Saving starts with small initiatives. The earlier we start, the better and stronger our savings portfolio will look. However, sometimes the hardest thing is to get started. A lot of times, we end up pushing our saving plans to the back seat.
Here are 7 simple habits that will definitely help you take your first steps towards a financially fit life
MAKE IT SPECIFIC: Set up specific savings accounts for every goal
MAKE IT AUTOMATIC: Set up an auto-debit for your monthly savings to be directly debited from your paycheck
MAKE IT SMART: Apply the 50-30-20 rule. Categorise money into ‘Needs, Wants & Savings buckets’
MAKE A BUFFER BRACKET: Set aside money for them emergencies and rainy days
MAKE IT A JAM JAR APPROACH: Divide your money into separate pots for different expenses
MAKE IT SHOW: Journal expenses to plan better and avoid non-essential expenses in the future
MAKE A NO INTEREST RULE: Become a minimalist when it comes to credit cards
So, let’s take small steps to plan for a secure & happy future!!
My mentor Raksha Chettri has been my pillar of strength from day one. It is her constant guidance and encouraging words that have helped me become a lifelong learner. A big thanks to her and BYJU'S - The Learning App.
BYJU'S app has helped me understand Maths and Science in a fun way. Now, I study from the app, understand concepts, and then go through my textbooks.
BYJU'S is the bridge that connects my imagination to my reality. The engaging study videos with real-life examples help me understand concepts not only from an exam point of view but as a lesson for life.