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Saving money is very healthy for your bright future. There are various saving schemes available in India but here we are providing the best saving scheme in India . Using our saving money ideas you can choose the best saving plan for your child or for your family. Types of saving schemes  1.        Government saving scheme ·          Different plans for different purposes ·          Guaranteed return ·          Risk 0% ·          Period 5-20 years ·          Highly liquid ·          Taxable or non-taxable 2.       Bank saving scheme ·          Offered by banks and some financial institutions regulated by RBI ·          For every citizen of India ·          High liquidity ·          Return fixed and guaranteed ·          Risk 0-5% ·          Period 7 days -10 yrs ·          Taxable(TDS) ·          Types –FD or RD 3.       Market-linked savings scheme ·          Offered by asset management companies ·          Invest in a small amount in market-l

Saving money is a good habit and it is essential for our life. Everyone should make a budget of expanse and save at least the money from their monthly income. There is some rule which helps you to understand the concept of saving. you can save money easily whether you are a businessman, entrepreneur, employee, student, or housewife.  This is valid for all. 50/30/20 RULE According to this rule,  First, divide your income into three parts, no matter how much you earn. 50% - For essentials like rent and food 30%-  For discretion spending 20% -  For saving For high earners, Expanse low and save a large percentage of income  For low earners,  Keeping something is better than nothing If you want to retire early then there is a most famous principle you should know. 4% Rule of retirement / safe withdrawal rate  The formula for financial independence; [annual expenses<=4% of total investment] save and invest 25x of your annual expanse = financial independence  It's only a guideline. Fo

Saving is everyone desire . everybody wants to save money for future security but if you know the best way of saving then you can save lots of money with high interest rate.  Saving depends on your future goals , what is your plan in future?  There are three types of saving . 1. Short term savings 2. Long term savings 3. Mid  term savings                                                                  Let’s discuss each of the following .                                             Short term saving Short term goals are your immediate expanses. Although timelines vary, these are  the things you will spend money on generally within a few months or years. Example:- 1.      Emergency fund 2.      Rent, insurance or student loans. 3.      Credit card debt payments. 4.      Personal goods 5.      Travel 6.      Wedding 7.      Minor repair and home improvements Long term savings Long term goals are usually your big picture costs. These goals may take several ye

Everyone wants to earn money as more possible so for this they struggle using his all possible strength but even not everybody get what they want .  But smart people know how to grow their own money which they are earning i think it will be best if you are able to grow your money without doing additional effort. what you think am i right ?😇 if i am right read full article CAREFULLY ! LET'S START, HOW TO MAKE MONEY ? Method, 1. Saving 2. Investment  SAVING SAVING money is the process of parking cash in extremely safe accounts or securities that can be accessed or sold in a very short amount of time  Saving is the portion of income not spent on current expenditures . in other words , it is the money set aside for future use and not spent immediately. It can be short term or long term. Why it is importent? it helps in emergency. It help to buy importent thing like electronic appliance , car , bike etc. Habbit of saving , save your money from unexpected or unneccessery expanse. It gro