Couple Financial Goals: Do you both earn? Create a solid investment plan to achieve all your goals..

In today's world, both husband and wife earn in most households. But if their income isn't utilized properly, the same question arises at the end of the month: Where did the money go? Why aren't savings being made? Therefore, it's important for both partners to jointly plan their investments so that money is used efficiently, all goals are met, and the future is secured. Learn how a husband and wife can jointly create the best investment balance.

1. Build an Emergency Fund - Safety First, Think Ahead

Any investment begins with an emergency fund. Keep six months' worth of expenses from both of your total incomes in a liquid fund or savings account. This will come in handy in case of sudden job loss, illness, or any major expense.

2. Term Insurance for Both - Maximum Protection at a Minimum Premium

Many people think that only the husband or the head of the household needs insurance. But in today's times, both partners need a term plan. Term plans up to ₹1 crore are still available at very low premiums.

3. Growth with Tax Savings - ELSS or PPF
Both are tax-saving options. However, ELSS is market-linked, so it can provide higher growth. PPF, on the other hand, is completely safe and best for long-term income.

4. Mutual Fund SIP - Great for Big Goals
Whether it's children's education, buying a house, or retirement, long-term investments through SIPs help you achieve every goal. You can start with a small amount and gradually increase it. Through SIPs, you can build a substantial fund for your future, along with achieving all your goals.

5. Health Insurance - Family Health, the Foundation of Financial Health
Medical expenses are increasing day by day. If both of you have a family floater health plan, medical expenses will not be a burden on your pockets. This will keep your savings safe.

6. Investing in Gold - Choose Smart Options
The practice of buying gold for a hobby and tradition is age-old. But you should make it a part of your portfolio as an investment. Experts also believe that 10 to 15 percent of your total investment should be in your portfolio. Instead of holding physical gold, it is better to invest in gold ETFs, digital gold, or sovereign gold bonds, etc.

7. Retirement - Lifelong Security with NPS
NPS provides you with a fixed income in the form of a pension and also offers tax benefits. Therefore, start it at an early age so that you can live a comfortable life after retirement. You have both funds and a regular income.

8. Real Estate - Proceed Wisely
Owning your own home is a good thing, but the burden of a loan can disrupt your budget. Ensure EMIs do not disrupt your budget. Do market research before purchasing a property for rental income.

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