What we cover

Practical, step-by-step guidance across core personal finance topics. Short actionable tips follow each topic so you can apply them quickly.

1. Present Loan Management

Review interest rates, prioritize high-cost debt, and restructure where possible.

  • List all loans with rate, balance, EMI and due date.
  • Prioritise repayment: high-interest first (credit card, personal loan).
  • Consider balance transfer or refinancing only if fees are lower than savings.

2. Emergency Fund Management

A 3–6 month expense buffer (or 6–12 months for unstable income).

  • Start small: target ₹10,000 then scale monthly.
  • Keep funds liquid: savings account or short-term liquid funds.
  • Automate monthly transfers to the emergency account.

3. Life Insurance

Protect family against loss of income — term insurance is often most cost-effective.

  • Calculate cover = (annual income × years remaining to retirement) + debt + future liabilities.
  • Prefer term plans; avoid policies treating insurance as investment unless necessary.

4. Health Insurance

Hospitalisation and critical illness protection to avoid high out-of-pocket costs.

  • Choose family floater plans if it saves premium and covers needs.
  • Watch for sub-limits and waiting periods.

5. General Insurance (including Motor)

Protect assets (home, vehicle) and reduce financial shocks from accidents or loss.

  • Buy third-party motor insurance (mandatory) + own-damage cover as needed.
  • Compare deductibles and claim experience of insurers.

6. Mutual Funds (including churning)

Use SIPs (Systematic Investment Plans) for disciplined investing; avoid excessive churning.

  • Match fund type to goal (debt for short-term, equity for long-term).
  • Prefer low-cost funds (index/ETF) for passive exposure; active funds selectively.
  • Avoid frequent switching (churning) — costs and taxes reduce returns.

7. Equity Investment

Direct equity can grow wealth but is volatile — diversify and invest for the long term.

  • Use a mix of direct stocks and equity funds; diversify across sectors.
  • Have an allocation plan and rebalance annually.

8. Tax Planning and Return Filing

Follow tax saving investments lawfully and file returns on time to avoid penalties.

  • Use Section 80C, NPS, and health insurance deductions where applicable.
  • Keep proofs and receipts organized for easy filing.

Contact

Mobile: 9610727037

Email: puneetghuf@refiffmail.com

Get in touch for personalised financial guidance tailored to your specific needs.