Money Savings Rule: According to a rule, even if you are working and have difficulty saving money, you should keep at least 20% of your salary as savings. But nowadays, with rising inflation and changed lifestyles, it becomes very difficult to do so. If you are also troubled by such a problem, then today we are telling you about some of such best methods by which you can definitely save some money even in a low salary. Let us know about these methods so that you can save some of your hard-earned money which will be useful to you later.
Nowadays experts believe that if we keep money in the bank, its value gradually decreases. According to experts, it is very important to invest to secure your future. Because investment is the only method that can increase your deposited amount rapidly and give you profit. According to experts, a person should save 20% of his salary at any cost. But amid rising inflation, it becomes very difficult to do this due to extra expenses.
If you are not able to save 20% of your money, then investing around 10% every month can still give you good returns over time and can also make your money grow. If you keep saving a little money like this and investing it in the right place, then you can make huge money in a short time.
If you are the sole earner at home your salary is between Rs 25 to 30 thousand, and you have the responsibility of running a family of four, then obviously saving 20 percent will not be possible at all. However, saving depends on many factors. The most important thing in this is living space.
If you are living in big cities, where everything from rent to food is expensive, then saving money is not possible at all. But if you are living in a village or town and have your own house, then it will definitely be possible to save some money out of Rs 30 thousand. Family needs also play an important role in saving money.
If someone in your house is ill or has to take medicines every month, then it will be difficult to save within the limited salary. If you have small children, they also have school fees and other expenses, then the percentage of savings may be less. The more earners there are in the household, the more opportunities there are for savings. Therefore, if a person is earning money alone at home then saving is impossible. Whereas if two to three people are earning then a good amount of money can be saved by working together in harmony.
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