To save money and avoid extravagance is a skill which is a most required trait of every successful personality. Here we are going to share some of the ways to save money and hopefully they would be helpful to you in your future.
- Emergency fund:
Try to build an emergency. It means that always keep some of your money reserved for any emergency. Keep this money in your bank account instead of home. Fewer income families with $500 saved as emergency fund are financially more financially secure than moderate income families with less money saved.
- Make budget:
Make a budget of your expenses and divide your expenses and income wisely. Try to keep something safe for any emergency. Keep a record of everything you purchased and you need like grocery bills, restaurant bill, personal care, electricity bills and entertainment. So in this way at the end of the month, you will be able to clearly see that where your money is going? and you will be able to calculate your expenses and income ratio.