We are currently in mid-November 2020 and we are just a month away from welcoming 2021, the next year of our lives.
Coronavirus pandemic has led to losses of many – people lost their lives, people lost their jobs, people lost their opportunity to shift to a new house or buy a new car or take that international trip.
But that’s what reality is. So let me come straight to the point now. Suppose you are an earning member of your family and your salary was one lakh rupees per month but due to the drastic downfall of businesses, you have been laid off or you are asked to take a salary cut.
It’s time to now start a expense record of daily things. Put a date and start writing whatever you money you spent for the day.
Then calculate the total amount by the end of the week, month and 3 months.
You will understand where you are spending and for what. Now you will understand what you need to leave and keep in your spending habits.
So, isn’t that the best and the basic-most way to cut down your unrequired expenses and start making small savings in the form of fixed deposits, post-office savings, recurring deposits etc. Think about it and you will get an answer.
