Consider that … you won a thousand dollar lottery! What will you do with that money? Will you spend it all or will you save? Will you buy those latest gadgets that you were pining for? Will you splurge it on your loved ones with gifts? Will you put it in a bank and not touch it?

My first thought – to put it away in a fixed deposit so that I don’t do anything stupid with it. It is wayyy too easy to spend money. Especially when you think that this money is money which you didn’t have anyways, so spending it will not create a dent in whatever you have planned. (Because the logic makes sense, it is kind of even more dangerous )

Life Hack #7 : Pay Yourself First (Finance)

Recession or no recession, the habit to save is necessary and beneficial. As you look for ways to save money, forming the pay yourself first habit will smoothen the saving process -

‘Pay Yourself First’ is a golden rule of personal finance popularized by David bach in his books – Start Late, Finish Rich, The Automatic Millionaire etc, by Robert Kiyosaki in his books Rich Dad, Poor Dad, Increase Your Financial IQ etc.

Life Hack #3 : Keep Track Of Your Money (Finance)

Huh ! Where did all my money go ?

If you have had this experience even once, you know why keeping track of money is important. And if you haven’t had this experience, trust me, you don’t want to have one