Money Saving Formulas: In today’s world, a large number of people have a good income, yet at the end of every month, they feel like their money has simply vanished. They neither know exactly where their money went nor understand how to save. This is why, despite a decent income, financial pressure and stress persist.

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Taresh Bhatia, a certified financial planner and founder of Richness Academy, believes that this problem is no longer limited to just a few people but is seen in almost every household. According to his experience, the real problem is not earning less, but rather not managing money properly.

Income is there, but no system

Taresh Bhatia explains that most people earn money, but they don’t create a fixed system for it. There’s no savings plan, no tracking of expenses, and no clear investment strategy. As a result, only disappointment remains at the end of the month, and the next month begins in the same cycle.

According to him, if some basic habits are adopted to guide income in the right direction, the financial situation can be strengthened even without an increase in salary.

Prioritize savings before spending

People often think that they will save whatever money is left at the end of the month. But the reality is that in most cases, nothing is left. This is why Taresh Bhatia advises that saving should be prioritized before spending.

He says that automatically setting aside a fixed amount from your account at the beginning of the month is the most effective solution. This amount can be transferred to a savings account or an investment option. Doing this not only ensures savings but also provides the confidence that something has been secured for the future.

Track your expenses

Nowadays, money is being spent most on things we don’t even realize. Small digital payments, online subscriptions, and impulsive shopping add up to a large amount. According to Taresh Bhatia, if every expense is recorded through an app, a person automatically understands where their money is being wasted. When expenses are clearly visible, the decision to reduce them becomes easier.

Take advantage of cashback and rewards

In this era of digital payments, almost every platform offers some kind of benefit. Credit cards, UPI apps, and online shopping platforms offer cashback and rewards, which people often take for granted.

Taresh Bhatia believes that if these offers are used wisely, a significant amount of money can be saved over the year. This method is not only beneficial for high earners but also for those living on a limited budget.

The wisdom of sharing expenses with friends

Often, due to social pressure, people end up paying the entire bill themselves, whether it’s for an outing or a trip. But in the long run, this habit puts a heavy burden on their finances.

Today, many digital tools are available that allow expenses to be easily shared among friends. Taresh Bhatia says that sharing expenses not only reduces the financial burden but also prevents misunderstandings about money in relationships.

Even small amounts can build significant wealth

Many people don’t start investing because they think they don’t have a large sum of money. But according to financial experts, the power of investment lies not in the amount but in regularity and time.

Taresh Bhatia explains that even a small SIP (Systematic Investment Plan), if continued for a long time, can transform into strong financial security. This not only grows your money but also develops the habit of investing.

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Create a system for your money, and your worries will automatically decrease

Finally, Bhatia says that the biggest reason for financial stress is disorganization. When a simple system is created for savings, expenses, and investments, mental anxiety automatically decreases.

According to him, financial freedom is not achieved through complex plans but through the right daily habits.