Side Hustles First
Kickstart your savings journey with side hustles! Consider weekend gigs or part-time work to boost your income. This extra cash can then be directly channeled
towards your LV fund. Remember, every rupee counts, and the hustle is real in India, so make the most of it!
Smart Investment Moves
Next, invest wisely! Explore Recurring Deposits (RDs) or Mutual Fund Systematic Investment Plans (SIPs). This will not only safeguard your money but also help it grow. Choose options that fit your risk appetite and financial goals. Remember, even small investments can compound over time.
Declutter & Sell!
Time to declutter and sell what you don’t need! Look around your home for items you rarely use. Sell them online or at local markets and put the earnings towards your bag. It's like a mini-Diwali cleaning but with a stylish reward at the end. Think 'reduce, reuse, and re-LV!'
30-Day Shopping Rule
Apply the 30-day rule for online shopping. Before buying, wait for a month to see if you still want it. Often, that impulse fades. This helps curb unnecessary spending. Remember, a little patience today leads to a lot of LV tomorrow. Consider it a new age 'satyagraha' for spending!
Vacation Smarter
Rethink fancy vacations. Instead of a luxury trip, consider a more budget-friendly getaway. The money saved can go directly to your bag fund. Think about local travel options or short trips. Maybe postpone that international trip for the time being, and invest it in luxury instead.
Piggy Bank Power
Embrace the old-school piggy bank trick! Keep a physical piggy bank and drop in loose change daily. This small act can add up significantly over time. It creates a sense of accomplishment as your savings grow and gives you something tangible to look forward to, like a LV treat!
Goodbye Zomato, Swiggy!
Cut down on food delivery apps like Zomato and Swiggy. Eating out can quickly drain your funds. Cooking at home is cheaper and healthier. Channel those savings towards your LV goal. Maybe try cooking a few desi dishes at home and save some bucks. Bonus points for inviting your friends!
Cancel Subscriptions
Finally, cancel barely used subscriptions. Go through your list of subscriptions and cut the ones you don't need. The money saved can be added directly to your LV fund. This is a quick way to free up cash and put it to better use.
