Develop the Saving Habit...!!!

Savings...!!! As soon as you hear the word "Savings" you start thinking about how

to save, how much to save, and lot of more questions. Let’s today have a look on this. 

Whenever it comes to savings, people generally have the big excuse that their expenses are so much that they are unable to save any amount of their income. So first major step in new age is to spare the money to be saved first and then to adjust the monthly expenses out of the remaining amount. 

Second common excuse among people is that they are not rich enough to do savings. To be very honest, it’s not necessary to be a rich person to do savings. Whatever you might be earning low or high, it doesn’t make difference, it’s possible to save some amount of your income. Which then you can utilize for various purpose in life or keep it in various schemes & earn returns. 

Okay, so you now decided to do save some amount of your income. But then comes next question to anyone's mind is that how much amount one shall save from their income. In general it’s said that one shall save 30% of his net pay. To be more precise one shall save 30% of his income. This could be good amount of money that can help you to develop savings habit. 

Further then the question comes, where to invest this 30% of Income i.e. savings. There are 4 best options where you can invest this savings. A part of 30% you shall invest in RD (Recurring Deposits) which are available in all banks. Another part of Savings you can invest in SIPs (Mutual Funds). Another part of income you can invest in gold. And remaining part of income you shall invest in stocks which in long term will give fair returns.