Money doesn't grow on trees: No sir, it does not. This is something you might have heard plenty of times when you were a kid and wanted to buy something. But trust us, this tip will come super handy everytime you think about splurging on something that's totally unnecessary. So, remember to keep a stash of money somewhere in case of emergencies.

Like we mentioned earlier, you never know when you might suddenly find yourself short of cash. So make sure that you prepare for something like this beforehand. Save at least 10-15% of your salary from the start. You could even open a separate account and make sure that the process of the transfer is automated so that you won't have second thoughts when you have to transfer your money.

While debit cards are here to stay, we say you get rid of those credit cards ASAP. And who created this concept of paying for things now and living in debt later? It's always better to know what you can and cannot afford beforehand. So, trust us when we say this; there's a reason credit cards are obsolete so you should leave them where they belong.

Well, you could talk to your parents about investing in property or cars but they'll just look at you like you've gone mad. Talk to them about gold and see how they perk up. Well, it is quite sensible to invest in gold as the rates are usually on a steady rise. This is pretty much why it works pretty well as an investment.

Talking about investments, here's one that will absolutely benefit you no matter what. You should invest in an insurance policy because it'll come really handy if you need it in tough times. Plus, if you don't need it, you can just claim it later on and it's pretty much like a win-win situation for you.