<p>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.</p><p>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?</p><p>Here are <strong>three smart strategies</strong> to help you optimize your salary and improve your financial well-being.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/money_b5cde3d849.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>1. Invest in Instruments That Reduce Tax Burden</h2><p>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.</p><p>Here’s how:</p><ul><li><p><strong>Section 80C deductions</strong>: Maximize your ₹1.5 lakh limit by investing in:</p></li><li><p>ELSS (Equity Linked Saving Schemes)</p></li><li><p>PPF (Public Provident Fund)</p></li><li><p>Tax-saving FDs</p></li><li><p>NSC (National Savings Certificate)</p></li><li><p>Life insurance premiums, tuition fees, and EPF contributions</p></li><li><p><strong>National Pension Scheme (NPS)</strong>:</p></li><li><p>Get an <em>additional</em> ₹50,000 deduction beyond the 80C limit.</p></li><li><p>Also, employer contributions (up to 10–14% of basic pay) are tax-exempt.</p></li><li><p><strong>Home Loan Benefits</strong>:</p></li><li><p>Claim up to ₹2 lakh under Section 24 on interest for self-occupied properties.</p></li><li><p>The principal component qualifies under Section 80C.</p></li><li><p><strong>Education Loan (Section 80E)</strong>:</p></li><li><p>Deduct interest paid for up to 8 years on education loans for self, spouse, or children.</p></li></ul><p>These investments not only lower taxes but also help build a strong financial foundation.</p><h2>2. Restructure Your CTC</h2><p>Optimize your Cost-to-Company (CTC) by including components that offer tax exemptions and reimbursements. Here's what to discuss with your HR team:</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/coins_stacking_3394db4926.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h3>Popular Tax-Saving Salary Components:</h3><ul><li><p><strong>Food Coupons</strong>:</p></li><li><p>Tax-free up to ₹50/meal</p></li><li><p>~₹2,200/month or ₹26,400/year tax exemption</p></li><li><p>Can save up to ₹7,920/year if you're in the 30% tax slab</p></li><li><p><strong>Reimbursements for Mobile, Internet, and Periodicals</strong>:</p></li><li><p>Claim tax-free reimbursements against actual bills</p></li><li><p><strong>Children's Education &amp; Hostel Allowance</strong>:</p></li><li><p>Up to ₹9,600/year tax-free for 2 children</p></li><li><p><strong>House Rent Allowance (HRA)</strong>:</p></li><li><p>Claim tax exemptions if you live in a rented home</p></li><li><p>Even if staying with parents, rent receipts and agreements can help you claim HRA (parents must declare rental income)</p></li></ul><p>These simple inclusions can have a big impact on your post-tax income.</p><h2>3. Monitor Spending and Prioritize Saving</h2><p>If your spending habits go unchecked, even the best salary structure won't help. It’s crucial to:</p><ul><li><p>Regularly audit your spending</p></li><li><p>Eliminate unnecessary expenses</p></li><li><p>Prioritize <em>savings first</em>, before spending on lifestyle or non-essential costs</p></li></ul><p>Start by allocating surplus income toward:</p><ul><li><p><strong>Emergency fund</strong>: Cushion yourself from sudden shocks like job loss or medical emergencies</p></li><li><p><strong>Micro-investments</strong>: Use platforms like Spare8 to invest your spare change automatically in 24K digital gold</p></li><li><p><strong>SIPs, FDs, and low-risk investments</strong>: Tailor your approach based on your goals and risk appetite</p></li></ul><p>Saving first helps you avoid high-interest debts later and builds financial resilience.</p><h2>Conclusion</h2><p>Optimizing your salary is about more than just saving money — it's about smart planning, efficient structuring, and disciplined habits.</p><p>Here’s a quick recap of the 3 smart ways to do it:</p><ol><li><p><strong>Invest in tax-saving tools</strong> (Section 80C, NPS, home/education loans)</p></li><li><p><strong>Restructure your CTC</strong> for tax-free components and reimbursements</p></li><li><p><strong>Track spending and build a savings-first mindset</strong> with automated tools</p></li></ol><p>Want to take the first step? Try <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com">Spare8</a> — the micro-investing app that turns your everyday spending into gold savings.</p><p>Start your journey today — one rupee at a time!</p><p><br></p>

