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1. Use Budget Jars
Follow the 50-30-20 rule. Mold the rule to your needs once
you get used to it.
Living expenses
(rent, food,
clothing, utilities)
Debt (car loans,
credit card bills,
house loans)
Savings and investments:
50% 20%
30%
10% - investments (FD,
mutual funds, stocks)
10% - emergency fund
(FD or Liquid funds)
10% - specific goals (vacation,
new gadgets, investments)
INCOME
2. Follow a Shopping Routine
Avoid the pick-it-up-after-work habit. Create a shopping
schedule and watch the magic.
Shop on Sunday this week!
Route to take...
Start
Fruits and Veggies
Drinks
Grains & Pulses
Finish
Dairy Snacks
DON’T BUY
FROM HERE!
3. Write Down Every Purchase
Use an app or a notebook to track every expense you make.
You might find it tedious, but it could make you think twice.
Things I bought
Nuclear reactor
Power cables (2km)
chemistry set x5
steel plates x1000
Solar panels x75
big red buttons x5
$$$$
$$$
$$
$$$
$$$
$
5 Ways to ManageYour MoneyThrough Apps
Additional Read:
4. Automate your savings
Set up auto transfers for your bills, investments and savings.
The trick is to get used to living on less.
Investments
Bills
INCOMING SAVINGS
5. Get a Money Buddy
If you love challenges, setting goals with a friend
will make saving easier.
6. Say NO to Yourself
Give yourself some time before making big purchases. Saying
NO will help you curb impulsive purchases.
NO! .......................
6 Simple Day-to-Day
Saving Hacks
Every baby step towards saving counts
FIXED DEPOSITS Recurring Deposits
&
The difference between
All You Need to Know
about Car Loans
Banker
WHAT
ARE
MUTUAL
FUNDS?
Here’s some cool stuff you’ll love!
© Copyright rests with BankBazaar, 2016
For your Personal Finance fix
Follow us
Share this on

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6 Effective Ways to Control Your Spending

  • 1.
  • 2. 1. Use Budget Jars Follow the 50-30-20 rule. Mold the rule to your needs once you get used to it. Living expenses (rent, food, clothing, utilities) Debt (car loans, credit card bills, house loans) Savings and investments: 50% 20% 30% 10% - investments (FD, mutual funds, stocks) 10% - emergency fund (FD or Liquid funds) 10% - specific goals (vacation, new gadgets, investments) INCOME
  • 3. 2. Follow a Shopping Routine Avoid the pick-it-up-after-work habit. Create a shopping schedule and watch the magic. Shop on Sunday this week! Route to take... Start Fruits and Veggies Drinks Grains & Pulses Finish Dairy Snacks DON’T BUY FROM HERE!
  • 4. 3. Write Down Every Purchase Use an app or a notebook to track every expense you make. You might find it tedious, but it could make you think twice. Things I bought Nuclear reactor Power cables (2km) chemistry set x5 steel plates x1000 Solar panels x75 big red buttons x5 $$$$ $$$ $$ $$$ $$$ $ 5 Ways to ManageYour MoneyThrough Apps Additional Read:
  • 5. 4. Automate your savings Set up auto transfers for your bills, investments and savings. The trick is to get used to living on less. Investments Bills INCOMING SAVINGS
  • 6. 5. Get a Money Buddy If you love challenges, setting goals with a friend will make saving easier.
  • 7. 6. Say NO to Yourself Give yourself some time before making big purchases. Saying NO will help you curb impulsive purchases. NO! .......................
  • 8. 6 Simple Day-to-Day Saving Hacks Every baby step towards saving counts FIXED DEPOSITS Recurring Deposits & The difference between All You Need to Know about Car Loans Banker WHAT ARE MUTUAL FUNDS? Here’s some cool stuff you’ll love!
  • 9. © Copyright rests with BankBazaar, 2016 For your Personal Finance fix Follow us Share this on