Personal Finance Checklist

🎯start saving at least 20-25% of income. Once you marry, your expenses will increase drastically. So better to save more when you don't have dependent

🎯 start building at least 6 months of an emergency fund. I am sure after this covid-19, you knows the importance of this.

🎯Don't open too many savings accounts.

🎯Buy term plan with the longest term. This will ensure that the premium is low. Don't go for insurance + investment products.

🎯 Divide your financial goals in the short, medium and long term.

🎯 Do asset allocation based on the time frame of your goals. High equity allocation for long term goals and low equity allocation for medium-term goals. No equity for short term goals.

🎯 Don't buy fancy products. Stick to simple products.

🎯 Retirement planning should be one of your top priorities.

Stick to basics. That's the only secret.