Effective money savings tips

rajasekhar By rajasekhar, 5th Oct 2012 | Follow this author | RSS Feed | Short URL http://nut.bz/hn9twrzc/
Posted in Wikinut>Money>Saving

Saving money -- the most required element in every human life. A comparison is required about the income and expenditure( of course needs also).

Effective money savings tips



Money makes many things and money destroys many things. Savings insulates you from possible losses( including financial ) and gives you the ability to expand your finance and status in society. Savings is the best defense against bankruptcy.

These are some tips you can follow for effective savings of your income

1) Wants and needs -- you buy items / services because you need them. Food, clothing, shelter and transport are the primary requirements. Items like car, phone, electronic gadgets are necessary part in modern world for a busy working individual. Evaluate your need and make a priority for these requirements and plan your expenditure in your savings.

2) Less is best -- Less luggage is more comfort. Have a little survey about your food habits and requirements and its cost,availability, the body pampering devices and accessories, such as clothes and relaxing items using for body-relaxing etc.

3) Spend less -- Spending more than what you earn is a bad habit. Always try to allocate a special percentage of your earnings to go into your savings accounts while spending the rest for your day-to-day requirements.

Tags

Earn, Earning Tips, Saving Money Ideas, Saving Money Tips, Saving More Money, Saving Tricks

Meet the author

author avatar rajasekhar
Formerly Associate Partner with SUN Microsystems Inc., and a Freelance IT Consultant,
Designer http://www.writeearngrow.com

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Comments

author avatar Sangita Karki
6th Oct 2012 (#)

Lovely post and useful tips..

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author avatar rajasekhar
6th Oct 2012 (#)

thank Q sangita

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author avatar neeta desai
8th Oct 2012 (#)

It is always temting to spend money.. but always better to save it.. nice post

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author avatar neeta desai
8th Oct 2012 (#)

It is always temting to spend money.. but always better to save it.. nice post

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author avatar rajasekhar
9th Oct 2012 (#)

thank Q Neeta

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author avatar rajasekhar
9th Oct 2012 (#)

there is no clear meaning and end for tempting. we can become tempted on so many things. once again thank Q for your comment. pl visit my website www.writeearngrow.com for related articles. it is a new baby.

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author avatar vpaulose
24th Oct 2012 (#)

Short and useful. Hope to see more Rajasekar.

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author avatar Sivaramakrishnan A
4th Nov 2014 (#)

Spend less than what we earn will serve us well. We have everything to meet our needs, but not the greed! siva

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