It is essential for every one to learn how to save money. Or else you may never improve your financial position. You may have a heavy debt on your house and very soon, you want to pay off that debt. My ideas in this tip may be of some help to you to do that. This tip is aimed mainly at people who do not have any savings or assets and need to start afresh.
It is necessary to have this skill. Without it, it is difficult to manage money. Even if you got a small amount of money, you may not know how to handle it, in the absense of this skill. So it is for the people who wish to buy a house but have no savings to do so. This tip will show you how to save. The easy way is to save just ten percent of your income.
Your personal income is not subject to tax till you submit your tax return. Therefore, it is necessary that you have to save some money for this purpose also. The best method to have that ten percent saved, is to ask your employer to deposit ten percent of your income into a separate account, an account that is not in your city and you don’t have internet access or a debit card to it.
In this way, the ten percent just goes into your account every month and you do not even come to know of it. Subsequently you can spend the rest of your income. This is clearly a very slow process so as to get rich because in this method, only a portion of your income will be going into the savings account. However, it is better than nothing and the best way to save something.