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How to save money on every month

 

Money can buy everything. And every month we exploit this attribute of money to the fullest. From hoarding on expensive snacks and unwanted knick knacks to branded apparel and the the zillionth pair of shoes, our indulgences know no bounds. And as if the big weekend spends were not enough, there are petty purchases every day that burn a hole in our pocket even without telling us. These are the 5 things you need to stop wasting money on right now.

Expensive coffee

Low-fat and decaffeinated or a tall mochaccino with whipped cream, coffee choices are dime a dozen. With each new addition on the menu and more and more coffee chains cropping up in the city your tastebuds are tempted to give in to the exorbitant prices charged for a simple cup of coffee.

Bottled Water

The idea of paying for one of the most freely available sources on this planet seems absurd. It may seem like a few bucks at first, but at the end of the week it is nearly the price of a dinner. Although it may not be safe to drink water from contaminated sources you can carry a bottle of water on your way to work or play to stop spending on bottled water.

High mortgage rates

Home loan payments every month can take away a big piece of your earnings. And with high interest rates on your current loan you end up paying more than you should. Interest rates on home loans are dynamic. If you did not research enough while taking your loan there is always the option of transferring you loan to a bank with cheaper rates and increase your savings.

Paying ATM Fees

The ATM usage rule is loud and clear. If you use an ATM from a bank that's not your own more than three times, you will often be charged a fee by that bank. And sometimes even your own bank can charge you for transactions over five times. The small fee is a wasteful expense and can add up to a big number at the end of the month. All it takes is a little effort to walk to an ATM of your own bank.

Impromptu Lunch

Weekdays keep you on your toes and making your own lunch means planning ahead. No wonder why ordering food online seems to be the workplace norm. While there may be offers that attract you to buy more food at a cheaper prices, in the long run it is both affecting your health and your bank balance. Home-cooked meals are not just cheaper, but also healthier since you can control their hygienic preparation.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

Invest in Tax Saver Mutual Funds Online

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