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This post is for all people in the 20-30 age group. People above 30, if they haven’t done things below then leave every other work in the world and just focus on these goals.

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20-30 is a very crucial age. People are deciding, learning, adapting, evolving every single day so they would never know what they want for themselves sometimes. At this stage, investments generally take a backstage and that is dangerous.

We will worry about the most important things to do so that we don’t worry or fret about it later in life when we know more about ourselves. Below is the table which clearly show the percentages to be invested based on whether you are married or not and have dependents or not.
For insurance related info please refer to post – http://fitvi.com/2014/11/07/risks-worth-taking-in-life/

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*Dependent – Generally parents without health insurance or house wives or with kids *ELSS – Equity Linked Savings scheme
                                                                                        Man
Bachelor with dependents (Parents) Bachelor no dependents Married with dependent Married no dependents
Life Insurance 15 times current salary 10-15 times current salary 20 times of salary 20 times of salary
Health Insurance Each min. 2L Min. 2L Cover of atleast 7L+ cover of atleast 5L+
ELSS 5% of salary 5% of salary 10% of salary 10% of salary
PF 5% of salary 5% of salary 10% of salary 10% of salary
Emergency Fund 6 months salary 6 months salary 12 months of salary 6-9 months of salary
Recurring Deposit 10% of salary 5% of salary 5% of salary 5% of salary
Equity Mfs (large to medium) 10% of salary 15% of salary 5% of salary 10% of salary
                                                                                       Woman
Bachelor with dependents (Parents) Bachelor no dependents Married with dependent Married no dependents
Life Insurance 10 times current salary 10 times current salary 15 times of salary 10 times of salary
Health Insurance Each min. 2L Min. 2L Cover of atleast 7L+ cover of atleast 5L+
ELSS 5% of salary 5% of salary 5% of salary 5% of salary
PF 10% of salary 10% of salary 15% of salary 15% of salary
Emergency Fund 3 months salary 3 months salary 6 months of salary 6 months of salary
Recurring Deposit 10% of salary 15% of salary 5% of salary 10% of salary
Equity Mfs (large to medium) 5% of salary 10% of salary 5% of salary 10% of salary

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