3 Bank Accounts
← 1st Income, 2nd Exp, 3rd Investments
50-30-20 Rule
→ 50% Needs, 30% Wants, 20% Investments
Emergency Fund
6 Months of Monthly Exp 50K - 3 Lacs
Term Insurance
10-15 Times of your AI, 10 L → 1 Crore
Health Insurance
Minimum 10-15 Lacs Cover
SIP in MF
Minimum 20% of Monthly Income
Step up SIP
Increase SIP by 7 to 10% every year
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