Hobbies will remain alive and pockets will also remain full! 5 'magical' ways to save money without reducing your lifestyle, start the third one today

If you plan your lifestyle needs properly, you will be able to save money and fulfill your hobbies as well. 5 smart ways teach you how to use your hard-earned money wisely for both your happiness and your future.

Party with friends on weekends, dinner at a good restaurant once a month, subscription to the latest web series and a vacation trip once a year... Actually, today's lifestyle is something like this for most people. But amidst this dazzling life, one question always haunts the mind - "How to save?". It happens that most people think that saving money means keeping away all your hobbies and happiness from yourself, but let us tell you that this is not the case at all.

Yes, everyone should do smart planning to save money. So today we are going to tell you 5 smart and practical ways to save money, by following which you will not have to compromise on your lifestyle, and at the end of the month you will have a lot of money left in your pocket.

New funda of saving: Live with pride, save with smartness!

1. The 30-Day Rule

Often, when you see an expensive phone or great shoes in an online sale and feel like buying them immediately, then wait here and that too just for 30 days. According to this rule, one should wait for 30 days before buying any unnecessary thing. Many times it happens that after 30 days, you will not find that thing so important and your money will be saved. This is the biggest weapon to stop impulsiveness (shopping without thinking).

2. Don't make a budget, make an 'anti-budget' (The Anti-Budget Method)

Do people find it a hassle to make a budget and follow it? Then you can try the 'anti-budget'. At the beginning of the month, put 10% or 20% of your income (as much as you want to save) directly in a savings account or SIP etc. After this, spend the remaining money as you wish. This way you will be able to save money and you will not have to worry about keeping track of every small expense.

3. The 'One-Splurge' Rule

A smart way to spend freely on one thing that gives you the most happiness without giving up your hobbies is to spend freely on the one thing that gives you the most happiness. For example, if you like to travel, spend freely on vacations, but then you will have to hold back on other things. This will also not make you feel like you are compromising and you can also save money.

4. Declutter Your Subscriptions

To watch online movie series, money is deducted from the subscription every month. So, one day, sit down and check your bank statement and immediately cancel those subscriptions which are not necessary. Although this is a small saving, it will become a big amount at the end of the year.

5. 'Party at home, cheaper than outside' (The DIY Entertainment)

Instead of spending thousands of rupees on going out and partying with friends, invite friends at home. Making party items at home and enjoying them is better and much cheaper than going to a restaurant. By doing this, you will be able to spend quality time with friends and also save money. (Note: This article is for information only and should not be considered as investment advice in any way, it is suggested to consult financial advisors for investment)

PC:Zeenews