2. Rate of Interests

Rate of returns is the amount you earn against your savings. The rate of returns plays a great role in the amount you will be having in your account at the end. There are various types of investment tools that provide various return rates. For example, Indian Stocks generally provides 15 per cent a year. You need to find out which tool is providing the most return interest rates. Look for investment options which involve fewer risks and have been performing well.

If it is assumed that you invest 100 at an interest rate of 11 percent per annum, you would have 1,359 at the end of 25 years.

3. Having No Proper Financial Plan

People tend to categorize financial planning as a second fiddled task and only think about it when they are in a crisis situation. Many consult an accountant or take advice only once or twice when they need to file their tax or so. Starting an early financial plan will help you take smart decisions as well keep you prepared for odd situations.

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