Being in finance doesn’t automatically mean you’re good with your own money. In fact, many students graduate with a strong grasp of macroeconomics but poor personal budgeting habits.
Let’s change that.
Why You Should Start Now
You’re already learning financial principles—why not apply them?
Saving and investing early gives you compound growth.
You’ll develop discipline that spills over into your professional life.
Step-by-Step Guide
1. Set Up a Budget Use tools like Google Sheets or apps like Walnut or Mint. Track:
Expenses (rent, food, transport)
Income (stipends, freelance work)
2. Build an Emergency Fund Start small—Rs. 500/month is enough. Use a recurring deposit or savings account.
3. Learn the Basics of Investing
Open a Demat account
Learn about SIPs, PPFs, and ETFs
Follow reliable finance creators on YouTube or Twitter
4. File Your Own Taxes Use what you’re learning—file your ITR on the government portal (even if you’re not earning much).
5. Avoid Credit Card Traps Understand interest rates and late fees before jumping in. Use a prepaid or debit card to start.
Conclusion
If you're studying taxation, why not become a walking example of good financial planning? You’ll not only secure your future—you’ll inspire others to do the same.