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Saturday, 7 March 2020

How to save money, Easy ways to saving your money

How to save money? Easy ways to saving your money



Hello Everyone, 
Today we are going to discuss on a very important topic, which becomes necessary to understand we all. You know, today earning money is not very difficult task, but it's becomes quite difficult to save your money. Saving money is not that hard. We all have to save money for our future life, because no one can keep working for money for a whole life. We need to save money on periodic basic. There are many ways to make more money so you can save more. We have only two ways, first is to increase income and second is reduce expenses on unnecessary things. We have to decide what to do right now. Because, if we could not save money for future life then there is big loss of time and efforts that you had taken. I have mentioned some tips and tasks below to save money, if you will learn to do this, then definitely you will increase your savings.
Let's  see here are some Ideas to Save Money.

Easy and Best Ways to Save Your Money

Create a Balance Sheet

American management consultant, Educator and Author Peter Drucker said, "If you can't measure it," You can't Manage it. Due to personal balance sheet you can calculates your net income by comparing with your all financial assets, so it will create clear picture of your financial year. 
Without balance sheet you can't track your money and other ongoing financial things properly.
Personal Balance sheet is great place to figure out what your net worth is.
Once you have created your first balance sheet and you are getting monthly statements of your money earning.

Watch Video To Know How to Create Your Personal Balance Sheet.

Use Piggy Bank

Containers for storing coins known as coin banks. Normally piggy bank use to save loose change. To encourage saving, it is smart place for you. On the top of hollow container there is one small entrance, so coins could enter but not exit because the only way to get coins out was by breaking the container.
Piggy Banks Container are made up of ceramic or porcelain material. It is believed that the popularity of the Western piggy banks originates in Germany, where pigs were keep as symbols of good fortune.
By using piggy bank we can put a good example for our children's.

How To Save Your Money With Piggybank.ng


Do Shopping Online

With Online shopping you can save your money by getting best deals and exciting discounts on various products and save your money and time. When you are shopping online on festivals, check sell and festivals offers, so you can get all things with affordable prices.

Why people shop online rather than in store?
71% Internet users worldwide found, physical retail stores difficult to compare products!
It saves time and travelling efforts for shopping.
It is available in all days and all time.
It offers exciting discounts.
It gives to customers a wide variety of product range.
They provide home delivery and also online payment facility is available.
We can compare the prices of products easily so it saves our money in online shopping.

Watch Video:Top 10 Benefits Of Online Shopping

Online shopping gets better discounts than what the local shops have to offer. While doing online shopping, there is option for the coupon, do search for coupon codes to get an extra discount.

Open a deposit account

bank's pays interest on your money and is usually you are not able to be drawn on without prior notice.
Fix deposit is a low risk investment. The fixed deposit interest is more than Saving account interest.
You can invest in fixed deposit for a short or long tenure.
A fixed deposit gives a fix or stable returns on your money.
You can take loan on your fixed deposit.

Stop purchasing unwanted things

Some times we spend lot of money on purchasing those things which we don't need right now. So it should be keep in mind while shopping. Spend less and concentrate on your basic needs. you need to analyze where your money spent more, so you can control on it. Instead of purchasing new things, you can take those things on rent if it is possible. 

Buy some used product

There is some Online Sites which provide used or second hand products for different applications.
You can get best products with good condition. So instead of buying new products, buy this products with best prices and save your money.

Avoid this things to save your money

  • Try to avoid Restaurant food.
  • Focus on generating extra income sources.
  • Know where your money is going and try to control over it.
  • Set short term goals to earning more money.
How To Earn Money Online without Investment?

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