So In This Article I Will Share 13 Hacks Which Will Help To Save Your Money Smartly & 1 Bonus Hack At End The Of This Article. It Will Just Take Your 5 Minutes To Read This And You Will Be Able To Save Your Money.
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| 13 Hacks To Save Your Money |
Note :- These Hacks Have Personally Helped Me Also To Save My Money. So I Am Sharing These With You All.
So Let’s Start,
1. Automate Your Savings – Research Has Proved That When Money Is In Your Hand Or In Your Bank Account You End Up Spending It. So If You Want To Save Your Money Then Automate Your Savings.You Will Save Your Money To Invest It Further & Make More Money From It. Now You Will Think How To Automate Your Savings. For Example – SIP’s (Systematic Investment Plan) When You Receive Your Salary Open A New Bank Account, And From Older Bank Account That Investment Money Will Be Automatically Debited Every Month, And The Salary Which Is Left With You,Will Use For Your Monthly Expenses.
2. Non Spending Day (Money Fast) – Have You Ever Taken Fast (Varat), Your Parents Did Have Or Might You Have Also. For 1 Day In A Month / Week / 15 Days You Will Spend A Full Day Without Spending Any Single Penny On Any Commodity.vNow, You Will Say Why Should I Do This So Firstly, It Will Help You In Becoming Discipline And You Will Realise That By Spending Money Only You Don’t Get Everything. Secondly On That Day You Will Have To Survive But You Don’t Have The Permission To Spend A Single Penny So For That 1 Day You Will Have To Plan In Future, Like On That Day These Will Be My Expenses. So How Will I Manage Them And That Discipline Will Train You How To Treat Your Money.
3. Use UPI’s Instead Of Credit Cards – There Are 3 Reasons Why Should You Use UPI Instead Of Credit Cards. First, Money Which We Have In Our Bank Account In Ours But The Money We Get In Credit Cards Are Not Our Because At The End Of The Month We Will Have Repay It Back To The Credit Card Company. Secondly, At Many Places When Pay From Your Credit Cards There Is A Surcharge Which Deducted It May Be 1% 2% 3% Of Your Spending. Why To Pay That Unnecessary Surcharge When UPI Is Free. Third, Like I Told UPI Is Your Own Money Which You Have Saved In Your Savings Bank Account & Incase You Don’t Have Money in your Bank Account you Not Spend & This Will Make You Discipline About Your Money.
4. Use Credit Card Only When You Have 100% Money – Using credit Is Not Bad Thing. Three Reasons Why Credit Cards Are Good. First, You Use Credit For A Month & At The End You Pay That Money Back To Credit Card Company But You Don’t Have To Pay Interest For That. If Your Credit Card Spend Is Very Much Then You Can Invest That Money In A Debt Mutual Fund & Earn Free Interest For Yourself. Secondly, When You Use Credit Card It Help To Increase Your Credit Rating But For That You Will Have To Pay Credit Card Bills On Time. Third, If You Use Credit Card I Hope You Know That Many Shopping, Food, Payment Apps Give Their Customers Free Discounts, Points & Rewards If Customer Does The Payment From Credit Card.
5. Shopping List – Whenever You Go Out For A Shopping Or Do A online Shopping Please Make Shopping List It Will Make You Discipline & Will Help You From Not Becoming A Person Who Enters The Mall And Starts Buying Whatever You Like Without Thinking And Salesman There Will Also Sell You Extra Products. At The End You Went To Shopping Mall To Buy Suppose 5 Products & You End Up Buying 6 Extra Products And Waste Your Thousands Of Money. So To Avoid This For Both Outdoor Shopping & Online Shopping. Firstly, Make A Shopping List & Stick To It.
6. 30 Day Rule – It’s A Brillant Psychological Hack. Whenever You Want To Buy Something Big, Wait For 30 Days After Days Ask Yourself Do I Really Need That Products Now Also Or Not. It Will Help You In Buying Only Those Product Which You Really Want.
7. Buy On Rent – Don’t Buy Things Which You Use Occasionally, Instead Of That Rent Those Things. It Will End Up Helping You To Save A Lot Of Your Money. In Today’s Era You Can Rent Anything Literally It May Be A Car, House, Bike, Camera, Computer Anything. For Example – Ram Is A Photography Enthusiast, He Goes To Wildlife Sanctuary Or National Park Suppose 5 Times In Year & I Want To Take Very Expensive DSLR Lens Suppose 400mm / 500mm Which Cost Around 5-6 Lakhs. So A Smart Person Should Rent Them Instead Of Buying Which Will Only Cost Thousands Of Money. At End You Save Your Lakhs Of Money.
