Earning Tips: If you adopt the right saving and wealth-building habits from the new year, you won't need to withdraw your entire salary for monthly expenses after some time.

The new year isn't just for making resolutions; it's also the perfect time to start making smart financial moves. If you want to avoid being completely dependent on your salary for monthly expenses, it's essential to start planning now.

Mutual fund SIPs (Systematic Investment Plans) can help you with this. SIP is a simple and disciplined way to invest a fixed amount in a mutual fund every month. You don't need to invest a large sum all at once.

By starting with small steps, you can gradually build a fund that will support your regular expenses in the future. Let's say you start a SIP of ₹5000 every month. Your annual investment will be ₹60,000. If the average return is around 12 percent annually,

this money grows rapidly over time. In 5 years, you will have invested a total of ₹3 lakh. With an estimated return of 12 percent, its value could reach approximately ₹4.1 lakh. That's a profit of almost ₹1.1 lakh without any extra effort.

This money can be used for emergencies or small monthly expenses. If the same SIP continues for 10 years, your total investment will be ₹6 lakh. With the same return, the fund's value after 10 years could be around ₹11.5 to ₹12 lakh.

The biggest strength of SIP is its flexibility. As your salary increases, you can also increase your SIP amount. It's easy to increase it from ₹5000 to ₹7000 or ₹10,000. This is called a step-up SIP, which further accelerates the returns.

If you start a SIP in the new year, you will see a clear difference in a few years. You won't have to wait for your salary every time for monthly expenses. The income from your investments will make you feel more secure and confident.