In your life, have you seen any two people working on the same salary, who earn an equal amount in a month, but one's money is lost quickly while the other's long run. There is a simple reason behind this. Only by skill and hard work will you not become rich. Rather, you have to consider a few more things to make your money.
Firstly financial planning is needed. The problem with saving money is that you often do not understand where to spend and where to save. Set a target for your retirement, your children's education, your equity portfolio, etc., then see how much you have to save and where you should invest. The best way to reach your goals is to start by considering your investment for essential purposes.
Also, first, eliminate high-cost debt. For example, take the case of credit card and personal loan. If you are paying more interest on the loan, you will not be able to save the pass. Fill a bill like a credit card as soon as possible, and you can keep these savings for better use after that. After saving, it is not wise to save as the remaining amount but from that Investing some money will prove to be effective for you. First, find out how much you have to save and then take out your expenses accordingly. The second thing is that in the world of investment, there is no greater risk than taking a risk. If you are thinking about raising money in the long run then you need to stay in equity.