Top 10 Rules-1. Arrange all debts from high interest rate to low interest rate and try to finish in same order.2. Number of credit cards should be cut down to 1-2. 3. Try to establish Emergency Fund which should contain atleast 6 months of salary. (Max you can keep 12 months of salary in this fund)4. Take term insurance plan as soon as possible. It would be costlier if you purchase it later.5. Buy health insurance cover for family members.

Personal Finance

6. Try to purchase car in cash. This cash must be saved by putting some amount monthly. Go for second hand car. 7. Follow 50, 30, 20 rule. 50% of salary should be spent on needs. 30% on wants and 20% strictly go to savings. 8. Purchase 1 index fund, 1 large+ midcap fund and 1 flexi cap fund for optimum growth. 9. Purchase SGB gold bonds. It would balance your portfolio. 10. Upscale in order to increase your active income. If you want to read more such points please support by sharing.

Top 10 money habits everyone should inculcate in order to develop financial discipline.

A strategy for changing attitudes about personal finances covers such topics as getting out of debt, the dangers of cash advances and keeping spending within income limits.

moneyandinvestments

Money & Investments

habits

Habits

books

Books

If you will live like no one else, later you can live like no one else. Build up your money muscles with America's favorite finance coach. Okay, folks, do you want to turn those fat and flabby expenses into a well-toned budget? Do you want to transform your sad and skinny little bank account into a bulked-up cash machine? Then get with the program, people. There's one sure way to whip your finances into shape, and that's with The Total Money Makeover Revised 3rd Edition! By now, you've heard all the nutty get-rich-quick schemes, the fiscal diet fads that leave you with a lot of kooky ideas but not a penny in your pocket. Hey, if you're tired of the lies and sick of the false promises, then take a look at this--it's the simplest, most straight-forward game plan for completely making over your money habits. And it's based on results, not pie-in-the-sky fantasies. With The Total Money Makeover Revised 3rd Edition, you'll be able to: <ul> <li>Design a sure-fire plan for paying off all debt--meaning cars, houses, everything</li> <li>Recognize the 10 most dangerous money myths (these will kill you)</li> <li>Secure a big, fat nest egg for emergencies and retirement!</li> </ul> Where Financial Peace gave you the solid saving and investing principles, this book puts those principles into practice. You'll be exercising your financial strength every day and quickly freeing yourself of worry, stress, and debt--and that's a beautiful feeling. The Total Money Makeover Revised 3rd Edition--complete with additional material and new personal success stories--is the one financial workout that guarantees everything will work out.

The Total Money Makeover

Kaushal Jain