raaman
Valued Contributor
Budgeting money is very important. That too, if you want to start saving some money for a new house or your children's education or something big like that. Here are some tips on how to start saving in right earnest.
Make a total of all your monthly fixed bills like school fees, phone bills, light bills, repayment of vehicle loans, payment of insurance premiums etc. In that, you should never include things like going to cinema, eating out, grocery shopping etc.
Note down the income you receive each month as salary or pension. Try to use the income received wisely in an appropriate manner. Reduce the amount of fixed monthly expenditure from your income. This will be your real usable income.
Make a total of all your monthly fixed bills like school fees, phone bills, light bills, repayment of vehicle loans, payment of insurance premiums etc. In that, you should never include things like going to cinema, eating out, grocery shopping etc.
Note down the income you receive each month as salary or pension. Try to use the income received wisely in an appropriate manner. Reduce the amount of fixed monthly expenditure from your income. This will be your real usable income.