Financial Wellness Programs: Perks or Necessity?

With salaries getting simultaneously competitive and harder-to-live-on, financial wellness is a term we’re all increasingly becoming familiar with. It’s also being rolled out as part of the policy in many corporates. While it isn’t exactly a fresh concept, many are still divided on whether financial wellness programs are an additional perk or a core expectation from professionals. 

The Argument for Financial Wellness Programs:

Financial stress is a problem almost all professionals experience at some point or the other. Of course, this has severe effects on one’s mental and emotional health. It becomes necessary for professionals to not just earn well, but also to know how to handle income, invest, and optimize their earnings. 

They should also be well equipped to deal with their previous student loans, medical loans, etc, the options of financial counseling or advice should be made available to them, as well as other financial wellness benefits like medical insurance, financial education workshops, seminars, etc.  

financial wellness

Image source: uwash.edu

Moreover, as employees dedicate their time and energy towards an organization, the organization needs to reciprocate, and take some responsibility towards its employees, other than just providing good working conditions and reasonable remunerations.

Financial wellness programs benefit professionals by making them more monetarily aware, simply put. This, in turn, adds value to the organization in the long run by increasing productivity, and consequently, even total output. 

Most of all, it contributes to the creation of a superior, financially-informed world that knows how to deal with money. What’s not to love?

Of course, as a result, people are able to achieve their financial goals easier than otherwise, because of the knowledge, help, and tools they are provided with. 

financial wellness

The importance and necessity of financial wellness programs are clearly presented in the Employers Workplace Benefits Report of Merrill Lynch, where:

  1. 59% of employers feel “an increased sense of responsibility towards their employee’s overall financial wellbeing.”
  2. 53% of employers “feel their responsibility includes providing both financial benefits plans and access to financial education and advice. In contrast, just 14% perceive their responsibility as only providing a paycheck.”
  3. Moreover, 68% of employers feel that these programs/benefits help them attract talent, 76% feel that it helps them retain it, and 68% say that they do it out of concern for their employee’s well-being.
  4. Other reasons were:
    64% feel that it is part of their company’s core values
    38% feel that it helps them remain competitive 
    39% say that it makes employees  more productive

Thus we see how even employers seem to prefer and be in support of these programs. Since this report was made the numbers have only increased.

Case Against Financial Wellness Programs:

Some employers, like the 14% in the above statistics, may feel that their responsibility towards their employees ends at handing them a well-deserved pay cheque at the end of the month. This, in their view, will undoubtedly make financial wellness programs perks instead of essentials. This old-school view may not seem incorrect to them, but it is turning out to be just that.

The Reality of the Situation:

In an ideal world, the above presumption would be true. But in reality, well-qualified individuals ready for jobs tend to have near-zero financial literacy as they enter the job market. They may make reasonable amounts of money, sure. But unless they are taught and trained to optimize their finances they will never be able to reap the full benefit of their income.

This, coupled with the fact that these programs elevate productivity, reduce stress and result in a better quality of life, are the biggest reasons why financial wellness programs are essential.

The Sensible Conclusion

It would be a questionable stance, therefore, to argue that especially after the Covid 19 pandemic and the consequent lockdown (which led to severe salary cuts and job cuts), financial wellness programs offered by companies are only perks. Now, more than ever, they become essentials and a boon to employees in times where they have very few avenues to rely on.

EarlySalary understands the necessity for financial wellness programs on offer by employers, and that’s why we strive to provide organizations with all the necessary tools. 

Feel free to contact us for any questions on credit, loans, and your instant cash needs!

Download the instant loan app here, or log in to our website and experience the Credit Suite.

Credit Card Vs Instant Cash Loan: Which is the better option for you?

As consumers, ideally, we want to be able to fulfill all our wants with our salary whilst preserving a rainy day backup.  But in reality, most of us have little option but to borrow to bridge the gap. As financial institutions carpet bomb you with loan offers, mailers, and SMS, it is important to differentiate between each instrument. While deciding to take credit is one decision, choosing between an instant loan and a credit card loan is another. Both give you the option to structure credit and its terms, but there are differences.

A credit card loan is generally recommended for short-term debt and instant cash loans when you need a longer repayment tenure to pay back the debt.  Having said that, there’s more to it. 

Read here to find out how instant cash loans vs credit card loans compare, and which one is better suited for you. 

  • Ticket-Size

Credit Card Loan: Generally, the credit card loan limit varies between two to three times your monthly salary. If you earn Rs 25,000 per month, your credit card loan limit will vary between Rs 50,000 and Rs 75,000.

