Saving is for your rainy days.
With the passage of time, our country is facing hike in prices leading to inflation which makes the aspect of saving way more important. With such high cash crunch, it is important to save more from your salary and to spend lesser.
Saving money is very tough especially when you have recently joined a company and your salary is not way too high. But after all this too, you can save a lot.
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Here are a few easy tips that will help you in saving more money from your peanut salary:
1. Avoid junk food
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For most of the people, it will sound crazy but yes, you can save a lot of money if you avoid the junks. Try to consume a healthy breakfast in the morning which will suppress your appetite and by doing this you will stay away from the junk. One of the best tip for saving money.
2. Say goodbye to bad habits
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Try to quit the bad habits like smoking, drinking and other addictive habits. This will help you in saving a large amount of money that you spend on these waste things.
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3. Buy necessary stuffs
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Always try to buy stuffs that you really need, don’t blow your money on unnecessary things. Try to hold on your emotions that urge you to buy the cute, pretty things. This tip can help you a lot in saving more than half your salary.
4. Stick to your budget
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If you are planning out for an amazing Friday night with your friends, remember to spend money carefully. Always stick to your budget and contribute the amount that you can afford. Maintaining this habit helps a lot in saving.
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5. Dump public transport
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This tip can really help you a lot with saving. If you get a chance and have time also try to skip transports and take a walk down the lane. It is not only good for your health but also helps to save a lot of money.
6. Open provident fund account
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Try to open a PF account for saving up more money. This is an account where both the employer and employee save the same amount of money and later the employee receives the lump sum amount on retirement.
So, these were a few tips that you can follow that will help you in saving a large sum of money.