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

<p>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%.</p><p>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.</p><p>The most common questions that users who are unfamiliar with digital gold have are:</p><ul><li><p><a target="_blank" rel="noopener noreferrer" 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">What is digital gold?</a></p></li><li><p>How does one invest in it?</p></li><li><p>Are there any tax advantages or relaxations associated with it?</p></li></ul><p>Read this blog to learn more about digital gold and tax relaxation.</p><h2>What is Digital Gold?</h2><p>"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:</p><h3>Sovereign Gold Bonds (SGBs)</h3><p>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.</p><h2>Taxation on SGBs</h2><p>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.</p><p>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.</p><p>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.</p><h3>Gold ETFs</h3><p>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.</p><h2>Taxation on ETFs</h2><p>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.</p><h3>Gold Mutual funds</h3><p>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.</p><h2>Taxation on Gold Funds</h2><p>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.</p><p>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.</p><p>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.</p><h2>Conclusion</h2><p>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 target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/buy-digital-gold">gold digitally</a> than in real form because it is also considered to be safer.</p><p>To learn more about digital gold and micro-investments, reach out to us at <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com">Spare8</a>.</p><p><br></p>

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

Digital gold and tax relaxation ?

<p>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.</p><p><br></p><p>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.</p><p><br></p><p>The idea of <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/buy-digital-gold">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.</p><p><br></p><p>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.</p><p><br></p><p>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.</p><p><br></p><p>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.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_cb372052784343258db59eba7a87e4c2_mv2_fbc8df3c31.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Top 5 reasons to hold on to your Gold bonds</h2><h3>1. A Store of Value</h3><p>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.</p><h3>2. Protection Against Inflation</h3><p>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.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_cb372052784343258db59eba7a87e4c2_mv2_d7974410b4.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h3>3. High Liquidity</h3><p>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.</p><h3>4. Investments Approved by the Central Bank</h3><p>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.</p><h3>5. Portfolio Diversification</h3><p>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.</p><h2>Conclusion</h2><p>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 target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/buy-digital-gold">investments</a> have caused you to lose money.</p><p>To learn more about gold bonds and other investments, reach out to us at <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com">spare8.com</a>.</p><p><br></p>

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

<p>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 target="_blank" rel="noopener noreferrer" href="https://www.forbes.com/advisor/in/investing/best-investment-options-in-india/">better investment option</a> or will benefit them the most.</p><p>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.</p><p>This post attempts to clearly differentiate between fixed deposits and daily investments, while also highlighting the benefits that each offers to investors.</p><h2>What is an FD, or Fixed Deposit?</h2><p>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.</p><h2>Benefits of Investing in FDs:</h2><ul><li><p>Guarantee guaranteed returns on investments.</p></li><li><p>Risk-free investments.</p></li><li><p>Provides investors with flexibility by allowing them to choose the amount and duration of their investment.</p></li><li><p>Helps in acquiring loans depending on the FD investments that have been made.</p></li><li><p>In case of an emergency, an investor can close their FDs or withdraw funds from their overdraft.</p></li><li><p>Possible to apply for a car loan and a credit card using your FD as collateral, for a car loan.</p></li><li><p>Quite helpful for those who lack credit history or have recently started working.</p></li><li><p>An investor can also receive tax benefits if invested in 5-year Tax Saving FDs.</p></li></ul><h2>What is Daily Investment Option – SIP?</h2><p>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.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_cb372052784343258db59eba7a87e4c2_mv2_177ac1492d.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Benefits of Investing in SIPs:</h2><ul><li><p>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.</p></li><li><p>The ability to contribute frequently with SIPs eliminates the need for investors to keep an eye on interest rates.</p></li><li><p>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.</p></li><li><p>SIPs are open-ended funds, unlike FDs, which restrict when money can be invested or withdrawn.</p></li></ul><h2>Which One Should You Choose: Fixed Deposit or Daily Investment?</h2><p>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:</p><h3>Investment Amount</h3><p>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.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_cb372052784343258db59eba7a87e4c2_mv2_1ec681f9cf.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h3>Interest Rates</h3><p>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.</p><h3>Taxes</h3><p>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.</p><h2>Conclusion</h2><p>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.</p><p>To learn more about what other best options are available—such as <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/buy-digital-gold">digital gold investment</a> benefits—and to learn how you can unintentionally invest in it with easy steps, reach out to us at <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/">Spare8</a>.</p><p><br></p>

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?