For instant loans, there is no fixed limit as there are several other determinants that decide the loan amount. You can get a bigger loan amount sanctioned and the ticket size generally varies between Rs 1 lakh to Rs 15,00,000. The most commonly evaluated determinants are your debt-to-income ratio, job stability, credit score, etc. The higher your income is, the better chances you have at getting loan approval.

Looking to finance a bigger expense? Consider the Fibe instant loan. The minimum salary requirement that makes you eligible for personal loans in rural areas is INR 15,000 and if you reside in a metro city, it is INR 20,000 per month.

  • Unsecured Loan

Need credit but don’t have collateral? Worry not, you can take an instant personal loan or credit card loan. Both are unsecured and there is no collateral or security. However, be mindful of the loan agreement and the fine print before opting for either of these. Understand the case of non-repayment & delayed payments as they are a tad different from traditional loans. 

  • Expenses

A credit card loan works only with vendors who accept card payments. This may limit the use case unless you get hard cash against it (which comes at a higher interest rate fee).

On the contrary, a cash loan does not have a caveat on spending. You can use it anywhere as the disbursed amount is transferred directly to your bank account. This is helpful for large ticket-size loan requirements like significant home repairs, exotic holidays, etc. 

  • Installment Debt and Revolving Debt

A credit card loan is associated with revolving debt where repayment is open-ended and tied to an interest rate charge that varies with the monthly dues. Consider, for example, a credit card with Rs 50,000 spending limit and you have dues amounting to Rs 40,000 (on the verge of being maxed out). In this case, your monthly interest rate will be higher, and it’ll fluctuate until you have settled dues. 

These types of loans are associated with installment debt where you have to pay fixed installments every month. Here, the interest rates are fixed irrespective of the sanctioned amount used.

  • Tenures

A credit card is better suited for small purchases and its repayment tenure ranges from 30 days to 45 days. Non-repayment or delayed payments attract high-interest rates on the outstanding amount.

The tenure to repay the loan amount varies from 3 months to 24 months. If you need to borrow against a longer time frame, it is best to choose an instant cash loan. 

How to choose between cash loans and credit card loans?

If it’s a smaller sum, choose a credit card as it is faster to pay off and if you have excellent credit, you may even get a lower rate or may qualify for a 0% introductory APR on a new credit card. However, if you are a spendthrift, a cash loan can keep you out of the vicious cycle of debt. It’s also better if you need a substantial credit amount.

Clearly, there’s no one-size-fits-all with respect to cash loans or credit card loans. If you need a loan, the instant loan app can help. The process is simple and quick. All you have to do is download the Fibe app and register to apply!

Download the personal loan app here, or log in to our website and be a part of the #OneSmallStep experience.

FAQs on personal loan vs credit card

Which one is better: a loan or credit card?

While both options are common to most people’s financial toolkits, you can choose between them based on the amount you require and your repayment timeline. Take a loan for a larger loan amount and a longer tenure and a credit card for a small amount and a shorter tenure.

Is it smarter to get a loan or credit card?

Take a call based on your need for finance. Both options help you get access to funds and build your credit score if you can repay what you borrow or use on time.

Which interest is higher – a credit card or a personal loan?

Usually, credit cards come with a higher interest rate as compared to personal loans. However, you only pay interest on credit cards if you do not clear your dues on time.

What are the advantages of using a quick loan vs a credit card?

A quick loan gives you a higher loan amount and comes with a flexible repayment duration that you can choose based on your finances. A credit card gives you 30-45 days to clear your past dues and offers you revolving credit, attractive offers and deals.

What is cheaper, a loan or credit card?

A credit card can be more affordable as you can avoid interest charges as long as you can pay your bill in full. If you cannot, then a credit card generally has a higher interest rate as compared to a loan.

What is difference between personal loan and credit card loan?

A personal loan requires you to meet the lender’s eligibility criteria, fill in an online application form, submit the required documents and then repay the loan amount in EMIs over a time of your choosing. Applying for a credit card may involve the same procedure or be easier if you are an existing customer or receive an offer. However, the interest rate is higher on any pending dues in comparison to a loan.

Is it better to have a credit card or a loan?

Consider both options and compare their features based on the amount you can borrow, restrictions on use, repayment timeline, and eligibility.

How can you make your Valentine’s day special but in a pocket-friendly way?

