Your Future In 30 years of age is very important. By the age of 30, every person has a special kind of advantage, which does not have after 45 years old.
First, make an emergency fund
In the 30-year age group, maximum people usually start their career. Whether you are working or a business person, an emergency fund is important. Between 6 months to 1 year, it is better to make an emergency fund to meet your monthly expenses. You can make fund by depositing money every month in a savings account. If you need money suddenly, this fund will work for you and you will not have to use your savings for it.
Buy Health Insurance Plan
The second big step to take advantage of the age of 30 is to purchase a health insurance plan.
At the age of 30, there is less risk for diseases. If you have not taken a health insurance plan for yourself and your family, then first take a health plan. Because without it, your savings will always be in jeopardy. In this age, you will get health insurance plans in low premiums. You will get Rs 5 lakh in sum assured health policy for wife and child and 4 to 5 thousand rupees annually.
Decide financial goals
After this, the third step is to set a financial goal for yourself.
Decide how much money you will need to live a better life after the next 20 or 30 years, and how much money will be invested each month to achieve this goal. Keeping in mind your current income, lifestyle and inflation. They will tell you how much money will be needed every month after retirement and how big a fund will you have to make?
You can take the help of Professional Financial Planner for this. The Financial Planner will also tell you how much money you have to invest each month for it.