What are 8 ways to save money? Money Management Tips 2024

Today I will share with you What are 8 ways to save money? I will share with you 8 such hacks through What are 8 ways to save money?. I have used these hacks in my life and they will be useful in your life too. Money Management Tips

1.Automate Your Savings

Research has proved that whenever you have money in your bank account, in your hand, you spend it. So if you want to save money, invest it. Automate, Examples, you do SIP. As soon as your full salary comes, open another bank account and do an auto debit there so that your investment amount is withdrawn from your main bank account. Whatever is left, you will spend your entire month in it. Because if you rally on motivation, you probably won’t be able to save money. Why save? To invest.

2.Non Spending Day

Keep a fast. Mom and dad must be keeping it. You might have also kept it. Keep a money fast for one day in a month. Every 15 days a week. You world dry and non spending day. On that day you will not spend anything anywhere. Staff wide work is a discipline. You have to understand that everything in life is not achieved just by spending money.

To you will have to live life on that day, right? So expenses will have to be incurred somewhere. So virtual happiness. If you do not have permission to spend money because you are on a fast, you will have to plan. You have to think in advance that on this day I am going to spend on this point, so how will I manage it? One Discipline Weight Training, How to Treat Money with Respect

3.UPI instead of credit cards

Instead of a credit card, this money is yours, number one from three regions. The money a credit card gives you is not yours. If it is a loan, we feel that the money is ours, but we have to repay it ultimately. That Ain’t Smart Better Duet. Second, many places charge a surcharge whenever you use a credit card. One percent, two percent, even three percent. Sometimes there is a money when duty free from UPI app. Number three, as I said, UPI is your own money. It comes out of your bank account so if you don’t have money you won’t spend.

4.use credit card

Use credit card but only when you have hundred percent money. Using the train is actually not a bad thing.

Actually faction of Three Regions Spike

1. Whenever you use a credit card, you repay that amount after 30-45 days. Then someone is giving you an interest free loan of one month. If your credit card suspension is too high, now you can earn some interest by investing the same amount in a debt mutual fund. It won’t be much, but if it’s free money then brother, not.
2. Whenever you use credit card, your credit rating improves. On your payment, you will always make full payment every month and this will increase your credit score.
3. For using every credit card, you get some free reward points somewhere. Y Not Continue. Spending Watch India Spend. And instead of that, some more rewards and on top of that, some more rewards and points. Wonderful. Being smart means assessing whenever you go to buy something. Made a shopping list. Even if you are buying online, a shopping list doesn’t keep you disciplined, you don’t want to be like that. They will enter a mall and then say, hey, take this too, take this too, take this too, take this too. Then the mall people will also play with your psychology. He will try to sell four more things at the counter. These

Buy that chocolate, buy that Maggi, buy that chewing gum. On top of the money you had come to buy, you have bought five more things and have spent thousands of rupees more. Give it online in smart weight. Whenever you sit down to buy something, be it on Amazon, Flipkart, Myntra, anywhere. You have to stick to what you want. Only he comes out buying. Don’t miss you star money

5.30-Day Rule

He has a very brilliant psychological heart and thirty day rule. Whenever you go to buy any big thing, don’t buy it. Wait for 30 days and after 30 days ask yourself if that thing is still important to me. Most lightly answer no advantage you actually resist that if there is a sale then buy things and style. You will buy only those things which you really need.

6.Prefer importance over buying

If you use something occasionally, don’t buy it, take it on rent. Nowadays everything is available on rent. Expensive clothes are available on rent, gadgets are available on rent, vehicles are available on rent. So if you are not a frequent user please take it on rent. You will save a lot of money and I am very fond of photography, so whenever I go to a wildlife sanctuary or a national park. Para one wants to take rally expensive two 400 500 ml six focus lenses with those five ₹6 lakhs and I would hardly go five or six days in a year. Why should I pay full price for such parks? I can get that lens for an amount of few thousands. Android Smart use of my money and plastic when using the product I want.

7.Buy Larger Size Of Everything

Buy larger sizes. It is not that you should bring the medium. Whatever consumption items you buy, buy bigger sizes. Because the unit cost of small size is not expensive. So if you take one Maggi or a pack of four Maggi. There is a difference. If you take a can of small tea and a can of large tea or take a bag. Fear. That’s why if you have space in your house, please buy bigger size items. Keeping the expiry date in mind because then you will save on the cost of the unit. It is very interesting.

If you buy anything online, please buy incognito or in safe mode. Why? Now I cannot prove this. But I’ve seen it too many times. If you ever purchase something online, cookies are inserted into your browser. Then if she forgets you then those cookies track you. If you search the same thing again and again, you will see that its price will gradually keep increasing.

True for sites, true for clothes. True for gadgets, never buy anything online. Buy in incognito mode so that website doesn’t know anything about you. The price that they will give to a new user against Google. Which Vodafone is not spice because they want that new user to convert and buy something from that website. This is not possible on apps, so if you buy on desktop or laptop instead of phone, you will be able to save money.

8.Repay Loans As Soon As Possible

Repay your loans as soon as possible. Now many people say that education loan and home loan are six percent, why should they pay only eight percent? Because if we invest the same money in the market, we can earn 10, 12, 15 percent and that is also true. but what are you doing? You are comparing the tenure of the entire loan and how much will your rate of return increase in that tenure? Something different. Initially, the loan amount goes towards interest and less goes towards repaying the loan taken by you. So if you try to repay your loan in the beginning itself. You Will Actually Be Able to Pay Loan Faster. So try to repay your loan as soon as possible, because if you repay early, you will be able to save interest.

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