It is an important way to save the money which we have already. But it is difficult to increase the percent of money without effort.
Welcome to our website. Now in this website we will be discussing about the main features to increase the saved money without much investment.
Tip No.1
Pay Yourself First
The first and the foremost basic way to save the money is to save through your monthly income.
For example, if a person has his monthly income as 50,000 then in this amount he should save minimum 20,000, i.e, 20% of his/her salary. The rest 30,000 should include his/her taxes,other basic expenses etc.
It is the most basic ways to save money. It is useless if you cannot save 20% of your money .
Tip No.2
Save Money In RD, FD or Government Banks
If you save your 20% of your money in FD, RD or Government Banks, it will make you get some interest and you will also get more to more benefits.
Tip No.3
Investing
Investing is one of the most important thing which we have to do to gain more and more money. It acts as a passive income.
It would be better if you start your investing within a small amount. There may be a loss during investing , but we should not become dull but we should just fell it like a tution fee.
Its also important to gain the knowledge of investing through youtube channel or any other websites.
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