Tips for saving money: Generally, people living in big cities complain that they do not have any savings left by the end of the month. More than half of the salary is spent on house rent, transport and buying groceries.

Especially, if managing expenses has become a challenge for many working people living in cities like Mumbai-Bengaluru. Amidst all this, a person living in Bengaluru has told about some easy habits which are helping him in saving money without making any major compromise in his everyday life.

This person named Akshay CN shared these tips on his Instagram page @bangalore_viral. In the video, he told how by making small changes in his lifestyle and spending habits, he reduced unnecessary expenses while maintaining his lifestyle. In the caption of the post, Akshay wrote, “How I reduced my expenses in Bengaluru without compromising my lifestyle.”

Most economical to live near metro

First of all, Akshay did not choose any expensive or fancy area for his living, but gave importance to living near the metro station. Akshay wrote, “Instead of going to any ‘fancy’ area, I decided to live near the metro. Initially the fare was a bit high, but I saved a lot of money in daily commuting, petrol and auto expenses and also reduced mental stress.” He told that due to less travel time and less transport expenses, there was a clear difference in his monthly expenses.

less expense on convenience

Akshay told that while living in Bengaluru, he gradually started reducing his expenses for his convenience. The scale of expenditure gradually increased during the month due to quick delivery, auto subscription and small online purchases. Instead of last minute, Akshay started planning the entire weekend in advance.

Akshay says that going to a cafe or pub without thinking, spending money when something suddenly comes to mind, all these things affect the savings without immediately realizing it. Akshay further said, “Instead of spending without thinking, I started planning my weekends. Visiting cafes, pubs without a plan and spending on whims, depletes savings faster than people realize in Bengaluru.”

Pressure to maintain lifestyle

In the video, Akshay also talked about the pressure on people in Bengaluru’s work culture to constantly improve their lifestyle. Here many people spend money just to show themselves updated from outside or to keep up with the trends around them.

Akshay told that like others, he stopped upgrading his gadgets. Instead of relying on restaurants and online food delivery every day, cooking at home not only resulted in savings but also on health. At the end of his post, Akshay wrote that having a higher salary does not solve your financial problems. Better habits matter more.

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Savings Tips: Earnings may be good and yet at the end of the month the balance appears to be zero. So the problem is not in earning. It is involved in money management. In today’s life, expenses increase so fast that it is difficult to save without planning. The issue here is how much you earn. Rather, it is how wisely every rupee is used. be managed properly,

So the same salary can give you savings and also security for the future. If you want to save money then you need a system for this. So that unnecessary expenses get filtered automatically. Small changes can bring big results for you. Let us tell you some smart money saving tips.

Track your expenses

Most people do not write down their expenses and this is the biggest mistake. Unless you know where the money is going. How can there be savings till then? First of all, make a normal budget and decide on three categories. Necessary expenses, convenience expenses and unnecessary expenses. Note every transaction for a month. This will clearly show what unnecessary money is being spent on.

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After this, adopt 50-30-20 rule i.e. 50 percent on needs, 30 percent on lifestyle and 20 percent directly in savings or investment. Those who are going out according to expenses. Cut them next month itself. It seems difficult in the beginning but by the third month you will understand yourself how much scope is left in your income.

Do investment planning like this

The easiest way to save money is to set it aside before it is spent. Set up an auto-debit as soon as your salary comes. So that every month a fixed amount goes into a savings account, RD, SIP or any fund. When the savings are exhausted first. So the remaining amount starts budgeting itself.

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stop unnecessary expenses one by one

Learn micro-planning of your everyday expenses. Small things like eating out, unnecessary subscriptions, impulse purchases. These things destroy the balance of the month. Light control has a big impact on them. If you want, keep a 24-hour rule before every purchase. Mostly things that seem important at that moment. It won’t seem as important the next day. As soon as you learn to manage money, you will start saving.

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