2024-03-23 21:21:10
New Delhi: Inflation is increasing rapidly in the country. The common man is troubled by rising inflation. Income is decreasing and expenses are increasing. But in this era of inflation, if correct investment methods are adopted then you can accumulate a good bank balance. You can become a millionaire through compounding your savings. You can increase your savings in this inflation situation by adopting a special formula. People think that to become a crorepati, more investment is required. But this is not true. If you want to save well and increase your bank balance, then the formula of 15-30-20 can be very useful for you. This formula divides your income into three parts.Stock Market: Why does the stock market fall every year in the month of March? You will be stunned to see the figures of last years
Start saving like this
If you work then you can apply this formula. If you are a businessman then you can distribute your entire month’s income with the help of this formula. This rule is an effective way to save money. It makes you financially strong (Crorepati). You can become rich soon by investing this savings in the right place.
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Know what is the formula of 15-30-20
There are many people in the world whose income is quite good. These people earn lakhs of rupees per month. But even after this their bank balance remains empty. He is unable to save. Their expenses exceed their earnings. In such a situation, this formula of 15-30-20 is very useful. It includes three things: need, want and savings. This rule divides your income into three parts.
According to this rule, 50 percent of your income will be for needs like rent, groceries and transport. You spend it on these only. Keep thirty percent for needs like eating out, entertainment and shopping. After this, 20 percent of your income should be invested for future financial goals.