Bangalore: Being too late in planning your finance will erode you from beneficial financial opportunities which will keep you safe as well as make wealthy. Youth is the best time for you to start planning your life financially. The very first responsibility awaited in the near future is taking care of your spouse when you tie the knot. It’s the start when you will learn to save money and learn to grow it too.

Why Should You Start Early?

All have a tendency of saving after 30, which is actually a prime wrong decision to make. Financial experts say, if you start to invest during your early ages with a very small amount, it will become massive amount later. But if you think of making a huge bank balance and then plan to invest, it will only make bigger holes in your pocket rather than profiting you.

Say, if you start investing with a smaller amount of 2,000 a month at 20, you will accumulate 1.26 crore by the time you are 60 (at 10 percent rate of interest). If, on the other hand, you start saving the same amount at 30, you will be able to pile up only 65 lakh.