Why These 8 Numbers Are Crucial For Your Money?


Bangalore: Money, age and their connection is a game of numbers, and these numbers are very important for your financial stability. As you cross different stages of your life, your financial need will also change. Hence it is advisable to start allocating your money from the beginning of your career, so that it helps you to achieve all your financial goals. Here are eight such numerical brought out by ET Bureau, which are like milestones on the road to your financial success. If you take case of all these numbers then these milestones will lead you to a healthy and financially sound life.

1 Savings to Income Ratio

Important Number - 1

Let’s check why and how this number ’1’ is important for you. Try to maintain a ratio of 1:1 of your savings or liquid assets to your annual income, even if you are in your 30’s.

Some money experts also suggest that this ratio should increase with time. For example, when you are in your 40s or 50s, it should be 1:1.5 and 1:4.5 respectively. If you can maintain this number 1 of your ration then you can lead a safe and secured life throughout your life.