Saving for the exigency and the future is the best option to protect your family.
The traditional method is to keep aside a part of earnings as Reserve (business firm) or bank deposits (individuals and non-profit institutions).
Modern and the current method is to spend first ,that too not from the current income but from future earnings. You wonder how!
Use Credit card, Overdraft or Hire Purchase or any other source of credit for your purchases...... before you get the next salary or earnings............. Later to pay the amount out of the actual income.
Naturally, the first outgo from your pay packet or business income is towards the expenditure already spent ....which is called the savings.
Many people have a meticulous approach through which they could create the tangible assets by taking advantage of the credit card or EMI options.
In short, Eat the Cake first and Pay later policy. But don't overstretch your purse.
The traditional method is to keep aside a part of earnings as Reserve (business firm) or bank deposits (individuals and non-profit institutions).
Modern and the current method is to spend first ,that too not from the current income but from future earnings. You wonder how!
Use Credit card, Overdraft or Hire Purchase or any other source of credit for your purchases...... before you get the next salary or earnings............. Later to pay the amount out of the actual income.
Naturally, the first outgo from your pay packet or business income is towards the expenditure already spent ....which is called the savings.
Many people have a meticulous approach through which they could create the tangible assets by taking advantage of the credit card or EMI options.
In short, Eat the Cake first and Pay later policy. But don't overstretch your purse.
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