Has your credit card become your weakness? This one habit will help you regain control.

It's not the credit card itself, but the right saving habits that keep your budget under control.
Monthly Savings Habit: Are you also troubled by sudden, large expenses? Then learn what a sinking fund is, why it's better than a loan, and how it will make your financial life easier.

Monthly Savings Habit: Often in our homes, the salary comes in, expenses are under control, and everything seems normal. But then suddenly, a large expense arises. For example, a phone breaking down unexpectedly, insurance premiums, car repairs, or a family function – making a large payment in a single month becomes difficult, and people resort to credit cards or personal loans out of necessity. Surprisingly, these expenses aren't sudden; we usually know they're coming. But we have a habit of not preparing in advance, and to change this habit, we are going to tell you some easy ways today.

What exactly is a sinking fund?

A sinking fund is a simple habit where we set aside a small amount of money from our salary every month for upcoming large expenses. It's neither an emergency fund nor an investment plan. It's simply a planning method that allows you to manage your future expenses today. This means that when trouble strikes, you are prepared beforehand instead of borrowing money, taking out a loan, or using a credit card.

Why is this method better than a loan?

The real problem isn't the money itself, but the timing. When you have to pay ₹60,000 at once in a year, it feels like a heavy burden, but the same amount becomes easier if it's spread over 10 months. With a loan, we postpone the payment and pay interest, while with a sinking fund, we spread the payment in advance without any extra charges.

Where to keep the money so there's no tension?

The money in the sinking fund should be kept in a place where it can be accessed immediately when needed. Safe options like a savings account or liquid funds are suitable for this. It's important to keep this separate from your everyday spending account so that the money isn't accidentally spent.

How does this change your life?

When you pay a large bill comfortably for the first time without taking out a loan, you realize that the problem wasn't with spending, but with preparation. Gradually, your dependence on loans and credit cards decreases, and your financial life feels more stable.

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