How To Live On A Budget In India?

Living on a budget in India is no easy task. With the cost of living continuously on the rise, it cannot be easy to make ends meet and still find enough money to save for the future. Fortunately, there are several tips and strategies that you can use to manage your finances better and live on a budget in India.

Now, we will discuss how to cut back on expenses, save more money, and other useful tips that will help you stay within your budget while living in India. You can even rent things to save money, like you can get a small chair and a mini fridge on rent.

How to live on a budget in India?

  1. Decide what your priorities are: Before you start cutting back on expenses, take a moment to think about what your priorities are. What do you need to spend money on to live comfortably? Make a list of your must-haves and nice-to-haves, then reduce the costs of items in the latter category.
  2. Track your spending: Once you know your priorities, it’s time to start tracking your spending. It will help you identify areas where you can cut back. Several ways to track your spending include using a budgeting app or simply writing out all of your expenses in a notebook.
  3. Cut back on unnecessary expenses: After you’ve tracked your spending for a month or so, you’ll likely have a good idea of where you can cut back. Start by eliminating unnecessary expenses, such as subscriptions or memberships you don’t use often. Then, look for ways to reduce the costs of necessary expenses, such as negotiating with service providers or looking for discounts.
  4. Create a savings plan: Once you’ve reduced your expenses as much as possible, it’s time to start saving up! Begin by setting aside money each month for savings, such as an emergency fund or long-term goals like retirement.

How to Make a Budget In India:

Here are some tips on how to make a budget in India:

  1. Know your income: The first step is to know how much money you have coming in each month. It will be your starting point for creating a budget.
  2. Make a list of expenses: Once you know your monthly income, list all your regular expenses. It can include things like food, transportation, rent, utilities, and so on.
  3. Track spending: Track everything you spend money on for a few months. It will help you to see where your money goes and where you may be able to cut back on spending.
  1. Create a budget: Once you have all this information, you can create a budget that works for you. Be sure to give yourself some flexibility with your budget to enjoy your life while saving money.


Living on a budget in India is not easy, but it can be possible with the right strategies in place. By creating a budget plan, understanding your financial situation, and researching ways to save money, you can make the most out of what you have while still enjoying life. With careful planning and determination, living on a budget in India can become second nature.

Start today by setting achievable goals that are within reach and take small steps towards achieving them – every effort you make will get you closer to living on a budget and not spending exponentially.