2022 is going to end in a few days. Many of you are wondering how I can save some extra money this year. So today I am going to share with you. 5 points that will help you save money. Out of this, the last 2 points are quite different and unique, so don't forget to read these points. In fact, to tell the truth, there are five out of five are very bright. I have full faith in many such points which are not been paid attention to till now.
These 5 Points are given below:
1. Check your Credit Card Statement and Bank Statement:
You should check your credit card statement and bank on an annual basis or better yet every sex month. I have full faith a large percentage of people do not check their bank statements or credit card statement at all. When you check on an annual basis, you will come to know that many additional or all other charges have been levied on you, if you find some such tasks anywhere, then you should get information from your bank which you should get from your relation. Remove the charges if your bank manager is not listening. It is saying that brother, this would be an ancient transaction. I can't change now. You have to go directly to the branch.
Each branch has a complete register. If your branch manager asks you, sir, to write us your complaint on a normal page then don't accept it. In every bank branch, there is a yellow envelope complete, inside which if they do not solve it timely, then they have to start reporting to RB, and there these company points will come and go to orbit as well. That's why sometimes the bank will try to solve such points as soon as possible, which are stuck in the confederation never delay so always ensure at least a six-month basis, and if you feel that your number of transactions is very less than at least check on an annual basis whether it is your bank statement or credit card statement.
2. Claiming the Deduction of 80C Completely:
I know a lot of money people who know that we get an additional deduction of Rs 1.5 lakh a year out of his income, but he does not utilize it or else he came very fast on 31st March and asked that urgently invest Invest me here, invest my money somewhere else, and just complete this detection. When you are in Hari, your money is invested in it instead of being in-wasted and someone sticks any thread to you. The best solution for an 80C deduction is that your PF is being invested in PPS company,
You and your family should have Term insurance. Term Insurance is one such insurance that will help you during that time when you will not be in this world, whatever your income is ten times or usually recommended Coverage of Fifteen to Twenty Times should be in your term insurance.
You get your Term Insurance deduction In section 80C and even after this if your limit remains then the best solution remains is ELSS it is a type of Equity Mutual Fund whose full name is (Equity Linked Savings Scheme). Whatever you invest, it gets invested in equity through mutual funds. But you will get the deduction. Lots of mistakes here as well that the new investors normally if they invest in a mutual fund. They think that the target of any fund will be achieved by section 80C. This would be wrong. The Specific Category of Mutual funds is called ELSS. In which there is a lock-in of three years, you will get the deduction of 80C only, so do not forget to take your deduction in full.
If you and anyone else do not have any term insurance so they can get the best term insurance plans for the given links:
1. Health Insurance - https://bit.ly/3pl0kvq
2. Term Insurance - https://bit.ly/3dxHGxJ
3. Bank Charges:
Whenever you run a new bank account or upgrade your additional bank account. Many times we feel that if there are charges written on the bank website, you will have to give them. But this does not happen in reality. Whenever you are opening a new Bank account, take any open debit card or Credit Card and any other additional service you are taking from the bank at that time you are a customer of the bank you have the power to bargain
Going small places, only arguing with the vegetable man and not rebelling. But a place where if any additional charge is charged on our whole year, he would forget to barn the whole life. There is a lot of authority to your RM and Bank Manager to remove your lot of additional charges. we can not remove these additional charges because you and I do not know that we can do it.
If we request, then whenever you open your new account open. Suppose you shift to another company. Due to this, you have to do a new account in a new bank. Go on the very first day, the brother will decide that this and these charges how many charges can remove it depends on the scale of your negation and will remember me so much that if a charge is staged on the bank's website, even if you negotiate property, they request those charges for you. They can be
4. Health Insurance (Important):
Only two types of insurance that we have to take. PLAIN VANILLA TERM INSURANCE and HEALTH INSURANCE. The (PVTM) is discussed above in point number 2. The second one is Health Insurance While you are in bed, your family will requirement for money. Health Insurance will help you. In this, we would have discussed how much deduction is available in section 80D.
You will get a deduction for the premium you have paid for yourself up to twenty-five thousand rupees. Section 80D plus this deduction can be used to pay for the insurance of your spouse and children. If your age is Sixty in those you are taking insurance then this limit will increase from Twenty Thousand to Thirty Thousand.
This will be the part of force symptom of section D, the part of the second deduction comes. If from your parent and one of them is above sixty then you will get an additional reaction of thirty rupees. If it is less than sixty, then they will get a deduction of Twenty Five Thousand. In section 80D when we go to deduction we get three deductions. The first is for you and your immediate family insurance detection. The second one is your parent's insurance detection. The third one is the additional deduction of 5000 that you get. for a preventive health checkup.
5. Education Loan Interest Payment Detection:
Now move towards the fifth point. The final point is Education Loan Interest Payment Detection. Deduction of interest paid on an education loan or of principal paid on the home loan. Both of these are shooting deductions that many people take without asking. If you have taken higher education loan.
For yourself, for your wife, or for your children, from whatever time you start the repayment. Whatever will be the portion of your interest. After eight years in section 80c, you will get its deduction back to back. That's why higher education loans and home loans are good loans. The reason for calling them good is that we get an additional deduction for them.
Especially in income tax, if you are taking any income education loan then a deduction of section 80E will be taken even after these, and if you have taken a home loan then it's a deduction too. You will get the principal payment within the limit of 1.5 lakh of section 80C. So take care of this thing.
