Have you listen the new ideas about the major investment options for senior citizens? The search for higher returns is now becoming a fairly common one. Life expenses are rising significantly and life styles are improving day by day. There for senior citizens have to face so many troubles related to their savings. Thus to live in better mode after retirement, it is necessary to choose the best investment option.
Choosing the right investment option is absolutely a tough task. Retirement specifies the beginning of a new phase in an individual’s life. It is a transition from a lifetime of work to a time when one can relax, spend time with the family and pursue other interests. Without a regular income, they have to spend their earnings before retirement for all his needs.
So, they need to find suitable investment plans to overcome these risks. Now many financial products offers high return packages. They provide a regular flow of income. Some of the important investment options are listed below.
Credit card statement is the billing statement you receive monthly from your credit card issuer. It contains all the transactions made using your credit card, and the total outstanding balance, payment date etc.Credit card companies have different looking monthly statements. Understanding your credit card statement is a simple job, but a vigilant one.
Take a look at your monthly credit card statement, and you’ll see that it contains a great deal of important information. Always check the name, billing address, card number. Then compare the charges with your sales slips
Taking a loan on your credit card
Getting cash on your credit card is a very expensive affair. When you borrowing cash on your card; you may get an offer from the bank to opt for the EMI (Equated Monthly Installment) facility to make the payment. Loan from your credit card facility does not come cheap and the interest on the EMI is excessive. The interest rate may vary from 30-45% Better that you make the payment before the due date in one go and give the EMI facility a miss.
Credit cards How Useful are they ?
Credit card is a way of payment using plastic cards. The issuer or bank lend money to the card holder on the basis of different interest rate. It is a convenience. One important thing is to use it thoughtfully. The credit card industry has seen many changes due to the financial crisis. Nowadays banks are altering credit limits, doing away with interest free periods and charging higher interest rates on the credit borrowed.