Money Tips: If you understand these 5 mantras in matters of money, then even a small salary will fill your bank account..

Many times in life, people are not able to save money even after earning a good amount of money, while some people fill their bank account even with a small salary. This difference is due to financial planning. Some money decisions can make a big change in your luck. Here are 5 such mantras that GenZ should especially understand so that there is no tension about money in life.

Savings
Many people have the habit of squandering whatever they earn. But Chanakya Niti also says that money is man's biggest friend because, in times of trouble, it stays with him as a true companion. Therefore, every person must develop the habit of saving.

Investment
Whatever you earn, can be increased only through investment. In today's time, there are many such plans, which can also convert your investment into capital. The financial rule says that every person should invest at least 20 percent of his income in any case. If you also invest 20 percent of your income every month, then you can become a millionaire in the coming time.

Job
People look for better jobs for better salaries. But it is also not good to change jobs frequently. This can spoil your profile. While changing jobs, you should consider things like job location, profile, tax impact, facilities, and flexibility, only after that take any decision.

Loan
In today's time, there are facilities like credit cards. Youngsters use them without thinking and sometimes unnecessarily increase the load on themselves. So make a promise to yourself that you will use credit cards according to your situation. Apart from this, many types of loans are offered in banks nowadays. You will take any kind of loan only when it is very necessary. Apart from this, you will not borrow from anyone.

ITR
ITR filing is an important responsibility that every person should complete within the stipulated time limit. You will have to pay a penalty for filing late. Therefore, resolve to file ITR on time.

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