‘Save Money’ is the only advice which we receive from our parents, and we know how important it is. Don’t we? But, it is a battle that only legends conquer to live happily ever after with it. But what about us? Well, saving money is not an option but an essential survival kit. But how will you build your personalised kit to nurture all your needs? Well, when you need it, think of The Panel Station. We are here with some essential tips to save money that will boost your wealth and help you to plan everything accordingly.
The Game of Addition and Subtraction: Save Money Now
One should keep aside a fixed amount to be saved every month. Yes, if you are beginning your journey to save money, then you need to follow some golden rules.
Divide your income into three parts – Essentials, Desires, and Extras.
Essentials are your rent, groceries, EMIs, etc. A major part of the income should go into fulfilling the essentials. Yes, it is important to pay your rent and settle your EMIs more than eating out at your favourite Chinese restaurant. Only when you have covered the essentials move on to the desires. Desires are lifestyle-related expenses like a fancy dinner date, buying new clothes, online gadgets shopping, etc. Remember to put a clear demarcation line between the essentials and desires. The problem often arises when we start considering our desires as essentials. So, if you are thinking that getting a new iPhone is more important than paying EMI or hosting a party for friends is more important than paying rent, we would say: Dear friend! Change your priorities.
But how much can you spend on your desire and needs, and how much should you save? You can make a 50-20-30 rule: where 50% of your salary goes to the essentials, 20% towards desires and a balance of 30% towards savings.
Unnecessary Debts: Might Cause Problems
We all have friends who are ready to lend us some money when we are in need. But borrowing money should always be restricted to fulfilling essential needs. Unnecessary debts can land one in problem because it is always easy to take but difficult to give. So if you have been taking money from friends for a party or buying expensive lifestyle items, remember to settle it back at the earliest before it becomes a noose around your neck. Similarly, stop swiping your credit card at every item you wish. It is not a magic wand. Credit card interest rates are on the higher side.
Start Investing: It Is the Smartest Move
It is never too late to start investing. But before starting investing, you must also know how to manage your money. It doesn’t matter if the amount is large or small; investing money in the right place can be helpful in hay days. So, check out the right option for investment and take suggestions from the right people before investing.
Track Your Spending
This might sound like a tedious task, but believe us, it will help you to save a lot more. Though you don’t have to keep a count of every penny you spend, it is a good practice to list down your expenses. That way, you will know how many unwanted expenses you make in a month or week. So, if you are old school, you can maintain a journal jotting down all your expenses. Or, if you are techy, you can use apps to keep track of your income and expenses.
On an End Note,
Now that we have given you some tips on how to save money, here is an easy way to make some quick money that you can use to party hard or just add to your savings. Follow the steps below:
- Download our app
- Register with us
- Participate in surveys regularly
And what do you get if you join us? You don’t have to kill your desire to get something or go out somewhere because of a lack of money in your bank account. You can earn reward points worth instant Paytm cash daily. Along with it, we give you a chance every month to win the monthly prize draw, i.e. sweepstakes and TopReader contest. You can buy the tickets from the reward points you collect and wait for your luck to rock and roll.
Sounds like a plan? Better than savings for this moment? So, start sharing your opinion and get rewards that can truly change your life and help you live the lifestyle you want to.
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292 Comments
Excellent experience
Love how simply the writer has put the easy formula of getting into a money saving habit.
Thank you for your advice. Fortunately I have been following these rules for years. Good advice it works for me. Regards.
Useful information.
Thank you for your advice.
Benissimo
Very good explain
Hmm so amazing but really saving is a bit hard here in Kenya more so if your earnings are low but still we can try and make it however they are because without saving their is no happy future
Will definitely use this excellent advice and ideas
The best strategy towards having available income always.This 50-20-30 strategy is helping me so much in achieving good savings after salary for the future am glad I got this from panel station platform nice.
It is too late that from now save money for future.
Investing is more profitable than saving
Good planing
Investing is more profitable than saving and your blog is very good
Systematic investment plans is the suggestions
Все вышеизложенного советы очень интересные в сохранении и накопления денег. Можно без проблем применять и следовать им в достижении своей цели
การลงทุนและการอดออมคือสิ่งที่ดีมาก
It’s a lot of fun to make money from you.
