Automate Your Savings: Set up auto-debits to divert a portion of your income into SIPs or PPFs, ensuring consistent savings without stress.
Build an Emergency Fund: Keep at least six months' worth of expenses in a liquid fund or high-interest savings account to tackle unexpected financial shocks.
Diversify Your Portfolio: Balance between equity, debt, gold, and real estate investments to manage risk and ensure stable long-term returns.
Invest in Child’s Future Early: Start investing in child-focused mutual funds or Sukanya Samriddhi Yojana early to benefit from compounding and education security.
Don’t Ignore Retirement Planning: Allocate funds for retirement via NPS or EPF to secure your financial independence beyond your working years.