"5 Simple Money Habits to Build Wealth and Reduce Stress"
Managing money isn’t just about earning more — it’s about making the most of what you have. Yet, 70% of people admit they live paycheck to paycheck, according to a 2024 financial wellness survey. The good news? You can break the cycle. Whether you’re fresh out of college or a working professional trying to get ahead, these five money habits will help you save more, spend smarter, and grow your wealth over time. 1. Pay Yourself First Instead of saving what’s left after spending, flip the script. The moment you get paid, put a fixed percentage into savings or investments. Example: Ravi, a 26-year-old IT professional, automated ₹7,000 from his salary into a mutual fund SIP every month. Without even noticing, he built a corpus of over ₹3 lakh in just 3 years. How to start: Set up an auto-transfer to a savings/investment account on payday. Begin with 5–10% of your income and increase it gradually. 2. Track Your Spending Most people underestimate their monthly spending by 20...