Posts

money saving tips..

When you bring home your money, put a size able amount straightaway in your bank account the next day. Next, consciously go about cutting costs at every step. Specially the avoidable and unnecessary ones. You might reach a stage where you would be unable to continue any further with the money in your hand. Draw some money from the bank. Only just as much as you anticipate would be necessary to meet necessary expenses for the rest of the month. If you are able to save any from the amount drawn deposit it in your account again. If you can continue like this for a few months, you would be able to develop a habit of  saving money  You would also be able to have a size able saving in your account which could be used to meet unforseen or emergency expenses. You would also have a realistic idea of how much you need to spend and how much you can actually save without starving yourself. Savings made thereafter can be prudently invested in long term or fixed deposits or stocks, mutual f...