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Responses to Saving Tips At least save at the rate at which your nation is saving i.e around 25 per cent. The amount of money to be put in debt instruments should be pegged to your age - if you are 30 years of age - not more than 30 per cent of your savings should be in fixed income instruments while the rest could be put in stocks or mutual funds (growth schemes). as you age this proportion will rise proportionately. — Tushar Bharatiya DO NOT SPEND, especially on the Internet! — Phil Baker Do not hang out with friends who are users - the ones who believe in learning from you and then implementing or else you might end up having your ego being boosted to heights and spending equally. — Smith Do not overspend...the credit card actually tempts you to spend more. Do save...it's a good habit and great conditioning for your mind. — Prashant Rao Take a loan on your house. The current rate of interest is 13 per cent. Invest this amount in debentures or in co-operative banks. — Venugopal This writer obviously does not believe in saving: Save today! Die tomorrow! — Anonymous The only way one can save is by being disciplined. You have to force yourself to keep a particular sum aside every month and refuse to touch it unless it is a life and death situation. — Sonali Remember...you get more petrol for your money on a cool day. So fill up your tank early morning or in the night! — Anil Jacob When I go out with my friends, we go 'dutch' all the time. Or else, you may end up paying the bill way too often. If you socialise a lot, the pennies add up to quite a bit. — Rajeev Kelkar The best way to save is to stop eating out. It's amazing what the savings work out to. — Shalini Menon Use your card for planned purchases like monthly groceries. This will get you a credit-free period of up to 50 days. Credit Cards is a great way of managing one's reimbursements. Spend on the card, claim it from the company and pay up as soon as you receive the statement. — Rohit Malik Do not use your credit cards for buying big ticket-size items like a refrigerator, television, scooter or washing machine. Instead, take a loan from some finance company. Do not use your credit card for purchasing petrol, oil, railway tickets and jewellery since the merchant establishment charges 2.5 per cent extra on these. Instead, plan for these purchases in cash. — Apurva Arora

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