Thank you for sharing your knowledge to us!
Truly said, this will so helpful for the College students. This article is so good.
An excellent read….liked and loved it
Benissimo
I fully agree with your Idea!
I must say this article can change the perception of “Money”.
Great and helpfull money saving tips. I will definitely keep it mind from this month and gowing foward.
I completely agree with your idea😊
I completely agree with your idea😊 and it’s really good idea 👍💡👏
I completely agree with your idea!
I must add that this piece has the potential to alter how everyone in society views money.
Wowwwww thats amazing
Money tells about save money . If you save me today, I will save you tomorrow. It’s not about how much money you make it . It’s how much money you save it for present and future .
Thanks for the advice well appreciated
Congratulations Manmeet Kahlon! You are our September’s “TopReader” and have won 500 points. Keep commenting and strengthen your chance of winning.
Very nice survey platform hai the panel station Mai bahut hi trust karati hi espe muze bahut hi pasant aata hai survey complete karana
Thanks for your valuable opinion and it good for us who is have more expensives like rent, emis, food etc.
This will be more help full for us as a second income for savings
الادخار هو اسلوب حياة مفيد جدا شكرا لك
The readability is excellent. The writer put the formula for saving in easy terms. The flow of the essay is also excellent.
Wow! Masterpiece
It very trusted website real money giving I’m impressed
I was amazed by your content and the experience was awsome thats all it from me.!😊
It is really good advice to spend or save our income.
Good write up. Simple presentation. Principles worth adopting.
Nice and very good words. Keep it up. All the best .
How lovely and beautiful 😍❤️
Great and helpfull money saving tips. I will definitely keep it mind from this month and gowing foward.
This is a wonderful piece of advice for one who has no financial discipline.
GOOD READ
Money play very important role in life and when it come financial dependent we have to plan
미래를 위해 돈을 저축하고 유용하게 활용 할 수 있는
좋은 조언입니다.
Nice topics & good evaluation
Excellent experience
It’s epic and educative
The best way to earn extra money.Completely trusted.
Best information and good thinking
I liked the core idea of the blog to divide the money into three parts and not to mix desires with essentials which is what most of the people do and end up with no money
Good idea how to make extra cash
I’m really inspired
Good thought
Your app is not user friendly…so i m not working easy
semoga berkah
Good
Great information ♥️
I like spending my money on unnecessary stuff but today I have learned that I don’t need to spend my money on unnecessary things, in fact I need to start saving!!!!
Good article,gave me an idea as to how to handle my finances.Not sure about the dividing into 3 .
This article is mindblowing, it is just speaking to me directly. I understood the philosophies between the lines of investment, savings and nurturing money.
What an insightful article 👏…as millennials theres bound to be spend on things that you dont even need but want! I think this article would help alot of people! Well done @Thepanelstation
Great writeup and suggestions 😀 Impressed.
I learned that to understand money intricacies.Money had to be your best friend.It must be treated with respect and possessiveness and I’ll do the same to you.Money must be treasured.Its only then that our relationship with money would be smooth
Quite insightful and interesting . I love the 50-20-30 idea. It’s worth giving a try
It is the safest & cecure way to earn money. Thanks.
“Food for thought”, these are insightful points on how to manage or save money. Like the say “Little drops of water make the mighty ocean”. Small amounts can on one day give rise to big things.
These essential survival kits will definitely guide us through the paths to living a happier and more fulfilling life.
Nice concept for saving money for your desires and future
Thank you for the advice
I filled a true information but my survey is tell a better luck next time and missed why?
Thank you for writing to The Panel Station. We continually strive to improve your experience with our quality service.
With reference to your query, we request you to share your registered email address to proceed. Along with it, Kindly share the Survey ID of the survey for us to investigate further.
You will be able to find it in the survey invite mail at the top right side of the page. If you do not find it there, please send us the survey invite email to process your query further.
Thank you.
I like spending my money on unnecessary stuff but today I have learned that I don’t need to spend my money on unnecessary things, in fact I need to start saving!!!!
Good as gold; the piece is articluative in terms of it’s arrangement, useful in it’s contents, enlightening on the app and finally awesome in general.
