+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

These four radical lifestyle changes will help you save better!

Sep 24, 2015, 17:16 IST

Advertisement
Today success is measured by the balance in your savings account. No matter how many zeroes follow the number digit in your paycheck, a person with no savings has no net value. If you haven’t been able to save a single penny, try these four lifestyle changes.

Downsizing your home- Research shows today’s houses are 1000 sq ft larger than what it was 20 years ago. Bigger spaces mean higher maintenance spend. With our growing needs we do need bigger apartments but we should draw the line between spacious and huge. Cut down on the extra space and add the penny to your piggy bank.

Stop binge-buying- Let’s be honest! How many times have we entered the supermarket and come out of it with bags full of things we don’t even need? Cutting down on the junk not only helps save our calories, but adds to our monthly savings too. The best option is to plan your diet chart and accordingly go groceries shopping. Staying healthy actually helps you save big bucks.

Automating your budget- We tend to overspend and before we know we are broke and clueless about where all our money went. Automate your budget at the beginning of the month. Keep aside a fixed amount every month and let it be. Out of sight, out of mind!

Investing in memories- We all want to own a sleek sassy electronic device. Sure it would add to your style but at the same time it would burn a hole in your pocket. These are short term investment and unless we are in dire need of it, it is better to avoid it. Instead save on bucks and plan short trips with your friends and family. Investing in memories helps you invest in your savings too.
Advertisement


(Image credits: itimes)
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article