5. Stop buying fast food:  This is annoying as junk food is one of the priorities for students. However, remember a small saving will pay off well in future. If you make a note of how much you spend on fast foods per week then you will come to know that half of that amount you could have used for buying groceries at home. Just prove yourself that how much you can save by tracking your fast food spending for a week and then try to use that same amount of money at the grocery store for the following week. You will be surprised to see that how much more you could be saving for each rupee you spend.

6. Have clear financial goals: This is very important. Sometimes if we see that we have more goals than the money we owe. Buying a house, saving for retirement, and repay the loan amount are some of the bigger financial goals and to achieve these you need a big amount of specificity supported by smaller planned objectives that we can work toward day by day. You need to ask yourself certain questions, like what kind of house you dream of? What is the age you are planning to retire and how much will you need to save each year in order to retire on time? Answering these questions will motivate you to have a clear vision about future savings.

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