Being honest, Right from the moment when the idea was conceived to the outline of the topic a lot of work has been done and i can assure you that this is the piece of work that many people out there need that will surely transform thier lives.
Thanks for sharing with us.
Super
This app is really good. I earned a lot of money. Awesome app.
Very good
It’s nice way to make/save money.
Hard working
Good and informative article.It explains the necessity of saving and investing today can build a brighter future tomorrow.Even small amount of investment is a step to better future.The article beautifully explains the formula how to invest and spend(50-30-20).Definitely it strengthened my view to invest and will now be trying to invest wisely and more.
Thanks for the help.
Great financial tips addressing rudiments of life money management,thanks@Tps
Saving money is pretty hard at first but once you get started it becomes a norm.
So if you’re struggling to start saving money just know that it’s normal and you’ll conquer your fears once you get started
It’s always difficult to manage money specially when your friends visit you all this article has cleared my mind I would try not to spend too much on desires and focus on the formula 50:20:30
Very good way to make money and to learn things
Good and informative article.It explains the necessity of saving and investing today can build a brighter future tomorrow.Even small amount of investment is a step to better future.
wow financial freedom,am tied around debts
Cam on ban vi nhung loi khuyen huu ich tren
Saving money is very good , it is important to make it part of ones life . I love keeping part of my income
Good as gold; the piece is articluative in terms of it’s arrangement, useful in it’s contents, enlightening on the app and finally awesome in general.
Being honest, Right from the moment when the idea was conceived to the outline of the topic a lot of work has been done and i can assure you that this is the piece of work that many people out there need that will surely transform thier lives.
Thanks for sharing with us.
I beg to differ in a few areas. Firstly this is not the “only” advice given by parents, surely? Certainly not mine and, had I been a parent, I’d have had more advice.
Second…I’d budget for essentials then savings with a little left over as either non-essentials or to be added to savings or maybe carried over to next payday. I certainly would not budget for those non-essentials. I would always prioritise saving.
A very good and eye opening article, more specifically where it takes about tracking your money. You would be surprised at how much one spend and without even tracking small amounts on non essentials
Helpful
Perfect 👍
A very interesting article.
This is quite informative, even for a non millennial…
Definitely will practice some of the tips
Very good
Great article
Nice… good job
Thanks for the elaborate and elucidative guide adressing one of the essential requirements for our lives.
I would like to add this small advice , please don’t
Be tracked with marketing tracks and buy only what you really need not what in sale or what is more beautiful than you have
I can’t log in in to the downloaded app
Hello Bonface Kibigo Njoki,
Thank you for reaching out to us.
We are sorry for the inconvenience that you were not able to log in.
Please follow the below process for logging into The Panel Station via The Panel Station Mobile Application.
We request you to kindly try the below troubleshooting tips to help:
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A very good plan expecially for bad spenders .with this advice it’s bound to make a positive influence in my savings and income today.
Rightly said
I have tried panel station.it is a true site and useful but most surveys I share are not suitable gor for me
This us so helpful.
Money should be spent wisely and used for the right purpose.
Thank you panelstation for this great tip.
It has been educative.
نصائح هامه ورائعه
Thanks for sharing, brilliant tips !!!!
Interested article .
Nice writeup
Good as gold; the piece is articluative in terms of it’s arrangement, useful in it’s contents, enlightening on the app and finally awesome in general.
Being honest, Right from the moment when the idea was conceived to the outline of the topic a lot of work has been done and i can assure you that this is the piece of work that many people out there need that will surely transform thier lives.
Thanks for sharing with us.
Investing is very good. And it increases income.
Useful info.. thank you for sharing.. investing is good👌
It’s good to invest your money but you’ve got to be careful and snart about it to avoid incurring more losses.
The harsh part of reality is you need to make that money before attempting to manage it. And with TPS, you can earn some stipends during your free time.
Always awesome
Excellent tips to save money and how to track our spendings.
Excellent platform for all who want to earn extra for their personal and charity expenses.
Would like to do more surveys and give my opinion. Would also like to add a point that the age limit shouldn’t be a point to give opinion as older people have better experience then youngsters.
