Avoid These Common Financial Mistakes

• Living beyond your means — spend less than you earn and budget monthly.
• Ignoring insurance — adequate health and life cover protect your finances.
• Not saving for emergencies — build a liquid fund first before risky investments.
• High credit card usage — avoid revolving balances that attract high interest.
• Skipping retirement planning — start early to benefit from compounding.

Simple next steps

1. Create a monthly budget and track expenses.
2. Set automated savings transfers to build your emergency fund.
3. Pay down high-interest debt using extra income.

Want to plan loan repayments better? Use the EMI Calculator.