This question often comes to our mind how should we manage our money and invest it, so let’s know, I will share some of my experiences with you today.
Below are some of the things you can follow:
1. Make your monthly expenditure list by this, you will know the expenses of the month and maybe you will also learn the wasteful expenses so that you can make a reasonable budget for your coming months.
2. Put some part of your salary every month in SIP, FD, Good Stocks, PPF, or NPS, which will give you good returns when the time comes.
3. If you have got a medical policy from your company then it is very good, otherwise, you can take an annual medical policy for your family, it is very useful for you many times when someone in the house is sick or admitted to the hospital.
This saves you from withdrawing your savings fund, about 80 percent of all expenses have to be paid by the insurance company, in many policies the company has to pay in full, it does not make any difference to your savings.
4. If you have any ongoing loan, try to finish it as soon as possible.
5. Create an additional source of income, like you can do some part-time work you can make money from stocks, or you can also do freelance work and start your blogging, or start a YouTube channel on trending topics.
6. Avoid excessive appearances, it will help you to move forward quietly, and one day you will feel happy.