5. “Pay Yourself First”
This is actually a very good way to automatically save a percentage of your salary for retirement or other savings plans. In this method, a fixed percentage of your salary gets transferred to your savings account, before you can access your entire salary. This way you will end up saving a definite amount of money for sure each month. This might not be a common practice in India but is a fruitful one. This is a financial must do for all salaried people, especially for retirement.
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