Let’s face it many of us live paycheck to paycheck. The salary comes in, and within a week, it’s gone. Rent, groceries, EMIs, Swiggy orders… and poof!
But here’s the truth: your salary isn’t the problem your money mindset is.
At Finmates, we believe your income should build wealth, not just fund survival. Here’s how to change the game ⬇️
💼 Step 1: Pay Yourself First
Before paying bills, pay yourself. Set aside at least 20% of your salary the moment it hits your account.
✅ Use auto-debit to send it to a savings or investment account.
This simple trick turns saving from optional to automatic.
🧾 Step 2: Master the 50/30/20 Rule
A classic budgeting method that still works wonders:
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50% for essentials (rent, food, bills)
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30% for wants (shopping, dining, streaming)
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20% for savings/investments
Can’t stick to this? Try 60/20/20 or 70/20/10 based on your lifestyle.
📈 Step 3: Turn Expenses Into Assets
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Netflix: Passive consumption
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SIPs or Gold: Passive income in the making
Choose where your money goes short-term fun or long-term freedom?
🪙 Step 4: Increase Your Income (Not Lifestyle)
Got a bonus or side income? Don’t upgrade your gadgets upgrade your future.
Invest bonuses, freelance income, or raises. Let your “extra” money work for you.
💳 Step 5: Avoid Lifestyle Inflation
Just because you earn more doesn’t mean you have to spend more.
Don’t fall into the trap of “I deserve this” spending future-you deserves financial security more.
🧠 Bottom Line:
Wealth isn’t about how much you make it’s about how well you manage what you make.
Your salary is a powerful tool. Use it right, and it’ll give you freedom. Use it wrong, and it’ll trap you in a cycle.
Start small. Start today. And follow Finmates for real-world financial wisdom.
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