Way Of Saving Money From Young Age!

Savings is the most important things in our lives, not just for parents but for everyone even students. when we are in a critical situation where we need financial support that time savings are the best option otherwise, the second the option is to borrow money from someone else, which is not a good idea.

For students, it becomes difficult to buy something in college/school life because it is expensive and that time our parents don't permit us to buy that particular thing and even we don't have our savings. so it's very important to save money for your want or for any other purpose. These savings will really help you in future. For example, if you wants to buy a vehicle after completing your college or want to startup so it better to start saving from today as you are in the college you will not be able to save enough money for your aim because you are totally dependent on your parents. But don't forget that "little drops make the ocean."

Just start saving little money, this is totally clear that you will not be able to buy a vehicle just by saving money in 3-4 years of college. You will require more money but you can do basic requirements by your savings.

Now let's see how to start saving from college days-

You will get an idea about how to save money. Even though you are dependent on your parents for money.

First, look at your daily expenses it includes -

• travel charges(home to college)

• daily food or any junk that you eat

• extra expenses

suppose these two thing charges 100 rs per day(it may be any amount as per you). So classify the things into significant and insignificant, so here traveling is important that can't be ignored. But eating out every day can be skipped unless and until it is necessary. If you skip eating a day out, put that money in your savings. That's not too difficult, just skip to spend money on unnecessary things and remember your goal for what you are saving that money. Follow the savings chart given below.....

Here are few steps

1. Decide the amount of money you want to save per week and then calculate the total amount of a month, as per the above chart it is 40 rs per week and 160 rs per month(do it according to your budget).

2. Start saving or putting money in your savings per week without any fail. (until you have money emergency and need money)

3. Target a year , till when you want to continue savings. This will keep you motivated to save money, if you have a proper goal or planning.