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First question that might strike you all is “Is money really important? Is it everything that you need?”. We all have heard the famous saying “Money doesn’t buy happiness”. Is it completely correct? I believe that money is not everything, but it is very important like other factors in our life.
We need money for basic expenses (shelter, clothes and food) to extreme ones (partying, clubbing or some emergency expenses). “ Importance of money is like importance of water”. We cannot survive without both for long time. Many problems can be solved if we have money. We all have heard that some people can’t pursue their education just because lack of money and many other similar cases. So yes, money is very important to lead a happy and healthy life.
Now that we know money is important, next question that strike our mind is “How to save money?”.
All of us face this situation.” How can we save this important resource?” Or another question might be “How can we do best utilization of this resource?”. It is simple. Save 30% of your income prior to any expenses. Keep 10% for your emergency needs. Use more cash transactions than plastic money. Sounds strange? Well, the more you will feel the cash flow, less you spend. Keep track of all your expenses. One interesting quote is “Spend to Save More”. What is that? Sounds strange and surprising? But you have heard it right. It is about spending on something more worthy. There are many other ways to save money. Watch this video to learn more about it.
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