Secure your future!!

 

Mutual Fund Sahi Hai!!  LIC zindegi ke sath bhi zindegi ke baad bhi!! Na sir Jhuka hai kabhi na sir jhukega kabhi!! 

We all have come across these Tv ads time and often and always wanted to save and acquire more money for our future. But I am a middle class man with limited income and unlimited expenses and there is no way I am able to manage my expenses and save for the future.

Stop right there!! Your search is over my friend. Today I am going to tell you how you can save money for saving money for the future.

1. Time Your Saving – Make a small Fixed deposit(FD) by using internet banking application on the very day you receive your salary. You can make multiple FDs of very small amounts and will break those FDs by month end whenever they are required. If u can spend your month with at least one FD, you will become a champion saver.

2. Understand Lifestyle Spending- We unknowingly spend a lot of money on our unnecessary lifestyle. These are the spending which can be reduced without compromising the quality of life we are leading. These include restricting eating outside, reducing the number of clothes and accessories we are buying and maintaining and repairing our appliances and items for prolonged use.

3. Save Health and Money- We are a very lethargic generation. The ecommerce and home delivery have made us very comfortable in our homes. We tend to use bikes or rickshaws for small market visits or for coming back home from bus stops or railway stations. The small amount which is consumed by using rickshaw and bikes can be saved by walking those distances and making ourselves healthy. This way we can make ourselves healthy and save a lot of money.

4. Buy what is needed – We are welcomed by lot of awesome deals every now and then. Do not get provoked by these sales. The mega online events say bigger than ever sale, the greatest Indian festival, big billion days. You will always find deals which may seem better than ever and the best deal of lifetime. But do not fall for those marketing gimmicks as you will always find deals when you are in need of the products. So buy only when its required and not when it is on some never seen before sale.

Everyone has their own income and their proportionate expenses. So there will be always expenses for your income, but it’s the small lifestyle changes and the saving culture and habit which can make you rich or can leave you as you are. So choose wisely!

-Nilanjan Kala