Introduction: Salary In, Temptation Up
It’s July. You just got your salary.
The rains are here, sales are on, and so is the stock market dip.
So…
Should you splurge on monsoon deals or buy the dip?
Here’s the truth: You don’t have to choose just one.
With smart money allocation, you can do both—shop guilt-free and invest wisely.
Let’s break down how to split your July salary with purpose, peace, and power.
🧾 Step 1: Know Your Post-Tax In-Hand Salary
Say your monthly salary = ₹60,000
After deductions (PF, tax, etc.), your in-hand is about ₹52,000
Your goal isn’t just to “spend less,” but to spend with intention.
📊 Step 2: The 50-30-20 Rule with a July Twist
| % Allocation | Category | July Focus Example |
|---|---|---|
| 50% (₹26,000) | Needs | Rent, groceries, bills, EMI |
| 30% (₹15,600) | Wants (Monsoon Sales) | Clothing, gadgets, trips, dining out |
| 20% (₹10,400) | Investments & Savings | Stock market dip, SIPs, emergency fund |
☔ July “Wants” Spending Tips: Shop Smart, Not Soft
🛍️ Use UPI cashback apps or credit cards with monsoon offers
💸 Set a strict shopping budget and stick to it
📦 Prioritize items that also add long-term value (ex: home office tools, health gear)
💡 Vizzve Tip: Use the Vizzve Smart Spending Tracker to set soft limits and get alerts before going overboard.
📉 July “Investing” Opportunity: Buy the Dip Without the Panic
The Nifty and Sensex dipped 1.5–2% last week due to:
📉 Global inflation concerns
🏛️ FII outflows
💼 Quarterly earnings volatility
But for long-term investors, this is entry-point gold.
Here’s what to do:
| Strategy | Action |
|---|---|
| SIP or Lumpsum? | SIP is safer. Lumpsum if cash-rich |
| Where to invest? | Nifty50 ETFs, Balanced Funds, ELSS |
| How much this month? | At least 10–15% of in-hand salary |
| Tools to use? | Vizzve SIP Recommender, Fund Analyzer |
🧠 Bonus Tip: Create a Mini-Monsoon Fund
Start a short-term liquid fund SIP (3–6 months) for:
Unexpected trips
Medical or repair expenses
Upcoming festive spend buffer
This way, your shopping won’t derail your savings.
💼 Ideal July Salary Split (₹52,000 take-home)
| Category | Amount | Tools/Use Case |
|---|---|---|
| Needs | ₹26,000 | Fixed costs: rent, bills, EMIs |
| Wants (Monsoon) | ₹12,000 | Shopping, outings |
| Equity Investments | ₹5,000 | Mutual funds, ETFs |
| Emergency Fund SIP | ₹2,500 | Liquid fund or FD top-up |
| Mini-Monsoon Buffer | ₹3,000 | Future spends, rainy day fund |
| Skill Upskilling/Other | ₹3,500 | Courses, books, LinkedIn learning |
🧾 FAQs: Splitting Your Salary in July
Q1. Can I still invest if I have EMIs?
Yes. Even ₹1,000 SIPs in index funds make a difference.
Q2. Should I invest now or wait for a deeper market correction?
Start now. Market timing rarely beats time in the market.
Q3. How do I balance spending and saving without guilt?
Create monthly budgets with “wants” allocation. Spending is okay if planned.
Q4. Should I use a credit card for July shopping?
Yes—if you pay full due next cycle and use cashback rewards smartly.
Q5. Can Vizzve help automate this split?
Absolutely. Use Vizzve’s Salary Split Assistant to auto-route funds on payday.
Published on : 14th July
Published by : SMITA
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