Master Your Money: 5 Golden Rules for Financial Freedom

M
Moneycontrol•06-02-2026, 15:56
Master Your Money: 5 Golden Rules for Financial Freedom
- •Adopt the 50-30-20 rule: 50% for needs, 30% for wants, 20% for savings and investments.
- •Build an emergency fund covering 3-6 months of expenses for unforeseen events.
- •Keep total EMIs under 40% of your income to avoid financial strain.
- •Prioritize life and health insurance for financial security for yourself and your family.
- •Make investing a habit, starting early with options like equity, mutual funds, and SIPs for long-term growth.
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