How to Save Some Money For Your Family

India
June 20, 2008 12:46am CST
How do you save some money for your family.
2 responses
@veejay19 (3592)
• India
20 Jun 08
When you get your paypacket take out some money and either keep it in your bank savings account or open a reccuring deposit account with your bank. This will compulsorily make you deposit a fixed amount like maybe Rs 100 or 500 per month which will be a savings. you will not be able to spend this amount so it will help you in the long run. If you are getting a good salary and if you find that after taking out money for your monthly expenses there is quite a bit left then you can deposit it in reputed mutual funds like Franklin Templeton or ICICI Prudential etc. Or you can put money in a bank fixed deposit which is the safest, There are also the small savings schemes like the Post Office deposits.Best thing is consult a good Financial consultant who can guide you in this matter.
1 person likes this
• India
20 Jun 08
Thank you Vijay for good suggestion about this discussion
@veejay19 (3592)
• India
20 Jun 08
You are most welcome Mayank.
• Philippines
20 Jun 08
For me, that's one of the hardest thing to do.. Save money.. I'm aware that there are lots of way to save money but i can't find the perfect one for me. During payday, I see to it that i buy the stuffs we needed at home and stuffs needed by my baby.. I also allot money for us to go out during weekends and holiday.. In the end, I am always surprised to learn that I didn't left anything for our saving that month.. Wow.. its really tough but im working on it.. Goodluck!
1 person likes this