Saving money is something that we all know is good for our future yet we fail to do it. Saving money is a much broader concept than just spending less and stashing away your remnant salary. It involves planning before spending, investing your money and more. So here are some tips on saving your hard-earned money in an efficient way.
1. Record every expense
This is the most crucial thing you need to do before you actually plan out a budget. Keeping a record of each and every expense will give you an insight into your spending pattern and you would be in a clearer position to decide what all expenses were actually needed and which of them could be ruled out in the future.
2. Prepare a budget
After tracking each and every expense, you are in a position to see where your money is going. Now, prepare a budget by clearly listing out the sources of incomes and the expenditures you are most likely to incur. At first, try to include only very necessary expenses like food, shelter and clothing. This will increase the corpus of your savings and overtime you’ll be able to afford luxuries without exhausting your whole salary.
3. Invest somewhere
Stashing away all of your saved money into a locker is not a wise decision as money loses value over time. You can invest some of it or all into various options trending in the market. Beginners can open up a savings bank account or invest into mutual funds which are considerably safer than the other options available.
4. Prepare a list every time you go out for shopping
We often tend to buy useless things just because they catch our fancy. Preparing a shopping list will ensure that you don’t end up buying things that are not actually needed. Prepare a shopping list and adhere by it, you will end up saving a lot by the end of the year.
5. Pay your bills, debts or any outstanding expense on time
Some of us are habitual of paying our bills and debts after the due date. Well, those 100 bucks over your bill may sound like not a really big deal but if you are paying them off late every month then you’re really incurring a lot because of your laziness or ignorance. If you try to pay your bills on time, you’ll not incur extra charges, and ultimately the corpus of your savings will increase. As simple as it sounds, right?
These were some tips on how to save wisely; we hope that these help you to save some for a rainy day. Do you have some tried and tested ways of saving more money each month? Please do share them with us in the comment box below.
Article by Bhumika Israni
It’s November, “No-shave November”, a month to showcase your talent guys. A Moustache November, beard November, hairy November, hotness November and a Manly November. There are simple rules to it. Say ciao to razors for 30 days, skip waxing appointments, grow your mustache, beard and say hola to facial hairs. The only exception to it is you can trim and groom them. Donate the maintenance cost of the month for a cause, as an individual or in a group.
No-shave November began to spread awareness and support men’s health issues like poor mental health, prostate cancer, and physical inactivity. The research, education, and prevention programs take place to identify cancer at an early stage because people tend to lose hair when they suffer from cancer.
This is how they came up with “The Movember Foundation”. They started back in 1999 in Adelaide, South Australia. It is a web-based non-profit organization. Besides annual check-ups, the Movember Foundation encourages men to be aware of hereditary cancer and to follow a healthy lifestyle.
Grow wild, go free this November! Participate, donate, share and spread awareness to help all my Mo Bros. To be Mo Bros click here.
Image Source: Google
Tea is world’s 2nd most consumed drink after water. It has over 3,000 varieties.
All types of tea come from the same plant, the Camellia Sinensis. The difference arises from processing, growing conditions and geography of the tea.
More the tea leaves are processed the stronger the flavor. The level of oxidation, or exposure to the elements, is what determines whether a tea is white, green, oolong, puer or black.
The amount of tea used, temperature and brewing time are factors that make a perfect tea.
The lesser oxidized tea is, the lighter it will be in both taste and aroma. Heavily oxidized teas will yield a dark, rich, reddish-brown infusion while less oxidized teas will yield a light, yellow-green liquid.
Here are some interesting types of Tea!
White tea undergoes the least processing of all teas. The tea shoots are allowed to wither then dry to prevent oxidization.
The leaves are heated before they’re rolled (by hand or in a machine) and dried. Very less oxidation occurs, but the extra steps bring out the natural flavor. Green teas are sweet and contain many vitamins and antioxidant properties of the fresh green tea leaf, making them highly regarded as a healthy, fragrant and delicious drink.
Oolong Tea (Wulong)
Bruising or tearing the leaves results in partial oxidation, and a cup with a rich color. The flavor of oolong tea is typically not as robust as blacks or as subtle as greens, but it has its own fragrant and intriguing tones. Oolong is relatable with the taste and aroma of fresh flowers or fruits.
It goes under complete oxidation and has characteristic dark brown and black leaf. It has more robust and pronounced flavors of black tea and, when brewed appropriately, it has a higher caffeine content compared to other teas.
Puer is an aged black tea from China prized for its medicinal properties and earthy flavor. It is perhaps the most mysterious of all tea. The process of its production is a closely guarded state secret in China.