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Always aim for attainable goals for savings and create your budget accordingly. The plan must have goals like saving for education, housing, retirement, etc.
Start investing your money by creating a savings account or an FD. Also, begin investing in SIPs, real estate, and other investments to have intact financial stability.
It is essential to have an emergency fund that can cover your living expenses for at least 6 months. Can be beneficial during medical emergencies, job hunts, and other emergencies.
Always know where your money is going. A financially independent person makes sure they have a budget and do not waste money on unnecessary expenses.
Whether you are earning or not, having a retirement plan and saving for it is always a smart decision as it enures a secure and independent future.