Saving Money Tips ?

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Deal Subedar
just_talk
Saving Money Tips

Saving Money Tips

Please share the best money saving tips from your side. Thank you.

About my savings:

To get tax benefits I invest in PPF and LIC combined 1.5 Lakhs per year.

Apart from this I'm unable to save much actually. 🥲 As most of expenses goes for Medical and family care.

What about you?

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Ur money won't grow if "investing" in "insurance".

Check if u can surrender LIC policies and how much u get back.

If LIC is surrendered, start 1 sip in MF.

Buy term insurance.

Deal Subedar Deal Subedar
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Yeah corporate labour bro 🥲

Pro Tech Guru Pro Tech Guru
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@just_talk

Anyway EPF will cover 50-70k in 80c

Why LIC and PPF for 1.5l?

You have medical insurance and still paying medical expenses?

For savings i can say

1 close your debts (hl, cc, pl anything)

2 live below your means

3 you can save a lot if you plan your budgets

Be it groceries, vegetables, big ticket exp

4 invest in upskilling

Deal Subedar Deal Subedar
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Yeah corporate labour bro 🥲

Cool Cool
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@just_talk

Uninstall Flipkart, Amazon, Zomato, swiggy, ola, Uber, dream11, rummycircle, Myntra, Neu, etc... You will be able to save money

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Benevolent Benevolent
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Karjey main hun.

Deal Subedar Deal Subedar
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Mah debt me nahi hoon but India me treatments k Jo expenses he, bahut jald karje mah ah skta hoon

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Pro Tech Guru Pro Tech Guru
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Working professional?

Deal Subedar Deal Subedar
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Yeah corporate labour bro 🥲

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Helpful Helpful
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Ur money won't grow if "investing" in "insurance".

Check if u can surrender LIC policies and how much u get back.

If LIC is surrendered, start 1 sip in MF.

Buy term insurance.

Deal Subedar Deal Subedar
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Okay thanks for the advice
Deal Cadet Deal Cadet
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Control expenses.

Don't look at others

Tax Wizard Tax Wizard
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You can also look at restructuring your Salary package so that its tax efficient ! The company must also provide that flexibility to you ... few companies dont provide it though. If you are in a good salary bracket, you can negotiate it.

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