<p>Do you know what a <a target="_blank" rel="noopener noreferrer" href="https://www.investopedia.com/terms/c/credit_score.asp">credit score is?</a> If not, then here we will provide you with a clear concept regarding the understanding of credit scores.</p><p>A credit score is a number that depicts our creditworthiness, the value of a credit score ranges between 300 to 850.</p><p>Now you might be thinking that what is a good credit score, right? So let's know about the different ranges of credit scores.</p><p>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.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_42f3a9afa4c44f8385153ddc31935747_mv2_7fac287e6c.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>How to improve your credit score?</h2><p>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.</p><p>To improve your credit score you need to follow some basic steps which are mentioned below.</p><ul><li><p><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.</p></li><li><p><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.</p></li><li><p><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.</p></li><li><p><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.</p></li><li><p><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.</p></li><li><p><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.</p></li><li><p><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.</p></li></ul><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_d834d4b606d44f1eb507a30273d897d1_mv2_28ed92175e.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>What are the benefits of credit score?</h2><p>There are several benefits of having a, some of the benefits of a credit score are as follows-</p><ul><li><p><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.</p></li><li><p><strong>Credit card and loan approval</strong>: One who has a better credit score acquires a better chance of credit card and loan approvals.</p></li><li><p><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.</p></li><li><p><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.</p></li><li><p><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.</p></li></ul><h2>Why choose Spare8?</h2><p>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.</p><p>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.</p><p><br></p><p>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.</p><p><br></p><p>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 target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/buy-digital-gold">invest with us</a> and enjoy the process and benefits of investing.</p><p><br></p>

Credit Score and its benefits

<p>An equal Monthly Installment Scheme or an EMI is a kind of loan that permits us to make fixed monthly payments over a fixed period of time. <a target="_blank" rel="noopener noreferrer" href="https://www.bajajfinserv.in/what-is-no-cost-emi">A zero-interest EMI</a> is a bit different and helps you to buy expensive products with almost no interest. So, EMIs are a great option when it comes to buying something but without investing a lump sum amount all at once.</p><p>But, when you opt for the regular EMI plan, you need to sign up for repaying the product price with a huge rate of interest over a fixed period like the part of each installment. But, here no-cost EMI is best since you do not have to pay any interest on the amount. But, first, you have to know what you can buy with this and how it can affect your credit score. However, to give you a clearer knowledge about it, we will discuss it below.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_af8ed038ee2d480f930a43e08912218d_mv2_35911ad98d.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Different Kinds of Zero Interest EMI</h2><p>Generally, there are two kinds of no-interest EMI available; one is online and another is offline. In most cases, when you opt for the zero-cost EMI option, you have to give up the discount you can get by paying upfront for the purchase. The seller then further gives the discount payment to the financial institution to cover the amount of interest. In simple words, the interest amount is already included in the price of the product.</p><p>In the other method, a processing fee must be given for the same. Here, you need to pay the processing fee to avail the zero-interest EMI facility. This procession fee is actually the amount of interest. Since the primary aim of Spare8 is to simplify the investing process, you can some tips here on how to strategically move forward to get the actual benefit in the long run.</p><h2>What One Can Buy with No-Cost EMI?</h2><p>No-cost EMI is mainly a marketing strategy of the retailers. Hence, the retailers always market their best-selling products with no-cost EMI credit to attract more people towards it and make them buy the products from their stores. Therefore, sometimes people think about what to buy from zero-interest EMI after getting trapped in marketing gimmicks.</p><p>So, with the help of the no-cost EMI, people can purchase expensive products like TV, refrigerator, washing machine, mobile phone, Air conditioners, etc. When people cannot afford a lump sum of money at once, it is best to opt for a no-cost EMI to purchase their favorite products without hassle.</p><p>Additionally, now you can also purchase other items like apparel, furniture, cosmetics, jewelry, etc. So, consider downloading the Spare8 app to know more about the long-term benefits of no-cost EMI and how taking loans with no-interest EMI brings advantages to the customer.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_8f46d44f34de4003badfbff6dd4739a5_mv2_25209cde24.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Does No-Cost EMI Affect Our Credit Score Portfolio?</h2><p>No-cost EMI is a very alluring scheme that every financial institution like banks offers to their customers. Banks offer this facility because the processing fee on this kind of credit is generally much higher than the conventional credit. Also, every customer generally sticks to this kind of credit for a longer period.</p><p>People often think about whether zero interest EMI and portfolio of credit score have any kind of connection. Well, the thing here one with a credit score below 700 won’t get the opportunity to apply for a no-cost EMI. So, yes, in a way they both are connected since your credit score matters here.</p><p>However, it is crucial to understand how long the loan term should be, as delinquent payments can further affect your credit availability. Apart from that, it is mandatory to make the payment of EMI on time. Otherwise, it can affect your credit score and that can impact zero interest EMI on the portfolio negatively.</p><p>Hence, to maintain a good portfolio is necessary to avoid giving late fee penalties. So, start conducting proper research so that you will get the strategy on how to maintain a good credit score portfolio easily to avoid unnecessary issues.</p><h2>Should You Opt for Zero-interest EMI?</h2><p>Before purchasing products with zero-interest EMI, you must know if you really need them right now. It is indeed an alluring option and it can give benefits. But people often end up purchasing items that they do not want at that moment. One thing you must keep in your mind is that you must check whether any hidden charges are mentioned to avoid unnecessary problems in the future.</p><p>Also, it is advisable to conduct proper research before applying for a no-cost EMI to maintain your credit score portfolio. Besides, it entirely depends on you whether you want to purchase expensive things at a comparatively high price than their actual price.</p><h3>Conclusion</h3><p>No-cost EMI is mainly a form of financing that helps customers to pay for an item in monthly installments if they cannot afford to pay a lump sum amount all at once. As a customer, you must be aware of the applicable charges on the zero-interest EMI as well.</p><p>However, if you download the app of <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/buy-digital-gold">Spare8</a>, you get all the details of no-interest EMI and how you can strategically move forward after applying for no-cost EMI to avoid any negative effect on your credit score portfolio.</p><p><br></p>

