2. Borrow books instead of buying it: Do you like reading books but waste your money by buying it often? What is the need for buying new books, instead borrow it! You always have an option of library. If you have a library card then that is the right place for you. Libraries have almost all the possible books available and are generally well stocked. Yes, it’s true that used books do not give the same feeling as leafing through the crisp pages of a brand new book. But considering that you can get used books for almost as much as half the price of a new book, it is a small price to pay.

3. Spend less on entertainment: Entertainment is important in one’s life but not beyond an extent. Although, you can plan to see two or three movies in a month in a theatre, but it is not at all mandatory that you must see all the blockbuster movies that release on every Friday. Some of the movies you can buy or rent the DVD’s and watch on your computer system. This can make you save more money at the end of a year. You can also watch movies on websites like Youtube.com instead of watching it in a theatre as you will spend at least 600 rupees per person plus the popcorn and cold drink charges that come around 750 rupees.