money saving tips, Can’t save money at all? So do this first! – struggling to save money then do follow these steps to successfully kickstart your saving journey

Every person has a desire to save at least some of their income. But there are many people who have emptied their entire income and are left with nothing in their savings. On the other hand, some people save and invest efficiently and make a living.

Why is it that most people are unable to save even a little of the money they earn? The main reason for this is lack of planning. Willingness to save money; But they won’t.

How can such people start saving money properly?

Budget

The first step to start saving money is budgeting. Because you cannot save money without knowing how much money is coming in and how much is being spent. So first you have to make a budget.

Savings first

Most people spend money throughout the month and then save what’s left at the end. Many people don’t do this either; Because they empty all the money. So, save money first and spend the rest.

A little effort

The first thing people who can’t save money should do is start small. It is difficult if you want to save a huge amount the first time. So, start small and gradually increase the savings.

Those who want to save 5000 rupees should start with saving 500 rupees. Those who cannot do that should start with at least 100 rupees. Gradually increase the savings every month.

Investment

Keeping money in cash will cost you. And every year the value of money decreases due to inflation. So, if we invest the money, we will not spend and the money will grow. You can invest in gold, stocks etc.