Save Today For A Better Tomorrow

A wise man once said “do not save what is left after spending, spend whatever is left after saving.”

Thus to have a future which is financially secured one needs to learn how to save. Today there are different ways and means available to save such as the deposit account, investment fund. Like it is always said nothing can be executed if it is not pre-planned. Hence even saving requires a savings plan. It is not easy to avail a savings plan within a fortnight; proper planning and guidance is required to come up with the required plan, within a short span of time.

It is important to choose a type of saving plan to meet with different individual needs .Whether you need one to meet with your short term expenses or certain future unexpected expenses.

1.Bonds: One of the main reason why people save is to know that their money is secure. Bonds are basically a debt investment made where you save money with a particular company and also earn interest over it. The only disadvantage is that one would not get their money back until the time of maturity.

2. Regular Savings Account: The best way to save yourself when unexpected circumstances arise is through the amount invested in the savings account. Most savings account require a very small amount for initial deposit hence you can start your deposit with a minimal amount.

3. Money Market Savings Account: For the ones who want to invest a large amount at the beginning and earn an interest over it MMSA would be a perfect option. This kind of savings plan is useful for those who want an easy access over the money they are investing.

4. Certificates Of Deposit: This kind of saving requires larger investment amount as compared to the regular savings pf money market accounts. In this case the bank holds on to your savings for a specified term (few weeks to several years) .A guaranteed rate of interest in provided for the time the money is set aside.

Other than the above options for investment there are monthly investment plans where one can also invest in the best mutual funds. Exide life insurance provides the investors with the facility of saving.

So what are you waiting for? Invest today and save for a financially secured future.