An equal Monthly Installment Scheme or an EMI is a kind of loan that permits us to make fixed monthly payments.

What is Zero Interest EMI and is it suitable for your portfolio?

<p>In this digital era that we are living right now, a good CIBIL score is much needed when it comes to obtaining a loan. It is mainly a reflection of your current financial condition. Financial crises can arise at any time and feel the need for money to meet various needs.</p><p>Your credit score mainly tells your lender at a glance how responsible you are with your credit score. The better the CIBIL score, the higher the chances of getting your loan approved. Therefore, it is mandatory to maintain your CIBIL score so that you can take it whenever it is needed.</p><p>Everyone nowadays is trying to secure their finances from a variety of sources for reasons like starting a business, managing a home, or paying bills to the hospital via loans. Hence, you must need <a target="_blank" rel="noopener noreferrer" href="https://www.bajajfinserv.in/insights/7-guaranteed-ways-to-boost-your-cibil-score">tips to improve CIBIL</a> score to increase the chances of getting your loan approved.</p><p>You must know how you can improve your CIBIL score and get a loan at the lowest interest rate. However, this blog will let you know how you can effectively increase your credit score by following some tips.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_afa0af24a1ca4d10914ba8c4f41b1e4a_mv2_611be7e972.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>About CIBIL Score</h2><p>Before knowing how you can improve your credit score, you must know what is CIBIL score first. CIBIL score is the score that mainly delineates your credit history and it depends on many factors like the number of your unsecured loans, your repayment history, and your unverified history among others.</p><p>CIBIL scores mainly can range from 300 to 900. If you have a CIBIL score between 300 to 549, it is considered to be poor credit. But, if your score is between 550 to 700, then you are having a normal average CIBIL score. So, the ideal CIBIL score is 750 to get your loan approved.</p><p>If you are in the dire need of a personal loan, then you must have a CIBIL score above 700. Though you can not change your CIBIL score overnight. You need to do some minor and major modifications to make a significant difference in your score. If you find several platforms where you can get some tips on how you can increase your CIBIL score with the proper strategy.</p><h2>Importance of the Good CIBIL Score</h2><h4>Loan Approval</h4><ul><li><p>Your credit score lets your lender know if you are worthy enough to take a loan. So, having a good credit score makes you worthy enough to increase the possibilities of getting your loan approved.</p></li></ul><h4>Interest Rates</h4><ul><li><p>To get a better interest rate on your loans and credit cards, the value of CIBIL score matters the most. If you do have a great CIBIL score, you might get a higher interest rate on your loans</p></li></ul><h4>Higher Limit Loan Approval</h4><ul><li><p>A good CIBIL score will be very helpful if you are thinking to get a high amount of loan. A good score can make you a low-risk borrower, it means financial institutions or banks will easily trust you and approve your high amount of loan.</p></li></ul><h2>5 Effective Strategies to Improve Your CIBIL Score</h2><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_a675190838c04360a76bb9157fb61e06_mv2_a5af48e207.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><p>Now that we have realized the importance of CIBIL score, it is time to know how we can improve the score effectively. So, below are a few tips on how you can up your CIBIL score as soon as possible to get your loan approved.</p><h3>1. Spot the Inaccuracy by Checking Your Score Daily</h3><ul><li><p>If you are confident enough that you have paid all your loans and bills on time by maintaining excellent credit behavior, still having a low credit score can be irritating. Closely look at your score history to know where did you go wrong.</p></li><li><p>Therefore, it is mandatory to check your credit reports daily to spot any errors and inconsistencies. It is an effective way to improve CIBIL score. The online marketplaces now have simplified the entire process of monitoring credit history.</p></li><li><p>Some of the reasons behind the poor credit score include delays in updating your important information, putting incorrect information, etc. So, if you find this type of inaccuracy, make sure to rectify it immediately to improve your score.</p></li></ul><h3>2. Make Your Payments On Time</h3><ul><li><p>One of the major reasons behind having a poor credit score is the delayed payment of credit card bills. Therefore, it will always be better if you pay your bills on time to avoid an increased interest rate.</p></li><li><p>If you tend to forget to repay your bills before the due date, make sure to set a reminder. However, automated systems are beneficial which automatically deducted EMIs direct from your bank account every month. If you want to know some effective tips on how you can remember your credit bills’ due date, consider visiting Spare8 or downloading the app to increase your CIBIL score.</p></li></ul><h3>3. Do Not Exceed Your Credit Limit</h3><ul><li><p>Sometimes people reach the maximum limit of their credit card usage which can affect your CIBIL score. So, it is very crucial to check your credit limit to avoid a negative impact on your credit score. If you think your credit card spending is high, it will be best to customize the limit in sync with your forecasted spending.</p></li></ul><h3>4. Avoid Taking Multiple Loans</h3><ul><li><p>Searching for so many credit cards and loans in a short period does not paint a favorable image. Every time you are applying for a new credit line, your application will eventually lead you to hard inquiry and this can hurt your CIBIL score pretty much.</p></li><li><p>Therefore, taking one loan at a time is one of the tips to improve CIBIL score by paying it regularly. However, you can download the Spare8 app to make a good credit score profile with effective strategies.</p></li></ul><h3>5. Choose Longer Tenure</h3><ul><li><p>Choosing a longer tenure will be a helpful way to improve CIBIL score since it makes it easier for you to repay. Having credit cards and loans does not negatively affect your credit card score, but choosing a short tenure will hurt your credit score if you don’t repay on time. So, pay your EMIs comfortably to get loans easily to meet your financial needs.</p></li></ul><h2>Conclusion</h2><p>Financial crunches are very natural and it is not a bad thing to take loans from financial institutions. But maintaining a good CIBIL score is important to get the approval of loans immediately.</p><p>Remember, you won’t see any significant change in your CIBIL score right after you follow the aforementioned tips to improve CIBIL score. It takes at least 6 months to see a change in your CIBIL score.</p><p>However, if you are interested in <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/buy-digital-gold">digital gold investment</a>, then consider downloading the Spare8 app to know how you can wisely invest in digital gold without the hassle of the KYC process. Also, you can start investing in digital gold with just one rupee. We care about our customers’ privacy, hence we maintain bank-level security with 256-bit encryption.</p><p><br></p>

