Learn how to control your money instead of wondering where it went
Budgeting is the process of planning how you will spend and save your money each month. It helps you track income, control expenses, and ensure that you do not spend more than you earn. A budget gives your money a purpose and helps you achieve both short-term and long-term financial goals.
Whether you are a student, salaried employee, freelancer, or business owner, budgeting is the foundation of good financial health. Without a budget, it becomes easy to overspend, rely on credit cards, and struggle with savings.
People often believe budgeting is restrictive, but in reality, it gives you freedom. When you know exactly where your money goes, you can spend confidently without guilt.
Allocate 50% of income to needs, 30% to wants, and 20% to savings. This is ideal for beginners.
Every rupee is assigned a job so that income minus expenses equals zero. This method gives maximum control.
Cash is divided into envelopes for different categories like food, rent, and entertainment. Once an envelope is empty, spending stops.
Rohan, a 26-year-old IT employee, earned ₹35,000 per month but had no savings. He often ran out of money before month-end and relied on credit cards.
After learning budgeting basics, Rohan followed the 50/30/20 rule. He tracked expenses, reduced unnecessary online shopping, and saved ₹7,000 per month. Within 12 months, he built an emergency fund and cleared his credit card debt.
Budgeting becomes easier when you use tools. You can use spreadsheets, mobile apps, or online calculators. Our Budget Calculator helps you quickly understand how much you should save each month.
To strengthen your finances further, explore our Saving Guide and learn how budgeting supports smart Investing decisions.
The 50/30/20 rule is best for beginners because it is simple and easy to follow.
Ideally, you should save at least 20% of your monthly income. If that is not possible, start small and increase gradually.
Yes. Budgeting is even more important for low income as it helps prioritize essential expenses and avoid debt.
Absolutely. Budgeting identifies overspending and allows you to allocate more money toward debt repayment.
This content is for educational and informational purposes only. It does not constitute financial, investment, legal, or tax advice. Readers should consult a qualified professional before making any financial decisions.