Introduction
Budgeting is not about restriction—it’s about intention. With a few practical habits you can keep spending under control and save more consistently.
1) Track Every Expense
Write down where each rupee/dollar goes. Use an app or a simple sheet. Visibility creates accountability.
2) Set Specific Goals
Give your money a job: emergency fund, a trip, debt payoff. Clear goals keep you motivated.
3) Apply the 50/30/20 Rule
Allocate 50% to needs, 30% to wants, and 20% to savings or debt. Adjust if your city costs more.
4) Audit Subscriptions
Cancel what you don’t use. Downgrade plans you barely touch.
5) Plan Your Meals
Cooking at home 2–3 extra times a week can save thousands a year.
6) Automate Savings
Schedule an auto‑transfer the day you’re paid. Treat savings like rent—non‑negotiable.
7) Use Weekly Allowances
Break the month into weekly limits so you don’t overspend early.
8) Pay with Cash for Daily Spend
Cash introduces friction and reduces impulse purchases.
9) Negotiate Bills
Call providers yearly for better rates on internet, insurance, and phone plans.
10) Review Monthly
Budgets evolve. Adjust categories as life changes.
Conclusion
Small consistent actions compound. Start with one or two tips this week and build momentum.