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-by Sahithya S

The most hardest part of saving money is to start practicing it.Here are a few tips to save money.

  • Keep track of your expenses
    Always figure out how much money you spend each month.Take out a note, write down your monthly budget and analyze your expenses.
  • Allocate a budget for savings
    If cash is in hand we tend to spend more.Each time you get the money,save a part of it.A little saving each time can end up helpful in some situation.
  • Understand your needs and wants
    Cut down on unnecessary things.Buy only what you want.Don’t spend your hard learned money on things you don’t actually need.
  • Decide on your priorities
    Instead of spending on little insignificant things plan on a long term goal. Make a bucket list for yourself and start planning your expenses.
  • Set saving goals
    Put in a percentage of your salary into a savings account each month.With every increment try increasing the saving amount as well.
  • Say goodbye to debt
    Debt robs you income. Never put yourself in this position. Start saving early to get away from this.

Following these tips would help you satisfactorily watch your savings grow. Saving money is extremely important as it helps protect yourself  in the event of a financial emergency.Always beware of little expenses for a small leak can sink a great ship. Start saving before you start spending.

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