how to save money


Someday while cleaning your wardrobe if you find some notes lying (not the old thousand rupee notes obviously but the pink ones). How happy does it make you feel? What feelings strike to your head immediately? You can keep this money for your next vacation planning or you may keep it safe as an emergency fund etc. We want you to save money not just accidentally but purposefully.

“The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.” —T.T. Munger”

There are no trees bearing free cash or there are no rains of rupee happening from the open sky into our wallets. This reminds that we have to live in our budgets and save money for the future. For this very reason, we are listing a few ways of making you start saving money today itself. Some of them might just take a minute to implement. While others may require serious efforts from your side. But we’ll say try these tactics at least once and mark the difference in your monetary lives.


10 Ways to Save Money

1. Turn your TV OFF

TV according to us is an evil necessity of today’s society. We never ever had a TV in our home, not even in the living room. It saves us our money and our time which we utilize in doing something productive. Maybe if we had a TV set at home, we would not have worked on our blogging projects such as DhandhoInvestor & SoftParenting.

We remember our parents’ habits on TV. The moment they used to enter home from the office, they used to switch on this box until they fell asleep. Was merely sitting on the couch and changing channels helping anyways at all? In fact, was only contributing to our household monthly bills (cable plus electricity both).

Let us share some data with you all. The renowned rating agency CRISIL, in a report in February 2019 said, that the new TRAI regulatory framework is estimated to surge the monthly TV bills of the majority of subscribers by around 25%

Let’s do an exercise for you. Please check how many total TV channels are there on your TV. You’ll be surprised to find it close to hundreds. And, you’ll not be able to count even ten that are of interest to you. You may decide to cut off the cable expense and put the TV in the store room. Or sell it to someone who needs it and earn money instead.

2. For shopping, Always make list and stick to it

We know this could be tough, especially for a gentlelady. But trust us, once you begin to apply this rule of shopping you’ll start seeing the changes yourself.

Also Read: The Reality of Being Self-Employed

Make a list of items to be bought before going shopping and please for God sake STICK TO IT! You’ll observe yourself being away from any impulsive buying and looking only for the articles mentioned in your list. This saves your money and wandering around time too.

3. Invite Friends home instead of Chilling out

Friends are everybody’s lifelines. In our good or bad times, they are the ones always ready to be there.

Call the friends to your home for occasional get together instead of meeting outside in a café of a mall. This way you can spend more quality time with your friends without any external disturbance. Your expenses are also cut down to a large extent when you plan your gatherings at home.

4. Drink Plenty of Water

Drinking water in huge quantity has a lot of benefits to our health, skin, and metabolism. Did you know it can also make you spend less money?

Let us share our own story. There was a time when Vikas used to feel hungry and empty stomach at lesser intervals of time. He wanted to munch on something at those times. When he was in office, he could not grab something from the kitchen and satiate himself as at home. Being outside he used to end up buying some packaged food or ordering from an eating joint. Firstly he used to stuff himself with junk food and secondly he spent unnecessary money on the same.

To counteract the same, he began drinking lots of water and he would not feel empty all the time. He is able to avoid the little hunger pangs easily. And of course, avoids the thoughtless ordering of food as well.

5. Maximize the End of Season Sales

Plan your shopping such that you visit your favorite brand store when they offer End of Season Sale. Here also you may follow the shopping list rule. Prepare a list of items needed and stick to them only. Just try to go to store well early during the season’s end sale, or you might face little problem finding the best sizes.

6. Avoid Mall for Grocery Shopping

Grocery is something that we require bi-weekly/monthly (as the buyer prefers). When we go to the fancy super-marts in big malls and we see all the racks stacked beautifully with some random items. We tend to buy more than what we had gone to buy exactly. Sometimes completely irrelevant shopping is made at super markets which are not our need at all.

Also Read: Importance of Books for Investors and Entrepreneurs

It’s advisable to do online shopping for grocery. It saves time, gives a big discount on the retail price, door step delivery and most importantly helps you avoid impulsive buying.

We also used to love doing our grocery shopping at Spencer’s. But when we realized that we have stacked out kitchen and store room shelves just as to make it look like mini spencer’s. We quit!

We now buy your grocery from amazon pantry from 1st-7th of every month.

7. Apply 10 Seconds Rule for Impulse Buying

When we go to a market, it happens with all of us that we want to buy something.

Before making the final purchase, just think for ten seconds for what’s the need and use of the item immediately. Straightaway, you’ll have your answer in mind. And we can bet, 85% of the times you’ll walk away after exercising this on every such impulse.

8. Take your lunch along at Work

How many of you take your lunch along or it is provided in the pantry at work? If you do take your lunch along at work, you’re saving $65-70 every month.

When we buy the lunch outside, it always costs hefty as compared to a home-made meal. While eating outside, we’re not considerate of the amount of junk you consume. Later on, the health problems that junk food brings in costs another bill at the hospital. So, packing lunch for work has double benefits in terms of health and money.

9. Start Gardening

We both love gardening. We have a small garden but we have so many vegetables growing in it. We have tomato, spinach, fenugreek leaves, coriander leaves, chilies, lemon, curry leaves, Chinese oranges, etc. growing in our garden. We don’t buy them from outside at all.

