So, yesterday I was giving a test for the position of copywriter at a company. I lost the track of time while giving the test, and I had to finish the last section of the test in only 5 minutes. The last section comprised of essay writing. From 4 to 5 topics, the topic that got my attention, was “3 steps to save 100k before 25”. Although I was allowed to use google for this part of the test, I figured that it is better to write whatever jumbled thoughts I had in mind, than to search google and waste time reading and paraphrasing.
Do you think it is possible to save 1 lakh in your account before you turn 25? I think it is impossible, yet I tried to write an essay, that seems I am giving valuable advice.
Few points I remember that I wrote in 5 minutes, I am sharing here, for your thoughts:
Don’t you just love the scent of money? I am sure you do, just like me. We all love it. And we all want to save money. But can you save 100k before you turn 25? I am 23 and my bank balance is almost nil. All I can do now is work 9-5 and do overtime to generate money. Since I will always be spending on stuff at this age, it wouldn’t be possible to save.
We only realize the value of money as we enter teenage. Which means we have wasted 13 or 15 valuable years in our life which could be used to save the greenery.
It seems that we require magic or miracle to help us out. The real magic is in the mind and some planning would do the trick for us. I wish I had the thinking genie for me when I was a child. Never mind!
Stick to a budget:
Yes, we can’t do this in young age. But as we reach maturity, we can plan a budget and stick to it, not spending a penny above it. Calculations are necessary. If you save 18 rupees everyday at the age of 10, you will have almost a lakh in your account when 25.
Don’t be a price tag! Shop wisely, don’t spend money on anything that is unnecessary. Compare prices. How many times has it happened to you, that you spend 100 rupees on something that could be bought for 50? Happened to me many times. Buying a book for 100 that can be bought for 50, won’t make you a celebrity. Have brains. Price doesn’t change the content of the book, it remains the same.
Hit the jackpot:
We only get one life. It’s now or never. Gamble a little. Go for scholarships, we spend almost lacs on our education. That money can be saved.
Start saving early, put the birthday money that your granny gives you in a piggy-bank! Because,
Money is less spent when in the bank than when in the hand. ~ Mehwish
It’s not that difficult to save money, when you know the secrets”.