Planning•6 min read•Jan 03, 2025
Financial Planning Moves to Make in Your 20s
Compound interest is your best friend. Here is how to set up your finances before you turn 30.
1. Build an Emergency Fund
Before investing, save at least 6 months of expenses in a liquid fund or savings account.
2. Get Insured
Buy term insurance and health insurance while you are young and premiums are dirt cheap.
3. Start SIPs Early
Even ₹5,000 a month started at age 25 can grow to a massive corpus by age 50 compared to starting at 35.