“It's not your salary that makes you rich, it's your spending habits.”
– Charles A. Jaffe
WHAT
What do we mean by financial clutter?
Financial clutter is being unorganised or unthoughtful, with our finances.
And the process of financial decluttering helps you with that. It doesnt just help you with managing your spending habits, but also pushes you to grow new arenas for income.
WHY
Why financial declutter?
What we think being strong financially means
- Unlimited spending
- Upgraded lifestyle
What actually financial freedom is
- Wealth creation
- Flexible lifestyle
- Holistic wellbeing
- Purposeful choices
- Experienced investment
HOW
How to work on financial clutter?
Did you know that after a certain amount of wealth accumulation, money no longer leads to happiness. So how to know what is that amount? How to stop there?
More important, are you working towards financial independence or financial freedom?
Let us dig deep into these questions and understand how to build the real wealth, including money :-)
"A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life."
– Suze Orman
Purchase the Financial Decluttering e-book
5 immediate tips
Have a no spend day weekly/ monthly
To begin your financial declutter day, set aside a day each week or month to refrain from spending. This helps you reset your financial mindset and regain focus on things that matter.
Carry budgeted cash
Using cash for your budgeted expenses helps you stay accountable and avoid overspending. It creates a tangible limit that reinforces your commitment to financial discipline and mindful spending. You can set a weekly budget and withdraw the amount accordingly.
Remove multiple bank accounts from UPI
The more number of accounts you have linked to your UPI, higher the tendency to QR scan off payments easily throughout the day as smaller transactions get unnoticed. Have only the one that’s needed and remove the rest.
Save 20% & then invest
While saving is important, keeping all your funds in savings can limit your financial growth. By saving at least 20% and then investing the rest, you create opportunities for your money to grow, helping you build wealth over time.
Cut down on multiple credit cards
Having too many credit cards can lead to overspending and complicate your financial management. By reducing the number of credit cards you use, you simplify your finances, making it easier to track spending and avoid unnecessary debt.
