You certainly want to manage your personal wallet. You want to stay cool and calm with the sufficient money in your account. Follow these 60 golden rules :
Keep moderate spending on shopping.
Try to stay as simple as possible.
3-Stay in the present
Don’t think of the future too much. Stay at present to earn money for the future.
4-Have emergency saving
Try to save some money for an emergency that occurs all of sudden.
5-Avoid Taking loan
Don’t take a loan, if you can stay without it. The huge interest in load will disturb your budget.
6-Keeping saving for retirement
Keep some saving for the day when you will have nothing to do after retirement.
7-Insurance for dependence
Buy insurance policies for your children.
8-Maintain a monthly budget
Strictly maintain a monthly budget to ensure some savings.
9-Maintain your utility bills
Don’t use electricity and other facilities without the need to maintain your utility bills.
10-Determine the actual income
Review your monthly income to determine your resources.
11-Find the substitute for the costly needs
Buy the substitutes for the costly items you need.
12-Don’t invest money on a project if you cannot afford
If you cannot afford the investment, don’t take a step by taking a loan on heavy interest.
13-Avoid the investment traps
Don’t get into the traps of the investors persuading you for investment.
14-Big goals setting and struggling
Make big goals for the future to achieve them one day.
15-Build home when you can afford
Don’t take the home loans on huge interest; you will stay hungry while paying back a loan.
16-Buy vehicles that you can afford
Buy the vehicle that you can afford.
17-Drive vehicle at normal speed
Your vehicle will not need maintenance soon if you drive it at a normal speed.
18-Air tight your home
Keep your home airtight to stop leakage of heat in the winter.
19-Good terms with neighbors
Maintain good terms with a neighbor to borrow things at the time of need.
20-Do not go beyond your means
Spend as much money as you can afford.
21-Save as much as you can easily
Don’t be utterly close-fisted, save as much money as you can save after fulfilling your basic needs.
22-Realize your children of the value of money in life
Start teaching your children about the importance of money in life.
23- Don’t get retired if you can continue
Don’t request for retirement if you have enough strength and permission to carry on. You will lose a regular monthly income.
24-Invest you money in stock market
You can earn profit by investing in the stock exchange.
25-Buy cheap share in the market
Don’t buy heavy shares in the market to avoid a bigger loss.
26-Do not invest in individual stock
The individual stock has more possibility of getting collapsed.
27- International investment serves you better
Invest internationally if you can. You have more chances to settle abroad.
28- Buy bonds
Buy prize bonds to try your luck.
29-Make a plane to do before the retirement
Make an after retirement plan to stay busy after retirement.
30-Meal planning at the start of the week
Plan the weekly meal to ensure saving.
31-Show your competency to your employers
Show your competency to your employers to increment.
32-Buy vegetable weekly
Buy vegetables weekly to avoid more spending daily.
32-Avoid extra shopping
Make a list of the necessary item before going shopping. Don’t overrule your shopping list.
Don’t watch advertisements; they tempt you to buy unnecessary items.
34-Adopt cost-free hobbies
Don’t waste money on costly hobbies. Adopt only cost-free hobbies.
35-Avail free services in your communities
Try to avail of the free services in your community to save money.
36-Don’t care for other’s opinion about your lifestyle
Don’t care for other’s opinions about your way of living. You are not bound to follow them.
37- Don’t follow others in spending
Don’t live the way the others live. They have a different source of income than yours.
38-Have strong ties with people
Have strong ties with people to get their maximum help at the time of trouble.
39-Recount your belongings
Keep the record of your belongings; recount them time and again every month.
40-Don’t play the gamble
Don’t play gamble, it has a possibility of loss.
Do much as needed. Don’t get involved in useless activities to waste time and money.
42-Start a side business
Start a side business to increase your income.
43-Watch TV to a limited extent
Don’t watch TV more often to avoid the temptation of buying new goods.
44-Buy that you direly need
Only buy those things that you direly need.
45-Don’t buy expensive items
Never buy expensive items. The substitute is there in the market.
46-Buy cheap things
Cheap things also fulfill your needs.
47-Dine at home
Never dine outside. Dine at home to save money.
48-Avoid drug addiction
Avoid all kinds of addictions; smoking, tea, and piping.
49-Prepare more food to save fuel consumption
Prepare more food once a week to avoid more consumption of energy.
50-Led Bulb usage
The led bulb should be used to save energy.
51-Use cheap grocery
Use cheap groceries to save money.
52-Fix your problems yourself
Don’t go to the mechanic if you can repair the vehicles or goods.
53-Don’t let others use your vehicle
Don’t let others use your vehicle; the life span of your vehicle will lessen.
54- Unsubscribe useless membership
Don’t involve in those activities that give you nothing in return.
55- don’t leave the food on the table after lunch
If you take lunch outside, take the residue to home.
56-Use public transportation
Use public transport to save money.
57-Be Friendly to your life partner
Be friendly to your life partner about your future plan.
58-Happiness lies in the heart, not in goods
Don’t run after luxuries of life; happiness lies in the heart.
59-Show clear cut response
Don’t feel shy while saving money.
60- Do not share financial secrets with others.
Don’t share your financial secrets with others; they will borrow money from you.
Save money as more as possible by adopting a simple way of living.