>The fact that it is fully legal to buy or sell gold through digital payment methods gives credibility to the legality of digital gold.</div><div>If the same set of activities could be carried out physically and legally (including the purchase, sale, and delivery of the yellow metal), then the fact that the transaction is carried out digitally does not negate its legality. The aforementioned position is supported by the statement that purchasing digital gold is no different than purchasing physical gold and paying for it with digital means.</div><div>However, there is still ambiguity in the digital gold market because there is no specific regulatory body overseeing the mechanism of buying, selling, and receiving digital gold on the government's end. However, the prominent entities selling digital gold in India—Augmont Goldtech, MMTC PAMP, and Digital Gold India (SafeGold)—along with platforms like Spare8, are trusted and valued. With rising popularity, it’s expected that the government will appoint a regulatory body soon to avoid this issue.</div><h2>Why Digital Gold is the Best Option</h2><div>Digital gold is the finest alternative for non-technical individuals because the process is much easier and the cost of saving and earning is much higher. The following are some of the reasons why you should start gold investments:</div><ul><li><strong>No KYC:</strong> No unneeded, lengthy KYC processes. You only need to supply some basic information.</li><li><strong>No fixed costs:</strong> You can begin with ₹1 and invest as much as you like.</li><li><strong>No lock-in term:</strong> You can invest today and withdraw tomorrow.</li><li><strong>Guaranteed purity, safety, and security:</strong> Spare8 has partnered with Augmont and Paytm to purchase digital gold and keep it in secure vaults.</li></ul><h2>Conclusion</h2><div>It is an excellent and straightforward alternative to start buying gold online with only a few simple steps. The organisations involved are trustworthy, and you should not be concerned. Digital gold investments in India are fully legal, and with the growing popularity, a regulatory body will be appointed shortly.</div><div>Don't put off your investment journey—begin it as soon as possible by installing the Spare8 app.</div><div><br></div>

Buying digital gold is legal or not in India. This article will discuss the pros and cons of "digital gold" as well as the legal frameworks that surround it. Read more.

Is Buying Digital Gold Legal in India?

<h1>How to Control Your Extra Expenditure?</h1><p>Saving money is vital. It provides financial security and freedom. It mainly guards you when a financial emergency arises. By saving money, you can avoid debt, which relieves stress. However, despite knowing the importance of savings, we often lose sight of it and spend more of our money in the present without thinking about the future.</p><p>With a global recession expected very shortly, we should start planning our expenses and savings to have a peaceful life without any financial stress. Here are a few tips on controlling your extra and unnecessary expenditures and investing that money.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/d_319163bce6.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Budgeting</h2><p>Budgeting is the best way to track needs, income, and expenditures. List your monthly goals, bills, needs, and wants, and allot the necessary finances according to your income.</p><p>Develop a realistic budget and strictly follow it. Regularly track and monitor your expenses. Whenever necessary, you can revise it.</p><p>There are many budgeting templates available on the internet, and you can use them or develop your personal budgeting system on spreadsheets, apps, or online websites.</p><h2>Strictly No Impulsive Purchasing</h2><p>We live in a world surrounded by advertisements, sales, and offers. And with eCommerce websites and apps announcing sale weeks often, we tend to overspend impulsively. Always try to be a conscious buyer and consumer. Think and ask yourself if you really need to purchase the item and make conscious decisions.</p><h2>Let Saving and Investment Be Your First Expense</h2><p>As you plan your expenses, you should also define a savings and investment plan. It can be of any form, including your household piggy bank, gold, recurring deposits, chits, insurance, or SIPs. You need to allocate the necessary portion of your income to savings and investments and keep the rest for your other expenses.</p><p>We typically handle our expenses first and invest only if anything is left from our income. But this needs to change. The priority must shift towards saving and investing before anything else.</p><h2>Depend Less on Debts</h2><p>It is essential to consolidate your debts. These can be loans, EMIs, lender debt, or credit card bills. Every debt comes with a high interest rate, which can take away a significant portion of your income.</p><p>Debt consolidation means combining multiple debts into one monthly payment. This helps you understand how much interest you’re paying each month, making it easier to lower monthly expenses and pay off the debt sooner.</p><p>It is also advisable to avoid taking loans or using EMIs and credit cards for everyday expenses.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/d_6dc3d7043f.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Practice Offline Purchases with a Shopping List</h2><p>Impulsive buying is generally less likely to happen offline than online. Whether it’s groceries, household items, or anything else, start making a list of the things you want to buy. At the end of the month, check the list and categorize items into needs and wants. This list will help you plan your next month’s budget more efficiently.</p><h2>Have a Check on Your Entertainment Costs</h2><p>While defining your monthly budget, allocate a specific amount for entertainment purposes. Manage all your OTT and gaming subscriptions, movie outings, picnics, restaurant visits, and travel expenses within this limit.</p><h2>Obtain Adequate Health, Home, and Auto Insurance</h2><p>Ensure you have the necessary and adequate insurance coverage for your health, home, and vehicles. Emergencies or natural calamities can bring unexpected and massive expenses. If you have insurance, it can significantly ease the financial burden.</p><p>For example, if your area experiences heavy rain and floods that damage your home, insurance can help cover repair costs, saving you from dipping into your savings.</p><h2>Start Investing With Spare8</h2><p>It is true that the future is uncertain. But with proper financial planning, we can at least face uncertainty with more confidence and less stress. The first step toward financial stability is managing and controlling your monthly expenses.</p><p>Follow the tips and tricks listed above to control extra expenditures and use your money wisely.</p><h2>If You Are Looking for a Simple and Secure Way to Start Investing, Check Out Spare8</h2><p>Spare8 is one of the best investment apps for digital gold. It automatically helps you buy 24K digital gold every time you spend money digitally.</p><p>Whenever you pay online—via card, net banking, or UPI—<a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/">Spare8</a> will round off the amount to the nearest ₹10. The spare change will be seamlessly invested in 24K digital gold and stored securely.</p><p><br></p>

Saving money is vital. It provides financial security and freedom. It mainly guards you when a arises. 

