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Golden Rule to Save Money
Manage episode 324306643 series 3119429
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Friends it's very important to save money.
But many of us come up with an excuse that we have so many expenses and very less income so that's the reason we can't save money
The problem to this solution is that we have to save before we spend.
This means that as soon as you get your payment, your salary or your income you should immediately take out 10% or the desired percentage aside.
Treat this as your savings and and use the rest for your monthly expenses.
Once you start with this habit then you will start saving 10% of your income and you will start meeting your expenses with the remaining 90%
If 10% is tough for you to save, then you can start with baby steps of 3% or 5% and increase gradually.
But the main point here is is that we have to start saving with a fixed percentage every month.
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