Importance of Saving money

I always suggests people to save money and have some fixed percent of income for savings. Some of them took my advice, some of them didn't but realized it lately and some of them ignored it and not realized it yet.Those who realized it later asks me for suggestions.

Many people in our country would have realized it in the recent recession. But for those, who still didn't realized it, no one can save them especially when we are in another recession before recovering from the previous recession. There are plenty ways to save money.

Prepare a budget every month. This will help you in analyzing your expenses and avoid unwanted expenses. Budget is an important tool to manage the money for every family. Write down all the upcoming expenses for a month in the budget and work accordingly. Also note down each and every penny you spend throughout the month and then compare it to your budget.

Contribute to your retirement and savings account as much as possible. Also invest some part of your money anywhere you like. Read other posts. You will get some ideas for savings and investments. If you want some tips then contact me in Ask Me section.