Money Tips: Start these 3 things from the new year 2026, and you will never have to borrow money in your life..
Financial Planning Tips 2026: The year 2025 is now in its final stages, with only two days left in December. At the start of a new year, we often make many resolutions, but we frequently overlook our financial well-being. No one knows when trouble might strike, and it's during such times that people often fall into the trap of debt or loans.
If you make some basic but crucial financial changes at the beginning of the new year, you can easily face even the biggest future challenges. Today, we are going to tell you about three key habits that, if adopted from the beginning of 2026, will prove beneficial for both your finances and your peace of mind.
1. Creating an Emergency Fund
Financial experts believe that every person's priority should be to create a strong 'emergency fund'. Often, people don't understand the difference between investment and an emergency fund and consider their savings as an emergency funds, which is a misconception. Investments are for future goals, while an emergency fund is for unexpected emergencies.
Try to create a separate fund in the new year that is equal to at least six months of your monthly income (salary). For example, if you suddenly lose your job or your business faces a downturn, this fund will help you run your household for the next six months without having to ask anyone for help. This habit also keeps you away from mental stress.
2. Focus on Smart Investing, Not Just Saving
Simply saving money is not enough in today's world, as inflation constantly erodes the value of your savings. Therefore, make a rule in 2026 that you will not only save at least 20 percent of your salary or income but also invest it wisely.
Instead of keeping all your money in one place, it is wise to invest it in different avenues. You can create a diversified portfolio by including options like Fixed Deposits (FDs), Recurring Deposits (RDs), Public Provident Fund (PPF), and Systematic Investment Plans (SIPs). Diversification reduces risk and increases the likelihood of better returns. This disciplined investment approach can help you accumulate substantial wealth in the future.
3. A Safety Net for Your Savings
It's often observed that people save every penny to build a large fund, but a single medical emergency in the family can wipe out all their savings in an instant. Sometimes, the situation becomes so dire that they have to take out huge loans for treatment. To avoid this situation, don't make the mistake of considering health insurance an unnecessary expense.
Insurance is a kind of safety net that protects your hard-earned money. In the new year, ensure that you and your family have adequate health coverage. This small premium can save you from future expenses and the burden of debt amounting to lakhs of rupees.
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