1) Right Mindset

• See saving as a tool for family security, not a burden.
• Always evaluate “needs vs wants” before spending.
• Start with small savings and increase gradually.
• Plan for the future without guilt over small daily expenses.

2) Planned Budget

• Record monthly income and expenses.
• Divide expenses into categories: food, transport, education, entertainment, savings, etc.
• Review the budget each month and cut unnecessary costs.
• Prioritize savings according to the budget.

3) Daily/Monthly Saving Habits

• Save a fixed amount daily or weekly.
• Use automatic transfers or separate savings accounts.
• Focus on saving instead of unnecessary expenses.
• Small savings accumulate into large amounts over time.

4) Emergency Fund

• Create a fund for unexpected expenses.
• Keep at least 3–6 months of monthly expenses as emergency savings.
• Use this fund only for genuine emergencies.

5) Investment Strategies

• Grow your savings through safe investment options rather than keeping all in a bank account.
• Types of investments: government bonds, fixed deposits, mutual funds, or stock market (considering risk).
• Plan investments according to long-term family goals.
• Patience is key; avoid schemes promising fast profits.

6) Saving Tracking

• Create a list of monthly expenses and savings.
• Analyze reasons for increases or decreases in savings each month.
• Set savings goals and monitor progress regularly.

7) Family Involvement

• Include all family members in saving plans.
• Encourage children to develop small saving habits.
• Allocate savings according to long-term family goals.
• Discuss the importance of saving openly within the family.

8) Example Budget Table