Money Saving is Money Earning : a Half Truth

Avoiding unnecessary spending of money and saving it for yourself and your family is a must thing. But you can save only if you have real earning sources. Further, there are limitation for saving money as you can not save more than what you earn in real. Let me explain it this way: If your monthly income is 5000 bucks, you can save only a part of this, but never more than this. If you have to save all of the 5000 bucks, you have to increase you income to the amount which will cover all your monthly expenses + 5000 bucks. Only then you can save more.

What I want to say is that to save money, you have to earn in real.

Many people like to save money by doing thing by themselves, like washing and pressing their cloths and so on. It saves money for many people, but this method of saving money is not useful for all. If you have a lot of time to do things yourself, and if you can not earn more than the amount you would have spent on it if you would have outsourced the work, then this method is good for you for saving money. But time is money, and you should not waste your time in 'Earning money by saving money' by doing everything yourself. Rather you should outsource your work and save your time. Your saved time can give you more money than saving by 'Do it yourself' method.

Always think big. You should concentrate on earning money. More you earn, more you can save.

So you must know that when money saving is money earning, and when it is not?

Further, if you spend money for right things, you can get big returns. But that is an another subject to write. I would like to write a separate article on it, So please wait.......