A Practical Guide to Saving Money and Increasing Your Income with a Personal Story

A Practical Guide to Saving Money and Increasing Your Income with a Personal Story

Writer: Ashrafun Nesa

Learn how to save money and avoid debt through valuable tips and a personal story. Discover the consequences of not saving money and find out how to increase your income wisely. Start your journey to financial security today!

How to Save Money and Avoid Debt: A Personal Story

Saving money is an important topic that many people struggle with. If we spend more than what we earn, we fall into debt. And it is very difficult to get out of debt once we are in it. That’s why we have to learn how to save money and avoid unnecessary expenses. In this article, I will share with you some tips on how to save money, as well as a personal story of how a friend of mine suffered from not saving money.

The Consequences of Not Saving Money

I have seen with my own eyes how many problems you have to face if you don’t save money. Let me share a story with you. A friend of mine does a very good job. He was a man with a lot of money and he had no shortage of luxury. He spent all the money he earned. I used to see the biggest hilsa fish in the market go to his house. When he went to the market to buy clothes, he would buy the clothes for the amount the shop owner asked for, without any bargaining. In his house, fruits and vegetables never end. Rather, it would have been wasted. He is a very good hearted person. The guests liked it a lot. He used to give many gifts to his relatives. Relatives were also crazy about him. He is crazy to say the least. He used to be the chief guest in any of his relatives’ events.

The days went well like this. He had two sons and a daughter. As the children were growing up, the spending of money was increasing, but slowly, buying gifts from relatives was a little less. But even then, when he went to the village during Eid, he used to give gifts to everyone, if there were small children, he would give them new clothes, if there were old people, he would also give them new clothes.

Such days were going well, in the meantime, the corona epidemic came. Gradually they began to decrease daily. Then he could not inquire much about his relatives. Except for his own people like his parents, brothers and sisters. Then when the Corona epidemic kept everyone indoors, he was in great danger. Meanwhile he also fell very ill. He did not have any money saved and fell into a deep depression. The family began to struggle. Sometimes there is not even a market at home.

I saw that day that my friend’s relatives were no longer heard from. They did not even call to ask how he is? How is the illness? How is everyone in his family? But when he had a lot of money, he used to call and talk to inquire about it.

But there was no one to support him emotionally in this difficult time. As the saying goes, everyone lives on a happy day and no one lives on a sad day.

After seeing this situation, he realized that if there is no money, no one pays attention to you. And when people have money, it is very necessary to save or accumulate money for your future needs.

How to Save Money and Increase Your Income

Now let’s see how to save money and increase your income. Here are some tips that you can follow:

  • Write down your monthly expenses in a book and buy only what you need.
  • Stop spending unnecessarily and try to save some money by bargaining wherever you go to shop, or for shopping, or for buying anything.
  • When you go to the market, eat your fill from home. In a study, scientists said that when you are hungry, you are more likely to buy unexpected things when you go to the market on an empty stomach.
  • Calculate how much you can save and keep that money aside in advance.

And just saving won’t increase your money, you have to think about how to invest your money in some productive work that can generate more income for you. You can achieve success only by thinking and working smartly.


Saving money is not only a good habit but also a necessity for living a happy and stress-free life. If you save money regularly, you can avoid debt and have more financial security in times of crisis or emergencies.

You can start saving money at any age or stage of life, whether it is childhood, school life, college life, university life, or job situation.

I hope this article has inspired you to start saving money today and improve your financial situation.

Thank you for reading!


The information provided in this article is for informational purposes only and does not constitute financial or investment advice. The author, Ashrafun Nesa, is not a financial advisor, and readers are encouraged to consult with a qualified financial professional for advice on their specific financial situations. Any actions taken based on the information in this article are at the reader’s own discretion.

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