HomeBlogInvestor6 Simple Tips to Save Money

6 Simple Tips to Save Money

Are you in distress due to no savings in hand? No more worries. Read these six simple and smart steps that will help you save your money and cut down unnecessary expenses!

With mushrooming living costs and double the expenses, it is difficult to save money. What is more difficult is to get started with the saving habit. Savings are required to fulfill emergency outlays, travel goals, short-term plans, and various other small to big dreams. We have some easy ways to save money for you. Follow these simple tips and soon you will have additional savings.

1.  Take baby steps

If it seems challenging for you to save huge amounts monthly or quarterly, start with baby steps. For instance, you can save Rs. 500 to Rs. 1000 monthly which will add up to a great sum in a year. Of course, you will earn interest for your good deed too.

2.  Do not keep your debts for a long time

Have you noticed you are paying more than your debt amount? That’s because of a long tenure period. Instead of paying interest for the debt, you can earn the same by saving a good sum. Irrespective of the debts you have in your name, be it overdrafts, credit cards, or even store cards, try to pay them off soon and use that to save your lot.

3.  Make a note of your budget

This is one of the essential money-saving tips that not many of you consider. Without tracking our expenses, we tend to spend a lot. For instance, we tend to have an extra coffee, give cash tips, purchase an unnecessary household item, an additional outfit, and so on. On the other side, when we make a note of our expenses, we get critical in spending even a penny. This will allow you to save more and spend less.

4.  Make your saving schemes automatic

Usually, all the savings are done through your bank accounts. In case you are forgetful or you find it difficult to keep note of your dates, you can make your savings automatic. All you have to do is set a date through your internet banking portal and the amount you want to save every month. And it will be done automatically, without your effort. That is a smart way to utilize your smart digital systems and at the same time, save your hard-earned money.

5.  Create short term goals

If you are looking for answers on how to save money quickly then creating goal plans can prove to be valuable. You can open new plans through your saving accounts such as travel goals, wedding goals, new television goals, savings for a dream home, and so on. When we plan out goals, we incorporate a tendency to complete them without caring for our not-so-required cravings for meals or new outfits. Try creating such targets and get over it to complete them. That’s a great way of saving and fulfilling goals at one time. You can also use Recurring Deposit funds in order to automate your savings. Check with your bank for such options.

6.  Pay bills on time

We know everyone nowadays is running on a busy schedule, overlooking the due date of paying bills. This tends to the addition of late fees. It is always better to sort out the mandatory expenses by setting reminders and paying the bills on time. Although it is negligible, after a period of time you will know how much you are saving. You may even set up automated payment systems using portals like Paytm.

Now you know where to start from. If you want strong financial health, then stay tuned for more helpful blogs to save your hard-earned money and let it grow through simple terms. For any additional information, you can check our website www.lendenclub.com. We shall be happy to assist you in any matter.

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


Watch our latest commercial with Hardik Pandya.