2. Take Health Insurance

Today when cost of health care is sky rocketing, not having a health insurance will push you towards the road of financial catastrophe in case of medical urgency. So before you become an NRI, take a health insurance plan, otherwise you will have to undergo the same problem prevalent as in case of term plan. As in you will have to visit India for health checkups and it would also involve more documentation and hassles in the process. Health Insurance is something you must take, so why wait? Just take it today.

More: 6 Money Habits Which Can Put You Behind Bars

3. Open PPF Account

Putting money in PPF (Public Provident Fund) is a good practice to save money. Since after becoming an NRI one cannot open a fresh PPF account, so before you become an NRI and leave India, open a PPF account. For opening a PPF account you can either choose to visit a bank or the Post office. And then you can continue to invest money in this PPF account regardless of being an NRI and living outside India.

Also Read: Investing Tips for Gold, Silver, Copper, Platinum and Zinc