At the end of the month every middle class Indian house hold wonders, where all the money went ?? In India personal finance is something which is not taught to everyone and budgeting is something people learn later in their age . So if you are some one who earns ₹25,000 or ₹1,00,000 a month this article will help you take charge of your finances and budget with ease.
Inflation is something which is creating a huge hole in every Indian house hold . The price of the products and services are sky rocketing and the middle class Indian is under pressure . Without a plan, even good income feels “not enough.” So designing a proper budget helps you:
Control spending
Save for goals
Avoid debt traps
Achieve financial freedom
That Includes :
Salary (in-hand) – Your regular income from a steady job .
Passive income – Which you make by Side hustles/freelancing.
Rental income – From your property or from any other assets .
You can Use a Google Sheet or budgeting app like Axio or Money View.
Break it down:
Fixed Costs (Rent, EMI, Insurances, flat or house maintenance)
Variable Costs (Groceries, transport, EB bills, Mobile & Internet)
Lifestyle Costs (Dining, shopping, entertainment)
Use apps like:
Axio (auto-tracks SMS spends)
ET Money
Bajaj Finserv App
The 50-30-20 Rule (Indian version):
50% Needs (Rent, groceries, bills)
30% Wants (Movies and eating out)
20% Savings & Investments ( stocks , FD, Gold )
If you can’t do 20%? you should start with 10% and slowly scale.
| App Name | Features |
| ET Money | Tracks spends, SIPs, goals |
| Axio | SMS-based expense tracking |
| Money Manager | Manual input, budget categories |
You can automate your savings (SIPs, Recurring Deposits)
Try to use cash for daily spends (you’ll spend less)
Always review your budget monthly
Try to set financial goals: emergency fund, travel, car, etc.
Reduce subscription traps (Netflix, Amazon, etc.)
Q: Is budgeting even possible on a low income?
Yes! Even saving ₹500 monthly adds up over time, that’s the power of compounding
Q: Should I invest or pay off debt first?
Pay off high-interest debt first. Then start SIPs , learn how to close the debt faster.
Q: What’s the best free budgeting app?
Try Axio for auto SMS tracking and ET Money for investing and tracking.
Budgeting is not about restrictions. It’s about gaining financial freedom — to spend without guilt and save for dreams, and stop living for paychecks.
So, start today. Even a small change can lead to a big impact in 2025.
