World Heritage Day 2025: How to Build Your Financial Legacy with Long-Term Savings

Posted on Tuesday, April 15th, 2025 | By IndusInd Bank

What comes to mind when you think of the word “heritage”? Maybe the towering forts of Rajasthan, the intricate carvings of Khajuraho, or the timeless beauty of the Taj Mahal. These monuments weren’t built overnight. They were planned meticulously, built with purpose, and preserved for generations to come.

Now, think about your finances. Are you building something that will stand the test of time? This World Heritage Day, let’s take a page from history and explore how you can build a financial legacy that lasts—with long-term savings.

What are Long-Term Savings? (And Why They Matter More Than Ever)

You know how our grandparents used to hide money in pickle jars or under mattresses? Long-term savings are kind of like that—just more secure, interest-earning and far less dusty.

In simple terms, long-term savings means setting aside money now to use years—sometimes even decades—down the line. It could be for your child’s education, a peaceful retirement, a home in the hills or even that dream cafe you want to open in your 50s. It’s not about immediate gratification. It’s about playing the long game.

Long-term savings usually stretch beyond five years, and they’re not your emergency stash. This money grows quietly in the background, while you focus on living your life.

Also Read: World Health Day: How Smart Money Moves Can Boost Your Well-Being

Benefits of Long-Term Savings

Sure, saving long-term helps you reach big-ticket goals. But its benefits go way deeper:

• Peace of mind: Knowing you’re prepared for the future can significantly reduce financial stress.
• More freedom, fewer regrets: Want to switch careers in your 40s? Retire early? Long-term savings give you choices.
• Emergency buffer: A well-planned financial life includes the ability to face emergencies without panic.
• Legacy planning: You can leave behind something meaningful for your loved ones.

Financial health, just like physical or emotional well-being, is a journey—not a destination. And long-term savings form the foundation.

Smart Tips to Build Your Long-Term Savings Legacy

We get it! The idea of saving for something 10, 20, or even 30 years away can feel a bit distant. But here’s how to make it feel real and doable:

1. Start Yesterday. But Today Works Too.

The sooner you start, the better. Even if it’s just Rs. 500 a month—it adds up. Waiting for a raise or bonus to start saving? Don’t. Start small and stay consistent.

2. Automate Your Savings

Set up standing instructions so a portion of your income goes directly into savings. Out of sight, out of mind—and yet, growing quietly.

3. Follow the 50/30/20 Rule

Allocate 50% of your income for essentials, 30% for wants/savings, and 20% for investments. You can read more about this method here.

4. Cut Back, Not Down

You don’t have to live a monk-like existence to save money. Love your morning chai at the local stall? Keep it. But maybe cut down on those 3 streaming services you barely use. Balance is the name of the game.

5. Avoid Dipping into Savings

That long-term fund is sacred. No touching it for weekend getaways or new headphones. Emergencies? That’s what the emergency fund is for.

Financial Tools to Support Your Savings Goals

You don’t need fancy investment tricks to build your legacy. Just the right tools and a bit of discipline.

1. Savings Accounts with Sweep-In Features

If you want liquidity and interest, savings accounts with sweep-in features are ideal. They automatically transfer surplus funds into FDs, so you get better returns without moving money manually.

2. Fixed Deposits (FDs)

Ideal if you value stability. Fixed Deposit offers guaranteed returns, and you can ladder them based on your long-term goals.

3. Recurring Deposits (RDs)

RDs are perfect for disciplined saving. You deposit a fixed amount every month, and watch it grow with interest. Great for short-to-medium-term goals too.

4. Public Provident Fund (PPF)

With a 15-year lock-in, PPF encourages long-term saving and offers tax benefits. It’s like that loyal friend who may be quiet but always has your back.

5. Mutual Funds

For those who are comfortable with some level of risk, mutual funds can help your money grow faster than traditional savings options. You can start a SIP (Systematic Investment Plan) for as little as ₹500 a month.

While we’re not here to offer investment advice, these tools are worth exploring if you want to diversify your savings strategy.

Also Read: RBI Cuts Repo Rate to 6%: What It Could Mean for You and the Economy

How to Stay Motivated for the Long Run

Let’s be honest—saving money can sometimes feel like skipping dessert. You know it’s good for you, but it’s not always fun. So how do you keep going?

1. Track Your Progress

Use budgeting apps or a simple spreadsheet to see how far you’ve come. Progress is addictive.

2. Visualise Your Goals

Want that beachside retirement? Put up a photo on your vision board or as your phone wallpaper. Make your goal feel real.

3. Involve Your Family

Talk about your goals with your partner or kids. When the family is on the same page, savings become a team effort.

4. Revisit Your Plan Yearly

Just like a heritage building needs regular upkeep, your savings plan needs check-ins. Adjust for new goals, inflation or income changes.

5. Embrace Delayed Gratification

Remember, long-term savings are like planting a tree. It takes time to grow, but when it does, the shade is worth it.

Wrapping Up!

Heritage isn’t just about forts and artefacts. It’s also about values, habits and the future you’re shaping. By choosing to save long term, you’re not just preparing for your retirement or your child’s education. You’re creating a legacy of financial wisdom and resilience.

This World Heritage Day, while you marvel at the beauty of monuments, take a moment to think about the monument you’re building with your money. Brick by brick, rupee by rupee, you have the power to create something that lasts for generations. So go ahead, take that first step. Your future self will thank you.