We all make mistakes with money not having proper savings— I’ve made more than a few. But each one taught me something valuable. In this post, I’ll share 5 personal finance lessons I learned the hard way, so you can skip the pain and start winning with money faster.

💣 Mistake #1: Not Tracking My Expenses
I used to think budgeting was boring — until I realized I had no idea where my money was going. Once I started tracking every rupee, I discovered subscriptions I never used and impulsive spending patterns that drained my Savings.
Fix:
Use free apps like Walnut, Money Manager, or even a basic Excel sheet to track your cash flow.
💳 Mistake #2: Living Off Credit
I treated credit cards like free money. The result? High interest, hidden charges, and constant anxiety. It took me years to break the cycle and drained my Savings.
Fix: Pay your full credit card bill monthly or avoid credit altogether until you’re disciplined.
📉 Mistake #3: No Emergency Fund
One sudden medical bill wiped out my savings. That’s when I learned why a ₹30,000 emergency fund is a non-negotiable financial buffer.
Fix: Start small — even ₹500/month builds up fast.
📈 Mistake #4: Delaying Investing
I waited for the “perfect time” to invest — and lost years of compounding. Don’t do that.
Fix: Start early, even with ₹1000/month in mutual funds or index ETFs could increase your savings.
🤯 Mistake #5: Following the Herd
From crypto hype to shady insurance products — I’ve jumped in just because everyone else was. Bad idea.
✅ Conclusion: Learn from My Losses
Making mistakes is okay — repeating them isn’t. I hope this post helps you skip a few of mine and start your journey with clarity, control, and confidence.
Nice information.
Good going brother..every points so true
More information and ideas to come in this space. stay tuned…!
Good start
Pain points
icx14y