You must know how you can improve your CIBIL score and get a loan at the lowest interest rate. However, this blog will let you know how you can effectively increase your credit score by following some tips

How To Improve Cibil Score | Spare8

<p>Spare8 believes in investing in emergency funds, these are the way of saving money for future unplanned stuff. Emergency saving funds are the money kept aside for natural disasters, medication, and other important things.</p><p>At Spare8 you can <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/buy-digital-gold">buy digital gold</a> and plan to do a digital gold investment, this makes it easier and more secure.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_cb372052784343258db59eba7a87e4c2_mv2_698b1a28f9.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Investing in an emergency fund</h2><p>We provide several benefits with a motto of making our customers' lives better. According to us investments are very important, and we think that an investment can secure your future. Investing in the short term is good but investing in emergency saving funds is very important as it acts like a helper in the worst times. Have you invested in an emergency fund? If not get started with investing in an emergency fund and you shouldn't delay anymore.</p><p>To make you get started, we have a few tips for emergency funds and those are as follows:</p><ul><li><p><strong>Plan</strong>: According to is, Planning is very important for anything you do, so plan. You should research the pros of an emergency fund and think of your future and your needs as well. This will bring encouragement and motivation to you which will help establish your mind and thought on the point of investment in an emergency fund.</p></li><li><p><strong>Open an account</strong>: It is the best option to have a separate account for investing in an emergency fund, this doesn't allow you to always keep a check on the investment's amount. If you will have the emergency fund in your regular account then you might get diverted and prefer withdrawing money for something which is not so important. What can be a better idea than opening an account at spare8? So get set started with the process today, we promise not to bother you with a lengthy KYC process instead we provide the simplest way.</p></li><li><p><strong>Invest and forget</strong>: Now when you have decided to invest in an emergency fund then you should also understand its importance. Understanding the same you should forget about your investment in the emergency fund, you should forget it until you are very much in need of it.</p></li><li><p><strong>Easy access</strong>: We understand you and your situation too, because of which you won't find any lock-in period at Spare8. Emergency funds are invested to be helpful in your emergencies regarding health issues, natural disasters, or any other important situations and not being able to withdraw the money you saved for such a period might create problems. But Spare8 wants you to be free from all sorts of issues and tension.</p></li><li><p><strong>Security</strong>: While you are investing in an emergency fund then you should also look for the security of your investment. Spare8 gives you purity, security and safety as well, so investing with us will be a great idea.</p></li></ul><h2>Benefits of an emergency fund?</h2><p>We at Spare8 have figured out all the advantages of investment in emergency funds, so let's know about them in brief.</p><ul><li><p><strong>Encourages saving</strong>: Emergency saving funds are a great way of investment, at Spare8 you can buy digital gold and invest it for your future emergencies. While you do this keep some amount of your cash investment also. In the process of investing on emergency funds, one can be encouraged by the pros of investment and might want to continue saving for emergencies. Sare8 doesn't have any fixed deposit rule because of which you can choose to invest the minimum or the maximum amount that you want to invest in emergency saving funds.</p></li><li><p><strong>Saves you from debts</strong>: An emergency fund can be a debt saver, suppose in future you have some sort of debt on you then you can withdraw your emergency fund and use it for the same. The best part of this is that at Spare8 you need not worry about the time of investment, you can invest today and get it when you want.</p></li><li><p><strong>Saves you from the poor situation</strong>: Who knows what's gonna happen tomorrow, maybe a natural disaster, health issues, housing problems or any such thing. Because bad times never tell before coming, so to be prepared for that, Spare8 lets you invest in emergency funds which don't require a fixed amount to invest and it lets you withdraw whenever you are in need of them.</p></li><li><p><strong>Reduces stress</strong>: We want our customers to be stress free and so we provide the best ways of investment. By investment on emergency funds, you can keep yourself prepared for the worst condition that might occur in the future.</p></li><li><p><strong>Helper in the worst times</strong>: Who stays by your side? Rarely anyone, right? But Spare8 and your emergency funds are going to be with you today, tomorrow and whenever you need us. So stop thinking and start bringing it into your practice and invest in your emergency fund so that you can secure yours as well as your family's future with it.</p></li></ul><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_d741d756d4024e8ba5bc8321fa34b5fb_mv2_bc35b85040.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Why choose Spare8?</h2><p>Here are some of the main reasons because of which you should choose us.</p><ul><li><p>We don't have lengthy KYC processes</p></li><li><p>No minimum or maximum limitations</p></li><li><p>We don't have any fixed or any other lock-in period</p></li><li><p>We assure you with 100% purity, safety as well as security</p></li><li><p>The Spare8's app is secured with 256-bit encryption.</p></li><li><p>Enjoy the bank-level security at Spare8</p></li><li><p>Your gold is secured by a regulated independent trustee</p></li><li><p>You can enjoy guaranteed 24K gold</p></li></ul><p>What are you waiting for? Plan an Investment in emergency funds and be on the safer side. At Spare8, you can enjoy several benefits of investment like you can buy digital gold, practice <a target="_blank" rel="noopener noreferrer" href="https://www.spare8.com/buy-digital-gold">digital gold investment</a>, invest without any boundation or limitation, start the process today without any long process, you can also withdraw the money whenever you want as we don't lock in your money and much more.</p><p>You can enjoy the services by Spare8 through our app available at the Google play store, and with this, you can choose to invest more smartly. Spare8 provides you full purity, safety and security because of which you can choose us over anyone else. So let's get started with the process of investment together.</p><p><br></p>

Spare8 believes in investing in emergency funds, these are the way of saving money for future unplanned stuff. 

