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    Below are five of the simplest but most effective strategies for how to save money - Blogs 71

    5 strategies to save money
    Source : www.geico.com 



    5 strategies to save money


    Everyone has the desire to make money. But most people can not make money. There is a little bit of time to spend on saving money. Different techniques can be applied again. Develop money savings practices at the beginning of the new year.

    Plan: 


    Think how much you spend on daily basis. From there, if you start accumulating a small amount of money, then after one year, think of your savings will be the money. It can be five years after that? So make a small plan. Also, decide how to handle it if you have any big expenses. And start by moving ahead with the plan to increase the amount of your current income.

    Bank Account: 


    You do not have to spend money in your account. Think about how much was last in the account after meeting your emergency requirements before spending. Whether it increased in the next month. Grow balance in the account even after meeting the urgent need of each month.

    Credit card alert: 


    Credit card always borrows you. So do not use this card unnecessarily. Avoid without very urgent need. Most of the time you will pay interest on a purchase through a credit card. Which is like taking out unnecessary money from your pocket.

    Think before buying: 


    It may be said that you have a choice, but you can ask for it. But think before buying any favorite things; If you do not buy it, will you have any problem or can you use it for any other way. If you can not afford to buy it then why spend money unnecessarily. Prefer not ending on earth. If you choose to buy it then your purchase will never end.

    Repay the loan: 


    If you are owed, start repaying from the beginning of the year. Debt destroys human personality and reduces the heart. If you are free from debt, you can work in ease. Personality is one of the main issues for increasing revenue.

    Insurance or Deposit:


     Start an insurance or deposit scheme at the beginning of the year. Make it your best. The amount of the smallest amount of your savings habits will be developed. After that you can increase it. However, there must be a trusted organization to choose.

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