How to control your extra expenditure?

<h1>Top 4 Emergency Saving Fund Apps in India</h1><p>A couple of years back, when the pandemic hit the world, we all went into a sudden dark standstill. The world went into lockdown for a prolonged period, and many emergencies followed. Businesses were disrupted, employees faced income cuts, and medical crises piled up — leading to a financially demanding and stressful situation.</p><p>It was one of the most unexpected global events we’ve faced in recent history. People with good savings, insurance, and investments had the much-needed financial cushion to protect themselves during the crisis.</p><p>Whether it's a pandemic, damaged appliance or vehicle, sudden job loss, or a natural calamity, setting up a dedicated emergency fund is essential for protecting yourself from such sudden financial shocks.</p><h2>What is an Emergency Fund?</h2><p>An emergency fund is a cash reserve or an asset that can be quickly liquidated, specifically set aside for unplanned expenses or emergencies. Some common examples include job loss, car or home repairs, appliance breakdowns, medical bills, or natural calamities.</p><p>These events can hit you without warning, demanding immediate financial resources. Having an emergency fund gives you the financial buffer to handle the situation without panic or debt.</p><p>Simply put, emergency funds are savings allocated exclusively for unplanned payments — separate from your routine monthly expenses.</p><h2>Why Is It Essential to Have an Emergency Fund?</h2><p>Without an emergency fund, you may be forced to turn to loans or credit cards to manage urgent financial needs. This often leads to high interest burdens and long repayment cycles, which can affect your overall financial health.</p><p>Building an emergency fund early helps you avoid this trap and gives you peace of mind knowing you're prepared for life's financial curveballs.</p><h2>How Much Should You Keep in Your Emergency Reserve?</h2><p>This depends entirely on your lifestyle, income stability, and risk profile. Think about the unexpected expenses you've faced in the past and use that as a benchmark to plan your reserve.</p><p>Here’s how to go about it:</p><ul><li><p><strong>Set a realistic goal</strong> for your emergency savings.</p></li><li><p><strong>Track and automate</strong> your contributions monthly or weekly.</p></li><li><p><strong>Use tools or apps</strong> that support auto-deductions from your account.</p></li><li><p><strong>Invest your emergency fund</strong> in liquid and low-risk assets like digital gold, recurring deposits, or savings instruments that appreciate over time yet can be easily withdrawn when needed.</p></li></ul><p>To help you get started, here are the top four apps that make emergency savings easy, accessible, and even rewarding.</p><h2>Top 4 Apps for Your Emergency Saving Funds</h2><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_cb372052784343258db59eba7a87e4c2_mv2_0a89535ee9.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h3>1) Money Club</h3><p>Money Club is an online chit fund app. It allows you to join verified savings groups (clubs) where members contribute money regularly. In case of an emergency, you can bid and withdraw the pooled funds quickly. It’s a great community-driven option for disciplined savings and emergency access to cash.</p><h3>2) ETMoney</h3><p>Developed by Times Internet (of Economic Times), ETMoney is a comprehensive personal finance app. It offers tailored investment suggestions based on your goals. If you set an emergency goal, the app recommends relevant investment plans like SIPs, low-risk funds, and insurance-backed savings.</p><h3>3) Groww</h3><p>Groww is known for simplifying investing, especially in mutual funds and SIPs. It’s beginner-friendly and allows you to build an emergency fund with low-risk investment options. The clean interface makes it easy to track returns, SIP timelines, and overall savings — all from one dashboard.</p><h3>4) <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/">Spare8</a></h3><p>Spare8 is a unique Indian app built for micro-investing in digital gold. It rounds up every online transaction you make to the nearest ₹10 and automatically invests the spare change in 24K digital gold.</p><p>Your gold is securely stored in regulated vaults with no lock-in, no minimum investment, and full liquidity — making it an ideal digital emergency fund solution.</p><p>You don’t need to wait for your salary to start saving. With Spare8, you can build your fund bit by bit, daily.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_cb372052784343258db59eba7a87e4c2_mv2_444902e2d8.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Conclusion</h2><p>An emergency fund is your financial safety net — protecting you from taking on debt or liquidating long-term investments during times of crisis.</p><p>Act early. Even a small step today builds up to a strong financial foundation for tomorrow. If you're looking for a simple, secure, and automatic way to build your emergency savings, Spare8 is a smart choice.</p><p>Spare8 lets you <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/buy-digital-gold">buy digital gold</a> effortlessly every time you make an online transaction. It rounds up your payment and invests the difference into 24K digital gold — helping you build wealth one transaction at a time.</p><p><br></p>

Discover the top 4 apps for emergency savings funds in India on Spare8's finance blog. Learn how to invest in digital gold and secure your financial future with ease. Read now!

