Financial Tips for Middle Class People - RockXpo

1. Always carry a water bottle whenever you go outside and a handy tiffin for long trips. (Very simple, very important, hygienic and so economical)
2. Make your children solve their queries by practice since a very young age or they will be dependent on expensive tuitions later on.
3. Keep an extra packet of condoms handy in your closet to avoid beautiful accidents.
4. Purchase goods on EMI's only when you can pay at least 30 to 40% down payment, avoid 100% finance schemes.
5. Travel in off seasons to avoid 2 to 3x extra prices. (And unbearable rush)
6. Use public transport when travelling alone, vehicle with family.
7. Some products have 200% extra life at 20% extra cost, buy them to save money in long run, (I use Levi's jeans for same purpose)
8. Don't order starters at restaurants, eat a heavy meal instead, upto 50% savings.
9. Everybody must get a fix pocket money every month including children and bread earners so that they can plan and control their expenses.
10. Grocery shopping once a month saves impromptu purchases, fuel, time and sometimes results in economy on bigger packages.
11. Even if you earn too less and struggle to meet ends, never forget to keep a very petty amount as saving every month and invest it. (Start from INR 500 if possible, but start)
12. If possible husband and wife both must earn to get a comfortable disposable income in hand.
13. Focus on leisure activities like playing sports with kids in garden, playing indoor games, and avoid regular visits to mall and other expensive places.
14. Keep handy jute or cloth bag in your vehicle to avoid paying 10 rupees for a 1 rupee bag every time.
15. People consider medical insurance as a waste of money but some things are unavoidable in life however confident or cautious you are, take a family cover of ateast 1 lac INR.
16. There are weekly markets almost in all cities, everyone from a labourer to an industrialist can buy good quality of fruits and vegetables at almost half the prices, don't shy away.
17. Before buying second hand products at takeaway prices,never forget to think about high running costs, think and then decide.

Last but not the least-

A happy family spends less while an unsatisfied family seeks support from monetary pleasures, so focus on staying happy and spread love:)