The month of love has begun, with couples eagerly looking forward to celebrating Valentine’s day. The day can be really notorious for making you overspend, and can be quite expensive.  This is especially true if you’re looking to buy gifts for your Valentine, take your Valentine to a decent restaurant, or are planning a road trip somewhere. As important as Valentine’s day can be in a healthy relationship, it is important that you plan your finances well in advance, to ensure a truly stress-free and romantic Valentine’s. 

However, if you haven’t planned something in advance, and if you’re on a tight budget, here are some tips that can make your Valentine’s day special without spending a lot of money. 

Take a tech detox

Keep your phone and laptop aside for a day. 
Give rest to your eyes and time to your relationship. It’s subtle, but it can perform as a romantic gesture. Give more time to your partner rather than just scrolling down your social media feed. Choosing social media over love doesn’t sound like an intelligent decision, does it? 

Starting your day by making breakfast

Wake up before your partner and prepare a beautiful and delicious breakfast. What would be a better start to a lovely day with a lovely breakfast? As soon as your love wakes up, surprise them with your special breakfast.

Book your vacations in advance

Covid did pretty much hit the travel industry hard. But 2021 looks far brighter, and we may finally get to satiate the wanderers in us again. Take full advantage of this opportunity, and book your vacation tickets much in advance. You’ll get a good deal, and there’s always Fibe travel loans to assist you as well!

Cook together

“Couples who cook together stay together“. Cooking together is often considered acute activity. Cooking together gives more time to the couple to interact with each other and share some moments which may result in a more healthy relationship between the two. Cook together more often to create a deeper bond and strengthen your relationship.

Play some board/card games 

Enough of those online multiplayer games with your friends now it’s time to take some time off for your love. Playing board and card games also increases interaction between couples and it’s a great time spend too.

Still, want materialistic gifts? Grab those online coupons 

If it’s the latest and greatest items – tech gadgets, home decor, or even fashion – that you want to gift your Valentine, you might as well grab some coupons on those while you’re at it. Keep an eye on the offers and discounts. And of course, there are Fibe shopping loans to enable any purchase you desire.

Have a candlelight dinner 

At the end of a lovely day, what’s better than a romantic candlelight dinner with the love of your life? No need to pay expensive bills at restaurants, have your candlelight dinner at home only. Surround your house with a romantic aroma, turn on some romantic music,  light up some candles, prepare some delicious dishes and there you go.

The Fibe Way

With products such as cash loans and the Salary Card, Fibe is happy to play a role in ensuring you don’t have to worry about cash on Valentine’s. With shopping loans allowing you to purchase directly from eCommerce platforms like Amazon or Flipkart, you can ensure you purchase the perfect gift for your partner. Or better, you can plan a trip in the future, after the risk of COVID is mitigated, with travel loans in partnership with MakeMyTrip. 

What are you waiting for?
Get started on the Fibe experience now!

Want to talk to us about credit, loans, and your instant cash needs?

Download the instant loan app here, or log in to our website and be a part of the #OneSmallStep experience.

This Valentine’s Day, Go Sweet On Financial Planning With Your Loved Ones

It’s February, and with Valentine’s Day approaching, exotic holidays, chocolates, dates are the common denominator.  Irrespective of your age, gender, and marital status, the sheer joy of gifting something special to your loved one are priceless. However, it should not be limited to social splurges. This time consider a financial gift and experience the joy of pleasant memories for years to come.

This V-Day, go sweet on financial planning for the financial well being of your loved ones. Make this extra special and usher futuristic financial planning with the following tips.

  • Financial Union

It is important to involve your loved ones and especially your significant other in your financial decisions for a holistic robust financial plan. Keep the retirement age and other major life goals in view before buying any financial product. Have an open and honest conversation, define goals for a thorough analysis of your financial position. Budgeting is an important exercise to map your savings, expenditures, and incomes. This should not mean controlling their finances, but rather help one another to achieve the bigger life goals together.  The financial union should give you a birds-eye view of your financial position, which puts you in a better position to make any financial decision.

You may also have a joint bank account as a couple. It is especially helpful if you are married and want to make investments or take loans.  If you both are working, then you can even avail of tax concessions.

  • Have a Contingency Fund 

Make hay while the sun shines. Fund allocation in risky financial products and investments must be made only after you have created a buffer for yourself. Ideally, you should have 2 months of your salary or 3-6 months of living expenses as a contingency fund. Be mindful of your spendings, don’t start scrimping but reduce unnecessary expenditures like cancel any subscriptions, not in use or controlling impulsive shopping behavior.

  • Taking Care in Your Absence

As much as one wants to know what lies in the future, life is unpredictable. However, what you can do is have adequate life and health insurance cover if your partner depends on you. You can choose a term plan if you’re in your 40s to early ’50s. This will take off some burden from your loved one’s back and protect your joint assets in a medical emergency.

