3 Financial Things Every Young Woman Should Do
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If you are a young woman professional, or you know one, these are the three financial actions that should be taken ASAP. http://scrpbx.in/3-thingswomen
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3 Financial Things Every Young Woman Should Do
- 1. 3 Financial Things Every Young Woman Should Do
- 2. 1. Create The ‘No Compromise Fund’ • Save at least 20% of your take home pay. • The ‘No Compromise Fund’ that lets you live the way you want to. • This fund should be enough to see you through 6 months of no income.
- 3. 2. Create the ‘Family Fund’ • True financial independence is when your family can depend on you, to get through their financial troubles. • What you can do: Save 10-15% of your salary towards a ‘Family Fund’. • Move your savings to a debt mutual fund, for better returns as well as security.
- 4. 3. Create a ‘Dream Fund’ • After taking care of your priorities, save for your dreams! • What you can do: Save at least 5% of your salary. • You could also allocate your annual bonus or any other windfall of money towards this dream fund. • Choose equity funds or debt funds to turn your dreams into reality!