Fin Buzz Gudipati Sivakrishna

Hello Listeners

Welcome to the FinBuzz podcast.

I am your Host, Krishna.

This podcast gives your a wide range of knowledge in finance and Technology. In each episode, we will take one topic and give your brief idea about the concept, and not only these we will also discuss Financial planning, Overview of an Indian Companies annual reports, and also Audiobooks which are leading in Financial sectors.

We will be one point of solutions for all your questions.

We are available on all the major podcast platforms like Apple, Google, Stitcher, Spotify, Radio Public, Breaker Audio, CastBox, etc

Please follow and subscribe to our channel to get the latest updates on every new episode.

Thank you

anchor.fm/sivakrishna2013

https://sivakrishna2013.weebly.com/

Hello Listeners

Welcome to the FinBuzz podcast.

I am your Host, Krishna.

This podcast gives your wide range of knowledge in finance and Technology. In each episode, we will take one topic and give your brief idea about the concept, and not only these we will also discuss Financial planning, Overview of an Indian Companies annual reports, and also Audiobooks which are leading in Financial sectors.

We will be one point of solutions for all your questions.

We are available on all the major podcast platforms like Apple, Google, Stitcher, Spotify, Radio Public, Breaker Audio, CastBox, etc

Please follow and subscribe to our channel to get the latest updates on every new episode.

Thank you

anchor.fm/sivakrishna2013

https://sivakrishna2013.weebly.com/

Hello Listeners

Welcome to the 7th episode of our podcast

I hope you all listened to our previous episode if not please do listen to episode 6 is all about Emergency Fund.

Moving into our today's episode

We will be discussing How much money can government print?

I hope you all like the content and also please share your valuable feedback in any of the podcast platforms you are listening to.

Also please share our podcast with your friends

we also have a telegram channel if you want to join please search with our podcast name "fin buzz".

https://anchor.fm/sivakrishna2013

https://www.facebook.com/Sivakrishna2013/

https://sivakrishna2013.weebly.com/

Best regards

Sivakrishna

Hello Listeners

Welcome to the 6th episode of our podcast

I hope you all listened to our previous episode if not please do listen to episode 5 is all about Exchange Rate.

Moving into our today's episode

We will be discussing Emergency Fund

What is an Emergency Fund?

An emergency fund is a readily available source of assets to help people navigate financial dilemmas, such as the loss of a job, sudden illness, a major repair to your home or car.

Managing your budget can be stressful, especially if you have an emergency pop up. there is a way where you can prepare for your unexpected financial emergencies.

In Simple terms saving money aside from your regular income for your budget, it acts as a financial safety to overcome unexpected expenses.

not to mention the kind of major national crisis the coronavirus pandemic has created.

An emergency fund is a very important part of financial planning which can help you to improve your financial security by creating a safety net cash that can be used to meet your emergency expenses instead of taking high-interest rates from your credit cards or any unsecured loans and also it can impact your retirement plans as well.

It doesn't mean that creating this fund will solve all your money problems, it is only a key to give support when you facing tough times about money like job loss, etc.

Let discuss a few major situations why we need to have an emergency fund:


When you are in Job loss these funds can replace your monthly income.
No need for hunting for debts.
You can still maintain your lifestyle even when you are in crisis.
Sudden medical expenses even though you might be having medical insurance but we need to have a minimum amount right.
You can have benefited from added peace of mind.

So How much do we need to save for our emergency fund?

An emergency fund will vary from person to person situations, most of the financial experts suggest at least three to six months of your monthly expenses.

however, don't worry about saving your emergency fund overnight that's wrong assumptions.

How to build an emergency fund?

Basically, before talking about this fund first and foremost we need to understand how much amount can be saved on a regular basis so we need to calculate our regular monthly expenses which are inevitable or which cant skip preparing those lists and plan accordingly. An emergency fund can also be divided into two main aspects


Short term
Long Term

Above these two terms can vary based on the requirement maybe you have a secure job and steady income stream which may need less emergency fund but if your income is not steady and secure for those who are planning their money into retirement plans by this sudden crisis this might impact a very big number in your long term plans so to avoid such instance we have to make our emergency funds first priority and then save your money in investments.

