he New Year is approaching fast and it is
that time of the year when our budgets go for a toss. We tend to go on a
spending spree for buying gifts for our near and dear ones without
realizing the state of our bank balance. And if we do not keep a check
on our bank accounts or do some smart budgeting, we might just go into
the New Year with a big smile but an empty bank balance. So how does
one plan his/her budget so that both our smile as well as our bank
balance remains intact going into the New Year? Let us take a look at
how one could save money in a smart way.
We seem to have an unusual affection for the things that we
possess but do not use. Take a look around your house and you would end
up amassing so many things that have been lying around in your house for
ages. Sell it off! This will not only help you make some money but also
clear up space within your house for new things to come in. Eye on
Your Bills
Keep a tab on the bills that you pay at a restaurant, a departmental store, or other businesses as you may end up paying more than what was required. Many business ventures try to squeeze out extra money from you in the form of taxes and/or service charges. So make it a habit to check your bills on a regular basis or you might just end up burning a big hole in your pocket. Do Not Let Your Money Rot
If you have extra money lying in your bank account, apart from your emergency savings, and you are sure about not requiring it for another one year or so, then put it in a Recurring Deposit (RD). And since the interest rates of a RD are higher, you would actually end up getting more money than you would otherwise have by just letting your money rot in your bank account. Use Cash-Back Credit Cards
It is always wiser and advisable to use credit cards which give you cash-back. It is more like getting a discount on every purchase you make through your cash-back credit card. And it is always good to get some free money! Shop on ‘Cheap’ Dates
Most big shot departmental stores give away their stuff at the cheapest rate on any particular day of the week. Visit your nearest departmental store that provides a deal like that and find out the ‘cheapest’ day of the week. Make it as your ‘official’ shopping day for household stuff.
So, you see that it is not about your horoscope or your stars that decide if your money is getting saved or not. Use the sciences of astrology for something different because when it comes to managing your money, you could actually save a fortune on your own!
Keep a tab on the bills that you pay at a restaurant, a departmental store, or other businesses as you may end up paying more than what was required. Many business ventures try to squeeze out extra money from you in the form of taxes and/or service charges. So make it a habit to check your bills on a regular basis or you might just end up burning a big hole in your pocket. Do Not Let Your Money Rot
If you have extra money lying in your bank account, apart from your emergency savings, and you are sure about not requiring it for another one year or so, then put it in a Recurring Deposit (RD). And since the interest rates of a RD are higher, you would actually end up getting more money than you would otherwise have by just letting your money rot in your bank account. Use Cash-Back Credit Cards
It is always wiser and advisable to use credit cards which give you cash-back. It is more like getting a discount on every purchase you make through your cash-back credit card. And it is always good to get some free money! Shop on ‘Cheap’ Dates
Most big shot departmental stores give away their stuff at the cheapest rate on any particular day of the week. Visit your nearest departmental store that provides a deal like that and find out the ‘cheapest’ day of the week. Make it as your ‘official’ shopping day for household stuff.
So, you see that it is not about your horoscope or your stars that decide if your money is getting saved or not. Use the sciences of astrology for something different because when it comes to managing your money, you could actually save a fortune on your own!
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