7 Smart Financial Moves Before You Enter the Age of 30


2. Buy Yourself a Health Insurance

Health Insurance is important may it be your self or your family, plus it also helps you lower your tax deductions. Buy yourself a health insurance but make sure you go for the correct plan according to your needs. Buying a health insurance at an early age also lowers your premium rates. Apart from this the rule about pre-existing diseases makes a compelling case for buying a cover early.

3. Open a Public Provident Fund (PPF) Account

Public Provident Fund or PPF is one of the most accepted investment options in India for fixed income purpose. The PPF allow the members to make contributions to the fund and also avail certain tax exemptions under the provisions of the Income Tax Act.

The minimum amount of investment in a PPF account is 500 which makes it very convenient for any one with any level of income to start it.

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