Many people complain that no matter how much money they earn, they never have anything left. The reason for this is that either they are very spendthrift or the burden of responsibilities is so much that the salary gets spent in fulfilling those responsibilities. But whatever the situation, you must have the habit of saving. Otherwise, your and your family's future can be in danger. If your salary also gets spent as soon as it is credited to the account, then you should make it a habit to do just 2 things. Once you do this, you will learn to save in every situation and will also secure your future. After this, even if you spend your entire salary, you will not regret anything.

Adopt this method for savings.

Most people's salary comes on the last day of the month or the first day of the month. As soon as the salary comes, we start fulfilling the necessary expenses first. But now the first thing you have to do is to transfer 20% of your income to another bank account. If you set aside a part of your savings from your salary, then it will be your compulsion to meet the rest of your expenses from the remaining amount.

Understand with an example.

Suppose you get a salary of Rs 40,000, then 20% 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. Now the question in your mind will be why only 20%? So let us tell you that the financial rule says that every person should invest 20% of his income. In such a situation, whatever your salary is, you should invest 20% in any case. If you feel that the remaining money is less for you, then cut down on your unnecessary expenses, but do not compromise in terms of investment. You may face some difficulty in the beginning, but gradually it will become a part of your habit.

The second task is investment.

The amount that you have transferred as savings to another account, invest that amount in the first week of the month. If you do not have another account, then invest that amount directly from the salary account in the first week itself. Choose the first week for investment because if you think that you will invest at the end of the month, then believe me, many times the expenses are so high that you are not able to save the amount for investment. Therefore, invest the investment money in a place beforehand. After this, whatever salary is saved in your account, you can spend it according to your wish and needs.

Where to invest?
Now the question arises where to invest? So in the case of investment, one saying fits, that is, all the eggs should not be kept in one basket. Meaning you should not invest all the money in one place. Diversify your portfolio. Nowadays there are many schemes like RD, PPF, and SIP mutual funds in which you can invest a fixed amount every month and can accumulate a large amount in the long run. If the amount of 20 percent of your money is quite good, then you can divide it and invest in different schemes.

For example, if you are withdrawing Rs 8,000 every month as savings, then you can invest Rs 3,000 in SIP, invest Rs 3,000 in PPF for the long term and you can start a short-term SIP of Rs 2,000 or run RD, etc. Apart from this, if you contribute to EPFO, then you can also increase your contribution to EPF through VPF. You also get a very good interest in EPF.

Control these expenses

If you are addicted to cigarettes, alcohol, etc., then try to quit them.

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

Reduce the reckless use of credit cards.

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

If you make unnecessary purchases because of offers, then control this habit.