10 Simple Ways to Save Money Every Month -Beginner-Friendly

 10 Simple Ways to Save Money Every Month

Saving money is not difficult. With small daily habits, anyone can save money—students, families, and beginners. Here are 10 simple and practical tips.

1. Follow the 50–30–20 Rule

Use your monthly money like this: 50% needs, 30% wants, 20% savings.

If not possible, save at least 10%. The habit matters more than the amount.

2. Track Your Expenses

Write every rupee you spend for 30 days.

Use a notes app, Google sheet, or expense tracker.

This helps you understand where money is wasted.

3. Avoid Daily Small Expenses

Small purchases become big expenses monthly. Reduce:

Daily snacks outside

Random UPI spends

Online shopping

Unused OTT subscriptions

This can save ₹1000–₹3000 per month.

4. Buy Monthly Essentials in Bulk

Buying groceries and household items monthly saves 10–20%.

It also stops unwanted shopping.

5. Start a SIP or Recurring Deposit

Automatic savings is the easiest way to grow money.

Start with ₹500–₹1000 in SIP, bank RD, or gold SIP.

6. Use UPI Cashback & Reward Apps

Apps like Paytm, PhonePe, Google Pay, Cred give cashback.

Small rewards add up and reduce spending.

7. Follow the 24-Hour Rule Before Shopping

If the item is not urgent, wait 24 hours.

Most of the time, you will avoid unnecessary purchases.

8. Avoid Unnecessary EMIs

Do not take EMI for phones, gadgets, TV, or clothes.Use EMI only for important things: house, education, or emergency needs.

9. Cook at Home More Often

Eating out many times a week is costly.

Home-cooked food is cheaper and healthier.

10. Build a Small Emergency Fund

Start with ₹5,000–₹10,000.

This helps during medical issues, repairs, and unexpected situations.

Saving money is about habits, not income.

Start with just 2–3 tips from this list and continue consistently.You will see a clear difference in a few months.