How can one save when their income is leaking out ??
1.Track your every day expenses and find out which is an unnecessary one.Re-route some of your expenses to savings.
2.Save before you spend I mean income equation should be::
INCOME-SAVINGS=EXPENDITURE
3.Set Goals,write down your goals and your strategy for achieving those,set your budget.
4.Save minimum 20% of your income.
couples, take care not to pour out income on unwanted expenses.Gather all important financially related documents and keep them equally accessible to both of you.Ladies take a active roll in money matters.
Bachelors pre-marraige is the correct time to start saving.Keep aside your parties and phone bills and save for a secure future.
Spend and enjoy but know where your every penny goes...
learning a lot from your blog.
ReplyDeletevery fine learning especially u r equation one should follow. please write these type of posts which are are helpful to us since it is a right time.
ReplyDelete@Ramya:thanks,really women should take active portion in money matters,thinking to come up with one such post..
ReplyDelete@Anonymous:thanks for dropping in , sure will come out with such posts with all your support