SAVING ….beyond the habit…

Well, last week I said that I will start discussing about the various avenues available for savings and investments.

Now, savings simply put means that part of your income which is not spent. whatever be the income if the individual or the family decides to defer some consumption then savings takes place,.

saving is a process and savings is what is accumulated through that process. The amount thus saved may be put aside in a bank account,any mutual fund scheme,post office accounts,gold or simply held as cash.

The amount thus saved by households is very crucial for economic growth of the country. When a group of persons or a society saves money the individual savings gets converted in to aggregate savings. The amount saved should be properly deployed to earn some income for the saver to qualify as an investment.Money kept idle does not help either the saver or the country. We will see the subtle difference between savings and investment in the days to come.

There are many avenues to keep our savings securely as also  to grow the savings.The most common and simple option which most of us use is the bank. Banks provide savings bank account,recurring deposits, fixed deposits etc..Then there are post offices where Kisangani visas patria,Public provident fund,National savings certificate etc are available.There are reputed companies who accept deposits from public,There are Government bonds..In fact the avenues are plenty.We will see them one at a time and understand their salient features so that our savings gets invested safely and also grows reasonably to beat inflation.

Now what is inflation and how does it affect your savings.

will discuss next.









During the last one year I have shared some of my thoughts about money,savings,and investments.Though I have to honestly admit that I have all along been dwelling in the basics like the inputs we receive about money,our ideas about money, accounting,children and money etc..I didnot want to go to the next level without sufficiently dealing with these basics because any attempt to build a tall building without the necessary base is always  risky.Today we see every one wants to get rich quick not bothered about the ethics,honesty and integrity.May be many of them grow very fast but if you keep watching at least some of them you will notice that all of them invariably fall from grace someday and that too fall very badly.On the other hand those who stick to the values our elders have taught us are always safe and steady and enjoy their peaceful nights.I will be happy if as readers of this blog you follow the path of truth,honesty and integrity in every aspect of your life which will bring your children also to the same path and as it continues to grow will lead to a honest India.

That said we will start from individual savings,domestic saving and its effects on the society in the next post.





Two of my friends who have been following whatever I write in magazines or social media and lately my thoughts in this blogposts have recently observed that  I have been on the runway for too long without actually taking off.They also felt that I am still dwelling on the basics without offering the real and useful ideas about money making.If I have to grow my audience and earn some thing from my blog then I have to speed things up is what they felt.

As I mentioned in one of my early posts I have started this blog  primarily to see if I am able to put down my ideas about money,savings and investments along with the ethical aspects of earning money.Also I wanted to keep things simple to encourage  people not so savvy to be encouraged to understand money  and it’s value without being influenced by biased inputs.For those who can afford there are glossy magazines, investor learning programmes,portfolio management services and many other means to grow their wealth.But for the middle class and other lower income people  the day to day life itself is a portfolio to be managed and only then comes the question of savings and then investment.It is this group which needs all the help and handholding to understand that they too can save,they too can invest and gradually improve their financial well being to lead a better life.I have taken the initial few steps in this noble cause and will be happy to proceed along steadily. The day I come to know that at least five percent of such people whom I mentioned above are my readers in this blog  I will only be really happy.Money from the blog will be a byproduct then…