We all know about the obvious money leaks that have the potential to bring us to the point of financial ruin — gambling, credit card debt, too much risk taking and the like. How about the small ones which add up to large sums over time? Cutting back on a few thousand rupees each month and committing the money to an SIP can turbocharge your wealth creation engine over the long term. Consider some of these.
Electricity is expensive, but here’s what makes it worse. The more you use, the more expensive it becomes. The “per unit” cost could go up by 2 or 3 times depending on your usage slab. You’ll be surprised to know that a few simple measures may end up dropping you a slab — and saving you a few thousand each quarter.