Essentials of Financial Planning

Smart investments make your money work for you so you can reach your goals fast. They make your money grow.

Choose from different investment options like:

These are some safe saving and investing options to make your money grow:

Take loans only from banks, not local moneylenders.

To manage debt, plan and pay back in monthly installments (EMIs) rather than all at once.

Here is an example:

Different types of insurance provide coverage against different accidents and circumstances. Invest in one to secure your future.

Here is an example:

Save and invest at least 20% of your income each month to build a retirement fund for an independent and comfortable old age.

Account for the increasing costs while calculating your retirement goals.

Use our Retirement Calculator to find out how much you will need to lead a comfortable life.

Note down all your expenses in a book every day. At the end of the month, see where you spent most.

Here is an example:

Here’s a summary of everything you need to know to start your journey in financial planning and budgeting.

The four important steps of financial planning are:
- making a budget,
- setting savings goals,
- investing and
- managing debt
Budgeting means understanding our income and expenses with the aim of saving more
Set short, medium and long-term financial goals and plan for all of them
Always priorities needs over wants
Investments make your money grow and help you reach your financial goals
Plan and pay loan EMIs in installments rather than all at once
Plan to buy and pay for insurance plans to protect from uncertainties
Plan for a retirement fund that you can use in your old age
Track your expenses and make adjustments as needed

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