Online Finance Tips

Today in this blog, I’ll share how a simple saving hack helped me save up to ₹1 lakh. A year ago, I had no savings at all, but after following these steps, I was able to save ₹1 lakh. We all know the importance of saving money, and many of us try different saving hacks, but in the end, only a few people are actually able to save.

So in today’s world saving money is difficult for many people because little expenses add up without us even realizing it. However, I want to share with you a very simple saving hack that helped me save my first ₹1 lakh in just 10 months.

My Story – From No Savings to ₹1 Lakh by Using This Simple Saving Hack

About a year ago, I didn’t have any savings at all. Even though I earned some money every month, by the time bills were paid and little expenses were done, I was left with nothing in my pocket to save. It wasn’t because I made any expensive purchase or had a lot of EMIs. Instead, I didn’t even realize how much the small things I paid for — like snacks, little treats, or extra cups of tea, were adding up over time.

Then one day, I came across this powerful rule “Pay Yourself First“. This means that as soon as you get paid or receive your salary, you set aside some money for yourself and your future before spending it on anything else. The idea felt very simple, but trust me it’s incredibly powerful.

So, then I decided to try it out.

The Saving Trick – Save 20% Automatically

Here’s how I started saving my money in an easy way:

• I first made the decision to set aside 20% of my monthly income. For instance, I would save ₹10,000 if I made ₹50,000.
• To save me the trouble, I had my bank set up to automatically transfer ₹10,000 to a different savings account on the day I got paid every month.
• This new savings account was like a hidden treasure trove because I didn’t use it for bills or purchases. I only used my primary account to make purchases every day.
• I didn’t have a debit card linked to that account, so I couldn’t easily spend the money I kept there.
• I only made purchases and paid for regular expenses using my primary bank account and apps like UPI.

I had this set up to save money automatically, so I didn’t have to remember to do it or feel compelled to spend it. It did it by itself!

Why This Simple Saving Hack Worked So Well

1. Keep Your Savings Out of Sight to Avoid Spending

If you keep your funds in a separate saving account, which is not linked to any online payment service so that you don’t see them easily once the saving goes there.

2. Automate Transfers to Remove Excuses

Since the transfer was automatic, I couldn’t simply say, “I’ll save some later,” and then forget it.

3. Make Small Sacrifices That Add Up Over Time

I was able to save more money by ordering fewer meals and buying fewer small, pointless items.

4. Enjoy the Peace of Mind That Comes With Growing Savings

I was more at ease knowing that I wasn’t having to fight to increase my savings.

I saved a total of ₹1,00,000 over ten months thanks to this easy habit, and I didn’t even feel like I was losing out.

Simple Comparison: Saving Strategies vs Regular Spending

This demonstrates how crucial it is to manage when and how you save money rather than merely waiting to see what’s left.

Expert Advice: What I Recommend

I took the following extra simple steps to save more quickly:

• Try to use cashback apps, when you feel purchasing necessities. It’s similar to saving money while shopping because they give some money back.
• Buy groceries in bulk once a month instead of going often. It saves money and time.
• Avoid credit cards unless you can pay the full amount back each month. Credit cards can trap you in debts if not used carefully.
• Try the 24-hour rule: wait a full day before making a purchase of something you don’t really need. The desire usually disappears. Most times, the want goes away.

These little adjustments add up and accelerate the growth of your savings.

FAQs

Q1. What if I don’t earn much money?

Ans: A good place to start is with even 5% or 10% of your pay. You can increase your savings as your income rises.

Q2. I know you might have a question like this: “Where should I keep my saved money?”

Ans: In this case the best place is a savings account that provide good interest. You can also create a recurring deposit (RD) or fixed deposit (FD) for short-term which give you extra security and interest.

Q3. What if, before achieving my goal, I choose to spend the money I’ve saved?

Ans: Aim to keep your funds in a location that is difficult to access. Accounts with few withdrawal options or no debit card can help protect your savings from temptation.

Q4. Is this trick suitable for children or teenagers?

Ans: Absolutely! Even young people can ask their parents to help set up a small savings transfer or put allowance money aside. Learning to save early builds good habits forever.

Final Thoughts – You Can Start Saving Today Using This Simple Saving Hack

Saving money isn’t just about earning more. It’s about keeping more of what you earn. This simple saving trick — automatically moving a fixed 20% of your salary into a separate account — helped me save ₹1 lakh in only 10 months without feeling like I missed out on life’s little joys.

You can do this too. Your money will grow gradually if you start with what you can save and keep it separate and automated. Your future self will be glad you started today, I promise!