8. Buy Big Sizes – Whenever You Buy Items Maximum Related To Food Buy In Large Size. Let’s Understand, Suppose When You Buy A Single Packet Of Noodles (Maggie) In India It Costs Around 10-12 Rs Your Per Unit Cost Is High But When You Buy Big Packet Of Maggie You Save Money As It’s Per Unit Cost Is Less. But Before Buying In Large Sizes Keep In Mind First, “Space” Where You Will Keep It & Second, Expiry Date Of The Commodity.
9. Incognito Mode – Do Online Shopping In Incognito Mode Of Your Browser. If You Do Your Online Shopping In Normal Mode Then Cookies Are Inserted In Your Browser, Later These Cookies Track You More You Search A Products More It’s Price Increases. It Is True For Flights, Clothes, Gadgets. So Try Shopping In Incognito Mode, By This That Shopping Site Will Not Able To Track You & Will Sell You Products At Least Price It Sells To It’s New Users. Because They Want This New User Return Back To Them Future. But This Is Not Possible In Apps. You Can Only Do It For Desktops Only.
10. Repay Your Loans ASAP – Now Many People Say Education Loan, Home Loan Are Of 6 % - 7 % Only Why Should I Repay Instead Of That I Will Invest That Money & Earn 12% - 15% All Of That May Be True But You Are Comparing Whole Tenure Of Laon & Your Rate Of Return In That Tenure But I Am Asking You To consider something different In The Starting Loan Money Goes More Towards To Pay Loan Interest And Less Towards The Loan You Have Taken From Others For Which You Actually Took Loan. So Try Repaying Your Loan ASAP. You Will Actually Be Able To Pay Your Loan Faster. It Will Help You To Save Your Principal Interest.
11. Buy Life Insurance ASAP – Want To Buy Life Insurance, It’s Very Important But Buy It As Soon As Possible When You Are In Your 20s Your Health Is Good, Your Hospitalization & Death Probabilities Are Less And Because Of All This You Get Life Insurance At Less Price. More You Get Older Your Life Insurance Premium Increases For The Same Insurance. Why Wouldn’t You Save Money On Something Which Is So Fundamental.
12. Budget – Make Budget For Money, It’s Very Important To Make Budget In Today’s Era. Most Of The People Spend Their Money And Don’t Realise Where They Spended How Much Money & For Which Purpose. Budgeting Has Many Principles Like How Can Your Budget Should Be In Your 20s, 30s, 40s & So On. For Example Your 50% Of Income Should Be For Monthly Expenses Like Rent, Electricity, Water, Telephone Bills Etc. 30% Should Be For Your Dreams Like Vacation, New Gadgets, Car & Anything Which You Want. Left 20% Will Be Invested For Your Future. In This Manner You Can Manage Your Money & Achieve Your Goals. If You Want A Secure Future It Can Only Be Done Through Budgeting.
13. Deal & Discount Sites – Use Deals & Discounts Sites As Much As You Can, Don’t Feel Shy In Using Them, Many Customers Save Their Lot Of Money By Using These. You Can Avail Discounts, Deals, Rewards On Every Shopping Sites May It Be Flipkart, Amazon, Ajio, Paytm, Myntra Etc. More You Respect Your Money & Realise It’s Importance, More It Will Give Respect Back To You.
14. Multiple Ways Of Earnings – Don’t Fully Focus On Saving Money, Because At The End You Have Your Monthly Expenses Like Rent, Electricity, Water, Clothes, Telephone, Grocery Bills. These Expenses You Can’t Reduce You Need Minimum Food To Survive, House To Live, Where Clothes To Go Out. So Everyone Of Us Has A Monthly Expense We Can’t Overcome That. But There One Thing You Can Increase, That’s Your Income. Yes You Can Increase You Ways Of Earning. Which You Help You In Getting Financial Freedom. More Money You Have More Freely You Live. So Don’t Focus On Saving Money, Focus On Creating Multiple Ways Of Earning.
Wareen Buffet Once Said – Do Not Save What’s Left Spending, Spend What’s left After Saving.
Conclusion :- So Readers At The End Of This Article I Hope My “13 Hacks To Save Your Money” Will Help You In Future. Share This Article With Your Loved Ones So That They Can Also Save Their Money And Spend It Wisely.
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