Financial Planning for Salaried – How to Save Money with 15k Salary? | Money Saving Tips | Fayaz

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Hello and welcome to indian money.com’s youtube channel my name is fayas once we complete our college education let’s just say our graduation or post graduation we are very much excited and thrilled with the fact that we no longer have to ask for money from our parents from our guardians and we are able to take our financial decisions by ourselves no matter the fact

That we are making around 15 to 20 000 rupees a month also the fact that we are making money itself definitely makes us very much happy excited thrilled and what not but before you start splurging on your salary i want you to give me five minutes of your life because in this video i’ll tell you how you can actually start saving a lot more money in the initial days

Of your career as well which will definitely help you to develop a financial discipline which is definitely going to help you out in the later stages of your life tomorrow once you start making maybe one lakh or two lakh rupees per month also you will be able to definitely save a lot more money because in the early stages of your career you are able to inculcate

The habit of saving and if you stick with me till the end of this video i’ll also give you a bonus tip as to how you can make extra bucks here and there over your weekends and you’ll be able to definitely make a lot more money by developing a side hustle as well so without a further due let’s get started the number one tip that i’m going to give you over here is

Something that might sound very cliche but believe me it practically works so when we are in our college we definitely have the habit of living in a shared accommodation it can be with two people three people etc especially in metro cities and all this particular habit is very common but once we start making money we feel that okay maybe i should now take a flat of

My own where i should probably live with myself and nobody else i don’t really want to share my things share my room with anybody else but believe me if at all you are able to resist this urge of living alone in the initial days of your career you’ll be actually saving a lot more money on your rent which is one of the most crucial expenses that you’ll ever have to

Come across in your life until the time that you buy your own house so try and live in a place which is still a rented accommodation which is again a shared accommodation it can be two sharing three sharing four sharing etc the more people you add you’ll be able to save because you are not actually bearing the cost of the entire place that you’re staying in and

You’re actually splitting the cost as per the number of people that are living with you and i’ll tell you why it is the most logical decision that you can take because considering the fact that monday to friday you will be in your office you probably will be working around nine to ten hours every single day and only to sleep you will be coming back to your place

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Right and mostly on the weekends you’ll be so much exhausted with your work that you’ll consider traveling out somewhere probably going out to a nearby mall or probably going out to nearby hill station or a nearby beach etc and because of which you’ll be spending very little time with yourself in your room so if the entire idea of having a room is just to sleep

Then why don’t you live in a place which has probably three or more people alongside you here you are able to definitely save a lot more money on your rental expenses which will definitely help you to save a few more bucks for other expenses and other verticals of your life point number two over here is again something which might be very cliche but definitely

It will also work here you have to definitely resist the temptation of having delicious food every single day some of the biggest influential speakers of this generation like garyvee also have time and again quoted that they have actually saved a lot more money in the initial days of your career by actually eating and not literally i’m talking about not having

Very delicious meal or probably not spending a lot more money on your dietary expenses so if you talk you’re a person who follows fitness then you can definitely have to find ways and means through which you can actually limit the expenses that you’re inculcating on your dietary habits but if you’re a regular individual who just wants to have a fit lifestyle there

Are so many avenues so many options that have opened up these days so if at all you live in any prime city it can be any kind of metro city two tire three tri-city there will be so many avenues so many places where you’ll be able to find cheaper food options for example in karnataka there is a place called indra canteen which is available in almost every single

Street of karnataka is every single city where you’ll be able to find food which will be as low as 5 rupees or 10 rupees i know this sounds extremely cheap but trust me the food there is decent and you’ll definitely be able to save a lot more money over the weekends definitely you can pamper yourself with good food but maybe on the weekdays to maintain the financial

Discipline try and eat something which is little less expensive in fact you can actually take up the pg’s food service as well wherever you’re staying so in this way you’ll be able to save a lot more money on your breakfast and on your dinner as well and probably you can carry your own dubba to your respective workplace which will definitely help you to save a lot of

Your time on a day-to-day basis which is going to eventually help you save a lot more money as well talking about the third point you should definitely consider traveling via public transport i know public transport might not be a good idea during the covet times but if at all you are working from home nothing like it but if at all you have to travel to your office

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Try and first of all find a place which is closer to your office so that the commute will not take a lot of your time but if at all you have to travel you have no other choice try and stick to public commute transport options which includes maybe metro transport which may be a local train it can be buses etc so like this you actually are not spending a lot more

Money on the fuel expenses because as we all know fuel is very much expensive in india right now petrol and diesel are almost like 1900 rupees in that particular zone so until unless you have an electric guardi for yourself try and stick to public transport by this you’ll be able to definitely save a lot more money for yourself almost on a day-to-day basis which

Will definitely help you out to start your investment journey as well so if at all you’re successfully following all these three verticals all these three types of suggestions that i’ve given you just now you’ll be able to definitely save a lot more money for yourself and instead of saving that money in your house in your on your bed probably under the pillow or

Under the mattress that you’re sleeping on try and save this money in various kinds of options which are available which will also give you different kinds of returns as well i’m talking about investment options you can probably start by investing in some of the traditional investment options which are available in india which includes the rd option the ppf option

And if at all you are a person who’s financially a little bit more aware you can start investing in mutual funds as well you can start investing as low as 500 rupees per month in fact in rd options and all you can start with as low as 100 rupees but if at all you are able to save try and save a little bit more try and start by at least thousand rupees per month

And find ways in which you can actually increase the amount of money that you’re saving and investing every single month so eventually as and when your salary increases try and increase this contribution of yours towards your investment journeys and eventually you’ll be able to definitely take much more better and bolder decisions in your career as well because

You no longer have to worry about your financial commitments and financial obligations so now that you’ve stick with me till the end of this video i’ll tell you how you can actually make extra money here and there over your weekends and probably in the evenings so if at all you’re a person who lives in a metro city or a football you’re a person who probably lives

In a tire to a triathlete city and even in rural areas of india you can definitely make some extra money here and there during the weekends i’ll tell you how so uh let’s just say that once you come back from office it’s around six or seven pm and if at all your work doesn’t really uh demand a lot of your energy and if at all you still are somehow able to maintain

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That energy or if at all you still have a little bit of energy left in yourself what you can do is you can utilize that two three hours that you have for yourself by probably uh having a side hustle which can be transcripting work it can be data entry jobs you can also do a little bit of voice over work here and there i’m pretty sure you’ll be able to find so many

Freelance assignments that are coming up every single day you can find them on linkedin you can find them on google and easily you’ll be able to make a little bit extra bucks here and there along with that over the weekends as well you can actually work as a promoter in events and you can easily score a decent amount of daily wage which can be around 500 rupees to

600 rupees for guys and it can be around eight hundred two thousand rupees for girls in fact on friday evenings also you will be able to definitely find a little bit of daily jobs for yourselves here and there by probably opting for uh hostess jobs valet jobs etc like this you will be definitely able to become much more humble individual and you will definitely

Be able to make a little bit more money here and there i know initially you have to hustle a little bit extra but believe me once you start making money you’ll eventually be able to make much more better financial decisions you’ll be able to network with the right kind of people and as they popularly say that your network is your net worth so i hope you found this

Video interesting if you did don’t forget to like it don’t forget to subscribe to our channel if you’re new here and also don’t forget to press the bell icon as well so that you get notified every time we upload a new video and if it all you have any feedback any suggestions for us you can let us know in the comment section and if at all you want to learn more

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So i’ll see you again soon in the next video my name is fayas and you are watching in money.com english be wise break free

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Financial Planning for Salaried – How to Save Money with 15k Salary? | Money Saving Tips | Fayaz By IndianMoney English