Money is the most disloyal companion. It leaves you alone if you don't flatter and pamper it by keeping few pennies at sides. A penny saved is actually a penny earned but most of the time it's difficult to get started the plans to save money. It may be your lifestyle, friends, relatives, desires and many more things that drags you away from your saving plans. Some wise man said that poverty is a habit and a mindset not a fate. You get his point? People remain poor because they don't try to come out of the well. Saving is one of the support which pulls you up from your present financial status for sure. By saving you can jump up from your present class to higher one. People save money to build their house, to buy a car, to send their children in reputed educational institutes or for the marriage expenses of their brood. Here we'll discuss 10 killings ways to save money and by choosing any one according to your circumstances will relieve your tension for a "saving money for rainy day"(putting away money for future).
1. STICK TO NECESSITIES
Tuition fee, grocery bills and household bills are necessities and unfortunately you can't avoid these expenditures at any cost, but you can avoid luxuries. If you really have set your goal to save money for future then stick to necessities for some time. Say goodbye to your maid and newspaper hawker, restrict frequent dining out and shopping visits. Save your money by stitching your dresses on your own. Do plucking, threading and facial at home to save time and money.
2. AVOID BRAND SALES TRAPS
Have you ever think, how smartly brands snatches your money with your own consent and increasing their outlets at every corner? It's very difficult for anyone to avoid sales when friends tell their 'wisdom' stories of shopping at sales. Control your heartbeat and don't cut down your budget for unnecessary brand shopping at every sale.
3. Committee
It is wiser to indulge in a proper system of saving money to get more out of your saved pennies. Committee is one of the options. A group of trusted friends take out a fixed amount of money every month and collect it in one place. Then turn by turn all individuals of the group take the collected money every month. This is called pool a committee.
Saving money through committee is popular and very effective in Asian countries. A trusted group in the family or in neighbors can help you to save your small amount to a reasonable big bundle of money by pooling a committee.
4. A SEPARATE BANK ACCOUNT
Open your bank account no matter you're working individual or a stay at home mother. Put your savings there and stay stick not to take out money from that account unnecessarily.
5. GOLD JEWELRY
Mostly housewives and unmarried girls find it easier to convert their savings in the form of gold jewelry. It is a good choice but not the best. There is always a threat of stealing. Prices of gold also vary with time. Sometimes you get less amount than you expect it from your jewelry but again to save some in any form is better than nothing.
5. BUY AN INSURANCE POLICY
It's the best gift you can manage for your kids at the gate of their practical life. Even a small amount of policy will help you out for the university fees and at the wedding of your kids.
7. INVEST YOUR SAVINGS
Buy any used vehicle with small amount of saving and then replace it with a newer one after some time. It'll save and increase your fixed capital with time. keep on searching reliable, new and reasonable societies in the city and grab one for you on installments. Remember to cut off your heart today for the things worth in thousands can lead you to the things worth in millions.
8. DON'T SHOP FROM STREET SELLERS AND AVOID ONLINE SHOPPING
Never ever stop at or shop from street hawkers. Apparently, it looks convenient to shop at the door, but mostly they sell you cheap products at a high cost. Similarly cheap online shopping trap you to sell their substandard products very smartly.
9. TURN OFF TV AND LEAVE THE COUCH
Keep on thinking about the ways to multiply your earning through planning and hard work.
Don't waste your energies by sitting and planning for saving. Look for any online courses and increase your skills with time. Women can do vocational courses such as flower making, fashion designing, etc and start teaching. Keep on improving your skills will not only double your income but increase your savings.
10. Give ALMS AND SADQAAT REGULARLY
Don't ever forget while earning and saving the money that all your energies and income are beholden from Allah. Helping poor and needy is mandatory to please Allah. It will definitely save your income and will beatitude.
Hoping you are instantly picking one or more of the above plans to enjoy the secure future for you and for your family.
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