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Expert Guidance for Your Financial Journey

Practical wisdom and actionable insights to help you make informed financial decisions.

Financial Planning Financial Planning 05 Dec
  • PlanMyFin Team
  • 5 min read

Why 80% of Indians Don't Have a Financial Plan

Most families handle money reactively—paying bills, making random investments, buying insurance when pushed. Without a plan, you're navigating blind.

The solution: A written plan covering goals, timelines, required savings, risk coverage, and investment strategy—turning financial chaos into clarity.

Investment Mistakes Investment Mistakes 03 Dec
  • PlanMyFin Team
  • 6 min read

The Costly Mistakes Investors Keep Making

Chasing past returns: Last year's top performer is rarely next year's winner. Timing the market: Trying to predict ups and downs destroys wealth.

The fix: Invest based on your goals and risk capacity, not market noise. Stay invested through cycles. Review annually, not daily.

Emergency Fund Emergency Fund 01 Dec
  • PlanMyFin Team
  • 4 min read

Emergency Fund: Your First Financial Priority

How much: 3-6 months of essential expenses (rent, EMIs, groceries, bills). Where: Savings account, liquid funds—not equity or fixed deposits.

Why it matters: Job loss, medical emergency, urgent home repairs—life happens. An emergency fund prevents financial disasters.

Term Insurance Term Insurance 28 Nov
  • PlanMyFin Team
  • 5 min read

Term Insurance: Protection Your Family Can't Live Without

Coverage needed: 15-20x your annual income—enough to replace your income for 15-20 years. Cost: Surprisingly affordable—₹10-15k/year for ₹1 crore cover.

Critical mistake: Buying LIC endowment/ULIP thinking it's insurance. Pure term insurance is what your family needs.

Retirement Planning Retirement Planning 25 Nov
  • PlanMyFin Team
  • 6 min read

Start Retirement Planning Now—Not at 50

Reality check: ₹50,000/month today = ₹1.6 lakh/month in 30 years (4% inflation). You'll need ₹4-5 crore corpus minimum for a comfortable retirement.

Power of early start: Investing ₹20k/month from age 30 beats ₹50k/month from age 45—time is your biggest advantage.

Tax Saving Tax Saving 22 Nov
  • PlanMyFin Team
  • 5 min read

Tax Planning: Save Smarter, Not Harder

Old regime: Use 80C (ELSS, PPF, EPF), HRA, 80D (health insurance), NPS (80CCD)—save up to ₹1.5 lakh tax. New regime: Lower rates, fewer deductions.

Smart move: Calculate which regime saves more. Don't invest just for tax—invest for goals, save tax as a bonus.