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4 Ways To Save Money To Ensure You’ll Never Be Broke

Don’t make your finances challenging to handle! There are multiple ways to save money without even thinking about it. It sounds too good to be true, but it’s simple. Have you thought about it? Is all the money you’re spending on necessities? If not, you need to save money. Spending on what you like is never wrong, but there should always be a planned approach to avoid overspending and being left with no savings by month-end.

There are several ways to control your spending to have more money for the things you need. By making a few simple changes to your everyday routine, you can save yourself loads of money in the long run. You don’t even need fancy portfolios or money consultants to manage your money; just be smart.

1. Make a Budget and Stick to it!
Once you have your budget ready, you’ll have a clear picture of where all your money is going. Keeping track of your expenses and the percentage of your income that you want to allocate to them can help you manage your expenses better without overshooting your budget and being left with nothing by the month-end.


2. Fight the urge to splurge
There is a difference between a need and a want. You must first have a clear understanding of a need and a want in your case. The line between needing and wanting something can be a blur sometimes, with us ending up spending on things we could avoid exhausting our savings on. Next time you feel the urge to buy something, ask yourself if you need it. Most of the time, the answer will be NO. And that’s how you’ll master the key to fighting the urge to splurge.


3. Save some for a rainy day
Always keep a portion of your money aside as savings. It does not have to be much; even 5% or 10 % each month will add up to a good figure by the end of the year. This percentage may vary depending on what your expenses look like, but each individual should always put money aside that they can come back to when they need it for anything urgent or essential in the near future.


4. Invest and earn more
In times like these, where never-ending bills and limited savings haunt all of us, investing is the best way to save money for the future. Everything is so accessible and convenient that investing is a few easy clicks away in these digital times. Rather than going for a traditional fixed-income asset class that fetches low returns, one good option these days is Peer-to-Peer lending. LenDenClub has delivered 10 to 12% p.a.* consistently since 2017. Also, it is safe since it is RBI (The Reserve Bank Of India) regulated. You can have your funds invested across multiple verified borrowers for minimised risk through diversification. Rather than keeping it in a bank account and getting no or low returns, why not enjoy the benefits and earn in double digits, creating an alternate income from these very savings? Check out LenDenClub.

*On platform level.

LenDenClub is India’s largest alternate investment platform which started operations in India in 2015. We have been helping investors diversify their investments beyond traditional investment instruments ever since.



The Reserve Bank of India does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by Innofin Solutions Private Limited, and does not provide any assurance for repayment of the loans lent through its platform.

LenDenClub is an Intermediary under the provisions of the Information Technology Act, 2000 and virtually connects lenders and borrowers through its electronic platform via the website and/or mobile app.

The lending transaction is purely between lenders and borrowers at their own discretion, and LenDenClub does not assure loan fulfilment and/or investment returns. Also, the information provided on the platform is verified or checked on the best efforts basis without guaranteeing any accuracy of the data/information verification. Any investment decision taken by a lender on the basis of this information is at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower, fully or partially. The risk is entirely on the lender. LenDenClub will not be responsible for the full or partial loss of the principal and/or interest of lenders’ investment amounts.


*P2P investment is subject to risks. And investment decisions taken by a lender on the basis of this information are at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower.

** Average value mentioned is the weighted average of returns received by investors

© 2023 LenDenClub by Innofin Solutions Private Limited | CIN: U74999MH2015PTC266499


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