Spare8: Invest in your emergency fund

<h1>Ever wondered what those 3-digit credit numbers are and what is CIBIL score?</h1><p>This score, which is generated by TransUnion CIBIL, credit bureau based on your past credit information. A CIBIL score ranges between 300 to 900. In order to get a successful loan or credit card, it is mandatory for you to have a minimum score of 750 on your name. The higher the CIBIL score, the easier it gets for you to avail an extended line of loans from the bank.</p><p><br></p><p>When it comes to getting your loan or credit approved, credit score plays a major role. It is an essential part of a bank’s process to check your credit score via CIBIL before approving the loan or credit you applied for. Your CIBIL score provides banks an assurity and creditworthiness about you. So that they can be sure of you returning the loan on a timely basis. Know how to build good CIBIL score in this article below:</p><h2>Facts Related to CIBIL Score</h2><p><strong>Credit Status</strong> - When it comes to determining your credit status, CIBIL report plays a role here but CIBIL will not let you know in what purpose your scores are used. Know that your CIBIL scores can be utilised in credit assessments or elsewhere but the final decision regarding handing out the loan lies totally with the lending bank. It is really important for you to build good portfolio for CIBIL score.</p><ul><li><p><strong>Investment Information</strong> - This data comprises your savings and investment accounts with the banks. Your CIBIL report isn’t considerate of any transaction that took place with respect to such accounts. CIBIL report only focuses on your credit status and history, the credit history and debt actions you performed.</p></li><li><p><strong>Improvement in your Credit Score</strong> - Upon recording your data in the credit report, CIBIL doesn’t give you any suggestion to improve your credit score. You will not be advised or suggested to reduce the number of credit cards or take another loan or reduce the activity which is negatively impacting your score.</p></li><li><p><strong>Credit Utilisation Ratio</strong> - You should know that the ratio between your credit limit and usage should be maintained as 2:1. But, the CIBIL report on the other hand doesn’t mention this.</p></li><li><p><strong>Defaulters List</strong> - If a credit taker is unable to make a timely payment, CIBIL doesn’t put him under defaulters list or blacklist that individual. CIBIL will only inform you that your score has been impacted because of the untimely payment.</p></li><li><p><strong>Monthly Reports upto Last 3 Years</strong> - The Credit Information Report only stores up to the last three years monthly reports. Any monthly report prior to three years remains unrecorded. It is advisable that you check your CIR twice a year in order to identify any error in the report.</p></li><li><p><strong>Soft Inquiries</strong> - Your credit score is not hurt when you enquire about your score directly from credit bureaus. But, your CIBIL score gets impacted when credit card companies or banks enquire about your credit report from authorised entities.</p></li><li><p><strong>No Credit History doesn’t Mean you Have a Perfect Score</strong> - Many of the people assume that if they don’t own a credit card or haven’t taken any loan then they have succeeded in maintaining a perfect CIBIL score. On the contrary, such individuals will have a tough time in getting their request for a credit report or enquiring about credit score from CIBIL.</p></li><li><p><strong>CIBIL Score can be Checked Numerous Times</strong> - You have all the freedom to check your CIBIL score as many times as you wish to. An individual shouldn’t be hesitant to inquire about his CIBIl score directly from the credit bureau as this will not impact their credit score.</p></li><li><p><strong>Applying for Multiple Loans/Credit Cards can Lower your Score</strong> - Opting for multiple credit cards or loans could hugely affect your credit score. More the home loan, personal loan, credit cards, higher the chances of you being dependent on credit and this will in turn decrease your creditworthiness.</p></li></ul><p><br></p><p>It is important and crucial for people to understand facts about CIBIL scores and implement them in real life. While you implement these facts in your life you make it a point to not let credit go on to your head.</p><p><br></p>

