How can working women plan and save for future?
“Be not afraid of going slow, but be afraid of staying still.”
Start with a small amount and gradually increase it.
3. Mutual funds – These are both long term and short term. To understand about mutual funds you can refer here.
You can also check out for various other investment options here.
- Cut down dining at restaurants.
- Use cash instead of a credit card. Using cash is the best way to keep track of expenses. By using credit cards, one intends to spend more as it’s not an immediate cash outflow.
- Buy in bulk. You can buy and store grocery for 6 months in the sale season when there are good discounts. This way you will be able to save a good amount.
Other than the above tips, you can also open a source of additional income by turning your hobbies into a business.