HELLO FRIENDS
IN this Blog we will disscuss about if you want to correct your financial then you have to do three things
Emergency Funds
you Must have an emergency funds in case if you have no job
Minimum creteria for this is bassically
Emergency funds is equal to the 6 months of Monthly Salary
for example if your Monthly salary is 30000 Rs then
your Fund is = 30000*6 = 180000 Rs
Health Insurance
separate insurance for your old parents .
TERM INSURANCE
you must have cover yourself from a term insurance In case of your Sudden mishappenings
it will protect your family and gave a sufficient corpus to your family to survive life .
BASIC CRETERIA FOR INSURANCE
IT will be 20 times of your annual SALARY
FOR EX. IF YOUR ANNUAL SALARY IS 6 LAKH
THEN
6 LAKH* 20 = 1.20 CRORE
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