If you want financial freedom then follow these 5 mantras, you will never face any problem..

India is celebrating its 79th Independence Day on 15 August 2025. This day not only reminds us of national independence, but also gives a great opportunity to think about whether we have been able to achieve financial freedom personally.

The financial strength of every citizen gives direction not only to their family but also to the progress of the entire country. When we manage our own money wisely, the country's economy also gets a strong foundation. Let us understand on this occasion of Independence how you can get financial freedom.

50-30-20 rule to manage expenses
If you want financial freedom, then first of all, make a habit of keeping track of your monthly income. Manage your monthly expenses according to the 50-30-20 rule. In which keep 50% for essential expenses (house rent, ration, electricity-water etc.), 30% for things of your choice (entertainment, shopping, eating out etc.), and 20% only for savings and investment. If you want, you can invest these savings in SIP, mutual funds, fixed deposits, or gold. Gradually, these small savings will become a big capital.

Keep a fund ready for an emergency.
Life is uncertain; job loss, illness, accident, or any kind of financial shock can come at any time. For this, it is very important to create an emergency fund. Keep aside an amount equal to at least 6 months' income, which should be used only when needed. This will not only give mental peace, but will also save you from taking loans.

Keep debt under control.
If you have responsibilities like a credit card bill, a personal loan, or a home loan, then it is very important to repay them on time. Late payment not only increases the interest, but can also spoil your credit report. Try to pay any EMI through auto-debit so that you never miss it.

Insurance will guarantee complete security.

Insurance is a shield that provides financial security to your family in difficult times. Make sure to take health insurance and life insurance, and as responsibilities increase, increase the amount of term insurance as well. Apart from this, car insurance and home insurance are also necessary.

Make an investment plan to fulfill dreams.

Everyone has some financial goals, like buying their own house, children's education, foreign travel, or a comfortable life after retirement. To fulfill all these goals, it is important to invest at the right place and at the right time. For this, options like the stock market, mutual funds, NPS, and PPF can be beneficial for you. While choosing investment options, keep in mind your age, risk-taking ability and goal.

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