Want to increase savings? Don't wait until month-end to invest what's left

Remove a portion of earnings at the start of the month from the salary account to an investment account to reduce chances of misspending

Sandeep Ganesh, who graduated from the Indian School of Business and now works for a leading management consultancy in Mumbai, admits that despite earning a handsome salary, he manages to save less than he would like to.
 

About 30 per cent of his net salary goes on account of his education loan, 30 per cent is spent on paying rent, and regular expenses take care of 10 per cent. Of the remaining 30 per cent, 20 per cent or more is spent on what he terms “lifestyle expenses”. So, in any given month, he saves 10 per cent or less.