Salary credited to account! We frequently look forward to a few things in life, and payday is definitely one of them. Many of us plan how to spend it even before it's deposited in our bank accounts. Our to-do list to spend the money we have worked hard to earn can be long. We are likely to spend it all on rent, shopping, utility bills, entertainment, dining out, partying, and so on. At the same time, many of us are mindful to refrain from the urge and save a part of it for emergencies. No matter how much we may earn, we feel it's not enough to meet our needs. One way that can help ensure that we don't feel the stress of overspending or not having enough is by not just saving our monthly pay but investing it as well.

This blog can help you channel your salary around payday for a potentially secure Financial future.

Pen down your monthly expenses: This will help you filter out any unnecessary expenditures and budget what is a priority, such as rent, groceries, and utility bills.
Decide on the financial goal: Just like we aim for our career goals and work hard towards them, we should chart out our financial goals and let our money work for us to help reach them.
Set up an emergency fund: This will ensure that you have enough backing that your needs will be met even say, if you lose your job, aren't paid for a few months, or encounter any unforeseen circumstances.
Put your money to work: Investments into different assets/ avenues can potentially help you build long-term wealth. But this can be confusing and risky without proper financial knowledge. Investments in mutual fund schemes can be a convenient option that can be explored, which allows exposure across diverse assets as per your financial objective and risk appetite. Moreover, mutual fund schemes are generally professionally managed by experienced fund managers with the necessary domain knowledge and relevant finance and market expertise.
Start SIPs/put in lumpsum: Depending on the savings and your financial goals, you need to decide the amount and tenure of the investment amount. If you have a surplus saved, you can opt for lumpsum investment in a mutual fund scheme. However, suppose you don't want to strain your pocket and can only afford to invest small amounts. In that case, you can also consider systematic investment plans (SIPs), which allow you to invest an amount as low as Rs. 500 in a periodic manner at any frequency like monthly or quarterly etc., as per your convenience.
The above steps can be considered to secure your long-term financial journey and ensure that you not only enjoy your payday benefits today but have also planned for the future. So make your payments count.