Saving money through investments and other methods

Investments are one of the ways of saving money and also increasing the money. Some of the investments are as follows: bank fixed deposits, PPF accounts, insurance policies, mutual funds, investments in long-term bonds and shares. Money can also be saved through postal life-insurance policies, long-term recurring deposits of banks and post offices. These all are the safe side investments and you also call them the white

Money can also be saved through postal life insurance policies, long-term recurring deposits of banks and post offices. These all are the safe side investments and you also call them the white money. Each of the above investment portfolios has its own features and yields. They all have their own way of proving beneficial for you.

As I said above that they all have their own features which mean they all are different in nature. Individuals with less salary will also have a less amount of saving. For depositing such a small amount we have bank saving account. For a handful amount, we can open a long term fixed deposit account. Both risk coverage and savings you can invest in life insurance policies, postal life insurance through regular premiums.

Public Provident Fund

For long term savings with good results, you can invest in PPF accounts. PPF account or Public Provident Fund account is basically a type of account with a lock in period for certain years (this means you deposit the money for a certain number of years, that is; for 15 years and after that, you receive the money with interest).

The interest rate of the PPF account is always same and finalizes by the government of the country. You can also invest your money in the market through shares and mutual funds which are total market oriented.

Mutual funds

Mutual funds are the type of investment offered by various financial institutions and banks. Mutual funds may be with fixed returns, may be connected to the market and the results depend on the ups and downs of the market. They may also be partially market oriented. An investor has an option to invest in any one of the three types of investments.

Mutual funds connected with the market usually yield a higher return in the case when the market rises as compared to the mutual funds with fixed returns. Long-term infrastructure bond is also an investment portfolio with a fixed return for a certain lock in a period such as 5-9years and so on. You can also invest your amount in recurring deposits, so that; you can save even your small amount for a longer duration with higher interest rates.

Frugal living

Earning expenditure and saving are the regular concepts of life. Every individual saves through investments for certain reasons such as tax savings, better future, life risk coverage, to generate higher living standards and much more. But to save money other than various types of investments is an art, such as you can save your money through changing your regular lifestyle habits like instead of using your personal vehicle for going to your work place use public transport, so that; you can save few liters of fuel per month. This will add to your savings.

Use your energy needs such as light, and water with a sense of energy conservation like use electricity only when you are in need of. Switch off the lights, fans, and other electrical appliances if you are not using them. This will not only save energy but also increases your savings.

This will add to your savings. Use your energy needs such as light, and water with a sense of energy conservation like use electricity only when you are in need of. Switch off the lights, fans, and other electrical appliances if you are not using them. This will not only save energy but also increases your savings.

You can also adopt the habit of kids for saving the money through the piggy bank. You must be thinking that I am joking but no, I am not. It is one of the best ways of saving your money at your own place. No need to go to the banks and accounts or ATMs. It’s your own home where you can save the money. This might be sounding quite kiddish but apply this formula in order to save the amount and I promise, you will not regret.

Saving money

Saving more money does not only means that you just decrease your expenditure but it also means that you increase your income through other part-time ways other than your regular income source. Some of these can be tuition classes as per your qualification and subject command, job works such as parlor work, stitching, embroidery especially for women. These extra sources of income also help in raising the standard of living of an individual. It is because now you are earning more and saving more.

Saving is an important part of life and no one can deny it. It is also important to have more money in hands because this is necessary for leading a comfortable life. That is why it is very important for you to save money by following all the ways which have been discussed above. Not wasting the money in buying unnecessary things or items, saving electricity by following all the tips which have been mentioned above. So now, do not you think that it is really an easy thing to save money?