As you approach 40, it is important to have a proper financial strategy for your future goals.
Buy a health insurance plan to protect you against high medical costs.
Maintain a good credit score to get favourable loan interest rates, which will help save money in the longer run.
Taking a home loan at 40 can be a good option as you will have enough time before retirement to repay the lender.
For those with children, it is important to create a dedicated education fund.
Increase your contributions to the retirement fund and save tax.
Ensure your financial plan aligns with your personal aspirations and family security.
Compiled by Syed Muskan