{"id":17393,"date":"2024-04-18T17:37:43","date_gmt":"2024-04-18T12:07:43","guid":{"rendered":"https:\/\/ncfe.org.in\/ka\/?p=17393"},"modified":"2024-07-09T14:10:05","modified_gmt":"2024-07-09T08:40:05","slug":"ideal-personal-finance-rules","status":"publish","type":"post","link":"https:\/\/ncfe.org.in\/ka\/ideal-personal-finance-rules\/","title":{"rendered":"IDEAL PERSONAL FINANCE RULES"},"content":{"rendered":"\t\t
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\"\"<\/p>

40\u2105 EMI Rule<\/b><\/span><\/span><\/p>

  • Never go beyond 40\u2105 of your income into EMIs. <\/span><\/span><\/p><\/li>

  • If one\u2019s earnings are Rs. 50,000 per month, he\/she should not have EMIs more than Rs. 20,000.<\/span><\/span><\/p><\/li><\/ul>

    This Rule is generally used by Finance companies to provide loans. This can be used to manage one\u2019s personal finances. <\/span><\/span><\/p>

    100 minus your age rule<\/b><\/span><\/span><\/p>

    This rule is used for asset allocation. One can find out how much of his\/her portfolio to be allocated to equities by subtracting one\u2019s age from 100. This can be as per the below <\/span><\/span><\/p>

    Age 30<\/b><\/span><\/span><\/p>

    Equity : 40%<\/span><\/span><\/p>

    Debt : 60%<\/span><\/span><\/p><\/td>

    Age 60<\/b><\/span><\/span><\/p>

    Equity : 70%<\/span><\/span><\/p>

    Debt : 30%<\/span><\/span><\/p><\/td><\/tr><\/tbody><\/table>

    How much money you need to make when you retire? (Page 31,32 of CABFLiP)<\/b><\/span><\/span><\/p>

    \"\"<\/p>

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    \u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

    Never go beyond 40\u2105 of your income into EMIs.<\/p>\n","protected":false},"author":1,"featured_media":18039,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[333],"tags":[],"class_list":["post-17393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogs"],"acf":[],"yoast_head":"\nIDEAL PERSONAL FINANCE RULES - Kannada<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ncfe.org.in\/ka\/ideal-personal-finance-rules\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IDEAL PERSONAL FINANCE RULES - Kannada\" \/>\n<meta property=\"og:description\" content=\"Never go beyond 40\u2105 of your income into EMIs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ncfe.org.in\/ka\/ideal-personal-finance-rules\/\" \/>\n<meta property=\"og:site_name\" content=\"Kannada\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-18T12:07:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-09T08:40:05+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ncfe.org.in\/ka\/ideal-personal-finance-rules\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ncfe.org.in\/ka\/ideal-personal-finance-rules\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/ncfe.org.in\/ka\/#\/schema\/person\/ac84fb56b3aca9b9bfb3e061020e6fe5\"},\"headline\":\"IDEAL PERSONAL FINANCE RULES\",\"datePublished\":\"2024-04-18T12:07:43+00:00\",\"dateModified\":\"2024-07-09T08:40:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ncfe.org.in\/ka\/ideal-personal-finance-rules\/\"},\"wordCount\":108,\"publisher\":{\"@id\":\"https:\/\/ncfe.org.in\/ka\/#organization\"},\"image\":{\"@id\":\"https:\/\/ncfe.org.in\/ka\/ideal-personal-finance-rules\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ncfe.org.in\/wp-content\/uploads\/2024\/04\/chrome_100_percent.pak_.png\",\"articleSection\":[\"Blogs\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ncfe.org.in\/ka\/ideal-personal-finance-rules\/\",\"url\":\"https:\/\/ncfe.org.in\/ka\/ideal-personal-finance-rules\/\",\"name\":\"IDEAL PERSONAL FINANCE RULES - 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