HOW TO SAVE ₹10,000 EVERY MONTH - EVEN WITH A LOW INCOME
🟢 Introduction
Let’s be honest: saving ₹10,000 a month sounds like a dream especially when your income barely covers your expenses. But the truth is, even with a low income, it’s possible to build a habit of saving consistently.
In this post, I’ll show you how to break down your income, cut the right expenses, and use practical Indian strategies to save ₹10,000 every single month.
💸 1. Track Every Rupee You Spend
You can’t save if you don’t know where your money is going.
Start by tracking:
• Daily chai & snacks
• UPI spends
• Online subscriptions (OTT, music, etc.)
• Unplanned Zomato/Swiggy/Other’s orders
Use free apps like:
• Walnut
• Money Manager
• Google Sheets (DIY)
• Goal: Identify ₹3,000–₹5,000 in monthly “leaks” you can plug.
🏦 2. Follow the 50-30-20 Rule
Modified 50-30-20 for Low Income:
• 60% = Needs (Rent, Groceries, Transport)
• 20% = Savings
• 10% = Wants
• 10% = Emergency buffer or debt
💡 Tip: Automate your 20% (₹2,000–₹5,000) into a SIP or Recurring Deposit right after salary credit.
📉 3. Reduce These 7 Hidden Expenses
| Expense | Tip |
|---|---|
| Mobile Recharge | Use ₹179/₹199 plans (no extra data) |
| OTT Subscriptions | Pick just 1, or use family plans |
| Swiggy/Zomato | Limit to 2–4 orders/month |
| Credit Card Fees | Use lifetime-free cards |
| Online Shopping | Remove saved cards from apps |
| Electricity Bill | Use LED bulbs + timers |
| Petrol | Carpool or switch to public transport |
Savings potential: ₹3,000–₹4,000/month!
📦 4. Use Cash Envelopes or UPI “Folders”
Try the envelope method:
• ₹3,000 – groceries
• ₹1,500 – travel
• ₹2,000 – miscellaneous
or use PhonePe/Paytm wallets as virtual envelopes. Once the balance ends, stop spending from that category.
🪙 5. Build Small Income Add-Ons (Side Hustles)
If you earn ₹20,000–₹25,000 per month, adding even ₹2,000 can unlock big savings.
💼 Ideas:
• Tuition (₹200/hour = ₹4,000/month)
• Freelance work (content writing, data entry)
• Reselling on Meesho or Amazon of Flipkart
• Weekend Swiggy/Zomato delivery gig
📊 Even ₹500/week = ₹2,000/month saved extra!
📈 6. Automate Your Savings
Set up:
• A SIP of ₹5,000/month
• A Recurring Deposit of ₹2,000/month
• Or, use SBI/ICICI “Auto Sweep” savings accounts
Let the money leave before you feel the urge to spend it.
🔐 7. Say “No” Without Guilt
The hardest part? Social pressure.
You don’t need to join every dinner plan or upgrade your phone every 12 months. Saying “no” today lets you say “yes” to:
• Early retirement
• Zero debt
• Emergency readiness
• Your future self will thank you.
💡 Final Thoughts: Small Sacrifices → Big Rewards
Saving ₹10,000/month might take effort, but it’s possible even with a low income if you’re intentional, consistent, and willing to prioritize.
Start with ₹500/week. Make one small cut per week. Then grow.
📥 Download: Free Monthly Budget Sheet (Excel)
🧾 Want to manage your budget easily?
👉 Click here to download our FREE Monthly Budget Excel Sheet