Top 4 Emergency Saving Fund Apps in India

<h1>Investing Regularly with Spare8</h1><p>With inflation rising, the cost of everything seems to have suddenly spiked. To curb unnecessary expenses and start building wealth, it’s essential to have a reliable investment partner.</p><p>Spare8 is your go-to digital gold daily investment partner. It helps you start saving and investing in 24K digital gold in a simple, automated way — even with spare change. Investing is a critical part of money management, and with Spare8, you get both flexibility and security.</p><h2>How to Buy Digital Gold on Spare8?</h2><p>You can buy digital gold on Spare8 through any registered digital payment app. Spare8 offers a seamless onboarding experience — no lengthy KYC forms required. Just basic details and you’re in.</p><ul><li><p><strong>No minimum amount required</strong> — start investing with even ₹1.</p></li><li><p><strong>No lock-in period</strong> — you can invest today and withdraw tomorrow.</p></li><li><p><strong>Fully flexible</strong> — perfect for daily micro-saving and spontaneous withdrawals.</p></li></ul><h2>Drawing a Personal Financial Roadmap</h2><p>You don’t need a complicated financial plan to get started. Spare8 simplifies the process and helps you build a personal investment roadmap — one rupee at a time.</p><p>Whether your goal is emergency preparedness, long-term wealth, or financial independence, Spare8 gives you a head start by encouraging consistent, bite-sized investments that grow over time.</p><h2>Maintaining an Emergency Fund</h2><p>Spare8 doubles up as an emergency fund solution. Since there's no lock-in period, you can withdraw your investment anytime without restrictions.</p><p>Even if you're investing just ₹1 per day, it adds up — and you always have access to your gold in times of need. It’s like your safety net, always there when you need it.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_f970cfce3a4445258422a992e161f2d3_mv2_612cebd878.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Avoid Fraud &amp; Ensure Purity</h2><p>Spare8 prioritises your trust and safety. That’s why we’ve partnered with <strong>Augmont</strong> and <strong>Paytm</strong> — two of the most reputable names in digital gold — to ensure your gold is securely stored in vaults monitored by <strong>regulated independent trustees</strong>.</p><ul><li><p>100% purity guaranteed (24K digital gold)</p></li><li><p>Bank-grade security with 256-bit encryption</p></li><li><p>No hidden charges or shady processes</p></li></ul><h2>Systematic Investments Made Easy</h2><p>With Spare8, you can invest in gold <em>systematically</em> — without the complexity or high minimums of mutual funds.</p><p>Just connect your digital wallet. Spare8 automatically rounds up every online transaction to the nearest ₹10 and invests the spare change into digital gold.</p><p>You keep spending like usual, and your gold savings grow in the background — completely stress-free.</p><h2>Creating an Unintentional Saving Habit</h2><p>Spending is second nature. Saving? Not so much. That’s where Spare8 changes the game.</p><p>By automating savings and investments, Spare8 builds a consistent habit without it feeling like a chore. You don’t have to remember or manually transfer money — it happens seamlessly.</p><p>Every swipe, scan, or tap becomes an opportunity to invest in your future.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_c2756fd338184ec8b9055361b8aaf326_mv2_764439d636.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Final Thoughts</h2><p>Start early. Save small. Invest consistently.</p><p>With Spare8, you don’t need big capital or financial expertise. All you need is ₹1 and the intent to grow. Whether you're saving for an emergency, your future, or just developing better money habits — Spare8 is the easiest way to start.</p><p><strong>Download the Spare8 app today and begin your micro-investment journey in digital gold. Your future self will thank you.</strong></p><p><br></p>

With inflation around the corner the cost of everything suddenly seemed to have spiked.

Investing Regularly with Spare8

<div>For salaried individuals, maximizing take-home pay is a constant balancing act. With statutory deductions like income tax, EPF contributions, and professional tax eating into your gross salary, it's essential to plan smartly and make the most of your income.</div><div>Take-home pay — also known as net salary — is what remains after these deductions. But what if you could structure your finances to not just optimize this amount, but also build wealth in the process?</div><div>Here are <strong>three smart strategies</strong> to help you optimize your salary and improve your financial well-being.</div><div>
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      </div><h2>1. Invest in Instruments That Reduce Tax Burden</h2><div>Minimizing your tax liability can significantly increase your take-home pay. The key? Invest in tax-saving instruments under relevant sections of the Income Tax Act.</div><div>Here’s how:</div><ul><li><strong>Section 80C deductions</strong>: Maximize your ₹1.5 lakh limit by investing in:</li><li class="ql-indent-1">ELSS (Equity Linked Saving Schemes)</li><li class="ql-indent-1">PPF (Public Provident Fund)</li><li class="ql-indent-1">Tax-saving FDs</li><li class="ql-indent-1">NSC (National Savings Certificate)</li><li class="ql-indent-1">Life insurance premiums, tuition fees, and EPF contributions</li><li><strong>National Pension Scheme (NPS)</strong>:</li><li class="ql-indent-1">Get an <em>additional</em> ₹50,000 deduction beyond the 80C limit.</li><li class="ql-indent-1">Also, employer contributions (up to 10–14% of basic pay) are tax-exempt.</li><li><strong>Home Loan Benefits</strong>:</li><li class="ql-indent-1">Claim up to ₹2 lakh under Section 24 on interest for self-occupied properties.</li><li class="ql-indent-1">The principal component qualifies under Section 80C.</li><li><strong>Education Loan (Section 80E)</strong>:</li><li class="ql-indent-1">Deduct interest paid for up to 8 years on education loans for self, spouse, or children.</li></ul><div>These investments not only lower taxes but also help build a strong financial foundation.</div><h2>2. Restructure Your CTC</h2><div>Optimize your Cost-to-Company (CTC) by including components that offer tax exemptions and reimbursements. Here's what to discuss with your HR team:</div><div>
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      </div><h3>Popular Tax-Saving Salary Components:</h3><ul><li><strong>Food Coupons</strong>:</li><li class="ql-indent-1">Tax-free up to ₹50/meal</li><li class="ql-indent-1">~₹2,200/month or ₹26,400/year tax exemption</li><li class="ql-indent-1">Can save up to ₹7,920/year if you're in the 30% tax slab</li><li><strong>Reimbursements for Mobile, Internet, and Periodicals</strong>:</li><li class="ql-indent-1">Claim tax-free reimbursements against actual bills</li><li><strong>Children's Education &amp; Hostel Allowance</strong>:</li><li class="ql-indent-1">Up to ₹9,600/year tax-free for 2 children</li><li><strong>House Rent Allowance (HRA)</strong>:</li><li class="ql-indent-1">Claim tax exemptions if you live in a rented home</li><li class="ql-indent-1">Even if staying with parents, rent receipts and agreements can help you claim HRA (parents must declare rental income)</li></ul><div>These simple inclusions can have a big impact on your post-tax income.</div><h2>3. Monitor Spending and Prioritize Saving</h2><div>If your spending habits go unchecked, even the best salary structure won't help. It’s crucial to:</div><ul><li>Regularly audit your spending</li><li>Eliminate unnecessary expenses</li><li>Prioritize <em>savings first</em>, before spending on lifestyle or non-essential costs</li></ul><div>Start by allocating surplus income toward:</div><ul><li><strong>Emergency fund</strong>: Cushion yourself from sudden shocks like job loss or medical emergencies</li><li><strong>Micro-investments</strong>: Use platforms like Spare8 to invest your spare change automatically in 24K digital gold</li><li><strong>SIPs, FDs, and low-risk investments</strong>: Tailor your approach based on your goals and risk appetite</li></ul><div>Saving first helps you avoid high-interest debts later and builds financial resilience.</div><h2>Conclusion</h2><div>Optimizing your salary is about more than just saving money — it's about smart planning, efficient structuring, and disciplined habits.</div><div>Here’s a quick recap of the 3 smart ways to do it:</div><ol><li><strong>Invest in tax-saving tools</strong> (Section 80C, NPS, home/education loans)</li><li><strong>Restructure your CTC</strong> for tax-free components and reimbursements</li><li><strong>Track spending and build a savings-first mindset</strong> with automated tools</li></ol><div>Want to take the first step? Try <a href="https://www.spare8.com" rel="noopener noreferrer" target="_blank">Spare8</a> — the micro-investing app that turns your everyday spending into gold savings.</div><div>Start your journey today — one rupee at a time!</div><div><br></div>

