How long has it been since you checked your bank balance, tracked your spendings, or looked at your savings? If you’re not sure about all these things, then you’re not alone.
For most Indians, personal finance is something we often overlook because we are caught up in life. But have you ever paused to consider how much time we really spend on personal finance management daily?
Let’s dive in and explore How Much Time Do Indians Spend on Personal Finance Management Daily and the best way to manage money without feeling tired, stressed, or confused.
Why Managing Your Money Really Matters?
Personal finance management isn’t about just paying bills on time. It’s about ensuring your money works best for you. Here’s what it mainly covers:
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Being aware of how much money is coming in and going out
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Putting away savings for the future
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Investing your money wisely
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Buying the suitable insurance
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Always prepared for emergencies
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Staying away from bad debt
If you don’t give this enough attention, you might end up spending all your income and continuously worrying about money.
So, How Much Time Do Indians Actually Spend?
As per the study conducted by ET Money in 2023, the average Indian daily spends just 10 to 15 minutes on personal finance management, which includes things like:
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Checking their bank balance
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Paying various bills through apps
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Quickly looking at stock prices
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Using the expense tracking apps
But detailed planning like retirement savings or tax planning mainly happens only once a month, or even worse, only when the financial year ends.
This data reflects the broader personal finance statistics India 2025, showing how little proactive time is spent on long-term planning.
How Much Time Do Indians Spend on Personal Finance Management Daily by Different Age Groups
Let’s look at how people of different age groups in India manage their personal finance management:
18–30 Years (Students & Young Professionals)
Time Spent: Less than 5 minutes per day
Why: Because the majority depend on parents or salary credits. Financial planning is not their priority yet.
30–45 Years (Working Adults)
Time Spent: 15 to 30 minutes per week
Why: They are mostly busy with managing their EMIs, insurance, credit cards, and some other investments.
45–60 Years (Middle-aged)
Time Spent: 30 minutes to 1 hour per week
Why: Because they often focus on tax-savings, retirement plans, and other family responsibilities.
60+ Years (Senior Citizens)
Time Spent: 10 to 20 minutes per week
Why: They mostly track their pension money, fixed deposits, and medical bills.
Why Do Indians Spend So Little Time?
Here are some key reasons why personal finance often gets pushed aside by most Indians:
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Lack of Knowledge: Most people in India don’t know where or how to start with their personal finance.
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Busy Lifestyle: Hectic jobs, kids’ responsibilities, and daily chores leave you with little energy.
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Cultural habits: Commonly, only one person in the family handles all money matters in India.
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Too much trust in agents: Most people go with whatever their insurance agents or bank staff says, without researching the details.
These patterns are also backed by observations from NITI Aayog, which tracks behavioral trends around financial literacy in India.
The Best Way to Manage Money Without Losing Time
For managing your finances, you don’t have to be a finance expert or spend hours every day to take control of your money. Here’s the best ways to manage money with minimum effort:
1. Automate Your Finance
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Use auto-pay features for phone, electricity, and credit card bills.
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Use automatic transfer for SIPs (Systematic Investment Plans), RDs (Recurring Deposits), or other savings.
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This feature helps you stay consistent without having to remember everything.
2. Use Finance Apps
There are various free and user-friendly apps that help you with personal finance. Make sure to try apps like:
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Walnut
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ET Money
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Moneyview
They can easily track down your spending, remind you about bills before the due date, and even help you plan your budget, which is all in a few minutes.
3. Stick to the “30-Minute Weekly Rule”
Make sure to choose one day in a week, mostly weekends and give just 30 minutes to review your finance in detail like:
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Your weekly expenses
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Bank account and credit card balances
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Performance of your investment
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Any upcoming bills or EMIs
This single habit can really transform how you manage your personal finance. It’s a highly effective daily personal finance habit in India.
4. Learn Basics of Personal Finance
You don’t have to follow big finance blogs for basic personal finance, just follow simple YouTube channels or blogs that often talk about:
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Tax-saving tips
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Budgeting ideas
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How SIPs and mutual funds work
5. Set Clear Financial Goals
Having a clear financial goal gives your money a purpose to grow over time, break them into:
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Short-term goals like building an emergency fund, clearing credit card debt, or saving for a vacation.
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Long-term goals like buying a house, planning for children’s education, or retirement.
This makes your personal planning more focused and easier to manage.
Simple Daily Habits That Help
You don’t have to handle everything at once. Spending just 5 to 10 minutes per day on a few of these tasks can be really helpful:
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Check your expenses from the past day
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Note down any unnecessary spending
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Track down the due dates of the credit card
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Read a short money tip or finance headline
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See if your bank is offering any cashback or discounts on cards
These micro-habits are the foundation of time spent on budgeting in India that pays off long-term.
Why These Small Habits Save You Time Later
If you spend a few minutes every day on your personal finance management, then it means:
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No more late payments or late fees
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More savings because of the smart choices
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Less stress during tax season
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Better readiness during the time of emergency
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And most important of all is your peace of mind.
Final Thoughts
Most Indians spend less than 15 minutes per day on their personal finance management. But even this small amount of time can make a big difference when used smartly.
With easy tools like smart habits, and clear goals, you can easily achieve the best way to manage money without getting stressed or confused.
Just make sure to start small and stay consistent with your habits. And over time, your personal finance will take care of you automatically.