Think saving ₹1 lakh in just 6 months on a ₹30,000 salary is impossible?
Think again… How to Save 1 Lakh in 6 Months? Is it even possible?
If you’re a salaried individual earning ₹30K per month, this article will give you a realistic yet aggressive savings roadmap — combining discipline, planning, and a few smart hacks.
By the end, you won’t just be budgeting — you’ll be building momentum toward financial freedom, ₹1 lakh at a time.
Yes, it’s aggressive — but not impossible. Here’s how to break it down.
Real-life Example: Meet Rohit, a 26-year-old junior web developer in Delhi. His monthly salary is ₹30,000. By shifting to a shared PG (₹4,000/month), cooking meals at home, and skipping food delivery, he slashed his monthly expenses to ₹12,000.
He started a ₹6,000 SIP, opened a recurring deposit for ₹5,000, and earned ₹3,000/month from weekend freelancing. Within 6 months, Rohit saved ₹1.06 lakh — which he used to fund a short-term UI design certification. His income jumped to ₹42,000/month. All because he took the first step.
| Expense Category | Suggested Budget |
|---|---|
| Rent/PG | ₹4,000 |
| Groceries + Cooking Gas | ₹2,000 |
| Transport (Fuel/Bus Pass) | ₹1,000 |
| Mobile + Internet | ₹500 |
| Entertainment | ₹500 |
| Emergency (Medical etc.) | ₹1,000 |
| Miscellaneous | ₹3,000 |
| Total | ₹12,000 |
✅ Savings from salary: ₹18,000/month = ₹1.08 lakh in 6 months
If you can’t drop to ₹12K expenses, aim for ₹15K, and use side income (see next step).
Even earning an extra ₹2,000–₹4,000/month can bridge your gap. Here’s how:
| Side Hustle Idea | Monthly Potential |
|---|---|
| Freelance on Fiverr/Upwork | ₹3,000–₹8,000 |
| Weekend Zomato/Swiggy work | ₹3,000–₹5,000 |
| Resell on OLX/Quikr/Instagram | ₹1,000–₹2,000 |
| Tuition (1 subject) | ₹2,500–₹5,000 |
| YouTube Shorts/Blogging | ₹500–₹3,000 (start) |
✅ Add just ₹3,000/month = ₹18,000 in 6 months extra
Your savings should grow, not sleep.
| Saving Method | Monthly Contribution | Why it Works |
|---|---|---|
| SIP (Equity) | ₹6,000 | Beats inflation, builds corpus |
| RD (Recurring Deposit) | ₹5,000 | Discipline + fixed return |
| PPF (Optional) | ₹2,000 | Tax-free + safe |
| Liquid Fund (Emergency) | ₹2,000 | Easy access + better than FD |
Total = ₹15,000 → Save, earn, and invest at once.
| Smart Move | Monthly Saving |
|---|---|
| Use UPI cashback apps | ₹200–₹500 |
| Track spending with wallet apps | ₹500+ |
| Avoid Swiggy/Zomato orders | ₹1,000+ |
| Pay credit card on time | Avoid ₹500 late fee |
| Buy groceries in bulk | Save ₹300–₹800 |
✨ These micro-hacks = ₹10,000+ over 6 months.
| Month | Savings from Salary | Extra from Hustles | Total Saved |
|---|---|---|---|
| Month 1 | ₹15,000 | ₹3,000 | ₹18,000 |
| Month 2 | ₹14,000 | ₹4,000 | ₹18,000 |
| Month 3 | ₹16,000 | ₹2,000 | ₹18,000 |
| Month 4 | ₹15,000 | ₹3,000 | ₹18,000 |
| Month 5 | ₹14,000 | ₹4,000 | ₹18,000 |
| Month 6 | ₹15,000 | ₹3,000 | ₹18,000 |
| Total | ₹89,000 | ₹19,000 | ₹1,08,000 ✅ |
Yes — with strict budgeting, side income, and automated saving methods like SIPs and RDs.
No. Cut unnecessary spending, but allocate money for mental health too (₹500–₹1,000 entertainment is healthy).
Possible, but very tough. You’ll need to reduce expenses below ₹12,000/month.
Use a mix of budgeting, automation (SIP/RD), and hustle to increase income.
Split between equity SIP (growth), RD (short-term goal), and PPF (tax-free long term).
Saving ₹1 lakh in 6 months is not about math — it’s about mindset.
You’re not just cutting chai-samosa. You’re proving to yourself:
“Main kar sakta hoon.”
And once you do it, ₹5 lakh, ₹10 lakh, ₹1 crore — all look real.
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