make savings regular habit

in cricket consistency of making runs in each innings is more important than making a ton or none .This applies to all of us in the sense we must make it a habit to save regularly out of the income streams by which we regularly get money like salary/business income /windfall income/pocket money received by students etc...Never ever think that we shall save on getting a hefty money packet

save big money if any received to create financial/economic security

occasions do come in life when a man or woman receives a certain amount of unexpected big money like arrears of salary,promotion hikes,recovery of past debts etc...On such occasions it makes sense to create financial/ecocomic security by keeping such money in fixed deposits or post office monthly income or open a recurring deposit in bank or post office etc.The bank deposits if made can be made either for monthly interest or for interst on maturity

tips to save

instead of peacemeal purchases of provisions and daily needs of food,kirana etc...,bulk buying or single purchases in month beginning will save considerable money in the form of savings in fuel,time and discounts associated with bulk purchases and also power to negotiate for price reduction

WHAT TO SAVE AND HOW

WHENEVER THERE IS A WIND FALL INCOME OR BONUS,AND IF YOU HAVE NO EXP.PL. TRY TO PUT IT IN POST OFFICE MONTHLY INCOME WHICH OFFERS 8% INTEREST P.A PLUS A 5 % BONUS ON MATURITY OF 6 YEARS.THIS TYPE OF MONTHLY INTEREST WILL SLOWLY ADD UP TO GIVE YOU YOUR MONTHLY EXP. BUDGET.

middle class money needs in india

indian middle class has many money needs like house hold expenses,children education,festivals,ceremonies,savings for retirement etc...
in this blog,i wish to state about the ways and means to attemt to save for the future .such savings need not be only for post retirement .even one can enjoy a second income or supplemental income along with the main income earned by an individual.