A rupee saved is a rupee earned
We all know of people who are trying to take up a second job in order to increase their earnings. We are advocating that if we really mind our money, we can save and that will directly translate into your earnings.
And if you are one of those persons who feel that there is no way any saving is possible in your current scenario, I would really urge you to read the following lines carefully, in your own interest.
Some of the ways that money flows out of our lives even without our knowledge are :
a. Penalties and interest charges for delayed payments relating to our bills,insurance, credit cards, school fees to name a few
b. Our past habits of spending of which we have no clue of
c. The interest loss on our already matured investments
d. The money due to us from others who have borrowed
e. Interest on interest through the usage of revolving credits in our credit cards
and more and more and ….
Since most of us do not read our bank statements or credit card statements properly, we are not even present to the various entries there. In fact, many are not even aware of the due date of payment.
We do not have a system for recording the dates of payments and for reminding us of those entries well in advance. Hence the power of the Alerts module in Enrich software.
With awareness, we can really cut down lot of unnecessary (by our own definition) expenses and that will lead to savings.
Can we start taking our money seriously from now on?