You must always have nominee/ nominees for all your financial assets, and they must also know about it. There’s nothing worse than not having a nominee or not telling about being chosen as one. Ensure they know how to log into your bank and Demat accounts and other relevant details like payment dues to avoid loss of financial value. 

Simplify your InvestmentsOnce you have evaluated the current financial ground you stand on, it’s time to identify opportunities and diversify the investment portfolio without sacrificing quality. Smoothen your spending graph by having fewer monthly dues/ payments or bundling them. If there is a barrage of repayments or other forms of credit coming your way, it is high time to take stock of the situation and move towards debt consolidation. This way, it is easier to track the repayments. 

  • Taking Credit to Achieve your Goals

Financial planning can give you financial freedom, but you may not always be able to do it all independently. Hence, taking credit for your dream wedding, exotic holiday or shopping is all worth it if it makes them happy. With all features like credit cards, salary advances, instant personal loans, and the Buy on EMI option, all integrated with one place, Fibe can help you make your financial planning a cakewalk. We provide you quick response time, easy processing, and instant approval of credit and support you when you need us the most. 

Parting Thoughts

A relationship is a partnership of equals, and financial planning is also the responsibility of two equals. The common goal should be to build a financial plan that helps you both achieve life goals. So this V-Day, express your love and financial goals without any hesitation to be financially happy ever after! 

Want to talk to us about credit, loans, and your instant cash needs?

Download the instant loan app here, or simply log in to our website and be a part of the #OneSmallStep experience.

EarlySalary’s SkillUp Fest: EdTech, Accelerated

If there’s one thing that’s as exciting as the fintech sector, it’s probably EdTech. The Edtech industry has been disrupting the traditional and diverse world of education, changing the way learners and instructors interact. Several enterprises are already relying on EdTech in some form or the other, and the popularity of this industry is only set to grow at a rapid rate. 

There are, of course, several challenges that Edtech helps overcome and several markets needs it meets. Since it’s a highly responsive form of learning, error correction and refining are two key advantages. In contrast to traditional forms of learning, which aren’t flexible, Edtech helps a person learn at his own pace, thereby saving a lot of time and confusion.

Most people spend most of their time in front of a computer, especially since the COVID-19 pandemic. Therefore, it only makes sense for business owners to integrate technology into every aspect of their operations, including training. 

The right method of learning advances employees’ skills and simultaneously elevates engagement in organizations. In a world where “soft skills” are equally critical, employees are taught only “hard skills”, which leads to an unbalanced work environment. An online training platform combats all these challenges and much more. There are a huge number of benefits in incorporating EdTech into employee training. Let’s look at some of them in detail now.

Better learning

The number of times our teams have had to rework something because they didn’t accurately understand expectations is not negligible. Not everyone learns as effectively through text-based training. However, an online platform that integrates audio, video, gamification, and more, enhances engagement and improves learning outcomes. 

Flexible Training

Employees today do not want their training process to be confined to a particular space or time. Personalized online training gives them the flexibility to choose the time and place of their learning, be it at home, during their commute, etc. Employees also have the freedom to learn at their own pace, which can significantly improve their understanding more.

Track progress

With online training platforms, there’s an added advantage of automatic and instant feedback. This enables the employees to identify where they lack in and work on those areas, which leads to faster development of the organization. 

Frequent Training

Organizations can ensure continued learning with personalized online training platforms while employees benefit from quick, on-demand information that ultimately leads to a faster pace of learning. 

Shorter learning modules that are frequent tend to be much more advantageous than particularly long ones that don’t deliver as much impact. This retains the employees’ attention and thus improves the overall learning experience. Online training platforms best serve this aspect and are an extremely practical option to go for. 

EarlySalary’s SkillUp Fest

The right skill set is crucial for professionals in any job anywhere in the world. Meeting expectations and working efficiently becomes exponentially easier when teams clearly understand requirements and pack in the right knowledge to meet them. This is exactly where EdTech solutions like Fibe (Formerly EarlySalary)’s SkillUp Fest come to the rescue. 

Feel free to contact us for any questions on credit, loans, and your instant cash needs!

Download the personal loan app here, or log in to our website and experience the Credit Suite.

