Use this: 7 smart ways to save money

This might sound obvious, but it's the foundation of healthy finances. Don't spend more than you earn. Identify your 'needs' and 'wants' to cut back on irrelevant spending to increase your savings pool.

Live within your means

Look at your total income and total expenses. It gives a view of your financial status and helps plan your investments accordingly.

Track your expenses

Set up a recurring transfer to move at least 20% (or any amount you can comfortably swing) of your net income directly into a savings account, investment (RD, FD, MF), or gold purchase plan.

Automate your savings

Unlike stocks, real estate, or other investments, gold does not need specialised skills. Plus, its history of holding its value can help protect your portfolio during economic downturns.

Invest in gold

Study different saving and investment options suitable for short and long-term goals. Select the options with high-interest rates and minimum risk.

Figure out your investing channels

Don't let unexpected or impulsive expenses derail your savings goals. Whether it's a new scooter, dream vacation, or retirement, set clear short-term and long-term goals.

Plan for the future

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