Inspiration comes only when any one thing is done with purpose. The same inspiration should be in the case of economics. By the age of twenty, he should have set a goal of saving two lakh rupees within five more years.

When we get married, we should not expect parents to pay for the wedding, but should set goals such as keeping it at our expense. Even if we earn a thousand rupees, we should have the habit of saving a hundred rupees. As our income increases, so do our expenses. Similarly, savings should increase as income increases.

PPF Start account:

Get a PPF in your name when you get the job. (Public Provident Fund) Open an account. Not only is it suitable for long term investment, it is also tax deductible. Instead of withdrawing the money at the time it was thought to be a bank savings account, the money is deposited in the PPF for a specified period. Will be on account. This will force the habit of saving. Also because of the young age SIP in your income. You can invest in a little stock market in the system. If you follow the rule of investing a certain amount in the stock market per month, you will get good returns in the future.

Home loan:

It is better to wait until your work is permanent and then build a house. Save a sum for this. If you already have land ... you need to calculate and save on the cost of building a house on it or the cost of building a house on a newly purchased house. Buying a home will not only save you money but will also help you grow as an asset in your name.

Avoid Credit Card:

Only if you spend from cash on hand ... we will spend by looking at the account. But with the salient advantages, you must know some of the disadvantages as well. Therefore, use a 'debit card' instead of a credit card.

Life Insurance:

Even if you forget to make any other savings in life ... it is very important to take out insurance in your name. When insuring at a young age ... Coverage for higher amounts is available at a lower premium. So, the most important thing to do after joining the job ... is to take out life insurance. Instead of taking out many policies that the agent says, take only the essential policy that you need. Let the future be better!

Here are some important things to look for when selecting yours

Inspiration comes only when any one thing is done with purpose. The same inspiration should be in the case of economics. By the age of twenty, he should have set a goal of saving two lakh rupees within five more years.

When we get married, we should not expect parents to pay for the wedding, but should set goals such as keeping it at our expense. Even if we earn a thousand rupees, we should have the habit of saving a hundred rupees. As our income increases, so do our expenses. Similarly, savings should increase as income increases.

PPF Start account:

Get a PPF in your name when you get the job. (Public Provident Fund) Open an account. Not only is it suitable for long term investment, it is also tax deductible. Instead of withdrawing the money at the time it was thought to be a bank savings account, the money is deposited in the PPF for a specified period. Will be on account. This will force the habit of saving. Also because of the young age SIP in your income. You can invest in a little stock market in the system. If you follow the rule of investing a certain amount in the stock market per month, you will get good returns in the future.

Home loan:

It is better to wait until your work is permanent and then build a house. Save a sum for this. If you already have land ... you need to calculate and save on the cost of building a house on it or the cost of building a house on a newly purchased house. Buying a home will not only save you money but will also help you grow as an asset in your name.

Avoid Credit Card:

Only if you spend from cash on hand ... we will spend by looking at the account. But with the salient advantages, you must know some of the disadvantages as well. Therefore, use a 'debit card' instead of a credit card.

Life Insurance:

Even if you forget to make any other savings in life ... it is very important to take out insurance in your name. When insuring at a young age ... Coverage for higher amounts is available at a lower premium. So, the most important thing to do after joining the job ... is to take out life insurance. Instead of taking out many policies that the agent says, take only the essential policy that you need. Let the future be better!

கருத்துகள் இல்லை