How to save in low salary ?

Having a good income is not a easy thing. There are people who are getting in lakhs from there jobs and having a luxurious life. but we too have that set of people as well that too suffers from 20k a month to deal with family dreams. home expenses and all more that we can never think of in one go!

Hello everyone.

Today this blog is for those who comes comes in the income group of 15k to 25k and dreams to have there own house.

This is not difficult. The one thing that you must keep in your mind is that - smaller steps always leads to your destiny. Something is ALWAYS better than NOTHING.

If you keep on thinking that we will save when you have 50k of salary, then we will buy our dream house, then mark my word friend that "one day " will never gonna come.

Present is the BEST day to plan your finance and SAVE for your future.



1. Plan

• Add your salaries ( you and your partner)
• Allocate the expense of the food and household expense
• Take down the renting cost
• Take down the entertainment rate.

Keep in kind that you must plan a outing once a month so that you dont feel the burden of the saving so hard that you quite it in the middle.

Suppose:

You are earning : Rs 20 K

Your husband is earning : Rs 21 K

Total: Rs 41 K

Rent : 15k

Food: 10k

car EMI: 3k

Total expense: 15 +10+ 3= 28k

Rest = 41- 28= 13k

Always take 3k as safety clouse here.

You can safe in this case around 10k per month :)

10k a month mean= 12 x 10= Rs 1,20,000 rs.

You know guys, you just need 10 lakh around as down payment charges if you are buying your house under home loan :)

Just imagine you can take 120000 as yearly saving, you can touch your 10 lk in just 7 to 8 years. And if you have gold reserve with you that you have gathered in your wedding rituals , you can too use them here.

So, if you add your gold reserve here,

Suppose you have 3-4 lks gold items with you, you can easily get your dream home in just 5 years!!!

It will not only save you on spending on renting BUT also giving family better security and life :0

So Safe!!!

Your small saving can leads to better life in next 5 years :)