What is personal finance?

Personal finance refers to how you manage your money—earning, saving, investing, budgeting, spending, and planning for future needs like emergencies, retirement, and life goals.

How do I create an emergency fund?

An emergency fund is a reserve that covers 3–6 months of your essential expenses. Keep it in a liquid savings account or short-term fund for unexpected situations like illness or job loss.

What is NAV in mutual funds?

NAV stands for Net Asset Value. It’s the price per unit of a mutual fund. It's calculated at the end of each trading day.

A SIP is a method of investing a fixed amount regularly (e.g., monthly) in a mutual fund. It promotes disciplined investing.

What is health insurance and why do I need it?

Health insurance covers hospitalization and treatment expenses. It protects your savings during medical emergencies and is vital for everyone.

What is critical illness insurance?

It provides a lump-sum payout upon diagnosis of serious illnesses like cancer, heart attack, or stroke. It helps manage income loss and costly treatments.

Can I invest with a low salary?

Yes. Start with small SIPs, avoid debt traps, and increase investments as your income grows. Time matters more than amount.

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