Gen Z: Grow Your Salary, Don't Just Spend It! Smart Investment Tips
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News18•02-02-2026, 13:36
Gen Z: Grow Your Salary, Don't Just Spend It! Smart Investment Tips
- •Gen Z faces the challenge of balancing saving, investing, and spending after receiving their first salary.
- •Prioritize insurance (health and term life) as a crucial safety net before focusing on wealth growth.
- •Build an emergency fund covering 3-6 months of expenses, kept in accessible accounts like savings or liquid mutual funds.
- •Start investing early in your 20s using SIPs in mutual funds, especially index funds for lower risk.
- •Consider PPF for long-term growth and NPS for retirement planning and tax savings, leveraging compounding over time.
Why It Matters: Gen Z should prioritize insurance, build an emergency fund, and start investing early for long-term financial security.
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