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All of us can agree that payday is the best day in all our lives in the whole month unless something bigger came along (like your birthday). We wait for this since the day we go broke, it could be a couple of days before the month ends, or probably a week, or maybe a fortnight! We all have different spending habits and different range of income so the way of saving money could also differ from person to person. People will tell you to invest the money, or put in a bank, or probably buy a property, something that will give you long term benefits. What about the daily hacks?

What about the money we go around wasting on junk food and irrelevant things? We never give a second thought before spending. This kind of splurging is the reason most of us go broke before the last week of the month. The point is whatever said and done, we millennials do not take our finances seriously, the moment money arrives in our bank accounts, the first thought that crosses our mind is to spend that money rather than saving a part of it before going on a splurge. Today we are going to talk about some millennial hacks to save your hard-earned money.


If you want to save money from your income, then the first and foremost thing you must do is plan your expenses and savings according to your salary. First, list down all the necessary expenses, pay them off first, then you can plan on saving anything between 20 to 30% of the remaining amount depending on your spending capacity. This will release a lot of stress from your head and you will see yourself in a comfortable position throughout the month.


Promise yourself! Next time you are walking next to a shopping outlet, you will control yourself and look away (well not every time). The most necessary expenses should get the priority. Going on a shopping spree is not a good idea when you are already running low on funds. Rather you can save for a couple of months to buy an upgraded version of your desires!


Flights can be so much expensive, especially when you are booking at the last moment. At times like these you can use travel cards to make bookings. Travel cards offer frequent flyer points on every travel, these points are called ‘Miles’.  These miles are equivalent to money and you can use these points on your next booking, plus these cards also include offers on fuel surcharge and premium lounge access, so this is the most efficient way to save on travel expenses. If you want to check some good options, click here.


Bad habits are not just wastage of money, they are also a reflection of your unhealthy lifestyle. Habits like smoking and drinking take away your money to kill you as soon as possible, which basically means that you are spending your money to kill yourself! That is just sheer stupidity (no offence intended)! A pack of cigarettes costs approximately 250 bucks on an average, if you buy 4 packs a week, you are spending 12,000 rupees a year to sponsor your death! Just do the math and say ‘NO’.


Have you ever heard of coupon websites? NO? well then google it! There are so many different coupon websites available where you can just grab a deal of your choice at a very low price and then use those coupons to make your purchases. Collect these coupons in bulk to earn more rewards and discounts on every purchase!


To stay away from a debt trap, always remember to pay the credit card bills on time. Once you miss the pay date, you will be charged with a penalty plus the interest on the amount, this may cost you a fortune unnecessarily so keep your payments in check, set a reminder so that you never fall behind.


One bad habit we all have is withdrawing from savings account every time we are short of money. Warren Buffet once famously said – “Do not save what is left after spending; instead spend what is left after saving.”  We often finish all the money in our salary account and then start withdrawals from the savings account. Stopping this habit will ensure that you start spending wisely and build a stable bank balance.


Modern surveys will tell you that the growth rate of ordering online food has been a staggering one, it is very much obvious given the number of food ordering apps we have on our phones these days. These apps lure us into buying food from restaurants by making things easier for us and we pay a few hundred bucks to save a little effort on our own meal. Learn a new recipe, cook for yourself, pack some lunch and have fun doing some thing new. Ordering less online will keep you healthier and save you a fortune.


If you have taken a loan from the bank and have been paying the installments diligently then you can opt for a balance transfer to another bank for lower interest rates. This will shift a little burden off your shoulders, but make sure you don’t miss out on timely payments so that you can avoid any late charges or penalty.


When you are about to buy a new appliance or accessory, make a rule of waiting for 30 days at least. If it is very important, you will buy it before that timeline but if it is not completely necessary, wait out 4 weeks at least to see if you need it. This will prepare you for a big expense financially and there is a possibility you might lose the urge to buy it if it doesn’t have that much importance in your life.

These are 10 life hacks you can use to save a bit more every week and may end up with good amount of savings. You can use those savings to invest in your future. No matter how cliché it sounds it is true ‘a little bit of savings today is an investment for tomorrow’. If you like reading stuff, we write do let us know by writing to us at support@credikaro.com. Tell us what you want us to write about and we may do a blog for you! Keep reading to stay updated and keep coming back to us.

Till then…. Happy buying!

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