Published Jun 13, 2022
2 mins read
413 words
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How To Save Money In Low Income

Published Jun 13, 2022
2 mins read
413 words

Saving money from low income becomes a very big task. When and what situation will arrive we don't. We much prepare ourselves for whatever situation occurs. Nowadays a single salary is not enough to run a family both husband and wife should work then only they should have a good life without a mortgage. myself going to share ideas to save money from low income. The minimum monthly salary we much save at least 10% of the salary amount. They are different types of ways for saving money. Let's see what are method.

 
  1. The government announced different schemes to save money like post office bank savings I started saving money from my salary. In the post office bank, we can minimum amount like rs.10 to rs. 100000. Different types of schemes are available saving Accounts, recurring deposits, time deposits, for girls pon magal saving schemes for higher studies and marriage, and boys pon Magan saving schemes for higher education. This scheme very very useful for low-income families so they can save money when children are born and so can be carefree about their children's education because they always saving the hand.

2. Piggy bank saving method each member of the family should have their piggy bank in the home. If extra money or any gift money is given they can save money in a piggy bank. Parents should encourage children to save money in future also they know the value of money. We think a small amount makes difference in our life but in emergencies, piggy bank money saves us from lending to others.

3. Small gold savings chits start from rs. 500 to rs. 5000 for 12 to 15 months schemes available in a jewellery shop. Small gold savings help in emergencies like returning gifts for functions, and gold loan mortgages. 

4.  We can do small business from home to increase income. Nowadays both husband and wife should work to save money or to have a good healthy lifestyle. Many work from home available like reselling business, cooking jobs, jewellery making, stitching and selling dress etc.

5. Make money from waste in the home we can sell unused items old paper, plastic, dresses etc.

These are a few methods myself save money from a low-income salary to have a carefree life. We can save a small amount from the husband's salary but a wife should have a clear idea of saving and help him financially and emotionally to have a good lifestyle.  

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thulasiram.ravi 6/15/22, 12:41 PM
Very nice post, keep writing

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