The biggest hindrance to investing money in order to make it grow is the fear of losing it. 
 
To overcome the fear, we start saving money by putting it in 'safe' instruments like banks, fixed deposits, or in the form of gold. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

If you consult any financial advisor, they will say invest in some financial instruments. 

We tell you five simple ways how you can save more and not lose out your hard-earned money:

1. Start investing early: This is not something you might be hearing for the first time. However, we still not follow. But it is utmost important to start investing as soon as you get your first salary. 

This way you will get enough time to manage finances for your long term. The early you start investing, more returns you will get at the time of maturity. Simplest way is investing in Systematic Investment Plan (SIP) through Mutual Funds. It will help you in developing habit of investing and saving money.

Have multiple loans? This what you need to look at before closing them

  • Start young: Financial independence for first time investors should begin with SIPs
  • Here's how young parents can save for their child's education
  • Invest monthly to avoid "month-end" nightmares