Master Your Money: 5 Golden Rules for Financial Freedom
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Moneycontrol06-02-2026, 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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