The relationship between investing in financial literacy and employee retention

Every healthy company culture is mindful of including programs and initiatives to contribute towards their employees’ overall well-being, especially when it comes to upskilling and educating them regarding important subjects such as financial literacy. Investing in financial literacy programs and workshops can help organizations relieve employee stress and significantly improve retention rates in the long run. Here’s how:

Lower financial stress for the employees

Financial literacy

The World Health Organization has declared stress as the ‘epidemic of the 21st century’ and it is already causing organizations across the globe billions of dollars every year. Stress is closely related to reduced productivity, and when it comes to financial stress, it can lead to a significant decline in the performance of your employees. 

This is where financial literacy saves the day and conducting programs that educate employees about their finances can help them in making more wise and informed financial decisions. Getting rid of financial stress is crucial because if employees are under immense financial burden, they will feel the need to change jobs more frequently. 

This can cause a significant drop in your company’s employee retention rate, as financial stress will drive them to look for opportunities and jobs that pay more and are outside of your organization. Moreover, it is essential for the well-being of your valued employees that they can successfully combat financial stress to perform better and lead healthier and happier lives. 

Better connect with the organization 

Financial literacy

When employees see that the organization they work for is allocating resources and conducting comprehensive training programs on important topics such as financial literacy, they feel more connected with the company personally. This also helps in building employee loyalty and creates a deeper and meaningful connection with the organization. 

Conducting workshops for introducing, explaining, and encouraging healthy financial practices is a crucial step towards boosting the financial literacy levels of your employees. This investment promises long-term returns in terms of increased allegiance with the organization, and your employees will feel more motivated to do better and perform better than before. 

Extending relations beyond productivity and performance

Financial literacy

A company’s relationship with its employees should never be just transactional. An organization should also be involved in every employee’s emotional and holistic development as it directly involves their performance and productivity. Investing in financial literacy helps make your employees more financially aware of different financial services they can levy in terms of emergencies such as quick instant loans and help them navigate tough financial situations. This is imperative as they will see your organization as more than just their workplace and associate it with a more positive, wholesome environment that cares about their needs and problems. They will see the value in working with your organization. which will help in boosting employee retention rates significantly. 

Better productivity and work satisfaction 

Financial literacy

Finally, when your employees are not preoccupied or losing sleep over money problems, their productivity is bound to improve. According to the 12th Annual U.S. Employee Benefit Trends Study, over 51% of employers agree that financial problems have contributed to the decline in productivity of their employees. Another study conducted by APA states that nearly 20% of employees feel that their financial stress negatively impacts the way they interact with their coworkers. These numbers show that financial stress can significantly impact how employees exist and engage in a workplace, and how crucial it is to implement financial literacy programs for their overall well being and peace of mind. How they cope mentally with their money problems will directly affect their overall productivity. Moreover, when organizations invest in programs to encourage and improve financial literacy for their employees, it also leads to increased workplace satisfaction, in addition to better performance at work. 

Several other benefits come with financial literacy programs in the workplace, such as better employee business acumen, help and assistance with recruitment, and attracting new and improved talent for your organization. In addition to paying adequately, you can help employees gain better control of their finances via financial literacy programs that add value to your organization and improve employee relations. 

Feel free to contact us for any questions on credit, loans, and your instant cash needs!

Download the Fibe app here, or log in to our website and experience the Credit Suite.

Can I Apply for a Personal Loan Using an Aadhar Card?

With the recent advancements in the financial sphere, personal loans have been made readily available with little documentation required. Aadhar Card Loans have been rapidly rising in popularity as they allow consumers to acquire a personal loan without having to go through the hassle of complex paperwork. Unlike traditional bank loans, they are completely hassle-free. 

What documents do you need for Aadhar Card loans?

The introduction of the Aadhar Card as a viable paper-less e-KYC documentation has had a significant impact on the country. Aadhar Card automatically fills up the biometric information required for the eligibility criteria behind acquiring personal loans. You can use your Aadhar Card as ID proof or address proof during the documentation process. Therefore, the days of carrying a heap of files with you to the bank are long forgotten! However, you must carry your salary statements, PAN Card, and bank statements for the successful approval of your personal loan.

personal loan, aadhar card loan, financial wellness

Role of Aadhar Card in Personal Loans

A personal loan is every man’s savior during treacherous times. Whether it is a medical emergency or household requirements, you can easily apply for a personal loan to lend you a helping hand. Make sure you submit your KYC (Know Your Customer) documents before applying for a personal loan using your Aadhar Card. The KYC documentation ensures prevention against fraud and money laundering activities. The option of providing your Aadhar Card as a means of identity proof has made the process of acquiring personal loans twice as easy since the ordeal of going through biometric checks are a thing of the past. Personal loans are usually taken up during emergencies and the fast-track process of Aadhar Card verification ensures quick, timely approval of the personal loans. 

personal loan, aadhar card loan, financial wellness

Aadhar Card Loans on Fintech Platforms

Using an Aadhar Card for personal loan approval is easy. You just need to carefully go through a few steps and you’ll be good to go. Online banking processes have had a significant say in how loans function in the current world. 

