Most people don’t know a lot of basic finances that they need to manage. It is very true that in Indian schools these basic things are never taught, but that’s not your fault you have time now. So in today’s blog, I am going to explain to you how to save your money correctly without facing budget problems.
I always suggest you invest a big amount from your salary but savings are also important to buy some major things.
1. Your age matters :
The best way of saving is to save money according to your age. For example, if you are 18 years old then you have to save 18% of the money you earn.
This benefits you when you reach the age of about 60 or 70 years or we can say that when you can consider yourself old.
2. equal proportions :
This is another way of saving money this is a little complicated because you need to decide and fix a percentage that you can save of your total money without any budget problems.
My advice would be to be a little less strict in your earlier months of practising this technique. the main motive is to find out what all are your needs and how much you can save.
Again this totally depends on you how much you can save.
This was all I have to say, rest on you and hence I and my text here.