Got a Salary Hike or Bonus? Don't Splurge Just Yet! Follow These Smart Financial Steps.
Increase your SIP
Try to increase your SIP by the same percentage that you have received as a hike, This accelerates your journey towards financial goals and leverages compounding.
Use a part or the entire bonus to pay off your debt. Start with high-interest rate debts first, this will reduce your interest outgo.
Pay Off your Debt
Get Yourself a Investment Advisor
Work with a expert like a qualified financial advisor who will help you streamline your finances.
Spend on Things that you Want
Reward Yourself Wisely: After you've secured your investments and paid down debt, treat yourself with a vacation or buy something that you always wanted.