If you work, you might worry about money for your future, especially after you stop working.
To have enough money for when you’re older, you need to think about how to save and invest. Let’s talk about some good ways to do that.
Voluntary Provident Fund (VPF)
If you have a job, you might know about something called VPF, which stands for Voluntary Provident Fund.
It’s something that people with jobs can use. VPF is like EPF (Employee Provident Fund) but with a difference.
Normally, 12 percent of your basic salary and DA (Dearness Allowance) goes into your EPF account every month,
and your employer matches this amount. But with VPF, you can put in more money. You can contribute up to 100 percent of your basic salary.
It’s considered a safe way to save for the future, and it can grow into a substantial fund by the time you retire. Right now, VPF pays an interest rate of 8.15 percent.
Mutual Funds
Mutual funds are another good way to invest your money nowadays. The great thing is, even if you don’t earn a lot, you can still start with as little as Rs 500 through something called SIP (Systematic Investment