Nowadays, the process has been made even easier with online methods of loan application coming up every day. Several fintech developers – like Fibe – have put their efforts into creating platforms where you can compare and contrast various personal loan deals along in a few simple and easy steps. Fintech companies work closely with their respective partner banks to ensure top deals and discounts, attractive offers, and low-interest rates curated for you. 

personal loan, aadhar card loan, financial wellness

How to apply for Personal Loans with an Aadhar Card?

You can apply for personal loans during emergencies and otherwise using a few simple steps. Here’s what you would need to do-

  • Download the Fibe (formerly EarlySalary) app.
  • Fill in your application for a personal loan. Enter the required personal details and specify your loan requirement. Your Aadhaar card details will be required here.
  • Submit the application upon its successful completion. 
  • Once your details get verified, your personal loan will get approved within minutes and the stipulated amount will be credited straight to your bank account.
personal loan, aadhar card loan, financial wellness

The process is relatively easy and cost-effective. It saves time and effort while delivering what it promises. Taking personal loans using your Aadhar Card is a wise choice in today’s world where everything is making a shift towards digitalization, and Aadhar Card has been deemed as highly important by the Indian Government.

Feel free to contact us for any questions on credit, loans, and your instant cash needs! We’re listening all

Download the personal loan app here, or log in to our website and be a part of the #OneSmallStep experience.

Frequently Asked Questions

Can I avail of a loan only with my Aadhaar card?

Yes, you can get financing on your Aadhaar card, however, is at the lender’s discretion. They may need a few other documents such as income proof in order to process your personal loan application.

How much loan amount can I get with an Aadhaar card?

With an Aadhaar Card, loan amount you can avail of depends on the financial institution’s policy and your creditworthiness. At Fibe, you can get instant cash of up to ₹5 lacs within minutes.

Can I get a CIBIL score with an Aadhaar card?

No, you need to submit your PAN Card, passport, voter ID, or driver’s license to check your CIBIL score.

Is Aadhaar mandatory for a personal loan?

No, an Aadhaar card is not a mandatory document to get a personal loan. But keeping your Aadhaar card handy while applying for a loan, makes the application process much easier.

Can the CIBIL score be checked by an Aadhaar card?

No, your PAN Card, passport, voter ID, or driver’s license is required to check your CIBIL score.

How Moms Staying At Home Can Become Money Masters

Let’s be honest, being a stay-at-home mom isn’t an easy life. Changing diapers, feeding your little one, and taking care of other chores at home makes the entire day seem like a blur for most. Moms who are enthusiastic about going out and working fail to make enough time to make the amount they need. 

So, how do they fix this? 
Simply enough, they find work from home mom jobs which allows them to flexibly work at their own pace. Thanks to the infamous lockdown as well, not only are moms working at corporations but are also establishing businesses themselves! 
Let’s look at some ways how you can too join the band and earn money, being a stay-at-home mom!

Be a Freelance Writer

One of the best ways you can make some cash behind a screen is freelancing, where there’s no commitment to work hefty hours. Just merely get in touch with a client who needs the content you can provide, write when your baby’s taking a sweet nap, and voila, you’ve just made an earning from it! It is basically a win-win situation for all!

Open Your Etsy Shop

Are you a creative mom and are usually complemented for your art and craft? Then this next pick will fit your bill just fine. You can try your hand at trading on Etsy. This is an e-commerce website that enables independent sellers to get together with clients. Here, you can sell various products such as jewelry, handmade items, vintage goods, crafting supplies, printables, and much more. 
This is perfect for a mom’s wanting to earn from something that she enjoys doing. You can start by creating an account and accordingly, Etsy will charge a small amount on every item listed for sale. And once you have finished setting up the profile, you can start selling! 

Start a blog

Blogging is probably one of the most flexible jobs from home mom jobs out there. You can just brainstorm and write about the stuff that interests you, ranging from cooking to parenting skills and tips. You can do this at your own pace and comfort rather than chasing deadlines. Several free websites would allow you to publish your blogs, for example, WordPress, Google Sites, and Blogger. 
Once you have set up your blog, you can start earning from it in multiple ways. At the outset, you can include affiliate (partnered) links into your content and earn commissions. The best thing is you don’t need to meet any deadlines because you set them yourself!

