If you have not started saving yet, then it may seem difficult at first.

With a long list of necessary expenses, it may feel like it is not possible to cut down on any expenses and start saving.

But, when you take the leap of faith, slowly you get even more motivated to save more.

At first you can start as small as 500 or any amount as per your current financial situation.


When you want to start saving money, it is always better to start daily rather than monthly. See how it works.

For example, if you start with saving Rs500 everyday. Then, at the end of the month you will have a good Rs15000 savings. That’s quite a good amount when you are just starting off.

See, it’s easy to start with saving a small amount daily.

For saving, a proper budgeting is required.


Then comes investing. There are many options to choose from.

From, Fixed Deposit (FD), Recurring Deposit (RD), Post Office Savings, Mutual Funds, Gold, Bonds, Real Estate, NPS and more.


One can anytime start with an SIP in Mutual Funds. Systematic Investment Plan (SIP) is monthly investment done in mutual funds schemes.

If you start with Rs15000 as monthly savings, for example, then you can choose to invest Rs5000 in 3 mutual funds via SIP option.

Needless to say, the choice of funds will depend upon the term of investment and risk appetite.


When you start savings and invest it wisely, you see your money growing. This way you have taken the step towards wealth creation.

This will further motivate you to start saving and know more about good investment opportunities.