To have a better future you need to save and invest well. One cannot predict about life’s next unpredictable moves. So to be smart person you have to now be a smart saver.
1.ERADICATE THE WORD DEBT:-If you’re trying to save money through budgeting but still carrying a large debt burden, start with the debt. Not convinced? Add up how much you spend servicing your debt each month, and you’ll quickly see. Once you’re free from paying interest on your debt, that money can easily be put into savings. A personal line of credit is just one option for consolidating debt so you can better pay it off.
2.GOAL FOR SAVE MONEY:-Visualize for what you are saving for,this will help you to stay motivated and spend less on worthless products. Want to buy a house in three years with a 20 percent down payment? Now you have a target and know what you will need to save each month to achieve your goal.
3.START A RD OR SIP:-This kind of monthly auto debit can save you from financial crisis.One must not feel scared to start a long term plan with the lowest amount possible to feel more secured and insured.