How to save your money!!!!
There are many practices which
can be adopted by us to save the money. Many of them we are not adopting due to
some laziness. Now, the time is to save the money as all the materials is
having heavy cost. There is nothing cheap in the market. We have to pay a lot
of rupees. By looking this scenario we will have to pay more and more in coming
days which require good saving to us.
There are some hints given below
that how you could save your money. These are my own thoughts.
1. Save
your money in nationalized bank when you have no idea about some other way to
earn the money. Just not invest the money with the advice of stranger. The
money is yours and the decision must be yours.
2. Just
change your habit of smoking and drinking wine to save the money. Both the
habit is not accepted by your family. You can save the plenty of money by
dropping such habits. Always ready to take challenge. This is also one kind of
challenge and you will get reward a lot.
3. Slowly
minimize the habit taking food in hotels. This is very costly and as healthy as
home. Try to avoid such occasion where you are going to spend a lots of money.
If, you stop to eat in hotels your family will also help you to do the same.
Because, ultimate the saving is for the family.
4. Do
not give parties to your friends on just normal reasons. This is costly and
effect to your budget. You can plan something else and save your money. There
must some sense on giving party. All is reasonable to call the friends in the
party. This is ultimate cost to you.
5. Try
to use the public transport rather than your own vehicles when you are going to
travel alone. Use your vehicle only when you are taking your family for outing.
As the petrol, diesel and gas prizes are so high and still getting high.
6. Do
not fuel more than your requirement just thinking that you are going to save
the money. Fuel as and when required.
7. Save
the electricity of house and shop. Try to avoid unnecessary use of electricity.
We are never worry about the cost of electricity. Use proper bulbs and tubes at
proper places. Use the new technology to use the electricity. Try to use common
things with the family members. Try to use the sleep option in air conditioner.
Shut down your computer when that is not in use. Use the proper capacity water
pump. Use the proper led lights.
8. Do
not pay too much in mutual fund. Survey your requirements and then go for the
investment option.
9. Also
control Insurance product. Take an advice from a good insurance agent. Do not
go for the different offer. Remember, the offers are always cost to the client
only. Prefer the agent who is not talking about to give the commission back.
This is observed that the agents who are offering the commission are always
insisting the client unnecessary insurance product and ultimate they get what
they want while the client loose the big amount and unnecessary insured him/her
self.
10. Plan
your tax liabilities from the beginning and act accordingly. Be sure about your
goal.
11. Do
not keep extra balance in your saving account always put the amount as fixed
deposit. This will gain more for you.
12. The
people, who are living outside the India, have to invest in nationalized bank
and in property.
13. Property
investment is also risky. You have to be very much accurate and honest in
investment. If you just relay on other you will never gain anything.
14. The
gold and silver are always demanding in the world. You can invest respectively
and honestly in Gold and Silver.
15. If
you have extra home or flat or bungalow just give it on rent and create your
income. This is long term best investment in property from where you can gain
regular income for the coming many years.
16. Buy
the product which is very familiar and routine to us. Some people are just
demanding the brand. We must have some sense to understand that when the brand
name is always not important to us. We can change the thing and save lot money.
If product A is brand and its cost is Rs 5000 with validity of 1 year then it
is better to purchase the product B without brand name and cost is Rs 1000 with
the validity of 6 months.
17. Always
keep in mind the future. The days are not coming as simple as what you have
passed in the past. There are always challenges in the life. Save money not
only for you but also for your generation.