Producer: Priyanka Das Editor: Aparna Singh
It is the first step in saving money. You need to track your income and expenses, and allocate a certain amount of money towards savings every month.
Whenever possible, cut back on non-essential expenses like eating out, entertainment, and shopping.
If you live in a city with good public transportation, consider using it instead of driving your car.
Save energy at home by turning off lights and electronics when not in use, using energy-efficient appliances, and using natural light instead of artificial light.
Before making a purchase, compare prices across different retailers and online platforms. This can help you find the best deals and save money.
Buying in bulk can help you save money on items that you use frequently, such as groceries or household essentials.
If something breaks, try to fix it instead of immediately buying a new one. This can help you save money on replacements and also reduce waste.
Try to avoid making impulse purchases by giving yourself time to think about a purchase before making it. This can help you avoid buying things you don’t really need or want.
Look out for sales and festivals throughout the year, such as Diwali, Christmas, and Independence Day. Retailers often offer discounts and promotions during these times.
Look for free resources that can help you save money, such as free financial planning tools or free online courses.