For those who are salaried, getting the highest take-home pay is a constant challenge. 

3 Ways To Optimize Your Salary In a Good Way

<div>Gold is the most sought-after commodity among Indian households. As the world's second-largest gold consumer, India imports almost 800 tonnes of gold each year or 90% of its total gold supply. The nation is second only to China in terms of its share of the world's demand for gold, at close to 25%.</div><div>The yellow metal is so deeply ingrained in Indian culture that it shines in practically at every event. It's obvious that Indians are smitten by its glitz. However, one cannot disregard the difficulties involved in purchasing and keeping actual gold. For example, it is difficult to determine the purity of gold jewellery, and the high manufacturing costs are not favourable for investment. It seems counterintuitive to pay for a bank locker when you are investing, above all. In this context, digital gold makes a strong case for inclusion in your portfolio.</div><div>The most common questions that users who are unfamiliar with digital gold have are:</div><ul><li><a href="https://www.business-standard.com/podcast/pf/what-is-digital-gold-and-what-are-pros-and-cons-of-investing-in-it-121110900055_1.html" rel="noopener noreferrer" target="_blank">What is digital gold?</a></li><li>How does one invest in it?</li><li>Are there any tax advantages or relaxations associated with it?</li></ul><div>Read this blog to learn more about digital gold and tax relaxation.</div><h2>What is Digital Gold?</h2><div>"Digital gold" is a modern investment tool that enables you to purchase 24 karats, 999.9 per cent pure gold, which is subsequently deposited in your name in the safe vaults of MMTC-PAMP. If you want to buy it, you can exchange digital gold for 24 karat, 999.9 pure gold coins and gold bars. How to invest? Digital gold investment can be made in three ways:</div><h3>Sovereign Gold Bonds (SGBs)</h3><div>SGB is a type of government security with a face value of 1 gram of gold. These bonds are tied to the spot price of gold; upon subscription, one pays the bond's issue price, and upon maturity, the bond is redeemed for cash. SGBs are well-liked because of their focus on money. It provides a yearly interest rate of 2.5%. Therefore, if you invest Rs 1 lakh in SGBs, you will earn an interest of about Rs 2,500 each year. At maturity, you will additionally get a sum equivalent to the gold's value at current market rates. It's crucial to keep in mind that even though gold prices may change when the contract reaches maturity, the gold units you already own do not change.</div><h2>Taxation on SGBs</h2><div>When online completing an income tax return, the investor must disclose interest paid on gold bonds (SGB) under the heading "Income from Other Sources." Interest income is taxed according to the appropriate tax bracket.</div><div>The lock-in period and maturity period for sovereign gold bonds are both 5 years. If SGBs are redeemed after 8 years have passed, the entire capital gain that results at maturity will be tax-free.</div><div>When SGBs are redeemed after 5 years but prior to 8 years, any long-term capital gain will be subject to tax at a rate of 20% plus a 4% cess. The actual tax rate will therefore be 20.80%. You can, however, take advantage of indexation benefits to significantly lower your tax obligation.</div><h3>Gold ETFs</h3><div>Unlike SGBs, ETFs are backed by physical gold held in the vault or in the safeguard custody of custodian banks. Each ETF unit's value is determined by the asset management firm's allocation of the value of 1 gram of gold to each unit. However, when purchasing a gold ETF, one must keep in mind that there is a tracking mistake. Due to fees paid on it, such as transaction costs and the funds held by the ETFs to fund investments or pay out payments, the value of the ETF does not represent spot gold prices.</div><h2>Taxation on ETFs</h2><div>In terms of taxation, debt funds and gold ETFs are similar. LTCG is taxed at 20% post-indexation if sold after three years. Short-term capital gains are subject to taxation if sold before three years, depending on your income tax bracket.</div><h3>Gold Mutual funds</h3><div>Gold funds are the best choice for people who want to invest in digital gold but do not have a Demat account. These mutual funds, whose net asset values are announced each day at the close of trading, invest in gold ETFs. The cost of managing both gold funds and their ETFs means that investing in gold funds results in higher costs.</div><h2>Taxation on Gold Funds</h2><div>Investments in Gold Mutual Funds or ETFs are taxed differently depending on the period of time they have been held. The gain received upon selling a Gold MF/ETF must be classified as "Long-Term Capital Gains" if the investor holds it for three years or more. Gains from selling Gold MF/ETFs must be recorded in ITR returns under the "Capital Gains" heading.</div><div>If the profit from the sale of a gold MF/ETF is a "Long Term Capital Gain," income tax will be due at a rate of 20% plus a 4% cess. The indexation, however, allows taxpayers to significantly lower their tax obligations.</div><div>If the sale of a Gold MF/ETF occurs less than three years after the acquisition, it will be considered a "Short-Term Capital Gain" and subject to taxation at the appropriate tax slab rates.</div><h2>Conclusion</h2><div>Digital assets are quickly replacing traditional physical ones. Digital gold is developing as a well-liked and lucrative alternative investment due to its benefits such as flexibility, purity, and exceptional value for money. Investing money in virtual gold is similar to investing money in actual gold. That's the reason why the younger generation is more interested in purchasing <a href="https://www.spare8.com/buy-digital-gold" rel="noopener noreferrer" target="_blank">gold digitally</a> than in real form because it is also considered to be safer.</div><div>To learn more about digital gold and micro-investments, reach out to us at <a href="https://www.spare8.com" rel="noopener noreferrer" target="_blank">Spare8</a>.</div><div><br></div>

