Use a bike or Public transport instead of 4 wheeler car<\/strong><\/span><\/h6>\nSuppose, the distance between your house and your workplace is 10 km approximately. So, every day you have to make a two and fro journey of total 20 km. If you go alone to your office then you can use a bike or public transport instead of a four-wheeler car. Let\u2019s make it clear with an example.<\/span><\/p>\nThe to and fro journey between your home and workplace is 20 km.<\/span><\/p>\nAn average 4 wheeler car gives a mileage of 8 km per litre petrol.<\/span><\/p>\nSo you need to buy a petrol of = 20 km \/ 8 = around 2 litres.<\/span><\/p>\nYour approximate consumption of petrol or diesel for a month is = 2 litre \u00d7 30 days = 60 litre.<\/span><\/p>\nSo, your total cost for a month= 60 litre \u00d7 Rs. 80 = Rs. 4800\/-.<\/span><\/p>\nNow in the case of a bike,<\/span><\/p>\nAn average bike gives a mileage of 30 km per litre petrol.<\/span><\/p>\nTotal distance covered by a bike = 20 km \u00d7 30 days = 600 km.<\/span><\/p>\nYour approximate consumption of petrol or diesel for a month is = 600 km \/ 30 km = 20 litre.<\/span><\/p>\nSo, your total cost will be = 20 litre \u00d7 Rs. 80 = Rs. 1600\/-.<\/span><\/p>\nYour total savings is = 4800-1600 = Rs. 3200\/-<\/span><\/p>\nIf you invest this Rs. 3200\/- per month in any equity oriented mutual fund you will get around Rs. 1 Crore after 25 years assuming 15% CAGR.<\/span><\/p>\nAgain, whenever you go for a holiday or nearby tour, just try to make the journey by train instead of a four-wheeler car. This will save a lot for you.<\/span><\/p>\nQuit smoking and alcohol<\/strong><\/span><\/h6>\nMany people have a common perception that term insurance plans are not worth buying as they don\u2019t provide any monetary benefit on survival. It is a proven fact that nicotine causes cancer, but due to bad habit people cannot skip the habit. If you are a habitual smoker or consume alcohol you actually not only destroy your health but a lot of money in smoking.<\/span><\/p>\nSuppose you take 2 cigarettes in a day. One cigarette costs almost Rs. 7.5\/-, then you spend = 15 \u00d7 30 = Rs. 450 in a month. If you invest this Rs. 450\/- per month in any equity oriented mutual fund you will get around Rs. 12 lakh after 25 years assuming 15% CAGR.<\/span><\/p>\nGet rid of junk foods and soda or soft drinks<\/strong><\/span><\/h6>\nWe all are aware of the fact that consumption of junk foods like pizza, burger, fast foods or street foods easily available in the market and soft drinks not only increases obesity, cholesterol etc. but also increase diabetes and other incurable diseases. But due to habit whenever people go outside, they consume junk foods which cost higher. If you come out the habit of consuming these junk foods and drinks, you will save a lot to secure your future.<\/span><\/p>\n\u00a0Get rid of spending on sale<\/strong><\/span><\/h6>\nShopping malls or shops, as well as online e-commerce companies, offer different discounts or cash back offers time to time, especially on occasions like Diwali, Durgapuja, Holi, New Year, Christmas etc. Many persons get tempted to these lucrative offer policies and buy such products, though they do not need them. These items remain unused, but a sufficient amount is spent or wasted. In a whole calendar year, all these unnecessary shopping amounts to a big spending. Obviously, you will have to bear the burden. You as a smart person should avoid such kind of act and save & invest the money.<\/span><\/p>\n