We must inculcate the saving habit within the members of the family but the same cannot be implemented unless the head of the family does not implement the same. In fact, whatever payment we are getting, 75 percent is to be utilised for meeting monthly expenses and the rest money is to be kept aside in the bank for the emergency purpose. Thus the commutative amount for a year will take care of your unforeseen circumstances. If still the money could not be utilised, let it grow in the bank with some interest. After a certain period , the saved amount can be deposited in the fixed deposit for the period convenient to you. Such corpus will help you in the critical moment. Hence in our approach, we must adhere to saving habit.