Saving and investing is essential in life and money saved is money earned !

Hi, Kiran, I completely agree with you. Unfortunately only in theory. The last 4-5 years have been hard for me and I still struggle to survive month by month. But if I had enough money right now I would invest in gold or in real estate. In practice though, I hope to begin saving money little by little. Good luck!

Hi kiran, money is the most important factor for everyone. In an emergency only money can save a person. So everyone should save some money from their income. Especially in the old age savings is the only means to live. So it is essential for everybody to save some money from their earnings. There are many ways for saving money. Long term investment in the government banks is safe for the low income group people. One can also invest in stock market. But that is some extent risky.

Hello Kiran ji, Saving and investing is must in life. Indeed we cannot earn always handsome amount. After some time our working capacity will be decline but our needs remains as it is. So we must be save one part of our income and invest it wisely. Some one told me that how we save. I suggested them you treat your saving like your other bills, like electricity bill, So take saving as obligation and save.

I am doing my best to save and pay down debts. The only debt my family currently has is the "good" kind. A mortgage and a small car loan. We are finally credit card debt free, and the school loans were just paid off within the last month or two. We are slowly rebuilding our savings account, hoping to start a separate account for a travel fund. We hope to get away for our 10 year anniversary in 2013, hopefully somewhere international.

Hello Madam, How you been these days? I agree with you and that is why I am also on the same track. Recently I read the book titled as " The Rich Dad and Poor Dad" by Robert T. Kiosaky. It tells the secret of being rich. He tells about the importance of building the assets. It is good to invest the money at such places where it creates more money for you. Such habits makes a person rich.

I got interested in investing before I had started earning!!! Like last year I would research on investment plans and schemes and what not. Maybe I didn't know that you have to earn before you invest.

What you say is true kIran/. Noone can predict emergencies but one ought to be careful because it is never desirable to be caught by surprise. If we keep our life style always simple this mitigates the problem.However, our basic life style has itself increased these days.I cannot live wihtout internet or mobile phone nowadays. I was not like this a few years ago. But apart from this , I keep my life style the same as far as food or purchases are concerned.THat is the only tip I can give--"Do not increase your basic lifestyle just because there is extra money today." Whether you get an additional salary or bonus or increment , keep this away as if it does not belong to you. THen it is there as a cushion.

You are very true mam, there saved is money earned or rather money invested is money earn earned in today's scenario. We all dont know what Destiny planned for us so its better to be well prepared for the future prospective. There are so many money saving and investing schemes these days like provident funds, investing in Gold, investment in property etc.