raaman
Valued Contributor
The age group of 20-25 will be a wonderful stage in one’s life. Youngsters who start a career after graduation and work will have many desires, goals and responsibilities. They will have a kind of happiness in earning for the first time.
However, you may have to fulfil responsibilities such as impulse spending, and on the other hand, education loans. It is in this context that young people need financial planning. The first important aspect of a financial plan is to take out insurance.
Most young people know that saving and investing about thirty percent of their salary is a must. At the same time, they should take out a term plan that offers full coverage at a lower premium, with full life insurance coverage.
However, you may have to fulfil responsibilities such as impulse spending, and on the other hand, education loans. It is in this context that young people need financial planning. The first important aspect of a financial plan is to take out insurance.
Most young people know that saving and investing about thirty percent of their salary is a must. At the same time, they should take out a term plan that offers full coverage at a lower premium, with full life insurance coverage.