Savings

The way to save money

Of the many that have taken place thanks to liberalisation, a major one is that today’s youngster are earning more than ever before. In some cases, they draw even flatter salaries than their parents. But Are they blowing it up or sensibly saving it? Some of them go in for mutual funds and tax saving bonds. Some even go in for investments which give them tax breaks – insurance home loans, mutual funds savings schemes. In fact the average person taking a housing loan has come down from 35 to 25 in the last five years, now where they get their investment advice from? Some feel it’s a combination of friends, family, broker advisers the media. And the net.

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