Sound financial sufficiency is everybody’s dream. So everybody makes their own planning to reach the respective goal. If financial planning can be made

systematic and in a controlled way than it can make life healthy, wealthy and happy. Life is short and earning time span also very short so financial planning should start from as early as it possible. 

Points to Remember

1. Self planning is prerequisites for financial planning
2. Plan according to income and expenditure
3. Financial planning must be for long term period
4. Financial planning should include a diversified category i.e Postal investment, LIC, Mutual fund, Bank, Real estate and in shares.
5. Financial planning or investment should be on regular basis

Do’s and Don’ts

1. Start financial planning at the early stage even at student career out of pocket money.
2. Set your expenses based on your regular and certain income
3. Make an emergency fund for at least 3 months of your income
4. Financial planning should carry out a health care protection policy for entire family member.
5. Don’t invest in unrecognized organization for quick and higher return
6. Don’t increase your expenditure anticipating your future income.