Quote from: Cgrexp on September 25, 2025, 08:51:19 AM

If there is consistency, then small savings turn into big numbers in the long run. Saving is basically a mindset and habit. However, mindset alone does not help in saving, at the same time, improvement of financial structure is also needed. There are many people who may have a mindset of saving but in reality they cannot save due to financial pressure or debt or due to increase in the price of daily necessities. Therefore, some planned steps have to be taken with willpower. For this, a proper budget plan has to be made. However, to save, it is not necessary to have a large income, for this, a little awareness planning and a strong mindset are enough.

Savings is actually a mindset and does not really depend on the income size. Anyone can start savings even though it is small initially. Savings is like securing our future needs and starting with small amounts won't even affect our current finances. People should maybe think about saving anywhere between 1% to 5% of their total income which will not affect their current goals and will also make them save for emergencies or for future goals.

I would personally prefer saving up to 10% of my income which will vary depending on my monthly needs. Starting slow and increasing the savings gradually as needed will show promising returns in the future. We might even start investing the saved money in flexible but reliable options. Even a normal bank fixed deposit will be a good choice to deposit our savings every month to get up to 9% to 15% returns annually.