The Art of Purposeful Saving
In India, World Savings Day is observed on October 30th. World Savings Day, earlier known as World Thrift Day, is an essential international movement that was inaugurated on 31st October 1924 and is committed to fostering the development of financial institutions and motivating people to adopt one of the simple but great habits of purposeful saving.
The ultimate goal of World Savings Day is to remind everybody that financial well-being is not founded on luck, but rather deliberate, consistent choices that grant one a future with far greater freedom and security that allows one to withstand the unexpected financial storms and to take advantage of the life-altering opportunities that come through education or entrepreneurship.
World Savings Day 2025 was marked in a bid to shift the mindset from instant gratification, with an awareness drive built around the theme "This is not a savings account". The theme recognizes saving as a non-negotiable investment for one's own future.
To truly celebrate this day, we need to start saving as a micro-habit. The easiest way to get started is by using micro-habits that break the ice. Three practical steps that any of us can start putting into place immediately are to adopt the Round-Up Rule, whereby banking apps automatically move the change from every purchase to a savings account, making the action of saving almost invisible; practice the One-Day Delay Test, which delays any non-essential purchase for 24 hours to separate impulsive desire from true need; and conduct a Subscription Audit, taking just ten minutes to immediately cancel two or more recurring monthly services that are rarely used, thereby capturing passive savings with no real sacrifice.
By treating saving as a consistent micro-habit and a commitment to future self-sufficiency, we engage the power of compounding and unlock stability and financial confidence, as encouraged by World Savings Day.
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