📖 About This Step
A 30-day plan to fix your finances: track spending, kill bad debt, automate savings, set up insurance, and start your first investment. Designed for working Indian professionals earning between 6 LPA and 25 LPA.
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Tasks (5)
5 tasks total
1
Audit 90 days of spending
Download bank and credit card statements. Categorize into Needs/Wants/Investments. Identify the 3 biggest leaks — usually food delivery, subscriptions, and impulse Amazon orders.
2
Pay off all credit card revolving debt
If you're paying credit card interest (36%+ APR), this is your highest-ROI move. Pause investing if needed and clear it. Switch to UPI/debit until cleared.
3
Set up term + health insurance
1 Cr term policy from LIC, HDFC Life, or ICICI Pru runs Rs 800-1500/month at age 28. Get a 10 lakh health policy too — Star or HDFC Ergo are reliable.
4
Build 3 months emergency fund
Move 3 months of expenses to a liquid fund or sweep-in FD. This is your safety net before any other investment.
5
Start your first SIP
Open Demat on Zerodha. Set up Rs 5000-10,000 SIP in a Nifty 50 index fund. Auto-debit from salary date.
📅 Daily Plan View
Days 1-3
Task 1
Audit 90 days of spending
Days 4-10
Task 2
Pay off all credit card revolving debt
Days 11-15
Task 3
Set up term + health insurance
Days 16-25
Task 4
Build 3 months emergency fund
Days 26-30
Task 5
Start your first SIP
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