Hey buddy! I know saving money can feel tough sometimes, especially when expenses keep popping up from every corner. But trust me, there are a few simple and smart ways to handle it. Today, I’ll share some money saving tips that actually work — and yes, I’ve tried them myself!
Let’s dive into it like we’re just chatting over a cup of chai. 😊
1. Track Your Expenses Every Month
First things first, you can’t save if you don’t know where your money goes. Just make a habit of writing down every expense — yes, even that Rs. 100 samosa treat!
Example: I use a simple notes app to jot down what I spend daily — like Rs. 200 on mobile recharge or Rs. 150 on coffee. At the end of the month, I can clearly see what’s necessary and what was just impulse.
2. Set a Fixed Monthly Budget
Decide how much you want to spend each month. Divide your income into categories: rent, food, travel, savings, and fun.
Example: Suppose you earn Rs. 25,000. You can fix Rs. 10,000 for rent, Rs. 5,000 for food, Rs. 5,000 for savings, and the rest for other stuff. That way, you don’t go overboard.
3. Avoid Unnecessary Subscriptions
Netflix, Prime, Spotify, Gym, Magazines… how many do you really use? Cancel the ones you don’t need.
Example: I once realized I was paying for a fitness app I hadn’t opened in 3 months. I canceled it and added that money to my savings jar instead.
4. Start a Small Emergency Fund
Life is full of surprises – medical emergencies, job changes, etc. Start saving even Rs. 500 a month.
Example: My scooter broke down last year. Thankfully, I had an emergency fund with Rs. 5,000. I got it repaired stress-free.
5. Use Cash Instead of Cards Sometimes
When you use cash, you feel the money leaving your hand. It makes you more careful.
Example: I give myself Rs. 1,000 cash for the week. Once it’s over, I stop spending unless it’s important. No swiping mindlessly!
6. Buy in Bulk for Monthly Essentials
Buying rice, dal, soap, or shampoo in bulk saves money in the long run.
Example: I bought a 5kg rice pack and a bulk detergent pack last month. It saved me around Rs. 300 compared to buying weekly.
7. Cook More, Eat Out Less
Ordering food might feel easy, but cooking saves a lot.
Example: I used to spend Rs. 1,200 weekly on food delivery. Now, I batch-cook on Sundays and save around Rs. 3,000 a month.
8. Use Offers & Cashback Apps Smartly
Apps like Paytm, PhonePe, and CRED offer cashback and rewards on bill payments and shopping.
Example: I paid my electricity bill on Paytm and got Rs. 50 cashback. It may seem small, but it adds up!
9. Say No to Impulse Shopping
Don’t buy something just because it’s on sale. Ask yourself, “Do I really need this?”
Example: I saw shoes on 40% sale last month, but I already had two good pairs. I skipped it and saved Rs. 1,000 easily.
10. Set a Saving Goal and Visualize It
Having a reason to save motivates you more—whether it’s a new phone, a trip, or just peace of mind.
Example: I wanted to go on a short trip. I kept a photo of my dream destination on my wall, and every time I wanted to waste money, I remembered that goal.
Money Saving Tips Conclusion
So bro, these money saving tips aren’t just random ideas — they’re tried and tested tricks that work in real life. Just start small and be consistent. Once saving becomes a habit, you’ll feel more confident about your money.
Remember, saving is not about being cheap. It’s about being smart.
See More: Lifestyle changes that save money