Thank you and gratitude
Eye opening article. We tend to prioritize what we really don’t need. But sometimes in as much as we try to save its never enough, we survive on hand to mouth everytime. Sad reality. We can only try after all!You’ve simplified something that has been the bane of almost my entire life. I knew there are essentials which are needs and desires which are generally luxuries. Never had the extras column. But the rise of prices for everything and inflation, some luxuries have really become basic necessities like a car which is more of a convenience than a nice to have. I’m going to put the shared ideas from the article to good use and practice. I need to just spend 50% on essentials not more. Thank you 😊
Very nice and amazing contant this para graf
You’ve simplified something that has been the bane of almost my entire life. I knew there are essentials which are needs and desires which are generally luxuries. Never had the extras column. But the rise of prices for everything and inflation, some luxuries have really become basic necessities like a car which is more of a convenience than a nice to have. I’m going to put the shared ideas from the article to good use and practice. I need to just spend 50% on essentials not more. 🙏🏾
Something to think about
Eye opening article. We tend to prioritize what we really don’t need. But sometimes in as much as we try to save its never enough, we survive on hand to mouth everytime. Sad reality. We can only try after all!
Beautifully worded. Definitely a must-share.
Awesome app
Best way to earn money
1 HOURS AGOREPLY
It’s good to invest your money but you’ve got to be careful and snart about it to avoid incurring more losses
it is good perfect no words
Perfect
Very nice idea of dividing the income in three parts. I liked the idea, it taught me something new.
Liked the thought, would be putting in real life.
It was very interesting topics to learn a lot about how much we make and save money at same time. Thank you
Eye opening article. We tend to prioritize what we really don’t need. But sometimes in as much as we try to save its never enough, we survive on hand to mouth everytime. Sad reality. We can only try after all!
Great article 👏
Interesting app. Very innovative approach. I will refer others.
Good. Liked it.
Very nice
Eye opening article. We tend to prioritize what we really don’t need. But sometimes in as much as we try to save its never enough, we survive on hand to mouth everytime. Sad reality. We can only try after all!
It is the safest & cecure way to earn money. Thanks.
Pannel station amazing servey app/website.great work pannel station
Pannel stion amazing earning servey app/website amazing reward paytm cash or vochers
Eye opening article. We tend to prioritize what we really don’t need. But sometimes in as much as we try to save its never enough, we survive on hand to mouth everytime. Sad reality. We can only try after all!You’ve simplified something that has been the bane of almost my entire life. I knew there are essentials which are needs and desires which are generally luxuries. Never had the extras column. But the rise of prices for everything and inflation, some luxuries have really become basic necessities like a car which is more of a convenience than a nice to have. I’m going to put the shared ideas from the article to good use and practice. I need to just spend 50% on essentials not more.
This is the best survey site I have ever used in my life. Sometimes when I am facing any problem with my account and I contact them they resolve that issue very fast. Overall I love this site.
Good
I needed this ,,I have had poor finance management,thank you
Very good article and eye opening 1 as it gives more details about it
I’m inspired by the 50-20-30 rule
Very valueable information,thankyou
The best way to earn extra money.Completely trusted
Helpful
Best platform
Earn money by answering surveys
Very nice platform
Amazing
It’s amazing
Very informative article.
Amazing always
The most effective way of saving money is ,think a thousand times before spending it. Unless it is a need don’t spend money. Rather go foor needs than just for show off.
But nevertheless investing is a good idea .
Follow the propertionate pattern of spending, saving and investing of money.
Mony transaction speed improve
And withdraw time short in 2 days
Can you give me suggestions like about financial problems related?
Very nice and informative article. Gained more facts and knowledge. The panel station is best for doing surveys, expressing my views & earning rewards
nice The most effective way of saving money is ,think a thousand times before spending it. Unless it is a need don’t spend money. Rather go foor needs than just for show off.
But nevertheless investing is a good idea .
Follow the propertionate pattern of spending, saving and investing of money
Excellent
I can learn about save money. And really this article is very important. Very good article. Because when I received any Money from our parents, and we know how important it is. So this articles helps me make a better people about “save money”.
Learning How to save money is an important life lesson wihch give us number of benefits Through out our lives by helping us gain financial freedom, its great article about save money,keep going..
It’s a nice app. I like it very much.
Very nice piece of information to get benefited.Really thankful to The Panel Station.
