How to Save ₹10,000 Every Month on a Low Income

 

How to Save ₹10,000 Every Month on a Low Income

Saving money can seem impossible when your income is limited. But with the right mindset, planning, and discipline, you can absolutely save ₹10,000 every month — even if you're earning a modest salary.

1. Track Every Rupee

Start by tracking where your money is going. Use free apps like Walnut, Money Manager, or even Google Sheets to log your daily expenses. Knowing where your money leaks is the first step to plugging them.

2. Follow the 50/30/20 Rule (Modified)

Normally, this rule says 50% needs, 30% wants, 20% savings. But for low income, try this instead:

• 60% for essentials (rent, food, bills)
• 20% for savings (₹8,000–₹10,000)
• 20% for wants or flexible spending

3. Cook at Home & Cut Eating Out

Eating out even 4–5 times a month can cost ₹2,000+. Start meal prepping at home. Simple meals like dal-chawal, roti-sabzi, and eggs are nutritious and cost-effective.

4. Say No to EMI Traps

Don't buy phones, gadgets, or furniture on EMI if you don’t absolutely need them. Monthly EMIs reduce your cash flow and lead to overspending. Save first, buy later.

5. Use Public Transport or Shared Rides

Private cabs and bikes are convenient but expensive. Use metro, buses, or shared autos whenever possible. This alone can save you ₹1,500–₹2,000/month.

6. Set a No-Spend Challenge

Choose 7 or 14 days every month where you commit to spending ₹0 on non-essentials. This improves discipline and saves a surprising amount.

7. Cancel Unused Subscriptions

Are you really watching all your OTT platforms or using all apps you’re subscribed to? Cancel what you don’t use regularly. This can save ₹500–₹1,000 monthly.

8. Start a Side Hustle (Optional)

If you can’t save from your current income, boost it. Freelance writing, tutoring, graphic design, or reselling items online are great ways to earn ₹2,000–₹5,000 extra every month.

9. Automate Your Savings

Open a separate savings account and set up auto-transfer of ₹10,000 on salary day. If the money never hits your main account, you're less likely to spend it.

10. Set a Clear Goal

When you save with a purpose — like a vacation, emergency fund, or new laptop — you're more motivated to stick to your saving goals.

🚀 Final Words

Saving ₹10,000 a month is hard — but not impossible. Start small, stay consistent, and watch your bank balance grow over time. Your future self will thank you!

What’s your favorite money-saving hack? Tell us in the comments!