Also Read: Don’t Try to Saw Sawdust

We are eating organically home-grown vegetables that too for free.

 10. Use Public Transportation or CarpooL

We know this is a bit of a hassle initially, but trust us this method of commuting is the best. You save a lot of money spent on your car’s insurance and continuous maintenance.

By using public transport, you are lessening the pollution and contributing one less car to the traffic on roads. The cherry on the cake is: you save a lot of money at the end of the month.

Okay so, these are few simplest ways via which we save money and invest for a greater good. Let us know your saving tips and tricks in the comments section below.

We’ll love to hear your tricks too.

Keep Saving, Keep Growing!


Vikas & Khushboo


Life is good in retirement, the early you achieve it the better it is. We’re thrilled to be working progressively towards the same which enables us to live our life on our own set terms. Instead of answering to Mr. Boss, we can wake up and do whatever we want.

On some fine day, I would just ride a bicycle for hours. On others, I’ll spend hours in a library or go on a never-ending car ride with my play-list on. Money in all of them is going to play the role of a magnificent expediter if some hacks are applied while using the same. Once we’re stuck in our ways, we all become intellectual idler sometimes, to not doing this we always thrive towards learning something out of everything.

We may have enough money so that we do not have to pay attention to trivial things of life, but we’ll never stop learning. Money is something that we discover new things about every week or month which makes us wiser saver/investor. This read of ours is going to share our favorite money hacks with you:

Money Hack 1. Write Down Every Transaction:

Until recently, we knew how important it is to track out every expense that we make but didn’t bother to actually record it. But then a couple of years ago we have begun to make a record of every rupee going out or coming in. It would be an understatement to say that we were in shock to see where all the major chunk of our income used to go.

We were able to categorize our expenses into three categories: Fixed Expenses, Variable Expenses and Periodic Expenses (which also accounts for any emergency expense too). When we have a fair idea about what is needed and valued the foremost (which could not have been possible without keeping a track of actual figures of income & expenditure), we are able to allocate the money in the most productive way.

Money Hack 2. Tracking Spending on Spreadsheet:

We have literally created a spreadsheet which has two sheets on it: one recording all the income and the other recording all the expenditure. Sometimes when we do a trackback in the month end and see that we ended up spending thousands over online shopping buying a pair of jeans or shoes (while so many unused pairs of them are still waving at us from our wardrobe), we bang our head for why did we even buy them at the first place.

We never understood why someone would pay thousands of rupees extra to sit in a wide seat with better legroom for a couple of hours when they could buy a fancy recliner of worth half of those thousands spent on first-class airline tickets and enjoy it for decades. Certainly, our body will appreciate those hours spend comfortably during the travel, but the wallet shall definitely be pissed off at it.

Money Hack 3. Wise Use of Credit Cards:

We know we’re entering a controversial and disputed territory here, but here is our take on the usage of credit cards. Use them maturely and they do wonderful things to you. Use them carelessly and: BOOM!

People usually think they have to make sacrifices when it comes to saving for financial independence. We’ll say, it’s not. Let us tell you a small story, we have enjoyed the best 6-7 days of our lives in Sri Lanka at a very reasonable travel rate. We got our air tickets, hotels at much cheaper rates because of the cashback we got on our credit cards (we have a lot of them actually…wink). When we were planning the Sri Lanka trip, we received a shopping voucher along with one of the credit card’s welcome gift that helped us in all our fashion needs on the vacation. We bought our iPhones and iPads INR 10,000 lesser than the usual price as a last minute discount on the credit card was ON and we leveraged it. We can go for the movies at BOGO offers (every Wednesday & Saturday), just because of the credit cards.

At times, we have even paid the outstanding of credit card via converting the same credit card’s points into cash rewards. Isn’t it clever?

But hang on, before you consider any of these you must bear in mind that you have to keep your hands tight when it comes to the shopping spree via credit cards. Use the credit cards responsibly and never hold a balance!

Read: The Reality of Being Self-Employed

Money Hack 4. Personal Capital Record:

Our financial records get complicated sometimes, and we’re sure you won’t be remembering your fund allocation to each and every place made. Since one puts their money at about thousands of different places, if not literally at least it feels this way!

The remedy to this problem for our sake is Moneycontrol. This platform aggregates all our accounts in one place. We’re sharing a screen capture of the same for all of you to have a look at:

We have just masked our recordings with the black boxes, finances are a secret right? Well, you have seen how beautifully it keeps a record of everything ranging from equity investments to your loan accounts and property details as well.

The best part of this platform is that it’s free, and who doesn’t like anything free?

Money Hack 5. Shopping for Long Term:

We think for the long term when it comes to making a purchase of something big. We’ve heard/seen people making impulsive purchase many a time in the market and saying, “it’ll come handy someday, let’s buy now or where to find at the time of need”. Do you know the money invested in the equity gets doubled typically in less than 10 years, obviously when invested wisely? Big purchases at an early age may cost you big time in the long term.

What’s Your Money Hack?

So, this was our side of the story when it comes to the money hacks and we know we have hardly touched the surface of the matter here. We would love to hear your money hacks now. What are your hacks to hold down the slipping of hand inside the pocket for wallet and cut down spending? What tools do you use to stop spending rather investing?

Knock us in the comment section below and let’s all of us learn more.

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