I want to plan my finances, lets suppose i have a salary of 1L per month and i am 25 year old. Then how can i invest my money per month.
The process of figuring out how to regularly invest your earnings is called financial planning. We have created a case study which demonstrates the steps involved in financial planning. Have a look here: Financial Planning for a 30 year old salaried employee.
Roughly speaking you need to do this:
Choose funds to invest in. This one is tricky. If you are not sure how to do this then you should consult a good advisor in your network or locality. If you don't find one, you can contact advisors on DhanWise.
You will also have some other goals like saving for child's education, purchasing a house etc. The financial planning case study will guide you on planning your investments for such goals.
Sachin Shah is a 30 year old Senior Software Engineer, working at an IT services company in Bengaluru. He and his wife want to plan for their retirement and also want to save for their child's education, wedding and for buying a car.View Case Study