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Saving each month? Oops again … a lot of expenses. Engadget aja capture new car loan is difficult, more price rises all etc, and a million other reasons, when it started saving?

Saving money was actually very easy, if you know how. The following simple tips to save:

1. Set aside money for savings before you pay for other necessities of life.

2. Make savings as postal expenses. Enter the postal savings into the routine expenditure each month same as phone bills, transportation, and meals.

3. Have a special savings account. Separate accounts allow funds collected are not used for other expenses

4. Take advantage of auto debit facility from your salary account to the savings account. That way you do not have to bother to come to the bank or ATM to transfer or book-entry.

5. Save a dime. Shop only with paper money. If you get back the coin, put the money into a piggy bank. If you have full enter into your account at the bank.

6. Increase your savings deposit every time incomes rise. Every time you get a bonus or THR, set aside in advance to increase your savings. Likewise, when wages rise, the share of deposits also increase your savings.

Getting paid and money management can be tricky business because, in addition to customers, cash flow and managing your accounts properly is what keeps your business humming along. Consequently, getting paid in full and on time, as well as understanding money management, has to become a priority, even if you elect to hire an accountant or bookkeeper to manage the books. You will still need to familiarize yourself with basic bookkeeping and money management principles and activities such as understanding credit, reading bank statements and tax forms, and making sense of accounts receivable and payable. You also have to give careful consideration to the purchase payment options you offer customers, including cash, checks, debit cards, credit cards and online payment options, as well as establishing payment terms and debt collection in the event of nonpayment Read more…