🔺 r/personalfinanceuMethodJumpy5450·65 days ago
Need Help in Allocating Salary Wisely
Hi guys, I'm 27F and earn ₹70k per month (Quite low for my age, ik). I want some advice on managing my salary in a better way. Here's where I am right now: Mutual Funds: ₹9.6L Direct Equity: ₹3.4L Gold: ₹3.7L Emergency Fund: ₹3.8L FDM: ₹61k I also have: ₹15L health insurance An old insurance policy with ₹4L cover (dad bought it when I was 11) Every month, my salary goes like this: ₹30k - Mutual Fund SIP ₹12k - Gold SIP ₹10k - Emergency fund ₹10k - Personal spending I don't have any EMIs or other expenses as I stay with my parents. My main question is: Am I allocating my salary the right way, or should I make changes? I don't have a fancy income, but I wanna build a solid corpus. Would love to hear what you all think. TIA! submitted by /u/MethodJumpy5450 to r/personalfinance [link] [comments]