Save Up for a Rainy Day: How to Make Your Savings Count This Monsoon!

One of the most important aspects of having a healthy financial life is savings. Saving up for a rainy day is a way to look after yourself and your family in case of unforeseen financial troubles. Getting into a consistent habit of saving also makes it possible for you to spend on special expenses such as a much-needed holiday or your very own home. 

Here are our top 8 tips and tricks to make your savings count this monsoon!

Tip 1: Set Saving Goals

To motivate yourself to save, set a few savings goals for yourself. These can be short-term goals such as saving 30% of your monthly salary for 6 months. You can also set long-term saving goals such as putting together a nest egg to buy a new car or an international holiday. Having a good mix of short-term and long-term savings goals will make it easier for you to stay in control of your finances and save money at a good pace. 

Tip 2: Make Saving Automatic

To ensure that you save with every paycheck you get, you can set up an automatic debit transfer wherein a percentage of your monthly income gets sent to your savings account. You can look at it as a way of paying yourself first and then spending the remainder of your paycheck on your other expenses. 

Tip 3: Pay your Bills and EMIs OnTime

While it sounds straightforward, paying your bills and loan EMIs on time can help you save money. Setting up an automatic payment or direct debit ensures that you never miss a payment and can avoid getting charged any late payment fees. 

Tip 4: Avoid Impulse Shopping

It is wise to avoid impulse shopping. You can do this by not shopping when you are bored, tired, or stressed. Sleep over your decision to spend to gain more clarity on whether you need that item or not. Especially if it is a large expense, wait two to four weeks to see if you still feel like buying it. 

Tip 5: Clear Debts

If you have a credit card, home loans, or other personal cash loans online, clear debt as soon as you can. Not having to pay monthly repayments creates more savings for you. If you have multiple loans, you can also consider consolidating them into one loan through a personal loan or a personal line of credit. This will lower your interest costs and help you get out of debt faster. 

Tip 6: Make Lifestyle Changes

Try creating a budget to map out what your biggest expenses are and where you can cut them down to save money. By making certain lifestyle changes such as cooking at home rather than eating out, cancelling subscriptions and memberships you are not using, or using public transport rather than taking a cab to work – you will be surprised how much money you can save over time. 

Tip 7: Spread your Expenses OverTime

By not spending all your money all at once, you can save more from the same paycheck. Buy Now, Pay Later schemes can help you spread your expenses so you can increase your monthly savings. 

Tip 8: Understand your Personal Finances 

A big part of saving money is having a thorough understanding of your personal finances. Get in the habit of reviewing your credit report and credit score regularly. Keep an eye on your expenses as well as rewards. If there are any cashback options with your financial products or money-saving schemes from your online loan app, research them and see if they can be of use to you. 

There you go! Saving money is not a destination, it is a journey. It is a habit that is built over time that can help you improve your present and future. It may be a daunting endeavour, but the good news is that there are many ways to save money. So, you can start wherever you are and you can start today! 

CASHe is an online loan app offering instant cash loans, Buy Now, Pay Later, and online lines of credit services. Download the app today! 

CASHe Logo
CASHe Team Welcome to the CASHe blog, your trusted source for insightful articles on personal loans, credit lines, digital gold, finance, lifestyle, and more. Our team at CASHe is a dedicated group of writers, editors, and subject matter experts passionate about simplifying finance for our readers.


  • Personal Loan (77)
  • Credit Line (16)
  • Travel Loan (10)
  • Consumer Durable Loan (4)
  • Whatsapp Loans (2)
  • Two Wheeler Loans (7)
  • Mobile Loan (4)
  • Medical Loans (1)
  • Marriage Loans (8)
  • Car Loans (8)
  • Home Renovation Loan (2)
  • Education Loan (7)
  • Credit Card (3)
  • Digital Gold (1)
  • Social Loan Quotient (1)
  • Medical Loans (1)
  • Miscellaneous (0)

Featured Posts

CASHe Loan Products

Types of Personal Loan: