Great Tips: How to save money in India

Learn from this article tremendous tips to save money tips in India.

Money is important for all of us, but it is said that Lakshmi is fickle. Till the person does not earn money, he keeps working hard for it. But as soon as he gets the money in his hand.

He starts thinking of spending it. Many people earn a lot of money but cannot save it. spend it.

Learn How to save money in India? great tips – Save Money Tips in India

In this article, we will give you 10 great tips to save money-

keep money in your bank

It is generally seen that when people keep cash money with them, their money is spent more. Those who keep their money in the bank get their savings. When money is lying in the pocket, the possibility of spending it increases.

Deposit money with wife or mother

Generally, men are very expensive but this may not apply to you. If this is the case with you too, then deposit your money with your wife.

Most of the housewives in India run very cheaply. She adds every penny. Do not spend money unnecessarily. Therefore, you should also deposit money with your mother or wife.

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Write expenses in Diary

You should write all your expenses in a diary. Vegetables, milk, electricity bills, newspapers, children’s fees, petrol, medicine, all the expenses for traveling outside should be written in the diary.

Make piggy bank Save money daily on a Piggy Bank

If you are not able to add money then make a piggy bank. Even if it is not only for your children. Keep putting 50, 100, 200 rupees in it every day. In this way, your money will be added. When you need it, break the piggy bank and withdraw the money.

Get Fixed Deposit (FD) Create a Fixed Deposit or e-RD account

You must have heard about FD. It is called Fixed Deposit. In this, an amount is fixed for 1-10 years. After those stipulated years you get 6 to 7% interest. This plan is very good.

Buy items in bulk Buy monthly food and grocery items from Whole sale shop

You should buy ration for the month in bulk. With this, you will get ration very cheap. If you buy many things like pulses, rice, tea leaves, sugar, soap, surf, toothpaste, washing powder, bath soap in bulk then you get cheaper. In this way, you can save money.

Deposit money in your Savings account regularly

You should open a savings account. You kept putting some money in it every month. In this way gradually your savings will be done. If your income is not very high, then you can also put 2 to 5 thousand rupees every month.

Stop wasting money unnecessary

Some people earn a lot of money but spend money in vain. Like eating dinner in a restaurant outside the hotel. You decide how many times a month you will go out to eat in the hotel.

If you have time then cook food at home because food in the hotel restaurants is very expensive. Apart from this, you can save tuition fees by teaching your children. Let the children drop themselves off at school.

For this, you will not have to pay extra fees. Some people are very fond of buying clothes. You should decide how many times a month you have to buy new clothes. Don’t spend money unnecessarily.

Make monthly budgets

You should make a daily and monthly budget. Make sure in advance how much money you have to spend every day and in a month. Keep writing all the expenses in a diary. Compare with last month. You yourself will not spend extra money in the next month.

Save money by shopping online Buy products online during Sales

The products which are found expensive in the market are found very cheap online. They also get huge discounts. Buy mobile phones, clothes, shoes, electronics items and more online.

This will save you lots of money. Companies like Amazon, Flipkart, Snapdeal organize the Mahasale fair. At that time the products are available cheaper. You should make purchases in the sale. This will save money.

Save Electricity Bill Sae Electricity

If you turn off the unnecessary fan, TV, and other electronic items in the house, then your electricity bill will come down. In this way, you can save money. Pay your electricity bill online. This will give you some cash back. You will benefit.

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Stop Smoking and Alcohol Intake

Alcohol, cigarettes, and other intoxicants are very expensive. There is no benefit from their consumption and there is harm to health. Sometimes such substances prove to be fatal. If you stop using drugs, then your expenses will come down to a great extent.

Stop Wasting Expenses Stop wasting on no need items

You can reduce many expenses like newspaper, magazine, magazine. You can read all kinds of magazines on the internet. Not only this, you can also read books on the Internet. In this way you can save your money. Women who go out to the beauty parlor can do beauty work at home and save money by learning beauty skills through the internet.

Use public transport Use public transport vehicles for daily travel

Private vehicles like cars, motorbikes, scooters are very expensive. If you will use facilities like bus, metro train, train to go to the office or out, then you will save a lot of money.

Get Insured Buy a Life Insurance

Nowadays many companies like LIC, SBI are providing insurance facilities. If your income is less then you can take a small insurance policy. In that every half-yearly or annually you have to deposit some amount.

It will be beneficial that you will also get insurance cover and your money will also be saved. In case of an accident, you will get the full sum insured. Everyone should have insurance. It is very necessary. It comes in handy in bad times. LIC insurance is very popular among people.