Best Money Saving Tips

How to save/make money?

(1) Cashback:

• Cashback by using a correct coupon or payment methods on different online sites for expenses like bill payments recharges, bookings, etc.
• Cashback on cash load on an online wallet. Like amazon pay balance or Paytm wallet Add money. when there is an offer to add money like 1-10% cashback.

(2) Credit Cards Points: 

• Use a credit card wisely and pay the bill on time. Credit card points will give you income/gift
• Pay credit card bill 2-3 days before the last payment day.

(3) Sell old and unused things online:

•  Sell unused things on OLX.
• Buy things which you really need. Rent instead if you need it for 1 or 2 times and renting is cheaper.

(4) Saving on shopping:

• Shop by a list. It will avoid unnecessary shopping.
• Avoid impulsive buying. Try to add things to the wish-list and then watch for a better price for a few days.
• Shop online and get discounts. 

(5) Don't keep more amount in the bank: 

Interest on the amount in a bank account. Keep the minimum amount in the bank because it gives only 3.5-4% interest.

(6) Dividend Income:

• Shares dividends: You can invest in stocks that give regular dividends.
• Mutual Fund dividends. Never by mutual funds with dividend option instead, invest in growth.

TIPS:

1. Keep a journal of your income and expenses. You can use the Expense Manager App.

2. Keep reminder/Alert of your known future expenses like life insurance premium, car servicing, electricity bill payment.

3. Avoid buying things on EMI.

4. Try to do your daily work like ironing clothes, cooking by yourself.

Please let me know your saving tip in the comment box.
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