Money Rules: Expenses start as soon as salary arrives, so follow these rules..

There are many people whose income may be high, but they do not save money. As soon as their salary is credited to their account, expenses are standing in front of them and eating up their entire salary. If you are also among such people, then you need to be careful because this habit of not saving can create problems for your future. If you are the head of the family and all the responsibilities are on your shoulders, then especially you need to be very serious about saving and need to control your uncontrolled expenses. Here is the method that will help you in saving. After this, even if you blow away your entire salary, you will not regret it.

Adopt this method for saving.
The financial rule says that you should save 20 percent of your salary in any case. If you are not able to save money, then as soon as you get your salary, transfer 20 percent of the amount to another account. After this, whatever money is left in your account, spend it according to your wish. If you do not have another account, then invest that amount directly in the salary account in the first week. Suppose you get a salary of Rs 40,000, then 20 percent of 40,000 is Rs 8,000. In such a situation, you have to invest Rs 8,000 as soon as you get your salary.

Choose the first week for investment.
Choose the first week for investment because if you think that you will invest at the end of the month, then believe me, you will spend your saved amount somewhere. If you invest as soon as you get your salary, then you will have to meet your expenses from whatever money you have left. Apart from this, you will not have any other option. If you feel that after investing 20% ​​of your money, the amount left for your expenses is less, then you need to cut down on your unnecessary expenses. But do not compromise in terms of investment. You may face some problems in the beginning, but gradually it will become a part of your habit.

Where to invest
Now the question arises where to invest? So nowadays there are many schemes like RD, PPF, and SIP mutual funds, in which you can invest a fixed amount every month and can add a big amount in the long run. If the amount of your 20% money is quite good, then you can divide it and invest in different schemes.

For example, out of Rs 8,000, you can invest Rs 3,000 in SIP, Rs 3,000 can be invested in PPF for the long term, and Rs 2,000 can be started in short-term SIP or run RD. Apart from this, if you contribute to EPFO, then you can also increase your contribution to EPF through VPF. You also get very good interest in EPF and a good amount of money is saved for the future.

Savings will be possible by controlling these expenses.
If you are addicted to cigarettes, alcohol, etc., then try to quit it.

If you go out to eat twice a month, then go once.

Reduce the use of credit cards excessively.

If you waste money at parties with friends, then control this habit.

If you do unnecessary shopping due to offers, then control this habit.

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