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Easy Money Saving Tips!

2 minutes, 17 seconds Read
Many people think they are not good at earning money, what they don’t know is how to use it. And especially women always keep their lip locked while disclosing money. They easily talk on other matters but when the topic comes regarding their investments and savings they are quiet or want to hide. According to Kathy Murphy, president of Fidelity’s personal investing ‘Beneath women’s reticence to talk about money lies a lack of confidence in their financial planning and investing.’
Easy money saving tips!

This lack of confidence is really “self-imposed.” Actually if women take interest they can save more than man.

Saving money is not to gather only balance and become rich but it is to live life at our will. Life has many ups and downs to face, Money saved today may be helpful tomorrow.
Properly plan your budget according to your earnings. Invest it on your terms. Whether you are saving for a home, children’s education, retirement, or paying down debt, putting a plan in place is one of the best ways to ensure that you’ll have the money you need.

Some basic tips to save money are:

  • Keep track on our spending. Money when comes in our hand searches the way to slip. Major spending are in our mind but minor spending have its list long that we does not remember. End of the day we find that money is going to finish and number of targets are left to complete. Learn to say ‘NO’. Spending on necessary requirements are ok but spending unnecessarily is waste of money. If you are having a plan on saving than control is necessary.
  • Plan a budget. Budget planning is important to use money according to that and save rest of the amount for your future requirements. A budget may be complicated but plan it.
  • Saving accounts. Saving accounts can help you to reach short and long term saving goals. When you put your money in a saving account, the bank will pay you interest on your funds. Money kept as a saving in cupboard is easily used than in bank. So rather keeping money at home it is better to keep in your bank account.
  • Regular deposits. Treat your saving account deposits just like your other bills. Saving sometimes find an extra effort with our earnings so we take it lightly. But regular deposition only can grow our saving amounts.
  • Let rest your saving account. Less withdrawal and regular deposition will bring a big amount when in need. It is up to us, how often we withdraw it and loose money from the account. Try to leave your saving account alone if you want to watch your balance grow.

Trupti Bhatt

Extremely enthusiastic about writing, reading, movies and food; though not necessarily in that order! A Feminist by choice and finds comfort in giving 'gyaan' from time to time. Would love constructive feedback on my writing as I am always looking for ways to improve!

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