If you think you need extra money to start saving, you are wrong! Saving is not about saving extra money. It is about planning your expenses in a manner that lets you save enough money, no matter what you earn, for a safe future.

But handling money is not very easy. So here are 11 tips on what you must not do with your hard earned money.

1. Don't go on depositing your salary in your savings account

Do you rush to the ATM and withdraw money regularly? Well, you cannot afford to be careless about withdrawals. While a savings bank account helps you meet your regular needs, it is important not to deposit all your earnings in the savings account.

While you must keep a portion of the salary in the savings account, make sure you allocate enough money for regular expenses, as well as additional expenses, that you may need to meet unexpectedly.

Excess money in savings account will always also tempt you to spend more money than you should ideally spend. Read on...