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Power Of Pocket Money : 8 Easy Ways to Save Your Money

Power Of Pocket Money : 8 Easy Ways to Save Your Money


Power Of Pocket Money 


Every parents or our grand parents try to give some pocket money to their children in routine. Some of children buy unnecessary things like snacks, toys, or games  from their pocket money but some children smartly manage their routine expenditures with their pocket money. They generally try to save their pocket money for future use. Some of them save pocket money only for six months to one year and use that money for Tv , Mobiles or any thing as per their requirement...


Today in this blog we will discuss about the value of pocket money or very small saving that, How it can be convert into huge amount that no one can imagine easily.......

You can use your pocket money to make in  investments that could grow with long time.... and make it even more money in Crores the future ! Every child have maximum time to grow money by small saving from his/her pocket.

Routine Saving 


One more question arise in our mind that what is Investment?

An investment is one of the best asset in our life if we make discussion in time ly for investment. Time can play most important part of investment beacuse in childwood period maximum time can be devoted in investment. when you put your money into something with the hope that it will grow in value over time.


You can't imagine with the help of only Rs 1000 pocket money grow with 25% each year upto 25 years can be more than 1 Crore.  If  we invest it properly with the help of SIP ( Systematic Investment Plan).

Saving Into Investments 



Now question arise how can we get atleast 25% from our pocket money ?

We will discuss it one by on below:

  • You know every year inflation increase upto 7 to 8% and were we have to invest our pocket money?

  • If we deposit our money in banks that is not good sector for investment beacuse bank give us only 3 to 4% in our saving account.

  • On FD only 5 to 6% amount can be grow yearly.


  • Investment in Gold can be good or safe which can beat inflation beacuse gold can give upto 8 to 10% yearly returns.

  • Investment in mutual fund can give 15 to 20% returns yearly.  It can be good option for investment but processing fee of mutual fund investment is very high and hidden from  companies sides which directly effect on our pocket money. 

  • You can also invest your pocket money in bonds which can give you stable and guaranteed growth that will be up to 10 to 15 percent.

  • For more growth upto 25 % or more in yearly, you can invest your pocket money in Stock market..... here some people think that stock market is gambling... as they generally listen and fear from stock market,  but long term investments in stock market is one of the best platform which can give you more than 25% or more growth as per your expectations........

You can easily and instant withdraw you profit at once in your bank account as per your desire....


Easily Withdrawal 



Here are some simple steps to get you started:

1. Start Small:

You can easily start your pocket money for investment with very small amount . You don't need a lot of money to start investing.

You can also start investment with other currency like dollar or any..

Investment Analysis 




2.  Do Your Research:

Before you invest your pocket money, it's important to do your homework for investment in different sectors .You can find lots of information online or ask it from your financial advisor for help.


4. Set Goals:

Set goal before investment. Your goal can be for your higer qualifications, buy a car, New House or travel the world ? Setting goals will help you stay focused and motivated.

5. Be Patient:

Investment is pure and pure patient game... It takes time for your investments to grow.  You have to wait and control your emotion for achieve big goal in investment for huge money... don't fear when market became down.. that will be good time for more investment.  Remember slow and study wins the race.......

Money Tree 



5. Diversify your investment: 

While investing your pocket money, don't put all of your eggs in one basket. So,   Spread or diversify your investments across different assets to reduce your risk. If your investment become low in one sector then surely it will grow in other sectors... This will help you balance it out your growth....



6. Reinvest Your Earnings:

Reinvest your money again and again when you got good opportunities.... It will help you good returns on your investment. 

Achieve Your Goals 




Closure:

So why not give it a try? 

It is simple guide to turning your pocket money into big investments. Remember, investing is not just for grown-ups. With a little bit of knowledge and patience, you can start building wealth for your future today and beautiful life ahead..... This is how much Power Of Your Pocket Money!....

For more suggestions you can guide us with your valuable feedback...

You can also visit our new blog series on following link



urning Pocket Money into Big Investments: Every parents or our grand parents try to give some pocket money to their children in routine. 

Some of children buy unnecessary things like snacks, toys, or games  from their pocket money but some children smartly manage their routine expenditures with their pocket money. They generally try to save their pocket money for future use. Some of them save pocket money only for six months to one year and use that money for Tv , Mobiles or any thing as per their requirement...

Today in this blog we will discuss about the value of pocket money or very small saving that, How it  can be convert into huge amount that no one can imagine easily.......

You can use your pocket money to make investments that could grow over time and make you even more money in the future ! Every child have maximum time to grow money by small saving from his/her pocket.

One more question arise in our mind that what is Investment?

An investment is one of the best asset in our life if we make discussion in time for investment. Time can play most important part of investment beacuse in childwood period maximum time can be devoted in investment. when you put your money into something with the hope that it will grow in value over time.

You can't imagine with the help of only Rs 1000 pocket money grow with 25% each year upto 25 years can be more than 1 Crore.  If  we invest it properly with the help of SIP ( Systematic Investment Plan).

Now question arise how can we get atleast 25% from our pocket money ?

We will discuss it one by on below:

You know every year inflation
increase upto 7 to 8% and were we have to invest our pocket money?

If we deposit our money in banks that is not good sector for investment beacuse bank give us only 3 to 4% in our saving account.

On FD only 5 to 6% amount can be grow yearly.

FD in Post office can be grow only upto 7 to 8% yearly

Investment in gold can be good or safe which can beat inflation beacuse gold can give upto 8 to 10% yearly returns.

Investment in mutual fund can give 15 to 20% returns yearly.  It can be good option for investment but processing fee of investment is very high and hidden from  companies sides which directly effect on our pocket.

You can also invest your pocket money in bonds which can give you stable and guaranteed growth that will be up to 10 to 15 percent.

For more growth upto 25 % or more in yearly, you can invest your pocket money in stock market..... here some people think that stock market is gambling... as they generally listen and fear from stock market,  but in long term investments stock market is one of the best platform which can give you more than 25% or more growth as per your expectations........ You can easily and instant withdraw you profit at once in your bank account as per your desire....

Here are some simple steps to get you started:

1. Start Small:

You can start your pocket money for investment with very small amount . You don't need a lot of money to start investing.

2.
You can also start investment with other currency like dollar or any..

3.
Do Your Research:

Before you invest your pocket money, it's important to do your homework for investment in different sectors .You can find lots of information online or ask it from your financial advisor for help.

4. Set Goals:
Set goal before investment. Your goal can be for your higer qualifications, buy a car, or travel the world ? Setting goals will help you stay focused and motivated.

4. Be Patient:
Investment is pure and pure patient game... It takes time for your investments to grow.  You have to wait and control your emotion for achieve big goal in investment for huge money... Remember slow and study wins the race.......

5. Diversify your investment: while investing your pocket money don't put all of your eggs in one basket. So,   Spread or diversify your investments across different assets to reduce your risk. If your investment become low in one sector then surely it will grow in other sectors... This will help you balance it out your growth....



6. Reinvest Your Earnings: Reinvest your money again and again when you got good opportunities.... It will help you good returns on your investment. 


Conclusion:So there you have it – a simple guide to turning your pocket money into big investments. Remember, investing is not just for grown-ups. With a little bit of knowledge and patience, you can start building wealth for your future today. So why not give it a try? Who knows, you might just end up with a lot more than just pocket money!
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