financial planning
Financial planning tips 2026: The journey of the year 2025 is now at its final stage and only 2 days are left for the month of December to end. With the arrival of the New Year, we often take many resolutions, but often ignore our financial health. No one knows when what trouble will come in life, and at such times a person has to get trapped in the trap of debt or loan.
If you make some basic but very important financial changes with the beginning of the new year, then even the biggest problems of the future can be easily faced. Today we are going to tell you about three major habits, which if adopted from the beginning of the year 2026, will prove beneficial for both your pocket and peace of mind.
1- Preparing emergency fund
Financial experts believe that the first priority of every person should be to prepare a strong ’emergency fund’. Often people are unable to differentiate between investment and emergency fund and consider their savings as emergency funds, which is a misconception. Investment is for future goals, whereas emergency fund is for sudden troubles.
Try to create a separate fund in the new year which is equal to at least 6 months of your monthly income (monthly salary). For example, if you suddenly lose your job or there is a recession in your business, this fund will help you run your household for the next six months without having to lend a hand to anyone. This habit also keeps you away from mental stress.
2- Emphasize not just saving, but smart investment
Merely saving money is not enough in today’s times, because inflation keeps reducing the value of your savings. Therefore, make a rule in the year 2026 that you will not only save at least 20 percent of your salary or income, but also invest it in the right place.
Instead of keeping the money in one place, it is wise to invest in different mediums. You can create a mix of options like Fixed Deposit (FD), Recurring Deposit (RD), PPF and SIP in your portfolio. ‘Diversification’ i.e. investing in different places reduces the risk and increases the chances of getting better returns. This disciplined investment can make you the owner of huge capital in future.
3- Security cover of deposited capital
It is often seen that people create a big fund by saving every penny, but due to some medical emergency in the family, all the savings get wiped out in one go. Many times the situation becomes such that a huge loan has to be taken for treatment. To avoid this situation, do not make the mistake of considering health insurance as an unnecessary expense.
Insurance is a kind of security cover which keeps your hard-earned money safe. In the new year, ensure that you have adequate health cover for yourself and your family. This small premium can save you from future expenses and debt burden of lakhs of rupees.
Also read- Leave the race for a job, start this business with just ₹ 50,000, you will earn up to ₹ 10 lakh annually!