Gold is the most sought-after commodity among Indian households. 

Digital gold and tax relaxation ?

<div>In an Indian household, gold is a sign of prestige and wealth. It is typically regarded as a sign of a household's financial standing. A growing number of people are turning to gold as a viable investment option to achieve long-term financial goals, in addition to using it as an adornment to produce jewelry. The majority of the time, qualified financial advisors and those overseeing asset allocation advise their customers to maintain a balanced mix of assets in their portfolios. The purpose of doing this is often to act as a hedge against losses brought on by a particular asset class. This has prompted advisors to consider gold as a strategy for investment diversification.</div><div><br></div><div>India is known for its love of gold; the nation enjoys using yellow metal in jewelry, coins, and bars. Indians use yellow metal because they adore it, and they do it both for special events and regular wear. Gold is the ideal gift for every occasion, whether you're adorning a new bride-to-be or celebrating an occasion. However, there are other uses for this pricey metal than jewelry. Due to its scarcity and high level of liquidity, gold is a special asset in and of itself.</div><div><br></div><div>The idea of <a href="https://www.spare8.com/buy-digital-gold" rel="noopener noreferrer" target="_blank">investing in gold</a> is not new. Long before modernization, monarchs, and emperors preferred to use gold investments to make their kingdoms prosperous and as a safety deposit for times when their empires were in danger.</div><div><br></div><div>So why buy gold as an investment? The wise and natural question that arises in the mind of an investor is whether the investment they wish to make is a smart investment. Today there are newer, more modern ways to invest in gold other than through purchasing gold jewelry, coins, or bars. Some of them even let you make online investments. Online gold investments are possible, and you have access to immediate buying and selling alternatives. Few individuals are aware that gold is a viable investment option. For those who do not want to own physical gold, the RBI in India issues sovereign gold bonds.</div><div><br></div><div>The next common question that arises is what is gold bond or Sovereign Gold Bond? SGBs are treasury bonds that serve as alternatives to holding gold and are valued in grams of gold. Cash is used by investors to pay the issue price, and when the bonds mature, you can encash or redeem them.</div><div><br></div><div>The advantages of buying gold are numerous, regardless of the type of investment you make. In this blog, we will emphasize the five top reasons for investing or holding on to your gold bonds.</div><div>
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      </div><h2>Top 5 reasons to hold on to your Gold bonds</h2><h3>1. A Store of Value</h3><div>The fact that gold is a store of value is one of the obvious reasons to invest in it. Its worth has only grown throughout the years for many generations. That's because gold is a precious metal with high social and cultural value. People desire more of it. As a result, gold's price is always rising. Consider adding gold to your investment portfolio if you're looking for long-term investment and hold onto it as that will increase in value. It doesn't have to be merely actual gold. Additionally, you might buy gold-backed government bonds or virtual gold.</div><h3>2. Protection Against Inflation</h3><div>Gold has developed the capacity to serve as an inflation hedge throughout time. The price of gold rises along with the cost of living. Even when markets tanked or the value of the currency varied over the past 50 years, the price of gold surged. Including gold in your portfolio is essential if you want to hedge against price increases.</div><div>
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      </div><h3>3. High Liquidity</h3><div>The liquidity of an asset is crucial to take into account before investing. Your investment will be useless if there is not enough liquidity. A very liquid asset is gold. There will always be enough buyers who want a piece of the action, whether you want to sell actual gold or trade digital gold on exchanges. You can rely on your gold investments to save you in an emergency.</div><h3>4. Investments Approved by the Central Bank</h3><div>Global central banks have been expanding their holdings of gold since 2010. This is done to spread out their holdings and have a reserve of value in case their currency experiences instability. It is a sign that regular investors can rely on gold to meet their financial needs if central banks of powerful nations and institutional investors are using it as a store of value.</div><h3>5. Portfolio Diversification</h3><div>The cost of other market securities and the cost of gold is inversely connected. Gold's value rises when equity prices drop or the general market has a downturn. It is regarded as a valuable safe haven. This is because the general society thinks of gold as highly valued. Include a percentage of gold in your portfolio if you want to create a strong, well-diversified, and risk-protected investment strategy.</div><h2>Conclusion</h2><div>Lastly, compared to other physical investments, gold can be redeemed or encashed much more quickly and easily in times of need. Except for sovereign gold bonds, there is no lock-in term for gold assets, unlike real estate. However, the price of actual gold is often determined by its purity level, weight, and the current market price at the time of redemption. However, there are many more benefits of gold bonds other than having gold than simply guarding against price inflation, a store of value, and aids in portfolio diversification. As a result, holding on to your gold bonds has consistently proven to be a wise investment, whether it is for a country's debt or your equity risks. It provides a cushion to fall back on when other <a href="https://www.spare8.com/buy-digital-gold" rel="noopener noreferrer" target="_blank">investments</a> have caused you to lose money.</div><div>To learn more about gold bonds and other investments, reach out to us at <a href="https://www.spare8.com" rel="noopener noreferrer" target="_blank">spare8.com</a>.</div><div><br></div>