Ever wondered what those 3-digit credit numbers are and what is CIBIL score? 

CIBIL Score Facts you Should Know

<p>Spare8's mission is to simplify the way people invest, spend, see, and save money. Spare8’s micro investment platform boasts of the way you live today and is here to change your investment habits. We help users invest their spare change from everyday transactions to the nearest Rs 10, be it any mode of digital payment. Then the spare change is invested into digital gold. This helps an individual unintentionally invest every time they spend or splurge and aid them in becoming financially independent. Check below to know the daily saving tips with Spare8.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_f0c80793b283432d8cbb11f8876db200_mv2_20305e75b3.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>How to Save Daily with Spare8?</h2><h4><em>No Defined Cost</em></h4><p>The best feature of Spare8 is that it gives its customers the flexibility to invest as little and as much as they want! It doesn’t restrict an individual with minimum or maximum limitations with regards to their investment. You have the freedom to start investing with just one rupee and invest as much as you want to. A person can literally do his daily savings on Spare8 by regularly investing a minimum fixed amount and getting benefitted for life. Investment tips on Spare8 are here to keep you benefitted.</p><h4><em>No Lock-in Period</em></h4><p>Spare8 takes pride in providing its investors with the no lock-in period feature. You do not have to worry about a restricted deadline or maturity of redeeming your investment in digital gold. You have all the flexibility to invest today and take back the investment tomorrow. Investing in digital gold on Spare8 will really help you maintain an emergency fund where you can utilise your savings at the time of an uncalled situation without worrying about the lock-in period.</p><h4><em>No KYC</em></h4><p>While many people fail to reach their target of daily savings because of the hassles involved with the banking process. Spare8 does not drag customers' time with unnecessary lengthy KYC processes. Here, you can just provide your basic information and you are good to start investing with us.</p><h4><em>Guaranteed Security</em></h4><p>Owing to the purity and security risk it brings in, individuals do hesitate when it comes to investing in digital gold. But worry not when you are investing in virtual gold on Spare8! We have partnered with Augumont and Paytm to buy the digital gold and store them in vaults secured by regulated independent trustees. Customers are assured 100% purity, security, and safety of their investment in digital gold. Also, Spare8 uses bank-level security and its app is secured with 256-bit encryption.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_b913f26ea1a7452e972394c2d38d6ddd_mv2_e93ccb4317.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><p><strong>Pay Less in Bank Fees</strong> - Once you start investing regularly on Spare8 you tend to cut down on the number of fees you were paying in the form of withdrawing cash from fee-ATMs, using credit cards and payment apps involving high usage fees. When you invest in digital gold on Spare8, you not only save for your future but also save the present you from unnecessary expenses.</p><p><strong>Use Spare8 to Help Track and Save Money</strong> - You can use the Spare8 app from any corner of the country you are in and get its assistance to check how much you have invested and how much you are making out of your spending.</p><p>It is essential for you to know how your money is working for you. Once you inculcate in yourself a daily habit of investing your spare change on Spare8, there is no looking back because saving then doesn’t just remain a habit but becomes a way of living. Get going and download the Spare8 app to start your daily savings today!</p><p><br></p>

