Top 11 financial planning tips

1
Top 11 Financial Planning Tips
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Prepare financial calendar

• Plan your major expenses well ahead of time.

3
Keep an eye on your expenses

• Track your expenses, at least for the first few
  months of the year.

4
Boost your savings

• Avoid unnecessary expenses.
• Focus on creating a secondary source of income.

5
Plan your investment

• Put some money towards retirement plans, mutual
  funds, etc.

6
Clear your high-interest dues

• Consolidate your high-interest debts with a
  personal loan.

7
Purchase insurance

• Secure yourself, your family, and your belongings
  with adequate insurance cover.

8
Plan for creating an emergency fund

• Put aside some portion of your savings to deal
  with unforeseen events.

9
Save on taxes

• Understand the various exemptions and deductions
  available under the Income Tax Act.

10
Reduce lavish expenses

• Avoid extravagant expenses.

11

• The above financial tips can help you become
  financially independent.

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