Regular Investments

There are some tax-saving investments which need multiple or regular investments, such as Equity-Linked Savings Scheme (ELSS). So, these investments should be started now rather than waiting for the year end. Starting an early and regular investment will prove to be more healthy. Arnav Pandya, CA and a financial advisor from MydigitalFC, suggests that the process of paying the total investment becomes much easier if the investment starts right from April. The pressure on the investor would be much less as there is a big period of time to pay off.

Don’t Bunch up your Investments

Another aspect of planning is to ensure that you don’t bunch up your payments towards your investment schemes. If you pay at regular intervals then it will avoid any pressure on your finances at a particular time.

Make sure that you arrange for the payments and also that you have enough to be paid in installments. If you do not distribute this amount, you will be burdened to pay a very large amount in one go.