When to Start Saving, How to Start, and How to Spend Money Wisely (For Ages 18 to 40)

-
Saving money is not just about putting cash aside—it’s about building a foundation for your future. Whether you’re a student just starting out, a young professional, or someone planning a family, understanding when to start saving, how to begin, and how to manage expenses can completely change your financial journey.

മുന്നോട്ടുള്ള ജീവിതം സാമ്പത്തികമായി സുരക്ഷിതമാക്കാൻ പണസംരക്ഷണം വളരെ പ്രധാനമാണ്. വിദ്യാർത്ഥിയാകട്ടെ, ജോലി ചെയ്യുന്ന ആളാകട്ടെ, സംരംഭകനാകട്ടെ സമയത്ത് തുടങ്ങുകയും ശരിയായ രീതിയിൽ പണസംരക്ഷണം നടത്തുകയും ചെയ്താൽ ജീവിതം ഏറെ മാറ്റങ്ങൾ കാണും.

When Should You Start Saving?
The best time to start saving is NOW. The earlier you begin whether from your pocket money, first salary, or side hustle the more time your money gets to grow through interest and investments.

ചെറുപ്പം മുതൽ തന്നെ പണസംരക്ഷണം തുടങ്ങണം. ആദ്യ വരുമാനത്തിൽ നിന്നും പോലും ചെറിയൊരു വിഹിതം മാറ്റി വയ്ക്കുന്നത് ഭാവിയിൽ വലിയ മാറ്റങ്ങൾ വരുത്തും. പണം കൂടുതൽ കാലം നിക്ഷേപത്തിൽ ഇരിക്കുമ്പോൾ അതിന് വളർച്ചയും ലാഭവും കൂടും.

How to Start Saving 

Set Clear Goals
Define your reasons for saving emergency fund, buying a house, higher education, or retirement.

സുരക്ഷിതമായ ഗോളുകൾ നിശ്ചയിക്കുക എമർജൻസി ഫണ്ട്, വീട് വാങ്ങൽ, പഠനം, വിരമിക്കൽ തുടങ്ങി.

Create a Budget

Track income and expenses. Identify where money is wasted and cut it down.

വരുമാനവും ചിലവുകളും ട്രാക്ക് ചെയ്ത് ബജറ്റ് തയ്യാറാക്കുക. അനാവശ്യചിലവുകൾ കുറയ്ക്കുക.

Start Small, Stay Consistent
Even saving 10% of your income every month builds wealth over time.

ചെറിയ തുക പോലും മാസം സ്ഥിരമായി മാറ്റിവെക്കുക.

Pick the Right Savings Tools
Savings accounts, fixed deposits, or mutual funds choose based on your goals and risk level.

ബാങ്ക് അക്കൗണ്ടുകൾ, ഫിക്‌സഡ് ഡിപ്പോസിറ്റുകൾ, മ്യൂച്ചുവൽ ഫണ്ടുകൾ ലക്ഷ്യത്തിനും റിസ്കിനും അനുയോജ്യമായ ഉപാധികൾ തിരഞ്ഞെടുക്കുക.


 

Comments

Post a Comment

Popular posts from this blog

Playback singer Kalpana Raghavendar was found alone and unconscious at her home and has been hospitalized for treatment.

-
Image
She is receiving the necessary medical treatment Kalpana Raghavendar, the renowned playback singer, was found unconscious at her home in Rangareddy, Telangana, on March 4, Tuesday. The 44-year-old singer was promptly rushed to a nearby hospital after being discovered in a critical state. Her condition has since stabilized, and she is receiving the necessary medical treatment. Authorities reported that the KPHB police station received an emergency call from the apartment committee around 5 pm. Upon arrival, the officers found the door to her apartment locked. However, through the kitchen window, they noticed Kalpana lying unconscious on her bed. The police and medical responders quickly transported her to Holistic Hospital in an ambulance. Her husband arrived by 6 pm. Doctors have stated that her condition is now stable, and she is receiving appropriate care. The KPHB police confirmed that no case has been registered, and further details regarding the cause of the incident are still pen...
Read more

Investing Techniques for Financial Independence

-
Image
  Begin Early Starting early is the first and most important step in investing for financial independence. The more time you have to allow your money grow, the earlier you should start investing. Starting early will provide you a big edge over people who wait until later in life to start investing, even if you can only afford to invest a small sum of money. Diversify Your Investments Diversifying your portfolio is another important technique for investing for financial independence. Diversification means spreading your investments across a variety of asset classes, such as stocks, bonds, and real estate, and not putting all your eggs in one basket. Diversification helps to minimize your risk and maximize your returns over the long run. Purchase Inexpensive Index Funds. An Additional Well-liked Strategy For Investing For Financial Independence Is To Use Inexpensive Index Funds. Index Funds Offer Minimal Costs And Extensive Diversification While Being Designed To Mimic The Performanc...
Read more

Building a Strong Financial Foundation: The Psychology of Money - No Luck & Risk

-
 Welcome back to our "Psychology of Money" series! In today's video, we'll be summarizing Chapter 1 of the book, "The Psychology of Money," titled "No Luck & Risk." Get ready for some fascinating insights into how luck and risk influence our financial decisions. But before we dive in, make sure to hit that subscribe button and the notification bell so you won't miss any of our future episodes. "No Luck & Risk. In this chapter, Daniel Crosby introduces the concept of luck and emphasizes its significant impact on our financial outcomes. He argues that luck, both good and bad, plays a substantial role in our financial lives. Crosby explains how luck can manifest in various ways, from being born into wealth to stumbling upon a fortunate opportunity. These strokes of luck can greatly influence our financial situation, often beyond our control. Additionally, Crosby explores the concept of risk and its relationship to financial decision-m...
Read more