Steps to Build Wealth With ₹ 50,000 Monthly Salary

Follow the 50-30-20 Rule

This budgeting rule suggests keeping 50% as needs, 30% as wants and 20% as savings and investments.

So if your monthly salary is ₹ 50k, your needs & wants budget will be ₹ 25k & ₹ 15k, respectively, & your investments should be ₹ 10k monthly.

So What’s 50-30-20 % of Your Salary?

Stick to the 50-30 20 Rule

The financial discipline you must follow is to stay within your needs & wants budget and not reduce your savings.

Compromise Your Wants if You Have To

Cutting on needs is very difficult, so if your needs increase for a particular month, compromise on your wants.

Safety Bucket - Prioritize emergencies! Invest 30% monthly in a liquid fund. Build a 6-month safety net, then shift savings to long-term goals.

How do You Invest the ₹10000?

1.

How do You Invest the ₹10000?

Short-term Bucket - This is for your 5-year goals. For this, you can invest 30% in either debt funds, bonds, or FDs per your risk appetite.

2.

Long-term Bucket - This is for your long-term goals. Invest 10% in equity SIPs. Choose 3-5 diversified active funds or divide among passive funds like Nifty 50/Midcap 150.

How do You Invest the ₹10000?

3.

Increase your SIP and mutual fund investment once your income increases. Try to reduce your wants and increase your investments whenever possible.

What Should be Your Prime Focus?

Sign Up

Earn 9 - 11% Fixed Returns

More Wint Stories

How to Build a Retirement Corpus?

Myths & Facts About Financial Planning