Easy ways to save more of your salary

Set goals

Setting goals is a habit for people who win with money, and it should become a habit for you too. Studies have shown that just by having a goal for something it brings you closer to that goal versus not having any goal at all. Make sure your goals are S.M.A.R.T.: Specific, measurable, attainable, realistic, and time oriented. Once you have a goal or goals in mind that include all of these attributes, chop your goal into smaller pieces, or milestones, that you can hit more easily.


It’s hard to tell where you’re headed if you haven’t mapped out where you are! The word ‘budget’ gets a bad rap — but it’s not about depriving yourself or taking things away — it’s about adding freedom to your life. When you take control of your spending and saving, you give yourself the freedom to make certain choices when you want to make them.

Challenge yourself to find free fun

This one is definitely all about mindset. Yes, it’s easy to say, “I really wanted to see that new movie but instead I’m missing out just to save a little money. This stinks.” But if you choose to make it fun, you’ll still have a great time and you’ll be thrilled at the end of the month when your bank account is not empty.

 Eat a healthy breakfast every day

You may be wondering why having a healthy breakfast has anything to do with saving money? If you don’t eat a healthy breakfast, you’re going to be hungry soon, which in turn will make you order food or eat outside. You will be spending money without even realizing it. And it’s so easy to avoid.

Quit bad habits

It could be smoking, drinking or any other addictive habit. If you can’t quit it cold turkey, at least curtail your bad habits. If it’s unhealthy for you and costing you money as well – you’re definitely better off without it.

Buy stuff that you need, not want

Focus on the things that you need, not want. Do you need that fancy notebook? No, you don’t. Your office already gives you one. Same with stationery and supplies. Why would you want to spend on things that you don’t necessarily need? Just because it looks “cute” or “pretty” doesn’t mean you really need it.

Ditch public transport when you can

It’s going to be healthy too. If you can walk up to some place in 15 minutes, ditch that cab and walk it. This way your body gets the exercise you need and you save money too.

Cut down on costs

Besides the internet, think about what all you can really save up on. For instance, your maid, do you really need her? Can you do your own cooking and cleaning? Or the press-wala, perhaps buying an iron will turn out to be cheaper and more convenient? Check with your phone service provider about new and cheap plans regularly too! It’s a small amount but it will make a difference in the long run.

Open a recurring deposit account

This type of an account helps you save without you having to do any actual saving. Every month you have to deposit a fixed amount (which you can decide) and you get a lot of interest (about 6-7.5%) on it too, depending on how long you want to open the RD for. It’s a great feeling at the end of the year when you see how much those small deposits have added up to.

Find a Side Gig

There has never been a better time in history to find ways to make extra money.  I wrote a whole series of articles to help you get started, and I’ll add more “Money Making Ideas” over time.


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