{"id":586409,"date":"2026-04-06T19:06:12","date_gmt":"2026-04-06T19:06:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/586409\/"},"modified":"2026-04-06T19:06:12","modified_gmt":"2026-04-06T19:06:12","slug":"investment-banker-shares-how-young-indians-can-save-money-better-in-todays-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/586409\/","title":{"rendered":"Investment Banker Shares How\u00a0 Young Indians Can Save Money Better in Today\u2019s Economy"},"content":{"rendered":"

For a lot of young Indians, 1 April isn\u2019t just about taxes or salary cycles<\/a>. It\u2019s that moment when you open your bank app, scroll through recent spends, and think, \u201cOkay, this year I\u2019ll actually get my money sorted.\u201d<\/p>\n

But between endless UPI taps, late-night food orders, Rs 299 subscriptions you forgot you signed up for, and impulsive \u201cadd to cart\u201d moments, saving often takes a backseat, especially for young earners in the Rs 3.5\u2013Rs 8 lakh range across urban India.<\/p>\n

According to Rohit Rangan, a Mumbai-based investment professional, the problem isn\u2019t income; it’s often how we approach money. \u201cMost people operate with an \u2018earn to spend\u2019 mindset. The shift needs to be towards \u2018earn to build\u2019,\u201d he says.<\/p>\n

Here are 7 simple, actually doable money habits, backed by expert insights, that young earners can realistically stick to this year.<\/p>\n

1. Start with tracking, not budgeting<\/p>\n

Before setting targets, understand reality.<\/a><\/p>\n

Rohit suggests starting with a simple exercise: track every expense, no matter how small.<\/p>\n

\u201cWrite down everything: travel, food, groceries. Once you see the data, patterns emerge. You\u2019ll know exactly where your money is going and what can be cut.\u201d<\/p>\n

This is especially important in a world of frictionless payments, where money often leaves your account without you noticing.<\/p>\n

Try this<\/p>\n

Track daily or weekly spends<\/p>\n

Use a notebook, Notes app, or Excel<\/p>\n

Focus on consistency, not perfection<\/p>\n

2. Flip the formula: Save first, spend later<\/p>\n

Most people spend first and save what\u2019s left. Rohit, a member of the Gen-Z clan himself, recommends the opposite and goes a step further. Aim to save up to 50% of your income over time<\/a>, not all at once. To illustrate the impact, he shares a simple example:<\/p>\n

Saving 30% of Rs 10 lakh annually could result in Rs 4.8 lakh in five years (at 10% return), whereas saving 50% could result in Rs 8.1 lakh. That\u2019s a difference of over Rs 3 lakh, just from increasing the savings rate. \u201cThe amount you save matters more than the return you chase, especially early on,\u201d he says.<\/p>\n

\"FinanceTracking expenses is equally, if not more, important as saving money, making compartmentalisation of funds easier. Representational image: (Economic Times<\/a>)<\/p>\n

Try this<\/p>\n

Start with 20\u201330%, increase slowly<\/p>\n

Automate savings on salary day<\/p>\n

Treat it like a non-negotiable expense<\/p>\n

3. Start investing early, even if it\u2019s small<\/p>\n

One of the biggest myths young earners believe is: \u201cI\u2019ll invest when I earn more.\u201d Rohit strongly disagrees. \u201cCompounding works the same whether you invest Rs 12,000 a year or Rs 3 lakh. The key is starting early.\u201d He recommends SIPs in passive index funds like Nifty 50 or Sensex funds, especially for beginners.<\/p>\n

\u201cYou don\u2019t need to understand complex fund strategies to build wealth. Simplicity works.\u201d<\/p>\n

