How to save money and get rich ?
Money now a days is very important to all of us. Money can buy a good house for a living; delicious food for taste; fashionable clothes for good looking and so many things which we require in day to day life.
- Everyone is operating and earning money, but nonetheless over a long period of age he is entirely able to sustain his family need not more than. He/she always thinks of the economical freedom life. How's it is possible he/she don't know throughout his lifespan. Its a everybody story. So how's to become rich with this same money with a little effort. Here I am discussing with you some of few tips how to save money and get rich.
- Take one part of your salary/earnings: We have so many expenses in every month. In this expenses we forget yourself. So firstly respect yourself and take some part of your salary and keep it in a saving box which must not open in any ways.
- SIP-Systematic Investment Plan: SIP is one kind of mutual fund. You can save a small part of money, whichwill become a huge amount after a particular period with no extra tension. Here at SIP there is no need to invest a big amount. You can invest as per your saving (e.g.: Rs. 500/- onward). SIP is one kind of investment which works on Rupee-Cost Averaging and the Power of Compounding. It's a disciplined saving, long term gain, flexible and convenient to all who cannot invest a huge amount.
- Always keep in mind Saving + Investment = Growth
- Life Insurance Policy: Insure yourself by taking a life insurance policy which will also a saving.
- Don't use credit cards: Masses who are utilizing credit cards for purchases end up expending more money than people who use cash, on average. So break up or say goodbye to your credit cards.
- Don't believe in short-cut methods like purchasing of tickets, lottery etc.
- Use coupons: Using of coupons for the purchasing also a good method of saving. But try to avoid too much coupon.
- Monthly budget: Make a monthly budget and try to stick with that.Monthly budget covers all your expenses like food expenses. Try to purchase in bulk, which will come with some discount.
- Fun outside: Include some amount in your monthly budget for your fun or leisure outside once or twice in a month. Try to reduce it minimum in a month. Can visit gardens or Museum with home made food to save money.
- Try to avoid vehicle for a short distance. Make a habit of walks which will also keep you healthy.
- Try to avoid junk food as it attracts fats and diseases and invite doctor/gym/fitness center to keep you healthy. Try to cook everyday at home.
- Keep watch on your utility bills: Always tract your water, electricity and telephone bills. Wherever possible work on "SAVE WATER SAVE ELECTRICITY" policy. And many more which will added time to time....Have a good day. Keep saving.
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