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The ABCs of Financial Fitness breaks down money basics into simple, practical steps anyone can follow.
Here’s a simple guide to building strong money habits.
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Just like physical health, financial health needs regular attention and good habits. You don’t need to be an expert or earn a huge salary to manage your money well. What you do need is the right mindset and a basic understanding of how to handle your finances.
That’s where the ABCs of Financial Fitness come in—Awareness, Behaviour, Change, and a little Curiosity. Below, we have explained the ABCs of Financial Fitness.
A – Awareness
Financial fitness starts with awareness—being honest and clear about your money situation. This means understanding:
– How much do you earn
– How much do you spend
– What you owe
– What you own (savings, investments, assets)
It is about knowing where your money goes and recognising the patterns in your financial life. Without awareness, it is easy to fall into debt or overspend without realising the impact. Awareness helps you take control, plan, and make informed choices.
A tip to keep in mind: Try tracking your expenses for a month. You may be surprised where your money goes.
B – Behaviour
Once you are aware of your financial habits, the next step is understanding your behaviour. This is about how you act with your money. Are you an impulsive spender? Do you delay paying bills? Or do you save regularly and follow a budget?
Changing financial outcomes means changing financial behaviour. Recognise your habits—both good and bad—and ask yourself why you make the choices you do. Financial behaviour is often linked to emotions, upbringing, and beliefs about money.
Keep this in mind: Set small goals like saving Rs 500 a week or using cash instead of cards to manage spending.
C – Change (and Curiosity!)
The “C” in financial fitness stands for Change—and that doesn’t happen overnight. Change means replacing harmful money habits with better ones. It could be cutting unnecessary expenses, automating savings, or learning to invest.
But change also starts with Curiosity. Ask questions. Learn more about personal finance. Read, watch videos, or talk to experts. The more curious you are, the more confident you will become.
Something to note: Read one personal finance article or book chapter each week. Small knowledge leads to big results over time.
The ABCs of Financial Fitness—Awareness, Behaviour, Change, and Curiosity—aren’t about being perfect with money. They are about building habits that help you live with less stress and more freedom.
Start small, stay curious, and be patient with yourself. Just like physical fitness, financial fitness is a journey—one step at a time.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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Delhi, India, India
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