4 Smart Ways Of Spending Rs.10000 Savings At Month End
No money is small money. Yes, you have heard it right! The saying holds true now and forever. In fact, small money always makes big money. Therefore, here are four smart ways that you could adopt to invest Rs.10000 that you saved at month end to fetch you good long-term returns:
Buy a life insurance policy
Your life is very precious for you but is much more precious for your family, especially if you are the sole breadwinner. Therefore, mitigate this life risk by investing now in a life insurance cover. Life cover is one of the best ways you can invest your month-end savings of Rs.10000.
If you are a 25-year-old salaried employee, you can invest in a term cover of Rs. 1 crore for an annual premium of around Rs.10000. This not only helps you secure the life of your family, but will also help you with tax savings in the form of a deduction under sec 80C.
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