5 tips to save money in 2023 | How to save money?
first point comes that you have to check your credit card statement and bank statement every six months If you do, then tell me by commenting, I am sure that out of all the people who are watching this video now, 80% people do not even check their bank statement or credit card statement. You will check on Annual Basis So you will come to know that many additional or unnecessary charges have been imposed on you, if you find such charges anywhere, then inform the relationship manager of your bank and remove the charges if your bank manager is not there. Brother, this is a very old transaction, now I cannot change it, you have to go directly to the branch, keep it carefully in every branch, I am telling you the inside point, which is usually not known to everyone. There is a complaint register in every branch. See, if your branch manager is saying that sir, then write on a normal page and give your company. If you don't solve timely, then you have to report to RBI and there these complete points will also go in your audit, so anytime the bank will try to solve such points which are mentioned in their yellow color complaint ratio as soon as possible and will never delay Always insure on atleast Six Month Basis and if you feel that your number of transactions is very less then on Annual Basis atleast will check your account statement once whether it is your bank statement or credit card statement.
the second point, the second important point comes to claim the deduction of ATC completely. I know many people who know that in 8c we get an additional deduction of Rs 1.5 lakh per year from our income, but they Do not utilize or they come running on 31st March and say that now urgently invest me here, put my money somewhere, just complete this deduction of mine, when you live in Hari, instead of investing your money at that time It goes into waste and someone pastes any wrong product to you, the best solution is to see the deduction of ATC, if your battered PF is being spent in the company, then which is absolutely OK. Apart from this, you have two options, first you have more Your family should have term insurance, see term insurance is such an insurance that will help you and your family at the time when you will not be in this world, whatever your annual income is, its minimum is 10 times and usually it is recommended 15 to 20 Times coverage should be on your time insurance then you get the reduction of term insurance in section 80c and if even after this your limit increases then the best solution is ALSS This is the type of equity mutual fund whose full name is Hai Equity Link Saving Scheme, whatever amount you invest , it gets invested in equity, through the funds,its deduction will also be available, here also a mistake which many new investors make if they normally invest in any mutual fund. They think that every mutual fund will be exempted we will get section 87, this is wrong, there would have been a specific category of mutual fund called Alice in which there is a locking of 3 years, only those pay You will get 80c deduction so don't forget to take your ATC deduction in full if you or any family member do not have your insurance yet. In the description you will find important links where you can properly compare term insurance And you can take the best time insurance for yourself,
the third point, whenever you open a new bank account or upgrade your additional bank account many times we feel that if any rate or charges bank It is mentioned on the website that you will have to pay but in reality it does not happen whenever you have opened your new bank account like credit card, any debit card, any additional services you are taking with the bank. You are the customer of the bank, you have a power to bargain, we do not go to small places and argue with the vegetable seller and do bargaining, but at such a place where if any additional charge is imposed on us for the whole year It's going to take a lifetime to bargain there You forget that your general and your branch manager have a lot of authority to waive many of your additional charges, but why don't they wave because you and we don't even know that we can waive them. If we request, whenever you have opened your new account, we suggest that you are currently shifting to another company, due to which you are required to open a new account in a new bank. Friend, I will not give this and this in charges, now how many charges can be waived for you it will depend on the scale of your negotiation, and remember me that if any charges are mentioned on the bank's website, even after that if you We request that the charge can be waived for you. You go very important.
the fourth point comes related to your health insurance i.e. section 80d. We have to take only two types of insurances. The first one is Hai Plain Vanilla Term Insurance whose Direction you will get the point number which we discussed i.e. in section 87 next important insurance is health insurance when you will be on bed your family will get money retirement health insurance will help you in this how much deduction is available in section 80d Let us discuss that you will get a deduction of up to Rs 25,000 for the premium you have paid under section 80D, plus you can get this deduction for the insurance of your spouse and children if you are above 60 years of age. If you are insurance clear then this limit will increase from 20000 to 30000 then it will be part of first election of section 80d second reduction part comes if your points are above 60 then you will get addition reaction of 30000 If it is less than 60 years, then it will get a reduction of 25000, that is, in section 80d, when we go to take a reduction, we get three reductions, in this the first one is yours and the insurance of your immediate family. It is the direction of your parents' insurance and third comes the additional deduction of 5000 which you get for preventive health checkup .
now we move towards our fifth point, the final point comes in front of us, the reduction of education loan interest payment or home loan principal payment section. This is both an important deduction that many people forget if you have taken a higher education loan for yourself, for your wife or for your children. You will get back to back reduction for 8 years in section 80, as much as your interest is nurtured, that's why I always say that higher education loan and home loan are good loans, the reason for calling them good is that sir In these, we get additional reduction, especially in income tax, so if you are taking any higher education loan, then section 80 deduction will be beneficial and if you have taken home loan, then its reduction is also within the limit of 1.5 lakh under section 80c. If you get the principal payment.
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