Money Saving Tips: It is usually seen that the entire salary is spent as soon as it arrives, and when an emergency arises, there is no savings in hand. If you are 30, then by making a proper savings plan for yourself, apart from buying a house and a car, you can also create an emergency fund. So let's know what can be the tips for money savings.
The age of 20 to 30 years is considered very important for everyone. Most people start their careers at this age. If you are also of this age and are not financially strong, then you can prepare a better life for yourself by keeping some things in mind.
If you are 30 years old then it is important for you to be serious about financial planning for yourself. You are 30 years old now and for the next 30 years (till the age of 60) you have to save for everything from your children's education to your old age. So let's know what things you should keep in mind while saving till the age of 30.
If suddenly any disease affects the body, then all our savings get exhausted in a moment of visiting the hospital. In such a situation, it is important for everyone that by the age of 30, keeping the emergency in mind, you must get health insurance for yourself and the whole family.
If you are currently working then planning for a house and car is also very important. After getting a job, everyone starts planning to buy a house and a car. In such a situation, while maintaining a balance, try to buy a house first so that your financial security increases, and then later on, when the salary increases, you should buy a car.
By the age of 30, you should start short term investments first. Short term investments include saving money for buying a car, buying a house, children's education and marriage. However, you can take investment schemes for different time periods for each need.
It usually happens that by the age of 30, everyone focuses on spending money, but it is important that by the time you reach this age, you should also start retirement planning. For retirement planning, you should invest in schemes like NPS.
We all have seen that people usually make the mistake of not creating an emergency fund in their life, whereas this should not be done. Because if any other emergency situation arises, then at that time you have a shortage of funds, due to which you have to face difficulty in dealing with that situation.
If you are in your 30s, you can secure your future by investing a small amount in some savings schemes like SIP, Post Office Scheme, etc. Do not forget to invest 20 or 30 percent of your salary in savings. (Note- The news is based on general information)