Tips to Help You Save Money in Gurgaon

Living in Gurgaon is something that you’ve been dreaming of for a long time. But now that the dream is about to turn into a reality, you’re realising just how expensive it is. And as a young person planning to live alone for the first time, managing your finances can be pretty tricky. Even if you find a small space on flat and flatmates in Gurgaon to help you split the cost, there’s plenty of other hidden expenses in your life that are going to be making a hole in your wallet. So, with all that pressure, how do you manage to save anything at all? Well, learning how to manage your money well is something that requires a lot of practice and some trial and error. And building some healthy money habits when you’re young can really help ensure that you’re financially stable throughout your life. So, why not start now? Here’s our list of the best tips to help you save money in Gurgaon.

Change your phone plan

These days we use our smartphones for everything – from calls and texts, to ordering food, to shopping. But how often do you think about the amount of money that you spend on your phone plan or the offers that you can avail? The truth is that a little smart planning can help you save a lot of money. If you have WiFi access at your home and your work, it may not make sense for you to be spending a ton of money on data packs every month. Similarly, switching to a prepaid plan from a postpaid plan will also cost you less. Finally, a lot of companies like Airtel and Jio offer exciting perks like Amazon Prime and Wynx subscriptions along with every recharge, so you can save money on a cable connection and make use of these instead.

Reduce your entertainment expenses

Okay, you’re probably thinking that this is the obvious answer when it comes to saving money, right? But cutting out all your entertainment is not what we’re suggesting. We’re talking about reducing the expense on entertainment. For example, if you’re someone who loves to eat at restaurants, try and switch things up by organising potlucks with your friends, or ordering in with discount codes instead. If you have subscriptions to gyms or clubs that you’re too busy to use, cancel them instead, and opt for freehand workouts or walks in the park. Stop buying newspapers or magazines and download a news app on your phone instead. And of course, thanks to Netflix and Hotstar and all the other streaming services, you really don’t need to be heading to the theatre to catch a film. So, make some smart choices when it comes to entertainment, and you’ll be able to save a pretty penny.

Be smart with grocery shopping

When it comes to saving money, it’s not just cutting down on large one-off expenses that helps. Reducing the regular costs does too. And if you’re not shopping smart when it comes to buying groceries, you could end up wasting a lot of money. First things first, you need to plan when to go shopping. There’s no need to head to the store every day, you can easily get everything you need by shopping once or twice a week. This will also reduce the amount of impulse purchases that you make. Check your fridge before you head to the store and make a list of what’s run out or needs replacing so that you don’t end up buying unnecessary things or forgetting essentials. When you can, opt to buy in bulk, as you’ll probably get a better deal. And most importantly, if your regular grocery store has a loyalty card or a membership plan, make sure you sign up for it. You’ll be able to accumulate points every time you shop and use them to avail discounts and rewards.

Be energy efficient

You may think that having a studio apartment in Gurgaon for rent is enough to help you save money, but your electricity bill probably says otherwise. With the AC on all summer and the heater running through winter, you’re probably racking up a heavy sum. So, you need to do your part to save what you can for the sake of your wallet and the environment. Switch out any incandescent bulbs with CFL or LED bulbs. These are four times as energy efficient and last for years. For every bulb that you replace, you’ll be able to save around fifty rupees a month on your electricity bill. And remember to switch off and unplug devices that aren’t in use. You might think that leaving your laptop charger plugged in or your washing machine turned on isn’t costing you, but that’s not true. All these add up and unplugging them can help you save quite a bit. 

So, there you have it. These money saving tips should help you save up and manage your finances better in Gurgaon. Go ahead and put them into practice!