Saving money can be done in any form like saving cash by yourself, opening a saving account which can generate some interest amount for the amount you are going save

Also, there are many schemes out in the market which can save your money with some decent interest rates.

I hope you all like the content and also please share your valuable feedback in any of the podcast platforms you are listening to.

Also please share our podcast with your friends

we also have a telegram channel if you want to join please search with our podcast name "fin buzz".

https://anchor.fm/sivakrishna2013

that's all for this episode.

Thank you for all the listeners.

Signing of

your host Krishna

Hello Listeners

Welcome to the FinBuzz podcast.

I am your Host, Krishna.

This podcast gives your wide range of knowledge in finance and Technology. In each episode, we will take one topic and give your brief idea about the concept, and not only these we will also discuss Financial planning, Overview of an Indian Companies annual reports, and also Audiobooks which are leading in Financial sectors.

We will be one point of solutions for all your questions.

We are available on all the major podcast platforms like Apple, Google, Stitcher, Spotify, Radio Public, Breaker Audio, CastBox, etc

Please follow and subscribe to our channel to get the latest updates on every new episode.

Thank you

anchor.fm/sivakrishna2013

Hello Listeners

Welcome to the 5th episode of our podcast

I hope you all listened to our previous episode if not please do listen to episode 4 is all about PPP (Purchasing Power Parity).

Moving into our today's episode

We will discuss

How does Exchange Rate work?

Before moving onto the topic everyone might be interested in knowing how does the Exchange rates work right?

Transferring money abroad and exchanging currency only when traveling and these regular users

transfer money abroad regularly might find its very hard to understand. So we come up with the solution to educated how this is going to work?

So here we are!

In this Finance world, an exchange rate is an amount that one currency is worth when compared to another country's currency by this each country carries its currency rates.

In other words, the exchange rate tells you the number of units of one currency that you will receive for one unit of another currency.

For better understanding we will take a small example here:

How many Indian Rupees will get if you are going 1 US dollar?

Exchange rates never standstill. They are forever fluctuating in response to economic and political changes and developments as they occur around the world.

The only time that most of us deal with them directly is when it comes to traveling or sending money overseas.

However, exchange rates indirectly impact many different areas of your day-to-day life - from the cost of your groceries and fuel to the job opportunities and the interest rate on your loans.

Now we will go little inside exchange currency

These rates are determined in the foreign exchange market which is open to a wide range of different types of buyers and sellers

In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency. The buying rate is the rate at which money dealers will buy foreign currency, and the selling rate is the rate at which they will sell that currency. The quoted rates will incorporate an allowance for a dealer's margin (or profit) in trading, or else the margin may be recovered in the form of a commission or in some other way.

What is better - High or Low exchange rates?

A higher rate is better if you’re buying or sending currency, as it means you get more currency for your money. A lower rate is better if you’re selling the currency. This way, you can profit from the lower exchange rate.

Here we need to understand one thing we have 2 different types of currencies


Variable Currency
Fixed Currency

There is a market convention that determines which is the fixed currency and which is the variable currency.

For example, in a conversion from EUR to AUD, EUR is the fixed currency, AUD is the variable currency and the exchange rate indicates how many Australian dollars would be paid or received for 1 Euro

What is Forex?

FOREX (foreign exchange market or FX), is a global market for currency trading used by individuals, businesses, and banks. If you make a transaction that requires a currency conversion, FOREX determines how much value you get for your money.

A big part of the foreign exchange happens for practical purposes - for example when you're traveling or buying foreign goods. However, a majority of currency conversion is made to earn a profit.

I hope you all like the content and also please share your valuable feedback in any of the podcast platforms you are listening to.

Also please share our podcast with your friends

we have a telegram channel if you want to join please search with our podcast name "fin buzz".

https://anchor.fm/sivakrishna2013

Best Regards
Sivakrishna