4. Buy a Basic, Safe And Reliable Vehicle

With a vehicle it’s not an easy task to commute in India. As a young professional, initially two wheelers is a good option. While there are number of vehicle available in the market, choose the one that is easy, fuel efficient and safe to ride. Do not buy an expensive vehicle, as it might increase your expenditure that you usually spend on your vehicle.

5. Credit Cards Can Make Or Break Your Financial Structure

As a young professional it’s better to avoid credit cards. But, in case if you own one, make sure that you use it wisely. When you make a purchase through your credit card, always make sure that you repay your bank on time. Don’t pile up your debt and think that you can pay it at once; this will increase your interest rate.

Always keep in mind that debit cards are better than credit cards.

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