Neha Nagar Instagram – I watched Animal just to give you these tips 😉 –
Health Insurance:
Get at least 5 lakhs of cover: This ensures basic coverage for medical expenses.
Add Critical Illness cover: This provides financial support for specific critical illnesses.
Term Insurance:
Compulsory if you have dependents: This provides financial security for your family in case of your untimely demise.
Get at least 20 times your annual income: This ensures your family can maintain their standard of living.
Emergency Funds:
Save 6 times your monthly income: This creates a buffer for unexpected expenses or emergencies.
Financial Plan:
Create a plan for major expenses: This includes cars, homes, education, and retirement.
Investing:
Start saving and investing early: This allows your money to grow over time.
Diversify your investments: Don’t put all your eggs in one basket.
For more such content, follow me now. | Posted on 08/Dec/2023 18:50:08
