Budgeting Basics
Learn how to track your income and expenses to take control of your money.
A budget is simply a plan for your money. It helps you know where every rupee goes.
Why Budget?
Without a budget, money disappears. With a budget, you control your money instead of money controlling you. Even Rs. 10,000/month can be managed well with a plan.
The 50/30/20 Rule
Divide your income: 50% for needs (rent, food, bills), 30% for wants (clothes, entertainment), 20% for savings/debt. This is a starting point — adjust for your situation.
Track Every Rupee
Write down everything you spend for one week. You will be surprised where money goes. Use a notebook or phone app.
Cut One Thing
Find one unnecessary expense and cut it. That money goes to savings or debt payment. Even Rs. 200/day saved = Rs. 6,000/month.
💡 Key Tips
- ✓ Start with a notebook — no fancy apps needed
- ✓ Track spending for 7 days before making a budget
- ✓ Review your budget every Sunday evening
- ✓ Pay yourself first — save before spending
📝 Quick Quiz
Answer these questions to complete the lesson and earn your badge.