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There is a common saying, "We need to save for our rainy days." We work day in and out to earn money to make our life better and to secure our future. Monetary security plays a vital role all through our life. So we should always save a proportionate amount of money every month. Small savings can help us a lot at the time of urgency. People generally have the tendency to ask money from friends or relatives whenever they are in need of some money. If we save petty money every month we can be saved from such situations.

We generally invest money in tax saving policies. We all invest in these kinds of policies keeping in mind our future liabilities. Though they are our savings in long term but if we require instant money then they cannot help us much. At times there can be extra expenditure on medical, education or home. So we cannot break our long term policies for these kind of expenditures.

Below are some tips on how to save money:

• Always plan your monthly expenditure and keep aside a fixed amount of money for that.
• Keep aside a little money for emergency need every month.
• Every month make it a point to drop minimum thousand rupees in your piggy bank.
• Plan some short term policies. Nowadays banks offer even three months deposit schemes. You can also earn interest on them.
• Keep aside a little money for emergency need every month.
• Keep a small amount of money for extravagance every month. This way you can also curb overspending if you are extravagant.

If you follow these simple savings tips you can recognize your major spending area through these demarcations and you also have ready money in case of urgency.