Year-end financial checklist: 8 essential steps to take before December 31
3 weeks ago

Year-end financial checklist: 8 essential steps to take before December 31

Live Mint  

As the year comes to an end, it's a good time to take a moment and review your finances. Use tax-saving instruments: If you haven’t maxed out your ₹ 1.5 lakh limit under Section 80C, consider investing in Equity Linked Savings Schemes. Don’t forget section 80D: Health insurance premiums offer deductions of up to ₹ 25,000 for individuals and ₹ 50,000 for senior citizens. Update your life insurance: If you’ve experienced major life events like marriage, childbirth, or buying a home, reassess your term insurance coverage. If you’ve experienced major life events like marriage, childbirth, or buying a home, reassess your term insurance coverage.

India Insurance Emergency Financial Investments Mutual Funds Fund Funds Mutual Essential Your Future Nps Your Salary Consider Your Emergency Fund Ppf Credit Card Balances Your Emergency Savings  financial  fund  yearend  emergency  checklist  investments  youve  mutual  essential  funds  consider  steps  31  insurance

History of this topic

Checklist for 2023: Do these 5 things to improve your financial situation this year
1 year, 11 months ago

Checklist for 2023: Do these 5 things to improve your financial situation this year

Live Mint  

With the beginning of the new year, many of us will want to start afresh or improve our lives — whether that means preparing for a job shift, adopting a healthier lifestyle or enhancing our financial situation. Investment in several asset classes, such as equities, bonds, mutual funds, exchange-traded funds, or a mix of all four, reduces the risk of …

Discover Related