Quick tips to save money in 2013 by Boman Rustom Irani

So how has the new year been so far for you? Is it exactly how you expected it to be, one with a fresh start where you finally have your finances in order – your investments planned, your debt cleared and your expenses under control? Messy finances can be like a vicious circle and it is often hard to see yourself climb out of that ditch. But brace yourself, because it is not impossible.

New age businessman and first generation real estate tycoon Boman Rustom Irani has quick tips for you to finally get your ducks in a row and start afresh in 2013. Read on to know more:

• Enlighten yourself! How much do you bring home? Are you the only earning member? How much are you paying in the form of interest on your credit cards? How many EMI payments are you are currently paying every month? What else is going out of your paycheck that you are not aware of? 
• Mandatory saving is the best way to ensure that you are putting aside some funds every month. Till you consciously decide that you are going to save a certain amount every month, you will always feel that you have no extra funds to create savings. 
• Lower your overheads. When you are used to spending on things for a long time, they almost become necessities, which you can’t do without. So ask yourself the next time you are going for a sushi dinner or to a Brazilian blowout salon is this really necessary or can this money be put to better use? 
• Be serious but don’t drive yourself up the wall! The more you flinch and fluster about money matters, the harder it seems. So take a deep breath and relax. With effective planning, conscious thinking and may be some expert help, you can get right back on track, as far as your finances are concerned.