Financial Planning for Young Professionals: Start Early

Why Start Early?

Starting financial planning in your 20s gives you decades of compounding benefit. Here's your guide.

1. Emergency Fund First

Save 6 months of expenses before any investment.

2. 50-30-20 Budget Rule

50% Needs, 30% Wants, 20% Savings & Investments

3. Insurance

Term insurance (1 crore+) and health insurance (10-15 lakhs)

4. Investments

Start SIP in mutual funds, PPF, NPS for long-term goals