Your Money Plan.
Four numbers in, a full plan out. Your budget, emergency fund and the SIP to start, as a card you can save or share.
Your numbers stay on your device. Nothing is saved or sent.
Your money plan
₹6,667 SIP a month
- 1
Your monthly take-home
About ₹66,667 after ₹0 yearly tax in the new regime. Compare with the old regime.
- 2
Split it 50, 30, 20
Needs₹33,333Wants₹20,000Savings₹13,333
- 3
Build a 6-month emergency fund
Target ₹1,50,000. You need ₹1,30,000 more. Put half your savings (₹6,667) here and it is done in about 20 months.
- 4
Invest the rest every month
Start a SIP of ₹6,667, then raise it to ₹13,333 once the emergency fund is full.In 10 years₹27.06 LIn 20 years₹1.20 CrBy age 60₹7.88 Cr
Assumes 12% yearly returns compounded monthly, which is not guaranteed, with no salary hikes and no inflation adjustment. Take-home ignores PF. An illustration for learning, not financial advice.
How this plan is made
First it works out your monthly take-home from your yearly salary, using new regime tax. If you have big deductions, check the income tax calculator to see if the old regime is better for you.
Then it splits your take-home with the 50/30/20 rule. If your must-pay costs are already above half your salary, it tells you, because that is the first thing to fix.
Next comes safety. You should have six months of expenses set aside before you take big risks. Read why in how big your emergency fund should be.
Whatever is left goes into a monthly SIP. The growth numbers assume 12% a year. If you want to play with the return or the time, use the SIP calculator.
Good to know.
- How much of my salary should I save?
- A good starting point is 20% of your take-home pay. If that feels hard, start with 10% and raise it by a little every time you get a hike.
- What is the 50/30/20 rule?
- Half your take-home goes to needs like rent, bills and EMIs, 30% to wants like eating out and shopping, and 20% to savings and investments.
- How big should my emergency fund be?
- Six months of your must-pay expenses is a safe target for most salaried people. Keep it in a savings account or a liquid fund so you can use it any day.
- Should I build the emergency fund or start a SIP first?
- You can do both. This plan puts half your savings into the emergency fund and half into a SIP until the fund is full, then moves everything to the SIP.
- Is 12% return realistic?
- Indian equity funds have given around 12% a year over long periods, but some years are negative and nothing is guaranteed. Treat the numbers as an illustration.
Get the Money Starter Kit.
A free 4-page checklist to budget your salary, build a safety net and start your first SIP. Plus one clear money idea in your inbox every Sunday.