Tips to Save Money Effectively

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Best Saving Plans
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Tips to Save Money Effectively
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• Why Should You Save Money?
• Although people always seem to be in need of
  money, saving money as an option however seems to
  be a far away solution to the need of liquid
  cash, and of course saving seems t be considered
  as a luxury and meant for people who have money
  more than they could spend.
• Well, this is not so. Saving is very important
  not only because it gives you safety of future
  cash in hand but also gives you an assurance of a
  happy future too.
• Reasons for Saving
• Many of my friends keep asking me to one good
  reason when I ask them to save money well, here
  are two good reasons.
• Feel Good Factor
• I do not want to go to any negative factors such
  as what would happen if you lose your job
  suddenly or what if you were to incur a sudden
  high amount as hospital chargers, and hence here
  is the feel good factor.
• You are sure to feel very happy when suddenly
  your fixed deposit matures or you seem to have
  more money that you had expected. This not only
  acts as a mood booster but also gives you the
  freedom to spend on things that you usually would
  not be spending on such as a lavish holiday of a
  dinner in an expensive restaurant.

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A habit to Last Best Saving Plans is one habit
that is going to stick to you once you cultivate
it. All you have to do is follow these simple
tips and just sit back to enjoy the fruits. Tips
to save Money Make a Budget This is the first
and the most important step to any saving money
plan. Take some time from your busy hours and sit
down to make a budget that is both feasible as
well as practical. I usually do it as the
monthly provisions, childrens fees, medical
expenses, personal care products, clothing, guest
expenses and some extra for sudden
requirements. This would cover almost
everything, set this amount apart. Now the
remaining amount of your income has to be
carefully planned and saved.
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Plan Before You Enter Super Market Make a list of
things you are going to buy before entering
supermarket. In fact I would advise you not to
buy your monthly provisions from a super market.
You would end up buying so many extra provisions
which might not be of any immediate use to you.
Always buy what you need and not the
opposite. Buy and Store There are certain
agricultural products such as pulses that are
available at cheaper rates during their harvest
periods. These can be bought in bulk and if
stored carefully can be used for the whole year.
During the harvest season they would cost almost
half their regular price. this would be a huge
savings in the long run. Save Money as Fixed
Deposit This is one simple but very useful form
of saving.  A fixed deposit of even a meager
amount works wonders. If you use your internet
banking facilities you can give a standing
instruction and begin your fixed deposit easily.
You would not even know about the money that is
being deposited every month. I usually have two
different FD accounts, one for yearly trip and
another to spend on my husbands birthday. So I
time them exactly to match to the month I want
the cash. Source http//simpleindianmom.com/tip
s-to-save-money-effectively/
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