Drop by drop water can make a pool. Likewise several little everyday expenses may lead to lose a handsome amount of money. It is fact that we earn to meet up expenses of our life. Expenses relating food, rent, mandatory bills, health care or education are justified & a small amount of money also may be put aside for recreation.
We should grow the habit of savings & increase the same by the time when earnings hike. Today's world is highly market-oriented. The youth is too much attached or lured by the advertisement, the advertisers play a nice trick upon their viewer; they show their adds in such a way which creates a strong conviction to the targeted mass that without those products no life is possible, & they run to buy them.
Apparently buying those items is very important task, but in reality it cuts a big hole in the pocket. So we should avoid the trap of the advertisement . We should save first, do mandatory expenses secondly & lastly do expense on our hobby or recreation. An unnecessary spending of a tiny amount is nothing but throwing money into the sea.
To counter a future financial urgency may be easy if we spend our money today wisely, we would not need to borrrow money in high interest rate & worry for the rest of life. A monthly basis systemetic investment plan in mutual funds or in good stocks will be the best measure in this respect. Only Rs.500/- per month investment in mutual fund for next 20 years can gather Rs. 7-8 lakhs to fulfil your dreams.
So, friends follow the trick & make your future happier.😊
0 Comments