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Start saving early-



 

It might be too late for you to start saving young. We can’t go back. But you can certainly teach your kids the importance of learning the tricks of saving. If you put aside more than you need the left over become the savings.


I find that it is easier to have a figure, so you don’t have to think too much. My own figure is 50 percent. Anything I earn, I PUT HALF STRAIGHT INTO A SAVING ACCOUNT.


I don’t have to think about this. Every now and again I transfer the balance of what’s left to a second saving account- a sort of a super saving account. From the Super saving account, I can transfer to a pension account or in Investments. I don’t have to think too much about it.


It is a method I pass on to my children -spend half of your pocket money and save half. I hope they will find this an easy method to pick up. Initially this may be difficult to accept – You will feel the pinch of it in your life style-However, later it becomes a habit.


I really wish I had started this method of saving a very young stage. Lots of prosperous people have the same thought that they should have started young. I m fascinated to watch my children learning about money. I’m a great believer in making changes to correct basic flaws in one’s upbringing. Its no-good sitting around blaming others, you have to change it. I have to take responsibility and train myself.


Parag Nesarikar

 

Write Comments:

Exercise:

  1. Do you agree to Start Early Saving in Life?

  2. What is your Experience?

  3. How did you start your saving in life?

  4. At what Age?

 

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