Save Money

Money

There are many ways to save our money. We all want to save our money in secure way. The money which can save in our need. The future plan is always required for all. The earlier to start the saving you can get free early. There are many products in the market to save the money. The options are many but we have to choose which is suitable and helpful to us. One must have to think twice prior to save his/her money. There are many schemes with fraud concept in the market. Never, try those all the schemes and save your money. Let’s discuss some of the points to save our money for future.

1)     Saving Account: Saving Account in the most popular and handy option to save the money. However, the rate of interest is too less than other but account can be used to save few extra money and can do payment with that with debit card and cheque. At present the interest rate is 4% on account. Saving account is having many types. They all have different criteria and facilities available with different banks.

2)   Public Provident Fund: PPF, the one of the best of saving. This is long saving option. Once the amount is deposited you can close after 15 years. The rate of interest is very good. The PPF is very popular at all the level. You can save the income tax by saving in PPF. The PPF account is so easy to open and minimum amount Rs 500 you have deposit once in a year to continue the account. There is loan facility is available subject to rules of the accounts. The PPF have been run very nicely by the high tax payer and very important for the less tax payer. Once the PPF is open you will find the real profit after years.

3)    NSC: National Saving Scheme: This is one of the good saving schemes where the person can buy the NSC and block the money for long term. The loan is available on the amount of NSC from the banks. The rate of interest is good.

4)     Post: The post has many schemes to save the money with it. The post is very good for the pensioner. Many of the senior citizens are having their account with post. The amount deposited for the long period and the interest is used for survival for their routine life.

5)    LIC: Life Insurance Corporation, the option of saving and to cover the risk of our life. The is the best option to save the money. There is almost all have the LIC plan in India. This is most trusted and famous for saving. There are many options with saving and money back after some interval. The planning is required for LIC plan. There are many plans as per requirements. We can save the tax by using the LIC plan.

6)     Government of India Bond, the most trusted and secure. The Interest rate is fixed and the money block for the long term. There is the option to choose the Bond.

7)      Bank Long Term FD: Long term FD in Bank which is helping us in tax saving. The period must be minimum 5 years.

8)    Medical Insurance: which cove the illness expense. This is also tax saving option. There are many types of medical insurance in the market.

9)      Stock Option: The stock option is the risky option. However, where the higher the risk than higher the return. This option is used by the person who only knows the market trends. Stock is also useful for long terms. The trading is too risky in stock.

0)   Recurring Deposit: The recurring deposit is the fix time saving scheme that may be any 1, 2 or any of the time limits. The said option is used for fixed saving on every month. The standing instruction save the fixed amount. The rate of interest is good.

There are many options to save our money. There is some other option like GOLD. We can save the money in GOLD and silver. The Gold has given very good return since a year’s long. The only problem is that the gold must be take care by us. We have store the gold in proper manner and proper place. The property is also a good option to save the money. The property is giving good return. Commodity market and currency market is also open for all.

The Money saving is having many option but all the options are not suitable for all. The person has to take care prior to select the saving option.

The saved money saves us in future.  We all have been taught to save the money and we all have more or less saving habits. The money is helpful to those who really save the money on prior time. Let’s start to save money.