Simple rules for prudent financial planning

Covid 19 has upended the life as we know it & is leading us right now into uncharted territory. While the uncertainty & natural fear of unknown leads people to take irrational decisions, one does want a simple set of rules to follow to come out of this situation, unscathed.So without further ado, let's see the three simple rules of prudent financial planning.They are: 1. Save first spend later 2. Settle the debts first & never use debt as a source of money for lifestyle purchases 3. Invest in a systematic & goal oriented manner. The above rules will hold good under any circumstances & help us to achieve a financial safety net.

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