In an Indian household, gold is a sign of prestige and wealth. It is typically regarded as a sign of a household's financial standing. 

5 Reasons To Hold On To Your Gold Bonds

<div>Over the years, there has been significant development in the world of financial markets. Along with established financial instruments, new ones have gained popularity. In comparison to earlier times, there are many more options available now, whether it is the newest trend of cryptocurrencies, mutual funds, or secure investment options like Fixed Deposits (FDs) and Government Bonds. Due to the abundance of possibilities, it is normal for those looking to invest their money to become perplexed about which one is a <a href="https://www.forbes.com/advisor/in/investing/best-investment-options-in-india/" rel="noopener noreferrer" target="_blank">better investment option</a> or will benefit them the most.</div><div>Although Bitcoin has recently been making headlines, there has been a trend in India where potential investors are researching the differences between daily investment options like Systematic Investment Plans (SIP) and Time or Fixed Deposits. It is not surprising to see people confused when deciding between SIPs and FDs, given the possibilities that are available from both.</div><div>This post attempts to clearly differentiate between fixed deposits and daily investments, while also highlighting the benefits that each offers to investors.</div><h2>What is an FD, or Fixed Deposit?</h2><div>A fixed deposit (FD) is a type of financial instrument that enables investors to deposit a lump quantity of money for a set length of time at a set rate of interest. Due to the higher returns on investment that are guaranteed, it is the safest investment choice available to potential investors in the financial sector. Investors can choose the FD type that best matches their needs, whether they are for short-term or long-term goals since several FDs are being given by banks and non-banking financial firms.</div><h2>Benefits of Investing in FDs:</h2><ul><li>Guarantee guaranteed returns on investments.</li><li>Risk-free investments.</li><li>Provides investors with flexibility by allowing them to choose the amount and duration of their investment.</li><li>Helps in acquiring loans depending on the FD investments that have been made.</li><li>In case of an emergency, an investor can close their FDs or withdraw funds from their overdraft.</li><li>Possible to apply for a car loan and a credit card using your FD as collateral, for a car loan.</li><li>Quite helpful for those who lack credit history or have recently started working.</li><li>An investor can also receive tax benefits if invested in 5-year Tax Saving FDs.</li></ul><h2>What is Daily Investment Option – SIP?</h2><div>A Systematic Investment Plan (SIP) is a mutual fund investment tool that permits periodic minor investments (daily, weekly, or monthly) in equity and debt assets. SIPs are a good starting point for people who are unfamiliar with the mutual fund industry. SIP investments can assist in cultivating the habit of timely investments and providing strong returns, ultimately leading to the individual accumulating a sizeable sum of money over time.</div><div>
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      </div><h2>Benefits of Investing in SIPs:</h2><ul><li>According to their needs, people can make investments. The process of creating a SIP is straightforward, and as an added plus, you may monitor the performance of the assets whenever you like.</li><li>The ability to contribute frequently with SIPs eliminates the need for investors to keep an eye on interest rates.</li><li>SIPs also provide tax advantages, which is a fantastic perk. Tax advantages are available to those who make SIP investments for longer than a year.</li><li>SIPs are open-ended funds, unlike FDs, which restrict when money can be invested or withdrawn.</li></ul><h2>Which One Should You Choose: Fixed Deposit or Daily Investment?</h2><div>SIPs and FDs have benefits and provide a lot to individuals wishing to invest. There are a number of distinctions between the two, even though the benefits appear to be comparable. Let's examine their distinctions in more detail with the help of the table below and determine which one you ought to choose:</div><h3>Investment Amount</h3><div>If we compare the investment options offered to potential investors for FDs and SIPs, we see that both financial instruments make it simple to begin investing. But when it comes to SIPs, it is considerably simpler when taking into account the rates that they give because one may begin with a modest sum and still have a chance to make bigger returns if the businesses in which the investments have been made are doing well.</div><div>
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      </div><h3>Interest Rates</h3><div>Although SIP interest rates are greater than those offered on fixed-term investments (FDs), this fact does not ensure that an investor will receive good returns. As a result, there are no guarantees when investing in SIPs; everything depends entirely on luck. In contrast, FDs guarantee higher returns regardless of the amount invested, so anyone who invests in them will benefit.</div><h3>Taxes</h3><div>When it comes to the crucial subject of tax savings, most FDs are taxed according to the income tax bracket that the investor is in. Even though all FDs levy taxes on individual investors, there is a sort of FD termed a "tax saving FD" where investors can deduct up to Rs. 1.5 lakh in investments. Similar to SIPs, if the mutual fund units are sold after a year, no tax is due, but the investors are still subject to a specific percentage of tax.</div><h2>Conclusion</h2><div>FDs are regarded as the safest option for investors in a country like India when it comes to investing their hard-earned money without second-guessing it. However, if the choice to invest is taken after taking all the risks into account, mutual fund SIPs can also be rewarding. Both conservative and assertive investors can do their research before investing in mutual fund SIPs, which can generate larger returns on the investments invested, as banks have recently decreased the interest rates on FDs.</div><div>To learn more about what other best options are available—such as <a href="https://www.spare8.com/buy-digital-gold" rel="noopener noreferrer" target="_blank">digital gold investment</a> benefits—and to learn how you can unintentionally invest in it with easy steps, reach out to us at <a href="https://www.spare8.com/" rel="noopener noreferrer" target="_blank">Spare8</a>.</div><div><br></div>

