How to save money fast | 9 simple ways to save money faster

How to save Money |  9 simple ways to save money | It's all about money | about amazing facts 

1.It's all about Saving

It's all about savings 

Prioritising savings is an essential step to ensure financial security. However, most of us do not save as much as we would want to while some of us do not have the required surplus. At times people choose to meet their needs at hand and put off savings for the future. However,

spending sensibly and saving regularly

is a good way to keep your finances

safe.Here are some simple tricks that will help improve your savings rate and build up a secure financial status.

2.Manage your increased income

Managed your increased income 

An annual increment or a bonus might sound like a lucrative reason to spend the extra amount on luxury but, investing a major portion of the raise is a more sensible option to ensure financial security. Investments like SIP in a mutual fund or a recurring bank deposit wherein the amount gets deducted from a person's bank account automatically at the beginning of the month are good options.

3.Keep your savings in a separate bank
account

Keep separate accounts 

Keep separate accounts, one that will
manage your investments and savings
and one for your daily expenditures. Do
not use the debit card of the account
wherein you are depositing your savings.
This way all your savings will be secured at one place and you will be able to manage your money better.

4.Match your expenses with investments

Expenses with investments

Every time you spend on a luxury item,
keep aside the same amount in your
savings. It will also help to monitor your expenses since your liquidity reduces every time you spend. This might finally discourage you from splurging and help your savings to grow.

05.Save your EMIS

Save your EMI

When your EMIS are about to end, plan

where you would want to invest this

amount to effectively channelise your

surplus into savings. This way your

monthly outflow of money will remain

the same but your savings will get a

boost.

6.Opt for long-term saving instruments

Long term investment

Locking your money in long-term

investment schemes like Public

Provident Fund (PPF), National Pension

Scheme (NPS) or insurance policies

which does not allow early withdrawals

is a good way to remain invested and

manage your savings for a long time.

07.Involve a friend or relative with you

Involving 

Involving a person, be it a close friend

or relative, can help you to keep up with your saving decisions. Both of you can compete with each other to see who

saves the maximum. Alternatively, they

can act as your motivator and keep tabs

on your spending and saving.

08.Take some time to think

Take some time to think

Before making a decision to purchase

something, take some time off and

think about whether or not it is essential for you. Weigh the importance of the purchase with the price to be paid for it and chalk out the pros and cons.

09.Keep your future in mind

Keep your future in mind

You don't really think about saving for

your retirement from a young age but it

actually helps you to realise how deviant

are you from your goals and how much

you need to save to make them happen.

THIS IS SIMPLE AND EASY AND FAST TIPS AND TRICKS TO SAVE MONEY 💰