Become a Teacher

Ever wanted to experience what teaching is like? Well, good news, you can apply to be an online tutor. Even if you wish to work for yourself, you can set up online classes with hourly rates. Try organizing the classes in fields you’re best at (Art, Music, Language) and also ensure to keep no age restrictions so you attract more people interested in learning new skills.
To conclude, millions of mothers around the world have now switched to earning from home. Since most of these jobs are adaptable and quite straight forward. These were some ideas that could possibly help you earn a pretty decent income despite your hectic schedule. Especially, during the pandemic where several moms have tried these methods of earning and have progressively achieved a lot. Now so can you! 
Of course, some of these endeavors may require a bit of fund to begin with. For those needs, we at Fibe are more than happy to help. With instant loan options available right on your smartphone via the Fibe app, enabling your dreams is now a matter of a few touchscreen taps.

Download the personal loan app here, or simply log in to our website and be a part of the #OneSmallStep experience.

Republic Day Financial Pledge: Start Your Journey Towards Financial Freedom

Financial freedom isn’t about being super-rich. It’s about having enough savings, investments, or steady income to live life on your own terms without constantly worrying about money. If the question occurs, ‘what is financial freedom?’ Simply, it’s the confidence that your finances won’t hold you back from your dreams. It also means achieving financial security—where your money works for you, not the other way around. 

As we celebrate the 77th Republic Day on 26th January 2026, a day that stands for independence and responsibility, it’s the perfect time to take a fresh pledge — a pledge to become financially independent. With rising expenses and changing lifestyles, now is the right moment to rethink how you manage your money and learn how to get to financial freedom, one smart step at a time.

Why is Financial Freedom Important?

Financial freedom gives you control over your choices, your future and your peace of mind. It allows you to handle emergencies, plan big life goals and face uncertainties without panic. One major reason this matters today is inflation.

Why inflation affects your financial freedom is simple: as prices rise, your money’s purchasing power falls. Without proper planning, saving and investing, even a good income can feel insufficient.

Simple Tips to Achieve Financial Freedom

Here are some practical and achievable steps to get started:

  • Track your income and expenses

Knowing where your money goes helps you cut unnecessary spending and save more intentionally. You can track your income and expenses using budgeting apps like Walnut, Money View, or ET Money, or keep it simple with a monthly expense spreadsheet or a daily spend tracker.

  • Set clear short-term and long-term goals

Whether it’s travel, education, or retirement, defined goals keep you financially focused.

  • Build an emergency fund

Having a backup ensures sudden expenses don’t disturb your monthly finances or long-term plans.

  • Invest wisely with asset diversification

Asset diversification simply means not putting all your money in one place. Instead, spread it across options like mutual funds, fixed deposits, or RDs. A good starting point is to keep investments or savings equal to 3-6 months of your expenses as a safety net. This balance helps reduce risk and keeps your money growing steadily over time.
Remember, the ideal mix depends on your financial goals and how much risk you’re comfortable taking.

  • Manage debt responsibly

Loans can help when used wisely, but EMIs should always fit comfortably within your budget.

  • Review your financial plan regularly

Life changes, income changes but your financial plan should evolve with them.

Using Loans Smartly in Your Financial Journey

While savings and investments are crucial, there are times when expenses can’t wait. A well-planned loan can help bridge the gap without derailing your goals. The key is to borrow responsibly and ensure repayments are manageable.

Use Cases Where Loans Can Help You Move Forward

When used wisely, loans can support important life needs such as:

  • Education expenses to invest in long-term growth
  • Medical emergencies without exhausting your savings
  • Travel plans that don’t need to be postponed
  • Shopping or festive needs managed through easy EMIs
  • Bill payments or short-term cash gaps handled stress-free

Take the Republic Day Pledge

This Republic Day, let’s pledge to be more mindful of money. Save consistently, invest smartly, borrow responsibly and stay prepared for uncertainties. Financial freedom isn’t built overnight — it’s built through small, disciplined choices made every day.

At Fibe, we understand that life doesn’t always go as planned. That’s why we offer instant personal loans that are quick, transparent and flexible. 

With Fibe, you can get up to ₹10 lakhs in just a few minutes with flexible repayment tenures starting from 6 months to 36 months. Download the app today!

Frequently Asked Questions

What are the best money habits I should adopt this Republic Day?

Start budgeting, save regularly, diversify investments and avoid unnecessary debt.

What does financial freedom really mean in daily life?

It means covering expenses comfortably, handling emergencies calmly and making choices without constant money stress.

