IDFC FIRST Bank
All you need is a set of financial habits to build your net worth. Here are the top 5!
Assess your income and set a budget for expected expenses, both in India and your resident country. Stick to it and avoid overspending.
Taxation can eat into your savings so you need to minimise it. If you have income in India, plan your taxes efficiently for lower liability.
Just building savings is not enough. Invest it in suitable avenues to earn returns. You can explore investments in India for diversification.
Always repay debts on time. Choose shorter tenures for quicker repayments and low-interest loans, either in your country or in India.
Whether investing in India or abroad, allocate your savings to different types of investment avenues to reduce risk while increasing returns.