'Save first, spend the rest': A budgeting approach that's easy to follow

Experienced practitioners may graduate to zero-based budgeting, a more evolved and detailed approach.

You are not alone if you find your salary running out before the end of the month. Around 81 per cent of Indian employees have faced a financial shortfall between pay periods and nearly 72 per cent have resorted to alternative finance options to cover unplanned expenses, said a recent report called 'Earned Wage Access in India: The final frontier of employee wellbeing' by Refyne, an earned wage access (EWA) solution provider, and Ernst & Young.

EWA is a financial product that enables employees to access a portion of their earned salary at any time before their payday and the remaining