How to Create a Budget You Can Stick To:

Why Budgeting Matters 🤔

Struggling to make your salary last the whole month? A budget helps you take control of your money so you can save, invest, and spend wisely—without stress!

Key Steps to a Practical Budget 📊

1️. Track Income & Expenses

✅ Record all earnings (salary, business, side income)
✅ Categorize expenses (rent, EMIs, groceries, travel, entertainment)
✅ Use apps like Walnut or Google Sheets for tracking

2️. Follow the 50-30-20 Rule

📌 50% Needs – Rent, EMIs, bills, groceries
📌 30% Wants – Dining out, shopping, OTT subscriptions
📌 20% Savings – SIPs, FDs, mutual funds, emergency fund
🔹 Tip: If living with family, boost savings to 30-40%!

3️. Cut Unnecessary Spending ✂️

❌ Avoid impulse shopping
❌ Reduce eating out & unused subscriptions
❌ Set spending alerts via UPI apps (Google Pay, Paytm)

4️. Automate Savings 💡

✅ Set up SIPs for long-term investing
✅ Create an emergency fund (6 months’ expenses)
✅ Use auto-debit to ensure savings happen first!

5️. Plan for Festivals & Big Expenses 🎉

✅ Save separately for Festivals, weddings & vacations
✅ Start early for big-ticket goals (house, car, education)
✅ Use cashback & discounts smartly

6️. Review & Adjust Monthly 🔄

📅 Check your budget every month & tweak as needed
📈 Increase savings when income grows
🔹 Use an Excel sheet or a budgeting app for easy tracking

Take Charge of Your Finances 🎯

Budgeting isn’t about restrictions—it’s about financial freedom! Start today, stay consistent, and watch your savings grow while still enjoying life. 🚀

📢 Need a personalized budget plan? Contact us at finspireyou@outlook.com for expert guidance on making your money work for you! 💼💡