If you eliminate small unnecessary expenses and invest that money wisely, you can build a huge financial cushion for your child’s future. Here are 10 things you can skip in daily life and invest the savings!
Table of Contents
1️⃣ Skipping Tea/Coffee Outside ☕
- Daily Cost: ₹10-₹50
- Monthly Savings: ₹300 – ₹1,500
- Investment Plan: Invest in a Nifty 50 Index Fund
- Future Value (10 Years at 12% CAGR): ₹6 – ₹30 Lakhs
2️⃣ Skipping Unnecessary OTT Subscriptions 🎥
- Monthly Cost: ₹200 – ₹500 (Netflix, Amazon Prime, Disney+ Hotstar)
- Investment Plan: SIP in Equity Mutual Funds
- Future Value (10 Years at 12% CAGR): ₹5 – ₹12 Lakhs
3️⃣ Skipping Eating Out & Junk Food 🍔
- Weekly Cost: ₹500 – ₹1,000
- Monthly Savings: ₹2,000 – ₹4,000
- Investment Plan: Invest in Sovereign Gold Bonds (SGBs)
- Future Value (10 Years at 12% CAGR): ₹20 – ₹50 Lakhs
4️⃣ Skipping Branded Clothes & Shoes 👕👟
- Annual Cost: ₹10,000 – ₹25,000
- Investment Plan: Invest in Nifty 50 ETF
- Future Value (10 Years at 12% CAGR): ₹30 – ₹80 Lakhs
5️⃣ Skipping Frequent Smartphone Upgrades 📱
- Annual Cost: ₹20,000 – ₹50,000
- Investment Plan: Buy Blue-chip Stocks (HDFC, TCS, Infosys, Reliance)
- Future Value (10 Years at 15% CAGR): ₹50 – ₹1 Crore
6️⃣ Skipping Unnecessary EMI Purchases 💳
- Monthly Cost: ₹2,000 – ₹5,000 (Unwanted loans, Buy Now Pay Later, etc.)
- Investment Plan: Invest in a PPF Account (Public Provident Fund)
- Future Value (15 Years at 7.1% CAGR): ₹30 – ₹80 Lakhs (Tax-Free)
7️⃣ Skipping Luxury Vacations ✈️
- Annual Cost: ₹50,000 – ₹1,00,000
- Investment Plan: Fixed Deposit (FD) + Mutual Funds
- Future Value (10 Years at 10% CAGR): ₹1.5 – ₹2.5 Crores
8️⃣ Skipping Unused Gym Memberships 🏋️
- Monthly Cost: ₹1,500 – ₹3,000
- Investment Plan: Invest in Debt Mutual Funds (Safe Investment)
- Future Value (10 Years at 8% CAGR): ₹3 – ₹7 Lakhs
9️⃣ Skipping Impulse Online Shopping 🛒
- Monthly Cost: ₹1,000 – ₹5,000 (Amazon, Flipkart, Myntra, etc.)
- Investment Plan: Recurring Deposit (RD) or Stock Market
- Future Value (10 Years at 12% CAGR): ₹5 – ₹25 Lakhs
🔟 Skipping Cigarettes, Alcohol & Other Unhealthy Habits 🚬🍻
- Monthly Cost: ₹2,000 – ₹5,000
- Investment Plan: Invest in Health Insurance & Term Plan
- Future Value (20 Years at 10% CAGR): ₹50 Lakhs – ₹1 Crore
🔥 Final Takeaway: Small Savings → Big Wealth
By eliminating small daily expenses, you can easily generate ₹50 Lakhs to ₹2 Crores in 10-20 years for your child’s education, marriage, and future financial security! 🚀
📌 Financial Disclaimer
The information provided is for educational and informational purposes only and should not be considered as financial advice. Investments are subject to market risks, and past performance does not guarantee future results. Please consult with a certified financial advisor before making any investment decisions. Savings and investment returns may vary based on market conditions and individual financial goals.
