Swipe to unlock popular financial tips for budgeting, saving and growing your wealth.
Written by - Prathyush Gupta Designed by- Prince Kumar
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Split income: 50% needs, 30% wants, 20% savings/debt. Photo Credit: Pexels
Monthly income ₹50,000: – ₹25,000 for rent, groceries & utilities – ₹15,000 for entertainment & dining out – ₹10,000 for savings & debt repayment Photo Credit: Pexels
Invest 100 minus your age in stocks. Invest the remaining percentage in debt. This is a rule of thumb, adjust for your risk tolerance. Photo Credit: Pexels
30-year-old: Invest 70% (100-30) in stocks, 30% in bonds. Photo Credit: Pexels
Aim to save at least 20% of your income for long-term goals (retirement, house down payment). Photo Credit: Pexels
Monthly income ₹70,000: Aim to save ₹14,000 towards your future. Photo Credit: Pexels
Estimate how long to double your money: divide 72 by desired annual return (%). (Rule of thumb, not exact!) Photo Credit: Pexels
10% return: 72 / 10 = roughly 7 years to double your money. Photo Credit: Pexels
Save 3-6 months of living expenses for unexpected costs (medical bills) to avoid using long-term investments. Aim for ₹1.5-3 lakh buffer. Photo Credit: Pexels
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