We all work hard to provide comfort for ourselves and for our families but there is no use in spending all of your income so that you are left with nothing in the bank or in your personal savings. Saving money is a fundamental part of our lives and it ensures that our futures are protected from all eventualities. This means that it is important for you to review your personal finances to make sure that you are benefitting from any potential savings. You may not realise but you will spend a lot of money on financial products but a lot of that money is wasted because clever thinking and comparing the markets through platforms such as www.mawazna.com, could help you to save a lot of money. So, how can you save money in 2017? Read on to find out more.
Loans
We now need loans for a number of reasons. The two obvious types of loans that almost all people need are personal loans, and a loan to purchase a vehicle. In addition to that, home loans in Pakistan are also becoming norm by the passage of time.
These are the key things that we need to live in today’s world to satisfy our financial needs in case of emergencies and also why planning to buy life necessities like a home and car. A home to keep us safe and comfortable and a car to get to work or go about our daily chores. However, it is possible to save money and cut costs related to these ventures. This is because there are some excellent personal loan deals, home loan offers, and car loans available in the market in Pakistan offered by leading banks and that is why you should compare best personal loans before you commit to one Lender and any specific product. Lower interest and flexible payments will mean that your payments are reduced, easy to pay and often the term of the loan can be reduced so that you repay the loan quickly. You may have a credit card that you are repaying, yet those payments could be high and so, it is worth considering the best credit cards by comparing credit cards that can help saving money. This could be moving to a zero interest card or consolidating your debts into one manageable payment. Mawazna.com can certainly help you with that.
Savings
Saving money in a deposit account or a savings account will ensure that the money is there should you need it. There is every possibility that an emergency could occur which would mean that you need the money there to call upon or you may be starting a family. There is also the responsibility of paying for the marriage of your children as well as education. The responsibilities are there and they highlight exactly why you need the best savings accounts so you make your money work hard for you. According to studies [As per a survey conducted by Gallup Pakistan for the State Bank of Pakistan], in Pakistan, 14% of people have a bank account, out of which a very small fraction has a saving bank account to maintain their savings, a very small number as compared to developed countries. Whether you have a savings account or are looking for one, it is important that it is the right one for you by comparing savings accounts. Try www.mawazna.com to review the available accounts and choose the best that fits your needs.
Insurance Products
We need insurance for a number of areas of our lives. Car insurance, health insurance, travel insurance and life insurance are just a few types of insurance in Pakistan that we need but their costs can eat into your monthly and annual outgoings. Insurance is there to protect you and your family. Travel insurance will protect you when you are abroad from the likes of illness, theft and loss while car insurance will protect your finances should you be involved in an accident or if it is stolen. However, health insurance and life insurance are critical insurance tools that give you and your family complete peace of mind but you could be overpaying for them. Carrying out a quick comparison will provide you with the cheapest price, best value product, and all the comprehensive information about what the cover provides. This will allow you to pick the correct cover to suit your needs and your budget enabling you to continue benefitting from insurance products while also increasing your savings.
The importance of Saving Money
Your money is just that, it is yours, so why spend more than is necessary? It can seem like you have many different things to pay for and that is true because there are many things to commit to but you need to consider how much money you can save by comparing different products. A considerable amount can be saved by switching to different providers and once the savings have been made it is then worthwhile putting it into a savings account that gets the most for your money. Comparing products takes minutes but the rewards from doing so are well worth the time. Therefore we strongly suggest you to start reviewing your personal finance now and plan and target saving from 2017 onward. There is no best time than doing it now. It will not only benefit you at a later stage but also your loved ones.
“Mawazna Karein Apne Liye, Apno key Liye”
