Saving money is very essential for everybody for crisis management as well as for post retirement. Saving can be done in different ways at different ages.
Develop the habit of savings right from your first earned income and continue the saving, which will help you as you keep growing older. Every person has his own way of earning, either in form of business or through salary if one is doing a job. One has to plan his household expenses as per his income and prepare a budget and also plan savings for secured future.
One may have some money left every month or every few months after contributing to the household and other needs. This money can be saved meaningfully for future needs. Everybody has a bank account. After contributing to the family, you may have surplus money left. [...]