Money planning

Personal Finance

A practical guide to budgets, SIPs, insurance, and long-term financial planning.

BudgetingSIPInsurance
EMF

Emergency fund

Safety
6–12 monthsRecommended

Keep a cash reserve for job gaps, health issues, or unexpected expenses.

SIP

SIP habit

Investing
₹5,000+ / monthSuggested

Regular investing helps smooth volatility and build discipline.

INS

Insurance cover

Protection
1x annual incomeBase level

Adequate health and life cover protects long-term financial goals.

DEBT

Debt management

Planning
High-interest firstPriority

Pay down expensive loans before taking on new discretionary spending.

GOAL

Goal allocation

Strategy
Short/medium/longBalanced

Split savings across emergency cash, goals, and retirement to reduce risk.

DIV

Diversification

Wealth
Across asset classesCore rule

A mix of equity, debt, and gold reduces portfolio volatility.