Chartered accountant Nitin Kaushik highlights a prevalent financial misconception among middle-class Indians: the belief that saving money should wait until their salaries increase. In a recent post on X, he explains that this mindset can trap individuals in a cycle of financial stress, as higher incomes often lead to lifestyle inflation rather than increased savings. Kaushik argues that if someone struggles to save a small amount from a modest salary, they are unlikely to become financially disciplined with a higher income. He points out that increased earnings often come with larger expenses, such as bigger home loans and more costly lifestyle choices, which can negate the benefits of a salary raise. Instead, he advocates for the importance of developing saving habits early, emphasizing that even small investments can grow significantly over time through the power of compounding. Kaushik encourages individuals to take action now rather than waiting for a 'perfect salary,' as the challenge often lies in spending habits rather than income levels.