8. Two incomes in one home is an add on

This is not always true, as two incomes often create a temptation in you to spend more, and might result in less savings. So if you have two incomes in a family and if you can actually manage with one income, then try to save the excess instead of spending. This might look like a bit of sacrifice, but you could always use the savings for an exotic family vacation.

9. Buy on discounts and save money

It’s sale time! Most of you wait for this particular time, isn’t it? Most often people buy items out of satisfaction, not out of need. The situation gets even worse when you drive out of your way to buy it. Most of the people shop at big stores and malls thinking that they are saving money, even if they drive miles there and back, spending too much of fuel and time. In addition to that they may also buy big boxes of food items and sometimes end up eating more "because it's cheaper" than they normally would have. Also remember that if you purchase an 100 item at half-price, you didn't just save 50; you have also spent 50.

Read More:

FIIs, Sovereign Funds To Keep India Mkt Full Of Liquidity: RBS

Ten Things You Should Always Buy Used