In a UPI-First World, a Mumbai Finance Expert Shares What’s Helping Young Indians Save |
For a lot of young Indians, 1 April isn’t just about taxes or salary cycles. It’s that moment when you open your bank app, scroll through recent spends, and think, “Okay, this year I’ll actually get my money sorted.”
But between endless UPI taps, late-night food orders, Rs 299 subscriptions you forgot you signed up for, and impulsive “add to cart” moments, saving often takes a backseat, especially for young earners in the Rs 3.5–Rs 8 lakh range across urban India.
According to Rohit Rangan, a Mumbai-based investment professional, the problem isn’t income; it's often how we approach money. “Most people operate with an ‘earn to spend’ mindset. The shift needs to be towards ‘earn to build’,” he says.
Here are 7 simple, actually doable money habits, backed by expert insights, that young earners can realistically stick to this year.
1. Start with tracking, not budgeting
Before setting targets, understand reality.
Rohit suggests starting with a simple exercise: track every expense, no matter how small.
“Write down everything: travel, food, groceries. Once you see the data, patterns emerge. You’ll know exactly where your money is going and what can be cut.”
This is especially important in a world of frictionless payments, where money often leaves your account without you noticing.
Track daily or weekly spends
Track daily or weekly spends
Use a notebook, Notes app, or Excel
Use a notebook, Notes app, or Excel
Focus on consistency, not........