The Economic Times

Wealth building mistake many make: CA warns about 'automation' trap that quietly drains bank balances every month

A Chartered Accountant has highlighted how rising EMIs, rent, SIPs, and other automated deductions are leaving many salaried individuals with little control over their monthly income. In a post on X, CA Nitin Kaushik explained that most people end up with near-zero savings because they try to save only what remains at the end of the month, while spending naturally takes priority.