When they start earning, most young people blow away their salaries on eating out, new clothes and expensive gadgets. But Sailaxmi Reddy (see picture) quietly started SIPs in four equity funds and opened a recurring deposit. “I don’t have too many expenses right now and can save a big chunk of my salary,” says the Mumbai-based bank executive. She wants to save aggressively for the next 10 years to fund her entrepreneurial dream.
Nine big financial changes that you must watch out for in October
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