why would one need to save money? to secure your future. you wish to safeguard your family in rainy days. life is uncertain. you do not know when you will need a money in life. for example medical expenditure ,or education or marriage function in your family.
if you want to achieve a certain financial goal then only you have to start saving marketing mind.
I would like to give a wise investment advice. first you have to learn saving. remember that you should save at least 10% of your monthly income. if you want to get disciplined in your savings there are multiple ways you can achieve. you can start an SIP, you can do a recurring investment after your monthly salary is credited into your account.
amount of money just lying in your bank account will not give you good return. if you invest that amount other financial instruments, you might get a better return. two kinds of financial instruments instruments and depth instrument. Mutual Fund read financial instrument. your amount of savings will be invested in to partially government Bond share market including equity and debt. looking at the track record of the fund make a decision which fund you wish to invest.
amount of money that you want to save could be categorized into 3 buckets. first the money that you will no longer required for at least 5 to 7 years, second the money that you wish to withdraw in next 3 to 4 years. and third the amount of you will require in next 3 years this money will be used in rainy days. appetite of your money decrease. if you have a good saving habit your your future.