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How to start saving money in only 20 minutes!

No matter where you are in life, it’s important that you start saving for your future! But in order to save you have to make a plan. Here’s how to start in just 20 minutes. 

At the beginning of each month: 

1: Write down all your income (5 minutes)

Write down all the money you get each month: your salary, money from part-time work and business income.

2: Add up all your monthly expenses. (5 minutes)


Next to your income, write out all of your expenses. Include everything that you will spend money on each month (food, rent, bills, clothes, etc.) The more detailed the better. 

3: Determine how much you can save! (5 minutes) 

Take your total income minus your total spending. (Income – expenses = savings). That’s how much you can save! 

For example, if you make 10,000 INR each month and you spend 7,000 INR, that means you can save 3,000 INR per month! 

  • 10,000 INR – 7,000 INR = 3,000 INR

If your expenses are greater than your income, that means you have some changes to make in the next step. 

4. Review and adjust your budget. (5 minutes) 

Write your spending goals for the next month. Cut or reduce certain expenses to meet your savings goals. The more you cut the more you can save. 

5. Follow your budget! 

Try to not spend more than what you wrote down! The closer you stick to your budget the more you’ll save. 

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