How can financial freedom reduce stress in my life?

When you’re financially prepared, unexpected expenses feel manageable instead of overwhelming.

How do I become financially independent in India?

By building disciplined saving habits, investing with diversification, managing debt responsibly and planning long-term.

Can taking a personal loan affect my financial freedom?

Not if used wisely. A well-planned personal loan can help manage important expenses without disturbing long-term financial stability.

How To Win Over The Impulse Of Online Shopping War

On average, 42% of us overspend online, later having to deal with the financial repercussions, according to a CouponFollow report. Many of us even use credit cards on such splurges, making the whole event even costlier, as not paying the full amount due will attract hefty interest rates. This may even lead to a vicious cycle of debt traps or worse, insolvency. We’ve already shared tips on how to get out of debt problems, but this article is focused more on proactive measures, rather than after-the-fact tips.

What makes this problem even worse is the fact that we might not have really needed, or wanted the product, but fell into the allure of clever marketing strategies by the giants in the eCommerce platform. 

If you’re one of the people prone to overspending, or a young adult looking for ways to avoid such mistakes in the future, you’re in the perfect place. Here are EarlySalary’s top 5 tips to win the war against the online shopping impulse. 

Make a Shopping List

In yesteryear times, making shopping lists for items that are required to be purchased from local, physical stores used to be a regular chore. However, with the ease of ordering online, the practice has slowly disappeared, ushering in an era of purchasing things that aren’t essentially necessary, nor affordable. Making a shopping list, before you visit the website (yes, website, you’ll understand the significance later) of your choice, can directly limit how much you spend on your shopping “trip”. 

Sticking to what you need can be easier when you have a physical list to adhere to, and as a bonus, you will have a rough idea of how much you’re about to spend before you even visit the platform. 

The 24 Hour Rule

The problem with splurges is the fact that they happen impulsively, without much thought put into whether or not it was necessary. While some of the impulses can be controlled by making a shopping list, you have to rely on these other tips when that fails. The 24-hour rule is simple. If you’re purchasing something online which is not on your shopping list or isn’t an emergency purchase, wait 24 hours before committing to the purchase. 

This period of 24 hours will let you have enough time to go over your budget at least once and let you decide if this purchase is something you really want to make. More importantly, this thinking time will reduce the impulse part of the purchase and will help you make rational purchase decisions.

The Alt ID lifehack

One of the common reasons we get sucked into the whirlpool of online spendings is because of the thousands of offer emails/messages we receive on a daily basis. That being said, we can not really afford to sign up with a valid email id or phone number, as they are essential to help your track your purchase and ensure safe delivery. 

The solution to this debacle is simple, sign up with an alternate email id and your secondary phone number. If you don’t have either, creating a new email id is free, and if you don’t have a secondary phone that you can use, try a spam filter that weeds out the offer messages that you get from the tech giants. As the often misquoted saying goes “what you don’t know, can’t hurt you”.

Uninstall, the mantra to success.

Another reason the whole process is impulsive is because of the instantaneous and intangible nature of online shopping. While going to a physical shop is the only way to tackle both of the problems at once, uninstalling the various shopping apps can go a long way. 

Yes, granted, sometimes, these platforms do provide an app-only offer, but if you really think about it, these offers often accomplish in making you spend more than you set off to. If you do really want to/have to shop online, having the extra friction of searching from websites definitely helps. Also, adding to the previous tip, uninstalling apps will mean fewer offer notifications, stopping you from visiting the platform in the first place.

If you’re gonna do it, be clever

For most of us, the last time we overspent, isn’t gonna be the last time overall. We may lapse again, and it’s completely fine. While we may lapse again, it is prudent to set up measures and outs to reduce the negative impacts of overspending. Such measures include:

  1. Opting for cash in delivery (increases tangibility, and the negative response associated with parting ways with hard-earned money)
  2. Using Debit cards (not credit)
  3. Using EMI cards, or shopping loans that are cheap (like Fibe shopping loans)

While the last tip won’t necessarily help you prevent all of the negatives from an impulsive purchase, it will help you go into “damage-control” mode, and often help you get back to being rational before the purchase is completed. 

Even if it isn’t the case, at least, you need not pay interest rates above 40%. The damage will be limited to the amount you spend, and cheap interest rates (as low as INR 9 a day), greatly reducing the impact of your impulse purchase. 

Feel free to contact us for any questions on credit, loans, and your instant cash needs!

Download the instant loan app here, or simply log in to our website and be a part of the #OneSmallStep experience.