Try this<\/p>\n

Start with Rs 500\u2013Rs 1,000 SIP<\/p>\n

Choose one to two index funds<\/p>\n

Stay consistent over years<\/p>\n

4. Build an emergency fund early<\/p>\n

Before chasing returns, build security<\/a>. Rohit recommends setting aside six to nine months of actual expenses as an emergency fund, ideally within the first six months of your job. \u201cWith increasing uncertainty, including AI-led disruptions, job stability isn\u2019t guaranteed. An emergency fund is your safety net.\u201d<\/p>\n

\"FinanceAn emergency fund is your financial safety net, helping you handle the unexpected without going into debt. Representational image: (Economic Times<\/a>)<\/p>\n

Try this<\/p>\n

Start with a Rs 10,000\u2013Rs 20,000 goal<\/p>\n

Build gradually<\/p>\n

Keep it easily accessible (not invested in risky assets)<\/p>\n

5. Make spending visible again<\/p>\n

With UPI and one-tap payments, money has become almost invisible. And that changes how we spend. \u201cDigital payments disconnect you psychologically from spending. You don\u2019t feel the money going out.\u201d Rohit suggests a simple but effective hack: Withdraw 80% of your weekly budget in cash, keep 20% for digital spending. This creates friction and awareness.<\/p>\n

Try this<\/p>\n

Use cash for daily expenses<\/p>\n

Keep digital payments for essentials or emergencies<\/p>\n

Notice how your spending behaviour changes<\/p>\n

6. Use credit cards as a tool, not a crutch<\/p>\n

Credit cards often get a bad reputation, but Rohit sees them differently. \u201cA credit card is just a tool: it gives you about a month\u2019s time to earn interest on your money before paying.\u201d<\/p>\n

For example:<\/p>\n

Spend Rs 20,000 on a card<\/p>\n

Keep that money invested at ~12% annual return<\/p>\n

You earn roughly Rs 200 extra in that month before repayment<\/p>\n

But the key is discipline.<\/p>\n

\"FinanceCredit cards can be powerful tools \u2014 building your credit when used wisely, or trapping you in debt if not. Representational image: (Mint<\/a>)<\/p>\n

Try this<\/p>\n

7. Start now, because time matters more than you think<\/p>\n

When it comes to money, time is your biggest advantage. Waiting has a cost. Rohit breaks it down simply: \u201cIf you start at 25 vs 30 with the same Rs 10 lakh, the difference by 35 can be Rs 40 lakh vs Rs 20 lakh, assuming 15% returns. Compounding is unforgiving.\u201d<\/p>\n

Try this<\/p>\n

The bottom line<\/p>\n

Financial planning isn\u2019t about complicated strategies or chasing high returns. It\u2019s about: tracking your money, saving consistently, starting as early as possible and building discipline<\/p>\n

Because in the end, the biggest shift happens in how you think about money. From \u201cI earn to spend\u201d to \u201cI earn to build.\u201d And that\u2019s what shapes your financial future over time.<\/p>\n","protected":false},"excerpt":{"rendered":"For a lot of young Indians, 1 April isn\u2019t just about taxes or salary cycles. It\u2019s that moment…\n","protected":false},"author":2,"featured_media":586410,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[3409,45,49,48,223879,166699,137036,133,127815,18633,8980,223873,223878,223880,134,223874,131,132,11337,39206,223876,223877,223875],"class_list":{"0":"post-586409","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-budget","9":"tag-business","10":"tag-ca","11":"tag-canada","12":"tag-credit-card-discipline","13":"tag-emergency-fund-planning","14":"tag-expense-tracking","15":"tag-finance","16":"tag-financial-literacy-india","17":"tag-fund","18":"tag-gen-z","19":"tag-gen-z-finance-india","20":"tag-index-funds-india","21":"tag-investing-tips","22":"tag-money","23":"tag-money-habits-young-earners","24":"tag-personal-finance","25":"tag-personalfinance","26":"tag-salary","27":"tag-saving","28":"tag-saving-vs-spending-mindset","29":"tag-sip-investing-india","30":"tag-upi-spending-impact"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/586409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=586409"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/586409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/586410"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=586409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=586409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=586409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}