An SMS that we receive at the beginning of each month when your salary gets credited. It definitely delights us as it is the most desirable message that we receive from the bank. But the SMS is followed by a range of expenditures like EMIs, credit card bills, utilities, and groceries. Thus we need to pay these bills to survive and sustain in the society. Simultaneously, we often come across issues like unnecessary expenses so there need to be creative ways to save money.
In this article, I will discuss some of the easy savings tricks to pile up our wallets. The good news is that we can do so by avoiding unnecessary expenses, so let’s start.
Bank charges
Savings can be easily done if we are a little careful. To start with, there are the bank charges that we come across. You will often find that whenever you use the ATM, an amount gets deducted. But sorry to say, many people hardly pay attention to those SMS deducting INR.10 to INR.20 and later complain of the expenses incurred. Since 2014 as per the RBI norm, the bank will deduct a fixed charge over and above the prescribed limits.
Gone are the days of unlimited ATM usage, even if you use your savings bank ATM or others. But there are creative ways to save money by having your savings account either at the following banks:
• Bank of Baroda
• Canara Bank
• Citibank
• IDBI Bank
• Kotak Mahindra Bank
• Punjab National Bank
The aforesaid banks do not charge any fees on the usage of their own ATM. So it is an easy way to save money. Though it may be little in amount, such recurring amount can be of a large sum.
Even the banks offer a maximum of 5 transactions at other bank ATMs and charge a nominal fee if the user gets over the prescribed limit. So it’s easy to save money if you shift your savings account to either one of the above mentioned banks.
Savings habit
It is always advisable to have a savings goal, then it becomes quite an easy way to save money. Hence, make it customary to keep aside 20% to 30% of your monthly earnings as savings. An easy savings trick you can try by parking the money in a liquid fund. This is to ensure that you will not withdraw it unless required. The phenomenon will be highly effective to initiate your long-term savings goal.

You can use your bank account for the purpose by using savings Flexi of Flexi fixed account. A creative way to save money offered by the banks having features of both the savings and fixed deposit. The customer opting for such an account gets the interest on the fixed deposit despite holding the savings account over a prescribed amount.
Therefore, an easy savings trick that the customer can opt for without shelling out any additional amount off their wallet. Rather this can be easily done by keeping aside a little amount from your earnings as savings.
Track the expenses
Each of us has credit cards and pay the bills regularly. Seldom have we gone through the bills, but it is a good habit to keep a tab on your spending. A simplistic way to save money is to look at the bills carefully. The phenomenon will be effective to take measures to cut down unnecessary expenses.

There are several mobile applications like CRED, Paisabazaar, and others that help you to analyze what you are spending. It is definitely a creative way to save money as you come to know what you are spending and the specific items that can be easily avoided.
Multiple subscriptions
We live in the age of the OTT boom having easy access to Amazon Prime Video, Disney+ Hotstar, Netflix, SonyLIV, Voot, and ZEE5 among others. Each of these subscriptions comes with a price and I am sure that most of us have multiple subscriptions. So it is an easy savings trick to cut down multiple subscriptions as we seldom stream all of those.
Usually, we stream one to two OTT platform, so it is useless to have so many subscription running. It is a creative way to save money as you need to choose only the specified one or two OTT for entrainment and cancel the subscription of others.

Canceling e-mail subscription
Savings is an art and there are multiple ways to save money on a tight budget. Suppose various marketing agencies send you attractive emails having coupons and offers to make you buy from them. It is a smart marketing campaign and for you, the simple money management tip will be to unsubscribe from the mailing list. If you do not get those attractive GIFs insisting on buying, you can easily save money from unnecessary spending.
Eat home-cooked food
Our generation loves to eat out frequently and undoubtedly, it creates a hole in our wallets. If you collaborate the monthly lunch and dining bills, it will be a substantial expenditure amounting to INR.5000 or more. The simple way to save money on a tight budget is to have home-cooked food.
Better not to spend on oily, unhealthy foods prepared at the neighborhood restaurants and food joints. It is better not to waste money unnecessarily by eating out, better to prepare food at home and pack it for office. It is one of the easy savings trick that most of us simply ignore.

Visit your neighborhood library
Many of us love to read books and buy our favorite authors without thinking about the price. The simple money management tip is to have a membership in our neighborhood library to borrow books for reading at a nominal price. It will be an ideal place for reading and mingle with like-minded persons who are avid readers like you.
These are some of the many easy savings tricks that you can apply in your daily life to gain the useful benefits from the savings strategy.
Let me know if you like my creative and easy ways to save money on a tight budget by following the aforesaid strategies at your convenience.
Happy Savings!!
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