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Tips to save money on a tight budget

Running short of money is something that can happen to anyone anywhere, therefore planning comes into picture.

Getting acquainted with your incoming and outgoing finances is always good to keep a track and thereby control the cash flow from your account.

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Tips to save money on a tight budget

  1. 1. Tips to save money on a tight budget
  2. 2. Introduction • Running short of money is something that can happen to anyone anywhere, therefore planning comes into picture. • Getting acquainted with your incoming and outgoing finances is always good to keep a track and thereby control the cash flow from your account. For more details visit : https://www.letzbank.com/
  3. 3. 1. Make a note of your expenses by creating a monthly budget • Calculating your finances will always help you know and track down all the expenditures you need to make in the coming month. • Divide expenses according to the areas your funds will be utilized for.
  4. 4. 2. Pay off your debts • Debts are sometime unavoidable;however, if your salary is spent in a controlled manner and are able to adjust in the existing resources you can certainly live life debt free. • Paying off our debt well in time can help us not fall into that financially tight situation. For more details visit : https://www.letzbank.com/
  5. 5. 3. Use credit card only if you can pay back in time • Credit cards are good till the time you can make the payment well in time otherwise you will just end up accumulating interest and paying credit card bills. • Failing to pay your credit card bills can lead you into a financially tight situation. For more details visit : https://www.letzbank.com/
  6. 6. 4. Try managing within the resources • Manage your monthly budget within the resources available and that you do not have to borrow for any external source. • Remember borrowing money will always come at a cost. For more details visit : https://www.letzbank.com/
  7. 7. 5. Get insurance for yourself, your family and vehicle • A thing providing protection against a possible eventuality. • Availing an insurance helps us fight any emergency situation without having us pay in cash for the purpose. For more details visit : https://www.letzbank.com/
  8. 8. 6. Beware - Do not overspend • If you are not in a financially tight situation then do not over spend and fall in the debt trap. • I am sure that there are many who would run cashless, especially while heading towards the month end. For more details visit : https://www.letzbank.com/
  9. 9. Contact us Letzbank, Plot No. 4,, 1-98/8/9/A, Image Gardens Rd, Madhapur, 500081 Hyderabad, Telangana, India. 040-48586878 support@letzbank.com For more details visit : https://www.letzbank.com/
  10. 10. Thank You For more details visit : https://www.letzbank.com/

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