Savings for Old age

[vidhyaprakash]

It is very hard to save some money for our retirement due to the higher expenses in our living. But we must save some money for our older age. I am a self employed person and there is no pension for me in my old age. So i planned to save some money for my old age. I don't join with any insurance for this purpose. Because my profession don't have a steady income. So i planned to save certain money every month and start a insurance by next year. For this purpose, i will allocate 500 rupee(10$) from this month on wards. It will convert as 3000 rupee by this year end and hope this amount is enough to pay an insurance premium.

We must be very careful while selecting the insurance company. Some scams are available in private insurance. We must make a lot of searches before selecting the best insurance company to save our money. Do you have any idea for your retirement earnings? Do you have any pension scheme or insurance in your company? what do you think about saving money for our old age?

 

[krakatoa]

It is very hard to save some money for our retirement due to the higher expenses in our living. But we must save some money for our older age. I am a self employed person and there is no pension for me in my old age. So i planned to save some money for my old age. I don't join with any insurance for this purpose. Because my profession don't have a steady income. So i planned to save certain money every month and start a insurance by next year. For this purpose, i will allocate 500 rupee(10$) from this month on wards. It will convert as 3000 rupee by this year end and hope this amount is enough to pay an insurance premium.

We must be very careful while selecting the insurance company. Some scams are available in private insurance. We must make a lot of searches before selecting the best insurance company to save our money. Do you have any idea for your retirement earnings? Do you have any pension scheme or insurance in your company? what do you think about saving money for our old age?

you have a good plan there bro! im 20 years old, still a student but im starting to save some money for my old age, like having some online passive income.. having only insurance is not enough for you, so if you are still young and reading this, better to start saving money now

 

[7777]

If you can save 20 percent of your income for retirement that would be really great. But if that is a realistic goal or not for you I dont know. So I would say just try your best.

 

[sabita]

yes these is very good question for me,i always think for that in every step,that why i use to save some thing since before for my old age.

 

[vidhyaprakash]

you have a good plan there bro! im 20 years old, still a student but im starting to save some money for my old age, like having some online passive income.. having only insurance is not enough for you, so if you are still young and reading this, better to start saving money now

Nice to hear that you are student and saving some money, your activity and attitude is good, keep it up

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If you can save 20 percent of your income for retirement that would be really great. But if that is a realistic goal or not for you I dont know. So I would say just try your best.

That's good idea, we must think about our future and save some thing, since we don't know when we need money seriously, so saving is always a good habit to follow