Earning money is not only about increasing your source of income but saving money is also a mode of earning.
Then what is saving actually?
It’s a cut off of your expenditure in unnecessary things but most people fail to do so and they spend more than they can afford. Here are few implements that you can add in your lifestyle that will surely help you to save money.
Make Budget: When you get salary the first thing comes in mind is to spend it to stop this kind of thoughts by making a monthly expenditure budget will help you to maintain your daily expenses and help you to make strategy of in which things it’s important to spend your money and which to remove. Making monthly expenditure budget also helps in improving the flow of cash people who doesn’t make a budget often doesn’t figure out where there salary goes at the end of the month.
Make a Note of Day to Day Expenses: It’s also sounds as making a budget but it’s about tracking your daily expenses. Many times people spend their dollar in many places like in fast food and many other things their expenses may seems small at that moment but these small small expenditure takes away a lot of your hard earn dollar at the end of the month.
Online Shopping: Online shopping helps a lot in terms of saving money first of all it’s fast and convenient and second its saves a lot of transportation cost as everything delivered at your door steps. It’s a fact that we spend around 20% of our income in petrol and if even if we able to cut that to 10% that will be great relief to our pockets.
Don’t Use Credit Card: Using Credit card seems to be good but these plastic money increases our bargaining power which is not good if you are trying to save money the trend of buy today and pay tomorrow pushes people to buy something and when the month ends or at the time of repayment all their income get spend on credit card bill.
Investing: Now all you have known how to save money now what will you do with those saved money buy some expensive things? No the answer is investing. Investing is good way to make money out of your money. There are several mutual funds, stocks, gold investment option to look out just choose right investment option and make your money grow with a little sum of money you save each month and invest it will become a huge sum at the end of the year.
0 comments:
Post a Comment