A salary-day routine that sets up the whole month

The first day of the month is when you have the most money and the most control. A short routine uses that moment well.

1. Move savings first

Transfer your savings and investment amounts before anything else.

2. Pay fixed bills

Rent, EMIs and insurance are due anyway. Pay or schedule them while the money is there.

3. Fund sinking funds

Set aside the monthly share for annual costs such as insurance renewals and festivals.

4. Set category limits

Decide limits for flexible spending based on what is left.

5. Note the starting balance

Write down where you start the month, so you can see the movement at month end.