Hello Readers!

Saving money should be a regular habit, it is a mandatory part of everyone's financial plan. Whether you live from paycheque to paycheque or live life king-size, saving money is a necessary element of everyone's financial checklist.

Here I am discussing some money-saving hacks that will help you save your money on a regular basis.

Either Go Carpool or Use Domestic Transport Often

With increasing fuel prices, daily commute has become a problem for most people and the problem further extends due to poor mileage giving vehicles. Here for you, carpooling or using public transport can prove a beneficial way of saving money. It cuts down on conveyance costs to a great extent.

You can also use cabs that offer good discounts, sometimes these cabs can work out to be cheaper than auto rickshaws.

Do Research Offline but Shop Online

If you are a shopaholic, then for your online shopping is a great way to save money. From booking movie tickets to purchasing grocery, you get great deals online for just about everything. You have an option you can go researching about different products in a retail store or offline store, and then compare it with online prices. You can easily look that many of the online products are cheap; they will help you save money.

Well, not every online product is cheaper. While doing your research offline, make it a point to note the price of products and compare them to online prices.

Buy and Sell Used Goods

They are some products like furniture, books, electronics, or appliances that work on reuse and recycle basis. You can save your money by buying and selling used items of these categories. There are many online websites that allow you to sell and buy used goods online.

So basically, next time when you shift yourself to a new place that is smaller than the previous one, don’t throw your futon, instead, sell it online. In case you are finding a temporary replacement for your broken item like a laptop then buy a second-hand model and save big.

A Penny Saved Is A Penny Earned

Earning is necessary to fill our needs, but saving is equally important. Spending is necessary but only on those things that matter the most. Earning more will be worth only if you know how to control your spending. Whether it means turning off your car while waiting at the signal or adding loose change to a piggy bank, every penny that you save will add up to the money you have earned.

Now as saving is necessary, similarly investing for your goals, is a necessity for a relaxed life. For investment goals above 5 years, invest in equity-linked instruments and for a shorter time frame (less than 5 years), choose debt.

For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.

Happy Investing!

(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).