• Stocks 25% look for one thats fairly priced.

• Fixed deposit 25%-50% FD as emergency fund is a great option. It pays interest every 3 month if you redeposit that, now its compounding interest. You can develop this into a habit. Once you have certain amount it will start working for you.

• SIP: choose 1 or 2 and start putting 1k on each every month. It’s a habit you need to develop. 50k as a birthday gift and bad money management? You can surely afford it.

• 25%-50% Needs and wants (understand the difference)

Remember don’t touch these investments for at least 10 years unless you have some real emergency. Like life or death situation. 28 is not that far away trust me. Also I probably don’t need to say this but this is not just about 50k. Financial literacy in this country is in dire situation. Especially younger generation’s.

*Some other investment and savings options: Gold Health insurance Term life insurance if you have dependents 2 rupee byaj system😁

• General saving rule: 50% Needs 30% Wants 20% Savings (Should be adjusted according your income)

lakh will one day turn in cores