Very nice survey platform hai the panel station Mai bahut hi trust karati hi espe muze bahut hi pasant aata hai survey complete karana
It’s a very useful information given to us for our benefit.
I thnk it’s a good way to start some new habits in our daily routine.
Nice app ismai survey karna bht accha lagta hai
Panel station bht he accha plat form hai money gain karne ka ye mujhe is pe bht trust hai i like it
I was amazed by your content… Good read ✌️
The most effective way of saving money is ,think a thousand times before spending it. Unless it is a need don’t spend money. Rather go foor needs than just for show off.
But nevertheless investing is a good idea .
Follow the propertionate pattern of spending, saving and investing of money.
I was impressed by your content… Good read ✌️
Best survey platform
I love it
Nice 👍
The most effective way of saving money is ,think a thousand times before spending it. Unless it is a need don’t spend money. Rather go foor needs than just for show off.
But nevertheless investing is a good idea .
Follow the propertionate pattern of spending, saving and investing of money.
Osm content.excellent
Very interesting the best survey pletform
I practice saving money too but it’s a really hard task and more articles like this should be published for people to understand the importance. Thank you.
Good advice
Excellent read….love it so much
Nice piece 👌
Think wisely!!
Great.👍👍
Great..👍👍
Osam content Excellent
👍 I like it.
I love it
A Nicely made guide this is!😉
Useful, very informative…
I love it
Great Knowledge Great Experience
To prawda. Najpierw ustalmy sobie priorytety najważniejsze opłacenie rachunków należności zaspokojenie podstawowych potrzeb a później przyjemności. Warto ustawić sobie cel i co miesiąc odkładać nawet symboliczną kwotę. Ważne aby robić to regularnie trzymać się celu.
It is useful guide.
Um post extremamente valioso! Vejo que muitas pessoas não compreendem a importância de economizar, e acabam se enrolando em dividas todos os meses.
Essas dicas são muito importantes!
Good experience
Really enjoy it…
What a great ful guide …
Awesome wrote up.. every thing is covered perfectly.
Excellent/ Useful
Very useful information ☺️
Excellent/ Useful writeup
Nice guide, i like it
Wow!
Great advice
Great money saving tips.
Best write up I’ve seen on how to attain financial stability
Great……
It’s very nice
It’s very nice…….
It’s very good for save money
This is a well detailed article. It is very important to start saving now for future before it is too late. Thank you for highlighting the tips for saving money and we can earn extra income.
Great content.
Tne topic was evergreen one. It was very useful to tell us about saving in the most simple way. Tha k you for having such a wonderful article
Very informative and ward taking action
Osam content Excellent
This is balanced and practically educative.
Thank you for the guidance. This will surely help me and others.
Thank you for this guide it will be very helpful from now onwards. I’ll be making use of the 50-20-30 rule I can already see how it will assist me in spending money so that everything is balanced. +
Realy very useful for today’s generation.
An amazing article on how to spend as a scholar .I will follow this always.
Good, linked it
Very excited
It is good one to spending money in a right away..its a eye opening article
Thanks for you information i flw this rule in my life thanks for your advice thankyou
Interesting
Nice one
Definitely one of the best posts I have read this year! Thank you so much for this!
This is very useful blog I like it. (September)!
Wooow. I have learned how to use my income. This is truly Amaizing
Wooow. I have learned how to use my income. Am loving this app day by day
Splendid points on how to save money
A simple, easy and perfect way to save money. Very helpful
Love how simply the writer has put the easy formula of getting into a money saving habit.
The future is unpredictable! Hence, savings and investment becomes the alternative possible solution to future financial plan
رائع
What a lot of useful tips on how to save money. Right now, my problem is I am not working but soon I will be so these tips are definitely something I will keep in mind as the paychecks roll in.
This is so useful to many young people even senior citizens like me
save money and then spend it in the end. .. ha ha ha..
Nice
Nice work.
All good advice there but one other thing might also help. Your monthly bills are easier to pay if each payday you Bpay some money onto them.
Thank you for this great advice. They are good ways to save money, starting with good planning to save money, through rationalizing expenses, and then investing money through different investment methods, including the panel station platform.
