{"id":14461,"date":"2024-03-22T13:14:23","date_gmt":"2024-03-22T07:44:23","guid":{"rendered":"https:\/\/ncfe.org.in\/?p=14461"},"modified":"2024-07-09T14:10:28","modified_gmt":"2024-07-09T08:40:28","slug":"ideal-personal-finance-rules","status":"publish","type":"post","link":"https:\/\/ncfe.org.in\/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>

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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":"

    40\u2105 EMI RuleNever go beyond 40\u2105 of your income into EMIs. If one\u2019s earnings are Rs. 50,000 per month, he\/she should not have EMIs more than Rs. 20,000.This Rule is generally used by Finance companies to provide loans. This can be used to manage one\u2019s personal finances. 100 minus your age ruleThis rule is used […]<\/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":[378],"tags":[352],"class_list":["post-14461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogs","tag-personal-finance"],"acf":[],"yoast_head":"\nIdeal Personal Finance Rules - English (NCFE)<\/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\/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 - English (NCFE)\" \/>\n<meta property=\"og:description\" content=\"40\u2105 EMI RuleNever go beyond 40\u2105 of your income into EMIs. 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