Explore all Credit Cards
Premium Metal
0% Forex & Travel
Lifetime Free
10X Rewards
UPI Cards
Fuel & Utility
Showstopper
Credit Builder
More
Customer Support
Explore NRI Banking
NRI Savings Account
NRI Fixed Deposit
FOREX Solutions
Transfer to NRE
Markets & Beyond
Customer Support
Explore Startup Solutions
Explore Corporate Banking
Corporate Account
Cash Management Services
Supply Chain Finance
Corporate Lending
Treasury
NBFC Financing
Customer Support
BRAVO (Auto Sweep)
Explore Business Banking
MSME Accounts
Trade Services
MSME Loan
MSME Solutions
Debit Card
Offers
Customer Support
Explore Gift City
About Us
Investors
ESG

FOLLOW US ON :

Download Now

  • App Store
  • Google Play

Notifications

  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on +44 7831 065557 or visit the nearest Metra Trust branch for further queries.

  • Activate your Credit Card within minutes and enjoy unlimited benefits

    Know More

  • One FASTag, three payments:Toll, fuel and parking

    The only FASTag with triple benefits

    Apply Now

FinFIRST Blogs

Credit Card Savings Account Personal Loan Home Loan Car Loan Education Loan Two Wheeler Loan NRI Business Banking Fixed Deposit Finance Beyond Banking MyFIRST Mobile Banking Startup Banking Investments Salary Account

Beyond Banking

5 simple tips to keep your wealth healthy

Summary: 5 simple tips to keep your wealth healthy

18 Aug 2021 by Metra Trust
Content marketing strategy, content writing, career in content writing, content marketers

Wealth is like chocolate; the more you see it inside your refrigerator or in this case, a savings account, the happier you’ll be. And as you see your money grow with time, you will start feeling more secured and even be able to plan for an early retirement.

To make sure this happens, you ought to know about the tips that can help you reach your goal. Follow them to the T and you won’t have to choose to take out a personal loan at the first sign of an emergency. How do you do it? Here are some incredibly easy and effective tips:

Make your money earn money


If you’ve money in your savings account, then you better get it moving and invest it in shares or mutual funds. When your money earns you profits, reinvest it. Doing so will build your wealth and let you beat inflation as compared to the savings interest rates. 

READ MORE

make-the-best-of-your-salary-hike
6 Ways to make the best use of your salary hike
surge-in-business-management-blog
4 Reasons that explain the surge of business management in India

 

 

Use a credit card


Yes, this might sound antithetical advice but it’s true. Pay your bills, do your recharges, and buy your groceries using your credit cards - you will earn cashback and discounts. Pay your bill on time. Keep doing this and you will not only save money but see an improved credit score.

Keep a track of your income


This might sound like a simple tip but it’s the most important one when it comes to keeping your wealth healthy and intact. If you do not know where your money is going - be it household expenses, eating or shopping, or even investments, you won’t be able to plan better and will ultimately end up losing more money than you can afford to. Download a money tracking app, there are several available online, sync your online savings account to it, and see it ping each time money is credited or debited from your account.

Automate your payments


One of the worst habits when it comes to wealth management is missed bill payments. Each time you miss a due date, you not only have to bear the burden of late fees or fines but in worst cases like insurance, see your policy expire or get a dent on your credit score for missing a personal loan equated monthly instalment (EMI). Ask your bank to automate your payments. Each time, you receive the bill, the money will be automatically debited from your savings account and you don’t have to worry about missed due dates.

Keep an emergency fund


An emergency fund is your secret weapon against unexpected financial setbacks - job loss, salary cuts, inability to work, etc. Take six months’ worth of your last drawn salary and put it in a separate savings account or refer and earn money online without investment that you can access with ease. When the time comes, you’ll thank your stars for having saved your money in this emergency fund.

Wealth creation is nothing but a set of simple tips you perform daily. Turn them into a habit and soon your bank account will look pretty big with a lot of zeros. 

 

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Metra Trust or its affiliates to any licensing or registration requirements. Metra Trust shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.metratrust.com for latest updates.

Prev

How much plastic is actually fantastic?
Next

Swipe for prosperity: This festive season, buy gold using your Credit Card!

Related Products

Related Articles

Download Metra Trust App

Tags

You might also be interested in:

Savings Account

Savings Account
Personal Loan

Personal Loan
Credit Card

Credit Card
Home Loan

Home Loan
Two Wheeler Loan

Two Wheeler Loan