Half of India is happy knowing only half the facts, if it knew the whole, then the pocket would not have been empty at the end of the month, this is the top secret.

Salary Amount Saving: For millions of employed people in India, getting the monthly salary is no less than a festival, but as the last week of the month comes, the pocket starts getting loose. Many times it happens that by the 10th of the month, the budget gets spoiled, and then the whole month passes just fighting with the expenses. The reason is – spending salary without planning.

If the salary is managed properly, then not only will the expenses remain under control, but savings will also be possible every month. For this, first of all you need to adopt the 50-30-20 rule. Let's know about it in detail today. According to this formula, 50% of the share is for essential expenses (rent, grocery, bills etc.), 30% lifestyle (traveling, shopping, entertainment), 20% savings and investment (FD, SIP, emergency fund).

Along with this, prepare a budget at the beginning of every month and follow it strictly. It is not necessary that every expense is necessary – it is most important to understand the difference between "need and want".

The method of automated savings is also very effective. As soon as the salary comes, 20% of the amount should be transferred directly to the savings or investment account. This will save money before spending it. Apart from this, use mobile apps (like Walnut, Money Manager) to keep track of expenses.

It is also important to create an emergency fund, which can cover 3–6 months of expenses. This will ensure that your pocket will not be empty even in case of any sudden medical or job loss. If you use a credit card, pay only when needed and on time. Negligence in bill payment can ruin your savings.

Remember, earning money is important, but saving and increasing it smartly is even more important. If you follow the methods mentioned above, then even on the last day of the month, there will be money left in your pocket and you will have peace of mind.