<b>Your Money:</b> Making a household budget is tedious, but fruitful

Start small by noting down expenses for a month and then decide on allocation

Most families, over the years, have this common lament:  Their incomes have risen at a decent clip but savings continue to languish. And, this could happen because the family isn’t nimble to changes. 

For example: With Reliance Jio offering dirt cheap rates on data, competitors Airtel and Vodafone have come up with similar packages. The question is how many have taken the trouble to change their mobile plans to take advantage of this. From the days of Rs 1,000-plus mobile bills, one can possibly bring it down to Rs 500-600 if careful. That is a saving of almost 50 per