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Showing posts from August, 2017

5 most common Savings Hiccups: And how to avoid them

Hiccup No. 1: Let my salary grow
We always wait for our salaries to grow to start saving, but that day seldom comes. We all have commitments, and we as individuals keep our commitments before our savings which obviously is a wrong thing. Even if we start saving we don’t increase our savings not keeping them at par with our increasing salary.
Solution:Later you start, lesser will be your savings growth. You can actually accumulate more wealth if you start saving early. Even if you have less money left after you are done with your expenses, try to save. You can start from as low as Rs. 1000/-. This will not only help you in kick-starting your savings but once you see your savings growing, you will feel like adding more to your regular savings kitty.
Hiccup No. 2: I am earning enough to serve my needs, why should I save
If we are earning a comfortable salary and are able to meet ends, and still there is some amount left at the end of every month, we assume that we will be in this comfort z…