You might have heard lots of ways to save your hard earn money. But, they may be simply not practical as they suggest to avoid what you like and enjoy.
So here is the top 10 practical ways to save money in India and might be applicable to other parts of the world too.
Set short term goals for saving:
Most of us we do not plan our budget and end up with spending more. So good habit is to make short term goals like to save 5 thousands each months to get 3 lakhs in 5 years with interest.
Ultra short-term plans:
Investing money in short term plans like 10 days, 6 weeks 9-months etc. They pay higher returns. You can open these fixed deposits online with your Internet banking account. It generally pays you upto 10% interest rate which is approximately 2% higher than longer period investment. You may also like the top ways to invest for higher returns.Also learn to get higher returns on your savings.
Do not do force shopping:
While watching TV or surfing online we come across lot of attractive sales like discounts. We fell in trap and buy things which we actually do not need. Many of stars like Rithvik Dhanjani (winner of Nach Baliye season 6 on Star Plus 2014 with Asha)even does not carry his credit cards so when he feels like impulse buying he stops him self.
Purchase branded long lasting goods:
"Sasta roye baar bar aur mehanga roye ek bar". Items like branded shoes and jeans last longer and avoid spending again and again. We can keep 1-2 good pair of shoes from woodland and 2-3 pairs of branded jeans purchased in sale.
Watch movies in morning shows:
Most of the theaters provides cheaper tickets like Rs. 120 instead of Rs. 300 on morning shows and weekdays. So try to grab those offers. Also you can watch few movies by downloading free.
Eat in value for money restaurants:
Eating habit is a prime factor which may save you lot of money. You can cook food at home and have before moving out so that you eat less. Try to visit restaurants or hotels which provide good food at reasonable price. I am not telling you that do not visits restaurants, I am talking for regular eating like daily lunch or daily dinner.
Use Cooker and soak pulse and rice before cooking saves consumption of gas and so money. So why to only think paisa.
Learn tax saving techniques in India.
Purchase from hyper market:
Hyper markets sells goods at at cheaper price than main malls.
I observed that Auchan Super market was selling potato for Rupees 28/kg while local vendors were selling Rs. 36/kg in Chennai in mid December 2013.
We can check the prices there and purchase goods at grocery shops which is near to you. This will save your energy and transport money.
Use own carry bags while shopping in malls:
If you are purchasing ten items from different sellers in mall then you will end up paying around Rs. 50 for plastic bags so carry your own bag while going for shopping. This way indirectly you are saving nature also.
Use sale seasons discounts:
Purchasing your desired branded clothes and gadgets in sale season may save you upto 50%.
Invest Invest Invest:
Saving money does not make you richer. So, invest money in different options like Fixed deposits, PPF, bonds mutual funds, MSI and other ways of growing moneys.
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So here is the top 10 practical ways to save money in India and might be applicable to other parts of the world too.
Set short term goals for saving:
Most of us we do not plan our budget and end up with spending more. So good habit is to make short term goals like to save 5 thousands each months to get 3 lakhs in 5 years with interest.
Investing money in short term plans like 10 days, 6 weeks 9-months etc. They pay higher returns. You can open these fixed deposits online with your Internet banking account. It generally pays you upto 10% interest rate which is approximately 2% higher than longer period investment. You may also like the top ways to invest for higher returns.Also learn to get higher returns on your savings.
Do not do force shopping:
While watching TV or surfing online we come across lot of attractive sales like discounts. We fell in trap and buy things which we actually do not need. Many of stars like Rithvik Dhanjani (winner of Nach Baliye season 6 on Star Plus 2014 with Asha)even does not carry his credit cards so when he feels like impulse buying he stops him self.
Purchase branded long lasting goods:
"Sasta roye baar bar aur mehanga roye ek bar". Items like branded shoes and jeans last longer and avoid spending again and again. We can keep 1-2 good pair of shoes from woodland and 2-3 pairs of branded jeans purchased in sale.
Watch movies in morning shows:
Most of the theaters provides cheaper tickets like Rs. 120 instead of Rs. 300 on morning shows and weekdays. So try to grab those offers. Also you can watch few movies by downloading free.
Eat in value for money restaurants:
Eating habit is a prime factor which may save you lot of money. You can cook food at home and have before moving out so that you eat less. Try to visit restaurants or hotels which provide good food at reasonable price. I am not telling you that do not visits restaurants, I am talking for regular eating like daily lunch or daily dinner.Use Cooker and soak pulse and rice before cooking saves consumption of gas and so money. So why to only think paisa.
Learn tax saving techniques in India.
Purchase from hyper market:
Hyper markets sells goods at at cheaper price than main malls.
I observed that Auchan Super market was selling potato for Rupees 28/kg while local vendors were selling Rs. 36/kg in Chennai in mid December 2013.
We can check the prices there and purchase goods at grocery shops which is near to you. This will save your energy and transport money.
Use own carry bags while shopping in malls:
If you are purchasing ten items from different sellers in mall then you will end up paying around Rs. 50 for plastic bags so carry your own bag while going for shopping. This way indirectly you are saving nature also.
Use sale seasons discounts:
Purchasing your desired branded clothes and gadgets in sale season may save you upto 50%.
Invest Invest Invest:
Saving money does not make you richer. So, invest money in different options like Fixed deposits, PPF, bonds mutual funds, MSI and other ways of growing moneys.
You may also like:
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