1% Expenses cute rule refers to the This rule mean every month whatever your expenses are particularly your desire and needs try to cut them down by 1% .So if you spend 1,000/-on your needs and desires.1% of that means 10 /- try to spend 999/-next month now the reason why i say that there … Read more
80/20 investment rules refers to the 20% of investments or assets can generate 80% of a person’s retirement income. The rule encourages investors to focus on a select group of investments with the highest potential returns to maximize their retirement savings or another way what does it say if you invest 100/- then you will … Read more
something happens to you and your incomes stops or you die then your family should not be burdened with generating that incomes whatever your yearly salary is ideallylife insurance cover =20-25x of your annualy salaryfor example:annual income =5,00,000life insurance cover=25×5,00,000=1.25cr FAQs About life insurance and how much save in india Conclusion something happens to you … Read more
If your incomes stops then it takes care of your cost of living. This emergency fund atleast 6 months ideally 12 months and where to keep it ? 70% in an fd20% in your bank account10% in cashso that ,god forbid whenever if you need money you can deploy this emergency fund FAQs About Emergency … Read more
Money Management Tips refers to the stress and-free spending allow you to enjoy life without feeling guilty about your expenses.This Part of your budget can be used for activities that bring youjoy and relaxation ,such as entertainment,restaurant, shopping,gym,hobbies,vacation,clothing,housing/rent,food ,inurance,groceries, healthcare,utilities or medical, investment.By settingaside money specifically for leisure,you can including in your interest without compromising … Read more
By following the 50/40/10 rule,you can create a well-rounded financial plan that covers your needs,prepares you for the future ,and lets you enjoy the present.Implementingthis strategy can help you manage your money more effective ,reduce financial stress ,and ultimately live like the top 1%.So take control of your finance today and start applyingthe 50/10/40/10 rule … Read more
