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Long term Saving plans are those in which we invest money for long period of time and save his future Financially.lways save a certain percentage of income towards goals if financial planning has not been done in a formal way. Try to have a formal financial plan to know your financial goals, existing resources and whether you would be able to achieve them with the current saving rate or not.An easy way to do this is to boost your contributions incrementally over time – like 5-10% every year. Those extra funds will add up and grow your wealth in a big way. When it comes to cash savings, you’ll need to take a different approach. Since it’s easy to spend the extra money you have in your account, I always suggest having automatic monthly withdrawals shift over to long-term savings account on a regular basis.