Thank you for your advice, nice to see these about earn money and save money good articles great news
It’s very important
Very nice ideas for saving money….thank you
Thank you for the wonderful and great tips on how to save and invest incomes. This is eye-opening facts that need to be put into practice.
مدونة رائعة وتقدم نصائح حيوية وهامة للادخار والاستثمار المنهج وبطريقة علمية وكذلك استثمار الوقت في برنامج لوحة المحطة
This article is very useful and I will apply this tips in my life.
Thanks for advise
This is a good advise and I love save money
Excellent
very useful info, sometimes easier said than done. but to start is the magic
Thank you for your advice and I agree with you 👍
The best advice in this article is keep a track of your spending. It does not have to be difficult, I use a 16 column Analysis book where I track all my major item like power, rates, food, phone, insurances, etc. You head the columns with your own personal headings. After you have done this for a year you have an excellent idea of your average monthly costs. You then have a good idea of where your money is going and what disposable income you have to save. I track my spending daily, which is usually not more than 5 or 6 entries. This also shows you where you can make cuts on unnecessary spending. You will be surprised how quickly savings can mount up. I am on both a government and private pension, and some income from investments, but my income annually is not a lot. In spite of this I still save enough for an annual holiday, and a recent big ticket item purchase.
Thank you for your advice and I agree with you 👍 🙏
Nice article with good advice
Great information thank you
Great info..will follow
مقال روعه
A writer who believes in the power of words and wants to become a successful author, she puts humanity before any religion.
Great way to help us understand the value chain of money. In my opinion I think it very important for such topics to be mostly talked about at a micro level, in school. Teaching us mathematics and accounting has got nothing to do with the reality we are facing now. Yes u can count and u r good with numbers but can you handle the money, can u budget. Thank you.
As a millennial, I find these tips quite helpful. I have a lot of things that I want to acquire with money that I don’t yet have and I regularly brainstorm ways to make the most out of my savings and investments
It helps me lot👌
This type of article are great bcz by this my money saving habits is more
Great article
Great article, came in handy. Thanks
thank you for the great advice
A helpful guide for everyone!
The article is piece to read and think about ..good saving and investment tips precisely that 50%-20%-30% equation ..i like it !!!
It’s so helpful.and a wonderful thing
Save money: A guide for everybody!
It is very useful information.
Good article. Though hard for those that live from hand to mouth.
Saving Money helps a lot for investing and later use.
موقع جميل جدا
Amazing techniques to save money! It’s important to do so for one’s future.
معلومات جيدة ومفيدة
Very useful article,i will follow this steps starting from the new year. Hope it works
الاستثمار هو المجال الذي يتمنى الجميع الدخول فيه وجني الثروات. ولكن له مخاطر مدمرة
انه مقال رائع ومفيد ولكن مخاطر الاستثمار تكاد تكون كبيره جدا ف يجب الحذر
وعدم استثمار جميع الاموال التي نمتلكها ف الحال
تقنية رائعة لحفظ الاموال وافكار مستقبلية ملهمة
“A guide for Millenials and earn money” is a strange way to title this, but we at least get the idea. I’m not sure, though, why this concept would be aimed at just millennials. Gen X, Gen Y, and probable even half of the boomers out there could do these same tasks.
توفير الاموال ممتعللحياة الممتعة
A resourcefu means of changing mindsets and reasoning of how to handle wealth and resources to avoid unnecessary and extravagant mode and means of spending. Kudoooos!!!!!!!
It was a wonderful and useful presentation.
Thank you.
Great job 😃
this is a big money management refresher course. And in addition,. never spend what you are yet to earn or what you are expecting
مقالة مفيدة للادخار وكسب المال او الاستثمار
Great and helpful money saving tips
i will try save money
Investing money earns you money, saved money is potential withheld, that’s just my opinion but the writter had the right ideas.
Valuable information 👍
Thrift and moderation in spending is a virtue in itself. A lack of it can seriously complicate daily life and lead to considerable hardship. In an age of ubiquitous consumerism, it is easy to fall into a mania for mindless spending. This can lead to a condition known as shopaholism, which is similar to other forms of addiction and can be treated in residential centres. In order to avoid such dangers, one should follow the principle that “too much is unhealthy” or “find moderation in everything”.