Techie earns Rs 15 LPA but has zero savings. CA asks him just to track one number every week to fix his finance

Time of India

8 hours ago

He earns ₹1.2 lakh a month, yet has no savings, no
emergency fund
, and a perpetually near-empty bank account. This isn't the story of someone reckless with money—this is the reality of a 29-year-old mid-level tech professional, a client of
Chartered Accountant
Nitin Kaushik.
Instead of prescribing a complex investment strategy or a maze of budgeting tools, Kaushik offered something far more straightforward—a 5-step financial plan that now has thousands on the internet nodding in recognition and relief. Shared via a now-viral Twitter thread, the advice starts with a compelling reminder: 'You don't need a complicated app. You need a simple, real plan that works.'
Assign Every Rupee a Job
The cornerstone of Kaushik's method is a proactive mental model: treat your salary like employees and assign every rupee a role before you start spending. He recommends a 50-20-20-10 distribution—
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50% for living expenses,
20% for savings,
20% into investments or what he dubs the 'Freedom Fund,' and
10% guilt-free fun spending.
'This takes 5 minutes of thinking and avoids 30 days of regret,' Kaushik wrote in the thread—an idea that seems to have struck a chord with thousands of young earners navigating modern expenses and financial anxiety.
— Finance_Bareek (@Finance_Bareek)
Discipline by Default, Not Willpower
Saving isn't about resisting temptation—it's about removing it. That's the logic behind Kaushik's next step: automate everything. 'Don't wait to see what's left to save. Because guess what? There will be nothing left,' he warns. Automatic SIPs, transfers to separate savings accounts, and zero-access 'spending freezer' accounts are key tools in this minimalist strategy.
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Out of sight, Kaushik argues, means out of swipe. And that makes all the difference.
Emotional Goals Over Vague Dreams
Perhaps the most overlooked part of most savings plans is the 'why.' Kaushik insists that money goals must be tied to emotion. Peace of mind, freedom from a toxic job, early retirement—these are not just financial targets but emotional motivators that make delayed gratification worth it.
'A vague goal won't get you out of bed at 6 AM to skip that delivery order. A goal with emotion might,' Kaushik suggests.
Measure the Habit, Not the Expense
Instead of micromanaging every coffee or cab fare, Kaushik urges savers to track just one number: how much they saved in a week. Because ultimately, financial health isn't an event—it's a habit.
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His final message is simple but powerful: you don't need to be rich to be financially healthy. You need clarity, commitment, and five minutes of thinking each month.
Who Is CA Nitin Kaushik?
According to his LinkedIn profile, Kaushik is a chartered accountant and commerce graduate from Delhi University. His financial strategies blend technical knowledge with relatable wisdom, and his social media presence is intended to help make the world of money a little less intimidating for young professionals.
His viral thread isn't just a roadmap for one client—it might be the starting point for anyone tired of feeling broke despite a decent income.