why we do not save money :
We buy some unnecessary things which cut off your savings. If you want to save your money so don't waste on these unusual things. First of all we should try to keep assest in mind. Then we should try to earn money and then spent these money on liability.
Things we should never waste money :
- Credit Card
If you are carrying a credit card, then you should pay high interest.
Most of the people do this major mistake.
MISTAKE WE SHOULD AVOID BEFORE PURCHASING A CREDIT CARD
Search for a credit card which have a low rate of interest. It will cut off you debt and you will able to save your high amount of wasting money. So be curios and let thing about these credit card mistake. Low rate of interest can save your money on monthly payment.
- Paying EMI or Bank loan
We should never waste money on EMI because if we are not able to buy something but mostly people buy this things on monthly interest. It is a bad mistake we ever did. Let me explain with a example.
Imagine if you are earning 30k INR and you purchase a car at EMI of 8kINR per month and suddenly you are seriously injured in accident. Then who will pay your hospital charges and your EMI. Think about it.
- Savings Account
Most of people deposit there money in savings account. Don't kept your money in saving accounts rather for higher returns you should go for Fixed deposit or mutual funds.
- Expensive Vehicle
If you want to save your money then don't. Do this mistake by purchasing expensive vehicle. Most of the people by car to just. Showoff in the society but you should avoid this mistake. If you are able to purchase a luxury then you should avoid this and invest in Real estate. It will give you savings.
First you should avoid these mistakes because most of the people waste money on this point.
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