Smart Saving Strategies in the Age of Easy EMI

Nowadays, saving has become very difficult because most of the things are ordered on EMI, which gives people a lot of convenience. Because earlier you had to wait to buy any expensive thing, but since the EMI option has come, you do not need to think much, even if you do not have that much money, the winning product is still there. You can buy goods and because of EMI, this option has become much easier and people are taking full advantage of it and the company providing this service is earning a lot of profit.

Earlier it used to be that if people wanted to buy an item, they used to deposit/save a sufficient amount for it and then take the item, but now times are changing very fast, people do not want to wait so much and They buy the product on EMI and they have no problem in paying a little extra money on it because of EMI your instalment becomes much cheaper and you can run it for a longer period by doing this. There is little impact on your pocket and you still get what you want.

Is it a good habit?

For many people who cannot afford to buy things, it is a staple but for many people who do not even need things or you can say people who miss these things, it is also a very bad thing for them. Believe me, if you miss an instalment by mistake, then you may have to bear the brunt of it. If you deposit the amount on time, then there is no problem, but if you make a mistake or for any reason within a year. If you do not deposit the instalment, you have to pay a fine for it and the company with which you have created your EMI calls and harasses you. I believe that if you buy goods together then there are more benefits and if you buy it on EMI, you have to pay more than the actual price of the product, even if it seems less to you, but think of the same number in lakhs. How big does this amount become if it runs into crores?

Benefits of saving:

Although nowadays people invest more than saving, saving is also very important because it is important for you to keep an emergency fund and that will be an invaluable saving of yours. Whenever you are in any trouble, that money will be useful to you and this is very useful. It is also important that everyone should have such a fund and I would advise you that if you do not have it then you should start collecting it. If you do shaving then its advantage is that if you have to buy any product then you can pay all the money at once and if you pay in lump sum then you often get good offers whether it is online or offline. If you are online then you get seasonal offers. If you buy something from your local store then if you make the payment together you can also bargain and this is a good way to do it with your money. Then that is your ability. How much can you save by bargaining?

Yes, you will not become rich just by empty savings, but you can invest the money you have earned. We may not invest the entire amount but you can invest some amount from where you can get fixed returns. There are many facilities available nowadays where you can get guaranteed returns. Yes, you can waste your money due to excessive greed, but this decision is yours only because that money is yours and you told it to invest and how to invest, only these few things have to be kept in mind by you and Through these things, you can also increase the money you earn and that too in a good amount. Many people earn good profits by trading in the share market and keep it increasing and some people are not successful in doing so and they say that the share market is not good and whatnot.

There are two sides to everything. If someone has been inferior to trading then he will call that good in spirit and if a person is not able to work from there then he will call it dirty. What do you think about this? There is no benefit in keeping money in a bank's savings account, but you can turn on a facility called Auto Swap in your account, in which you get good returns, which is better than saving and perhaps it also helps in reducing the rising inflation rate in your country. You will have to choose according to your country where you should invest. Trading is also a good option from where you can earn good profits. You just have to invest the money you earn very thoughtfully because Sometimes money also gets stuck there and you have to wait for many years for profit.

see you in the next post. Keep learning and keep exploring...

All the Images are Made Via Canva unless otherwise noted.

Translated via Google Translator, The content is original.

My splinterlands referral
My Golem Overlord referral
My HoloZing. Referral

Thanks a lot for staying till the end 😃🙏, Let me know what you think.

Never forget one thing you should be grateful for because someone has a dream of what you have. So learn to be grateful. Be Thankful.🙏😀

Thanks & Regards

@bhattg
-----Together we will make this a better place-----