Boring - Personal finance Gyaan

Hi, Please add financial things to know about or plan for if some one is starting a career or even their financial planning journey. 1. Taxation 2. Insurances(Term/Health/Vehicle etc) 3. Govt backed investment options (EPF/NPS etc) 4. FDs, Government Bonds 5. Stocks, Mutual Funds, ETFs, SIPs 6. Credit card to maintain good Credit Scores

I'm 35 and have barely started saving. Is it too late to catch up, or should I just plan on working forever? Between student loans, rent, and the general cost of living, retirement savings always fell to the bottom of the list. Now I'm freaking out. Late bloomers in the savings game, how are you tackling retirement planning?

I've completed 1 year in my first job. I've tried saving and investing some money, help me decide what I can do better: Income: 22LPA PPF: 3 Lakh EPF: 2 Lakh MF: 5 Lakh Saving Account: 4.5 Lakh Income for new FY post increment: 29LPA I did these savings based on some advice from my elder brother. I'd like to spend more this year though, with some travel and going out more, maybe even purchase a scooty/bike and a PS5 😁 - would these expenses be justified? Apart from improving my savings & investments and still being able to afford a few luxuries, I want to know if I should get any of these: - Health Insurance - Only 5 Lakh cover from company for me and my parents (note - parents are getting old) - Life Insurance - Do we really need it, I'm still 24?

Basically want to know how you guys strategise and manage spending. Few questions to make this easier 1. Are you single/married? 1.5 Do you have impulsive spending issues? 2. What’s the spending + investment + necessities + savings split? 3. Are y’all targeting “FIRE” or just winging it? Been making this much for a while now, married too, zero generational wealth. Somehow we’ve got very bad financial discipline and manage to save only under a lakh per month in Bangalore. Feel we should be doing better :/

Fresh out of college, with no money experience. How to split the money into investments(safe and risky), utilities and other expenses. What percentage savings is good enough. How much of it can I really spend without feeling guilty and what quality of life can I afford with this salary?

It's been close to a year since I am earning a salary and this is what I do: 1. Invest a little less than 30% straight into MFs. I have three ongoing SIPs- small cap, flexicap and a Large + Midcap fund. (Planning to increase the amount further into these and not start a new sip) 2. Max out 80C by putting the entire limit in PPF, this is on top of what is by default deposited into EPF. 3. A little (inconsistently) into direct stocks as and when I find or get to know about a decent trade opportunity. 4. An LIC ULIP plan that my father made me subscribe to 🙂 (hopefully will end in a couple more years) Tips from experienced folks will be much appreciated.😄

How to survive 2023? With hardly any new job openings and massive layoffs, what are some of the things you’re doing to ensure your motivation is on the higher side.

To a relatively new adult, what financial advice(s) would you give on how to and where to invest my money?