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What it means:
50% of your income should go to needs (rent, bills, groceries)
30% to wants (travel, entertainment, shopping)
20% must go directly into savings and investments
Why it matters:
Most people underestimate their spending habits. This budgeting rule gives a balanced lifestyle while ensuring your future is secure.
Bhangadiya Tip: Automate the 20% investment portion into a SIP or RD so you don’t touch it impulsively.
What it means:
An emergency fund is a financial buffer that can cover at least 6 months of expenses, in case of job loss, medical issues, or business downtime.
Where to park it:
Liquid mutual funds
High-interest savings account
Short-term FDs
Why it matters:
Emergencies won’t knock on your door with a warning. This fund gives you the power to face life’s uncertainty without touching your long-term goals.
How SIP works:
A Systematic Investment Plan (SIP) lets you invest a fixed amount monthly into mutual funds. Over time, this money grows through the power of compounding.
Real Example:
Investing ?5,000/month for 25 years @12% average return = ?1.1 Crore
But delaying it by just 5 years gives you only ?61 Lakhs
Lesson: The earlier you start, the bigger the reward.
Common mistake:
Many buy insurance for returns (like endowment plans). That’s a poor deal. Insurance should protect, not grow your money.
What to do instead:
Buy a term life insurance policy for maximum coverage at minimal cost
Get health insurance for your family to cover medical expenses
Invest separately in mutual funds or PPF for wealth creation
Why it matters:
Unexpected illness or death can ruin years of savings. Insurance acts as your safety net.
Why random saving doesn't work:
Without goals, you're just hoarding money without direction.
Set specific goals like:
Buy a home in 10 years
?25 Lakhs for child’s education in 15 years
?1 Crore retirement corpus in 20 years
Then align your investments accordingly:
Use SIPs in equity funds for long-term goals
Use PPF or debt funds for medium-term safety
Use short-term FDs or liquid funds for immediate needs
These simple yet powerful rules can shape a secure and prosperous future. At Bhangadiya Wealth, our mission is to make financial planning simple, smart, and stress-free for every Indian. Whether it’s SIPs, mutual funds, insurance, or tax-saving strategies, we help you invest with intention and grow with confidence.
Contact Bhangadiya Wealth today for a free financial health check-up!
?? www.bhangadiyawealth.com
?? +91 9983203203
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