Share how you save money every month

I invest 30000 per month in mutual funds. Rest amount goes back to my business . 

third.i.financial.advisors wrote:

I invest 30000 per month in mutual funds. Rest amount goes back to my business . 

27k/month mutual funds.

5k stock smallcase.

3k/month ppf.

2k/month RD for small situations without touching my main investments. (like I want to buy a new phone)

10k/month emergency fund bank account.(liquid)

I save money by not spending it on stuff I don't need.
I am not into buying costly clothes.
I do not buy a new costly phone everytime a new one comes out.
I will buy a products that I can use for a long time and do not put money on cheap stuff that needs to be replaced every other year.

By tracking expanses everyday, it helped me reduce my expanses by more than 50 percent. The automatic millionaire is really lovely book about money management. "A penny saved is a penny earned". 

I save money by not spending on unwanted stuff. 

2k rd

Occassional stock investment

And insurance

8.5k on NPS

3k on GLI(Insurance cum Profit)

3k on PLI

10k on RD(type)

We Spend Only In Needy For Future Happiness.

No Spends For Tongue 👅 Satisfaction (Outside Snacks, Tea, Coffee Etc)

No Spends For Mind And Body Satisfaction (Costly Clothes, New Mobile , Alcohol, Any Costly Machines That Saves Time Etc)

No Unnecessary Spends For Eye Satisfaction ( No To Tourism, Yearly 1 Time Movie Theatre Etc) But We Spend Money For Temple Visit.

Daily Do Surya Namaskar For All Organs + Muscles In Body Will be Fit And For Brain Fit Pranayam Or Meditate Helps Us To Save Medical Expenses

SnippierJoker wrote:

27k/month mutual funds.

5k stock smallcase.

3k/month ppf.

2k/month RD for small situations without touching my main investments. (like I want to buy a new phone)

10k/month emergency fund bank account.(liquid)

I save money by not spending it on stuff I don't need.
I am not into buying costly clothes.
I do not buy a new costly phone everytime a new one comes out.
I will buy a products that I can use for a long time and do not put money on cheap stuff that needs to be replaced every other year.

Great ....  very good financial planning there. 

Siva1Bopparaju wrote:

8.5k on NPD

3k on GLI(Insurance cum Profit)

3k on PLI

10k on RD(type)

UnderNation wrote:

We Spend Only In Needy For Future Happiness.

No Spends For Tongue 👅 Satisfaction (Outside Snacks, Tea, Coffee Etc)

No Spends For Mind And Body Satisfaction (Costly Clothes, New Mobile , Alcohol, Any Costly Machines That Saves Time Etc)

No Unnecessary Spends For Eye Satisfaction ( No To Tourism, Yearly 1 Time Movie Theatre Etc) But We Spend Money For Temple Visit.

Daily Do Surya Namaskar For All Organs + Muscles In Body Will be Fit And For Brain Fit Pranayam Or Meditate Helps Us To Save Medical Expenses

third.i.financial.advisors wrote:
You mean NPS ?? Can you explain your GLI scheme and Postal life insurance scheme ?? The payment terms part ...

GLI is Government Employees Insurence Scheme  I pay 3k per month for 33years(Retirement) i get 35-40L

And PLI is Same type of scheme from post office I pay 3k per month for 18years i get 13L

Both are Age ralted less age high amount

2500 rs stock investment every week. 

I Don't cut expenses.i buy all which are needed. But don't spend on items which I don't need even if huge offer is on. 

third.i.financial.advisors wrote:
You mean NPS ?? Can you explain your GLI scheme and Postal life insurance scheme ?? The payment terms part ...

What is GLI and PLI?

90K every month in FD, in Jan-Feb invest in PPF or ELSS (around 90K). 

tyagi.aakarsh73 wrote:

90K every month in FD, in Jan-Feb invest in PPF or ELSS (around 90K). 

Siva1Bopparaju wrote:

GLI is Government Employees Insurence Scheme  I pay 3k per month for 33years(Retirement) i get 35-40L

And PLI is Same type of scheme from post office I pay 3k per month for 18years i get 13L

Both are Age ralted less age high amount

Both are Age ralted less age high amount

hemant_111 wrote:

What is GLI and PLI?

third.i.financial.advisors wrote:
GLI - Group life insurance PLI - postal life insurance

Is postal life insurance beneficial??

im using a padosi ka wifi with tplink extender on terrace  and a 20 meter cat-6 cable to my room, where im using 2  smart tvs, 5-6 smart fones, one laptop, connection is 100Mbps on fiber.

using since 2014

my friend kept 295 grams on gold in muthoot and took loan of same amount, now that amount he gives on 14% interst. overall he is making 2.5-3 lakh a year after paying interest to muthoot

_Dracarys_ wrote:

Is postal life insurance beneficial??

third.i.financial.advisors wrote:
There are 6 different schemes ... you can check details of the schemes and the premium chart here ... https://photos.app.goo.gl/v3uCPcP7mkM...o6

I am still researching on how good this is compared to other life ins schemes. Will let you know bro .

monu.tanwar123262 wrote:

my friend kept 295 grams on gold in muthoot and took loan of same amount, now that amount he gives on 14% interst. overall he is making 2.5-3 lakh a year after paying interest to muthoot

third.i.financial.advisors wrote:
How does your FD workout compared to ELSS and PPF ?? 

FD is giving better return than ELSS. Obviously PPF will give better returns than FD but the time constraint is there. 

third.i.financial.advisors wrote:
haha ... what about the risk in private lending ??

money risk;

BP/Hyper tension/depression...these friends will visit for sure😄

have seen few around..of course they have earned/or been earning better than s/w engineer with some defaults