Spare8's mission is to simplify the way people invest, spend, see, and save money. Spare8’s micro investment platform boasts of the way.

Spare8 Being the Best Alternative to your Daily Saving Routine

<h1>5 Pro-investment Tips for Building a Good Portfolio</h1><p>When it comes to building a good investment portfolio, even experts do take advice before hopping on to make the profile. It is a well-known fact that creating a successful investment portfolio is no simple task. You need to check with various advisors and tax professionals and then make the correct decision.</p><p>While you make the decision, some investment tips might sound simplistic but they hold real importance when it comes to shaping up your portfolio. Let us take you through the 5 Pro-investment tips that will help your overall financial situation and help you build a <a target="_blank" rel="noopener noreferrer" href="https://www.investopedia.com/financial-advisor/steps-building-profitable-portfolio/">good investment portfolio</a>.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_01468e248629438b8ee8bf1d09178d4e_mv2_f284c1c9f9.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Minimizing Investment Turnover</h2><p>If you see yourself not owning a business for at least five-six years, do not even consider buying shares unless and until you wholly understand the stock behaviour and that the short-term stock market is irrational, volatile, and unstable.</p><p>Besides the fickling nature of stocks, there are tax benefits to holding onto investments. Profits gained on long-term investments are taxed at a lower rate than short-term investments, and payback from such investments is often taxed at a lower rate than distributions from recent additions to your investment portfolio.</p><h2>Minimizing Costs</h2><p>Know that every penny you spend in the form of brokerage commissions, fees, and mutual fund expenses is a penny that can’t compound for you. Although an expense ratio of less than a percentage may not seem to be much, it adds up over time. Once you find ways to reduce costs in your investment timeline, you will see yourself saving hundreds, thousands, or even crores by the time of your retirement.</p><h2>Micro Investment</h2><p>On Spare8 you can invest your spare change. With every digital translation, small or big, we round off your spending to the nearest Rs 10 and invest the spare change into a fund of your choice. This way you can invest each day and save for your future. Spare8 also creates an unintentional investing habit in you. So, it’s like you don’t have to manually invest each time and feel your funds are an added burden on your budget. Savings on Spare8 are automated and least uncertain. Also, you can purchase digital gold on Spare8 and take your investment habit to the next level.</p><img src='https://spare8-strapi-assets.s3.ap-south-1.amazonaws.com/b12b05_338a292f47104d2da53cc81cba68fac1_mv2_b98dea020b.webp/xs.jpg' class='progressive-image' style='width:100%;max-width:600px;display:block;margin:0 auto;' loading='lazy'/><h2>Never Overpay for an Asset</h2><p>It is a well-known fact that price overrides the returns you earn in your investment portfolio. In the short-term, stock prices fluctuate hence, even a good investment can be overpriced. This is when fundamental analysis comes in as your saviour. When you research the details of the company’s finances, you feel more confident in paying a fair price for a stock. When looked at from the other side, a low price doesn’t offset an otherwise bad investment. Stay away from buying cheap stocks with low earnings yield and expect them to do well until and unless you have reasons to believe that the stock will grow and get you a good turnover.</p><h2>Diversification</h2><p>Diversifying is the most essential factor when it comes to building your portfolio. This strategy and tip come with a combination of a buy-and-hold approach. When you diversify, you keep at bay different types of company risk. It is known that asset allocation is one of the key factors in investment return especially when you hold the stock over longer periods of time. You can grow your portfolio with less risk and volatility through the right combination of stocks, bonds, and cash. The benefit of diversification is that if one asset class turns out to be performing poorly, another stock you purchased is usually doing well.</p><p>There are many other simpler methods and ways to grow your money and build a strong and stabilised portfolio. It’s all about testing and trial to know what works the best for you. Along with the above tips, you can also invest in digital gold via the Spare8 app to keep your investment running. All you have to do is provide basic information and get going. There is no need for you to give your precious time to unnecessary lengthy KYC processes while investing on Spare8.</p><p><br></p>

When it comes to building a good investment portfolio, even experts do take advice before hopping on to make the profile. 

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