Over the years, there has been significant development in the world of financial markets. 

Fixed Deposit or Daily investment? Which one is better?

<p>Earlier, investors tended to invest more in physical assets. But, over the past years, we have witnessed a sudden rise in investing in financial assets. When comparing digital gold vs stock investment, we have to consider multiple aspects.</p><p>In both cases, investors generally invest in both of them when the prices are low and then hold it until their prices are expected to go up higher. During investing in the stock market, investment is usually done by the investors when the valuations reach a higher level, and during corrections, they do not usually wait until market recovery. Eventually, they need to sell them at a comparatively low price.</p><p>Therefore, investing in gold is a much safer option that can bring you a significant profit. You can start your <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/buy-digital-gold">gold investment</a> with Spare8 securely and safely. Here, you won’t feel any unnecessary hassle and can start investing with just one rupee. However, in this article, we will compare digital gold vs stock investment to let you know which is better.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_cb372052784343258db59eba7a87e4c2_mv2_ff76338163.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Digital Gold Investment vs Stock Investment – Things to Know</h2><p>Looking at the current scenario in the world of economy, it will be best if you shift from stock investment to digital gold investment right now. It is mainly considered a ‘safe haven’ because of its lower risk compared to stock market investment. Looking at the increasing digital gold investment growth, it is clear that investing in gold is undoubtedly the best investment option if you want to increase your wealth in the long run.</p><p>On the other hand, stock investment can be riskier compared to gold investment since this investment is based on the growth and success of floating companies. Investors generally purchase a share of any particular company, entitling them to a percentage of the profit of that particular company. So, the better the company will perform, the more the investors will earn from their investment.</p><p>People often come up with questions like how to invest in digital gold. You can invest in gold in four ways: Sovereign Gold Bonds, Gold ETFs, Multi Commodity Exchange, and Digital Gold Wallets. In Sovereign Gold Bonds, each bond mainly represents one gram of gold and thus gives investors the option to invest in gold digitally. Gold ETFs are basically mutual funds and the units of it are mainly bought from the stock exchange. It is the best way of investing in gold in small quantities.</p><p>Multi Commodity Exchange has a platform where one can do trading in different commodities such as silver, gold, copper, etc. With the Digital Wallet Platforms, one can buy and sell gold from anywhere at any time. So, you can start your journey with Spare8 where you can invest your spare change whenever you will make a digital transaction. Spare8 will simplify your way to invest and help you to save your money.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_36e843afa8464ef598f80a1e6e0c5545_mv2_c1fa93408b.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Digital Gold Investment vs Stock Investment – Comparison</h2><p>People usually get confused when it comes to digital investment since it is their hard-earned money. Therefore, they tend to invest in a lot of things including stocks, mutual funds, gold, etc. However, among all these, investing in gold is considered to be the best investment strategy since it is a very simple and straightforward option, whether it’s in a digital form or physical form. Now, let’s see what can be the better option between stock and gold investment below.</p><h3>1. Growth and Stability</h3><p>Since gold has been a medium of investment for ages, investors look at it as a safe haven in times of crisis. While stocks, on the other hand, provide returns mainly based on corporate earnings, gold takes the advantage of the booming economy. Therefore, gold is slightly more stable than stocks.</p><p>It is crucial to note that during periods of volatility or stock market crashes, the value of the investment may decline drastically. But this is unlikely for gold since it has greater stability.</p><h3>2. Buy and Sell Process</h3><p>In today’s digital era, one can buy and sell their stocks very easily through several apps, eradicating the need for a middleman. Likewise, gold investment can also be done virtually through apps or different platforms with minimal paperwork, unlike stock investment.</p><p>If you invest in gold with Spare8, you do not have to go through a long procedure of KYC. You can fill up your basic information and start trading. Also, there is no defined cost regarding your investment, you can start with only 1 rupee and then start investing as much as you want.</p><p>When it comes to selling, you can sell both gold and stock very easily. But, if we compare, then selling gold is slightly easier than selling stocks at some point of time. The procedure of selling gold online is simpler and the user gets the amount directly to their bank account. But, in stock selling, some rules and restrictions are there and it takes a little time to finish the whole funding process.</p><h3>3. Flexibility</h3><p>When you invest in digital gold, there is no limitation like investing in physical gold. Investors can have the freedom to purchase and sell gold according to their requirements. People often come up with questions like where to buy digital gold. Well, one can buy digital gold through several digital platforms such as Spare8 securely and safely. You can start your journey with Spare8 to purchase the digital gold and collect them in vaults that are secured by the regulated independent trustees. Spare8 ensures a 100% guarantee to protect your asset with the utmost safety.</p><p>On the other hand, investing in stocks also provides investors similar flexibility like the digital gold investment. Investors can sell in small shares or units and not the entire holdings.</p><h2>Conclusion</h2><p>Choosing between digital gold vs stock investment is very subjective and it also depends on how much risk an investor is willing to take. Stock investment can be best for those who want to maximize their returns, taking a comparatively high risk. Digital gold investment is good for those who do not wish to take high risks and also are not hoping for a sudden profit.</p><p>However, investing in gold is considered to be the safest form of investment. So, you can start your journey of <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/buy-digital-gold">digital gold investment</a> with Spare8 because of the flexibility. There is no lock-in period here, so if you invest today, you can also take it back tomorrow. All the transactions here will be secured with high 256-bit encryption. Additionally, your gold will be stored in vaults that are secured by regulated independent trustees.</p><p><br></p>

Earlier, investors tended to invest more in physical assets. 

