The One Liner

Gen Z & Millennial Wake Up, If You Are Broke: Take This 30 Days Saving Challenge Now! And Live Like A Boss.

Dear Gen Z and millennials, we understand that we all live in a time when expenses are much higher than we can rarely afford. On Day 1, our bank account looks great, but by the end of the first week of the month, it seems how broke we are! 

We know you have money, but you are broke. 

However, if we mindfully invest and spend money, plan our finances, and aim to achieve our financial goals, it will be much easier to inch towards our ultimate financial wellness goals. 

So, saving is a must, as is investing in the right asset. Sadly, India still lacks financial literacy, but what if we strive towards financial wellness by using goal-setting techniques such as 30 Days Money Saving Challenges? 

Even Warren Buffet, a leading investor in the USA, once said,


Do not save what is left after spending, but spend what is left after saving.

Warren Buffet

30 Days Saving Challenge

Week 1: Setting a plan

 #Day 1

Calculate your net income:

First we start with gross income, which is a total income before any deductions (it includes your salary, bonus, perquisites, income from house property, capital gains, income from any other sources like dividend, commission, return on investment etc.) then we deduct taxes from gross income then subtract other deductions, we arrive at net income which is your final monthly income. 

#Day 2

List all monthly expenses:

Expenses can be fixed and variable in nature. Individuals should have track of the monthly as well as daily expenses so that it helps to plan budget realistically.

#Day 3

Set financial goals:

Identify your financial goals and prioritize them. This will help you to stay motivated to stick to your budget. Clearly define short- term and long-term financial goals that help to guide your financial decisions.

#Day 4

Create a budget plan: 

Draft a budget plan that helps in determining needs and wants. Budget plan helps to manage day-to-day expenses. It promotes personal as well as financial goals.Personal and Financial goals are important to include in the budget so that we can plan our financial practices, enhanced financial management , making strategies  and better allocation of resources.

For example: Mr. X earns Rs. 20000 per months so, he do financial planning like in 50:30:20 (which is needs: wants: savings)

#Day 5

Research before buying anything:

Do research online to find the best price. It gives us time to decide if we really need it. 

#Day 6

Talk to a financial advisor

If you have any problem related to finances, always try to visit a financial advisor to solve and understand it.

#Day 7

Understand the basics of taxes

Try to acquire the skill to do tax planning to save from high taxes. For Examples, deposit in health savings accounts(HSAs), tax deferred investments,deduction of  business assets-under head income from professional and business income, deduction for medical insurance premium,Investment in pension fund etc. are the examples to do tax planning.

Week 2: Execute and implementation of the planning

#Day 8

Set aside money for savings:

Write down your fading funds, savings and debts that you will be paying this pay period with your paycheck.

#Day 9 

 Build an emergency fund:

Start building an emergency fund to cover emergency needs. Try to aim for three to six months worth of living expenses. Having financial safety can provide peace of mind and stability.

#Day 10 

Invest for the future:

Consider investing for long-term goals for the future to make it stable. 

#Day 11

Follow the 20% Principles of investing: 

It is a budget method like for needs it is 50% of your income then for wants it is 30% and for savings it is 20%. It is not a widely recognized or standardized term in investment theory. However, it is based on general financial principles.

#Day 12

Create a Retirement Account:

It has both from government schemes and private initiatives like Employee Provident Fund (EPF) which is mandatory savings scheme for employees in India, where both the employee and employer contribute a portion of employee’s salary towards retirement savings, and there are many schemes Employee Pension Scheme (EPS), Public Provident Fund (PPF), Gratuity, National Pension System (NPS) it is a voluntary retirement savings scheme. 

#Day 13

Don’t cash out your retirement funds:

If a person withdraws from it can lead to immediate financial penalties and taxes, loss of compounded growth, diminished retirement savings, face difficulty in rebuilding savings and overall impact on retirement planning.

#Day 14

Automate your investing:

Make your investing an automatic transfer from your bank account so you don’t have to worry about it.

Week 3: Managing and reducing expenses

#Day 15

Keep checking expenses

That your expenses should not be more than your income. Make a habit of regularly monitoring your spending.


Find ways to increase your income:

Always try to explore our source of income to grow your financial resources. It helps to achieve financial goals. 

#Day 17

Buy two or three credit cards:

Buy two or three cards only if necessary and you can manage them responsibly. Using two or three credit cards strategically can offer several financial benefits, including potential savings. Having two or three credit cards can be advantageous like getting maximum rewards and benefits, building and improving credit scores, access to higher credit limits and other different card benefits. 

#Day 18

Buy assets and drain liabilities: 

Buying assets can build wealth by investing in property and real estate, stock and equity investments, generating passive income, tax benefits and incentives and overall providing financial security and stability.

#Day 19

Rent if you’re tight on budget: 

It provides financial security having predictable monthly expenses, no maintenance costs and it is flexible in nature and creates investment opportunities. 

#Day 20

Buy second hand things: 

Try to buy secondhand things like second hand cars etc. as saying one man’s trash is another man’s treasure.

#Day 21

Spend money on business ideas:

By spending in business ideas can generate additional income, tax benefits (like business expenses, depreciation) , help in building equity and value, reinvestment and compounding and overall leads to personal development and networking.

Week 4: Long term financial plan

#Day 22

Getting a life insurance policy:

It provides several financial benefits like protection for dependents, saving components (permanent life insurance), retirement planning, long-term care benefits. 

#Day 23

Education savings:

It helps in avoiding student loans and high interest which leads to debt-free education and overall it encourages doing higher education and careering advancement. 

#Day 24

Paying off debt:

Try to pay off all previous debt to save from any accruing interest. 

#Day 25

Make a plan for unexpected expenses:

Make a plan for what you will do when unexpected expenses arise or you have to be mindful for spending urges. 

#Day 26

Track your spending and stay updated accordingly: 

This will help you to see if you have made a realistic budget and whether or not you can stick to it.

#Day 27

Don’t keep your bank accounts empty:

Always try to maintain some liquid in your bank accounts to avoid overdraft fees, earning interest from it and improve financial discipline.

#Day 28

Having a mindful and careful with money:

Always having skills to manage money mindfully so that it saves from overspending.

#Day 30

Don’t ever choose debt consolidation:

Be careful before taking any loans or debt which can lead to financial instability for the future.

By following these tips for 30 days you will gradually build a strong financial plan, implementing a plan for long term financial goals. 

Final Thoughts

In a nutshell

Reflexology is definitely an ancient technique with modern wisdom. It includes potential benefits such as pain relief, pain reduction, and improved overall well-being. 

Reflexology therapy is a fantastic therapy that can improve almost every dimension of our life for  better health and comfort of the body and mind. 

Do let us know in the comment below, on what you think. 

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