Spend less than you make

There is a saying in hindi:

jitni chadar hai utna hi paav pasarna chaiye

Meaning:

"Spend less than your make". And too many people try to make more than they spend, which is a never ending battle.

To be true this is very difficult tasks to accomplish specially if you are living in cities, eating out, movies, party etc so many things and if this is not complete, gadgets , cloths and holiday or weekend trips etc will put holes in your pocket.

The funda here is to understand where you are spending more, and prioritize some of the expenses for example not every weekend you want to eat out and buy an expensive gadget. Supplement some of the expensive items with less costly ones or less costly places to eat out etc.

Also make sure you have some amount automatically deducted from your salary account, since it will not be their in your bank account you cannot spend it.

And do not use credit card!!! You never know how much money is spend while using credit card!!

Will keep adding more tips.......

Keep tracking with www.trackspends.com

-Shubh

Wonders of SMS....

SMS has created such a trend in today's media that any TV Realty show's success or failure depends on SMS be it Big Boss, Dance/Music Program or any of the big reality shows. As people we do not think how much time and money goes in sending these SMS, and why not since it gives us a sense of involvement in these shows. Similarly other media Radio, Newspaper etc now use SMS as major communication and public involvement tool. Overall SMS has become a huge success, and people have started using SMS on daily basis. Why ? Because its simple, its cheap and can be used from anywhere, anytime , anyplace, hence it is one of the biggest communication channel.

Now think how we can use SMS for our personal benefit, save money, manage our finances and fulfil our financial goals . Welcome to trackspends.com, it is a simple and elegant tool for tracking your spends via SMS.

One of the biggest problem in managing finance and saving money is to track or record all your day to day expenses. Everyone (Including House wives, professionals and students etc) try to either write daily expenses in dairy or in computer but never succeeds. Personally I tried writing it down many times but never able to continue it. After sometime we either forget or are too tired to write it and slowly we stop it.

This is where www.trackspends.com helps you, Register once in website (It's Free of cost). Now whenever you do any expenditure like Shopping or Having lunch or Filled petrol etc anywhere, anytime just send SMS to Mobile Number: 09916364091 . For example send SMS: "100 rs in petrol" to 09916364091 and it will record your expenses in your account. Also you can enter your expenses directly in the website. Login to trackspends.com with your account and see all your expenditures (Date/Month wise) Simple!!!. What's more it also sends weekly and monthly records of your expenses to you.

So now tracking expenditure and saving money is just a SMS away, keep tracking and keep saving. And make Year-2010 your most prosperous Year.