Investment in stocks or digital gold? which is better and why?

<div>Do you know what a <a href="https://www.investopedia.com/terms/c/credit_score.asp" rel="noopener noreferrer" target="_blank">credit score is?</a> If not, then here we will provide you with a clear concept regarding the understanding of credit scores.</div><div>A credit score is a number that depicts our creditworthiness, the value of a credit score ranges between 300 to 850.</div><div>Now you might be thinking that what is a good credit score, right? So let's know about the different ranges of credit scores.</div><div>If the credit score is between 300 to 549 then it is considered bad, if the score is ranged between 550 to 649 then is said to be average, whereas if the score is between 650 to 749 then it is good, and when the credit score is above this then it is considered to be an excellent score.</div><div>
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      </div><h2>How to improve your credit score?</h2><div>We believe in helping you, and so we understand that because of some reasons you don't own a good credit score. But don't worry anymore, we are here to help you out in the improvement of your credit score.</div><div>To improve your credit score you need to follow some basic steps which are mentioned below.</div><ul><li><strong>Review</strong>: Review plays an important role while you are planning to execute something. You should review what is working and what is not working in your favour, reviewing can let you know the root cause. As a credit score is affected by the payment history, the amount owed, length of credit score, new credit applied for recently, and types of credit used.</li><li><strong>Bill payment</strong>: Top lenders focus on your different factors in which every factor has its different value and importance payment history own 35% of the value, 30% is accounted for by the credit usage, 15% by the age of credit accounts, and the credit mix, as well as new credit inquiries, holds 10% each. So according to this, you should avoid practicing late payments because this can help you to improve your score.</li><li><strong>Credit utilisation</strong>: We believe that understanding credit utilisation is as important as anything else, it plays a crucial role in your credit score. You should either prefer to ask for an increase of your credit limit or you should limit yourself as per your credit. You should pay your credit balance every month, you should have a limit on taking credit and while taking it you should plan how to pay back when to pay back and set limitations for yourself accordingly.</li><li><strong>Hard inquiries</strong>: These are another important factor in boosting your credit score. It accounts for approximately 10% of your score rating, so try to remove erroneous inquiries.</li><li><strong>Thin credit file</strong>: The simplest and the best way you can acquire to maintain your credit score is to not have enough credit history.</li><li><strong>Old accounts</strong>: While counting the credit score, it is also checked how long you have held that account, so let your old accounts be open because that will be more favourable to the lenders.</li><li><strong>Monitoring credit</strong>: We believe that in today's busy world you need to have a credit monitor which will help you to monitor all the credits anytime you want.</li></ul><div>
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      </div><h2>What are the benefits of credit score?</h2><div>There are several benefits of having a, some of the benefits of a credit score are as follows-</div><ul><li><strong>Low-interest rates</strong>: Having a good credit score will help you to get the best low-interest rates, this will help pay off the debt sooner.</li><li><strong>Credit card and loan approval</strong>: One who has a better credit score acquires a better chance of credit card and loan approvals.</li><li><strong>Approval for higher limits</strong>: With a better score, you can ask for more, and the banks can not deny paying you because of your score.</li><li><strong>Negotiating power</strong>: Good credit score lets you get the power of negotiating while asking for a credit card, loans or any such stuff.</li><li><strong>Security deposits</strong>: If you have a good credit score then you can buy a new phone without any security deposit. But everything is good to some extent so if you have always had a good credit score then try to maintain that instead of being more excited and spending a lot that you can't repay.</li></ul><h2>Why choose Spare8?</h2><div>Spare8 is here at your service, we help you to plan investment as we believe in investing while you spend. In today's busy world people don't have time for understanding and handling the process of long-term investments. The youth wants to earn rewards every day which is quite possible at Spare8.</div><div>No one prefers to go for an investment which has a long process, long term, fixed limits, and other many rules and regulations; so at our place, you can enjoy such freedom with the benefits that we provide to our customers. We provide several benefits to our customers which make investments an easier method to earn money. You can download our app from the Google play store and enjoy the facilities with your one touch. So with our app, you need not run after different organizations to plan and invest you can just do it by our app. We are simple to use and don't drag our customers in lengthy processes of KYC.</div><div><br></div><div>To get started with us, you just need to provide your basic information and we will be good to go. The best thing at Spare8 is that we haven't set any minimum or maximum limits for your investment, which makes things easier for you. You can start with one rupee investment or with any high amount that you wish to prefer because we are good with anything that you plan as we work for you and your benefits.</div><div><br></div><div>Another benefit that you can acquire from us is that we don't lock your investment, so you can invest now and take it back whenever you want to. With this unlocking stuff, we let all kinds of people invest, who might be confused regarding investing but no more confusion will be there and you can invest with full confidence. Spare8 also assures you 100% safety, purity as well as security, so <a href="https://www.spare8.com/buy-digital-gold" rel="noopener noreferrer" target="_blank">invest with us</a> and enjoy the process and benefits of investing.</div><div><br></div>

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