Top 5 Rules Of Money To Stay Financially Fit

Top 7 Rules of Money to Stay Financially Fit

Embarking on the journey towards financial well-being is not just an individual endeavors; it's a family affair.

Each member plays a crucial role in shaping the collective prosperity. This comprehensive guide navigates the principles of financial harmony, touching upon the experiences of individuals, the financial stewardship of housewives, and the budding financial literacy of children. From spending wisely to nurturing a positive money mindset, our holistic approach aims to empower every family member in the pursuit of a prosperous and balanced life.

Rule One: Spend on what you love and pull hands on rest.

Imagine you love exploring the foods, restaurants or love to go on vacations, instead of saving on the routine things, consider saving on bigger things, so that you can enjoy what u love,
This way you can afford those spontaneous trips or cultural experiences or best foods with family that resonate with your interest and passions. Friends consider allocating significant portions of your budget to follow and cherish what you love most. 

Implement strategy in cost-cutting for non-essential items.

So, what you need to do:

(1)  Perhaps opt for cost-effective alternative in daily expenses

(2)  Opt for homemade food/coffee during the weekend,

(3) Plan weekly grocery shopping mindfully, reserving a bit for a quality ingredient or small pizza party. 

(4) Children's should save a part of the pocket money for a Favorite toy or a fun outing.

Rule Two: Simplicity champion in financial matters

In the city life, where credit and debit cards are need for the digitalization, rather than juggling multiple credit cards and bank accounts, consider streamlining too just a few.

This not only make it easier to keep track of expenses but keeps you free from financial stress. Designate one credit card for daily expenses like groceries and bills to simplify.

financial transactions.

Things to DO

(1) Minimize numbers of Credit and debit cards

(2) Minimize number of bank accounts

(3) Do shopping and purchases from one designated card, so that you can track the amount.

Rule Three: Focus on larger questions rather on basic questions.

Let’s say you are living in metropolitan city, instead of focusing on smaller questions related to daily expenses or cost, focus on big financial gains or wins. 

So, what you need to do:

1. Investing a portion of your income

2. Negotiating a salary that reflects your skill

3.Strategic assets allocations

4.Diligently manage your loans/credit card spending

5. Analyzing the monthly budgeting areas where you can cut your expenses on non-essential items, compounding effect of few bucks will have huge effects in 5-10 years through compounding.

6.look into your saving on grocery through negotiate or buy in sale or malls which gives discounts, 

7. Choose public transport during the week. 

8. Create simple weekly meal plan to minimize unnecessary grocery purchase.

Let me tell my lessons saving on transport.

"My monthly expenses on fuel were INR 4500 PM and Parking was INR 1500 PM for commuting from residence to my office. This roughly means Fuel INR  4500 x 12 = INR 54000 PA and Parking INR 1500 x 12 = INR 18000.Both comes to 72000 INR.

I decide to Travel by Metro, costing me INR 2400 PM (average 26 days working). So, it roughly come to INR2400 x 12 = INR 31200.

I saved INR 18000 for parking and INR 22800 on travelling. Total approx. INR. 40800 PA, which make me have money for investment and you can imagine its compounding after 20-25 years will be in crores."


Believe me once you understand the difference between what essential and non-essential purchase is, you will gain the wisdom towards financial independence.

Rule Four: Establish a guilt free spending system.

Let’s say you enjoy some passion, relishing diverse cuisines, local festival, structure your budget to accommodate these passions, instead of feeling guilty about spending on these things.

So, what you need to do:

(1) Resist the urge to buy the latest gadget on a whims

(2) Instead allocated a portion of your monthly budget to a tech fund. 

(3) Childrens should encourage thought full spending on hobbies or activities.

Rule Five: Your money mindset Transends your account balance.

Imagine you have decent job or just landed with good job. Remember it’s not having higher bank balance, but understanding where your money is going,

So, what you need to do:

1, Keep track of your expenses

2.Set up automatic savings and investments habits.

3.Cultivate a positive attitude towards your finance.


Dear friends it’s not about the numbers, it’s about feeling confident and in control of your financial journey.

Conclusion:  Top 5 Rules of Money to Stay Financially Fit

Start or end your day by acknowledging one positive aspect of your financial situation and promoting a positive money mindset.

Having regular family discussions about financial goals and priorities will collectively help in making all members understand its essentially collective efforts, to attain financial independence.

By applying these principles across the family spectrum, individual’s, housewife’s and children can collectively shape a positive and responsible approach to family finance.

Stay tuned for more insights into common money myths, quick way to enhance financial wellbeing and practical tips for a prosperous family life.


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