Personal Finance

5 Basic Rules of Personal Finance

1. Never put all your money in similar type of financial instruments (bonds, equity, ETF etc.)
2. Regular investment yield best returns
3. Understand before you invest money. Don’t invest if you are unclear or confused
4. Find the quantum of your emergency fund. And park the rest in any instrument that gives better return than your savings account
5. Avoid loans if possible. Save and spend, rather than spend and repay