Hi Friends,

Well a small disclaimer before we proceed…I am not a financial advisor and I do not have any academic knowledge related to finance.Whatever I am going to share with you all today is completely based on my own life experiences and lessons.

So are you financially stable?? Do you have enough savings for your future??Are you still figuring out ways to save your salary???Does your pocket gets empty by the last week of the month?? You enjoy your salary only in the first half of the month??Do you eagerly wait for the next salary credit message?? Do you sometimes feel that your expenses are more than your income?? Do you feel that your salary isn't enough?

Well guys….RELAX….we all have been victims of these questions at some point of our life. No matter how much you are earning today it is always going to be less than your NEEDS…Or should I say WANTS?? Do you remember your first salary?? Of course yes…We can never forget our first salaries right?? So are you guys earning the same salary after say 3-5 years as well??? Most of us would say no…It's a normal cycle. We tend to grow financially in our careers and occupation with time.And along side our needs and wants grow as well. Our lifestyle changes with time. Isn't it??It's absolutely normal. We surely should not compromise on our needs and wants if we can easily afford them.

But then the question is why aren't we ever satisfied and contented with our incomes?? Why do we always keep cribbing for not having enough money??? Because the natural human tendency is the more we get the more we spend….And we all have experienced it i our life. No matter how much we try to control…So here I am to share with you a few simple tips which I have personally tried in my life and have got good results in terms of my financial stability..

• Start saving from your first salary itself. Keep this thumb rule in your mind always (Expense = Income - Savings) Always ensure you save at least 40% of your income before you spend even a single penny from your salary.After you have done that you are allowed to spend the rest however you want without worrying much.
• Always divide your savings according to your financial goals.Make 4 envelopes - For Medical Emergencies, Travel, Future,Shopping.These may vary as per individual needs.
• Always keep "Secret Treasures". I usually keep a 100 or 500 rupee note. It could be behind your mobile phone, Inside your spects box, some secret closet of yours where you have minimal access, hidden inside your wallet/ purse/ bag,etc. It could be any place you feel is safe and less accessible. These treasures might help you during an emergency.
• Do not use the money you get as a gift envelope during various occasions. Keep it as your saving bank. Trust me you can become a billionaire after few years.
• Keep a Piggy Bank. I usually do not spend any 5's and 10's coins. I accumulate it and put it in my piggy bank at the end of the week.You can do it on daily basis as well.
• Always clean your wallet every week. Remove all the clutter, unwanted bills, Receipts, etc. and arrange your notes and coin neatly.If you can organize your wallet you can organize your finances as well.
• Stop cribbing for money. Always say that I have enough. The more you crib the more you suffer. So be grateful for the money you have right now.
• Start SIP's from your first salary itself and be consistent. Keep increasing your SIP contribution with every salary increment.You will be amazed to see the power the of compounding.
• Its never too late to start saving.

I hope the above tips would help you guys to achieve the Financial Stability in your life. I wish you all abundance of wealth and prosperity!!!

Happy Reading!!!

Regards,

Apurva