Tell us dear Dreamer! What are you dreaming about? Fancy houses, sunny vacations, retirement at 45? Well, my friend, take these dreams and turn them into money goals! So that we can get your financial plan up and running!
“Back in the day, I bought a house and raised a family with a salary of just Rs. 25,000”.
“Rs. 100 would get me a full week’s groceries.”
Haven’t we all heard this from our grandparents?! Inflation is REAL, ladies! Inflation is the increase in price and fall in purchasing value of our money! And to add to it, our lifestyle habits and spending patterns actually makes relevant inflation over 8-9% for us.?
But here’s the good news, what happens when you INVEST your money? It grows, appreciates and compounds. Essentially, increasing the value of your money over time.
Read about compounding: The Power of Compounding
So let’s start with the basics. Let’s introduce you to Budgeting, our best friend.
Step 1 of being prudent with your money is following the 50/30/20 rule of budgeting which states that you should spend upto 50% of your earnings on essentials and needs like food, housing, education, etc. not more than 30% on your wants such as travel, entertainment, shopping , etc. and save & invest at least 20% for your future!

Read more here: Why should everyone make a budget?
So honey, once you’ve mastered the simple art of budgeting, you can give yourself a pat on the back and move to the next task – Financial Planning!
The 4 pillars of GOOD financial planning are
- Emergency Fund
- Retirement Fund
- Health & Life Insurance
- Planning for your Future Goals
Hold on, they may sound a little scary but THEY’RE NOT! Sharpen your pencils and bring out the calculator, because ladies, we’re getting down to business!
1. An Emergency Fund
is essentially your safety net! If something goes wrong or you’re faced with an unforeseen medical or financial emergency, your emergency fund will rescue you.
The general rule of thumb is to have 6 months of your family’s expenses parked aside in a liquid and easily accessible investment avenue.
So look no further, LXME’s ultra short term fund best suited for a time duration of 1-11 months and targets a 6% return can be used to build your emergency fund (better than Savings Account). Easy withdrawal ensures your money is accessible whenever you need it.
Read more: What are Emergency Funds and why should everyone have it?
2. A Retirement Fund
is going to ensure you maintain your lifestyle and can pay for your expenses even post earning an income. So the earlier you start building that retirement corpus, the larger it’s going to be.
Wondering how much you should be saving up for retirement, check out the Retirement calculator. Click here
Pro tip: To invest for your retirement, start soon, stay invested and target returns of 14%* with the LXME Long-term Plan and 15% with the LXME Equity Fund. Start here: My Money Tab
3. A Health & Life Insurance
is a MUST ladies, we cannot stress this enough! Getting the right plans for you and your family ensures you are ready to tackle any emergency that comes your way. You don’t want to break the bank in case of a medical emergency and lose all your savings!
Wondering where to start and which policy to buy? Just create a post on the BeingLXME community and tag the LXME Money Coach or drop a comment. You can also get in touch with us at 02916661010 or email us at contact@lxme.in for more details.
Read more here: Are you making these excuses while getting insurance?
Life Insurance or Health Insurance: Which one should I get?
4. Planning for your Future Goals
And lastly, plan for your goals whether it’s a beautiful house by the beach, getting into your dream college, or investing for your child’s future; your goals need money and we’re here to see you achieve them!
Check out our long-term, short-term, long-term, equity and debt plans here: My Money Tab
And that’s it, dreamer! As you dream a little dream, start budgeting your income and investing your money so you turn your dreams into reality & be financially ready wherever life takes you!
Now remember, the LXME account opening is Easy peasy lemon squeezy, takes only 5 mins AND you win reward points worth Rs. 10,000, that you can save on your favourite brands like ClearTrip, Sugar Cosmetics, MyGlamm, Lifestyle and many many more!
Read more: Open an Account with LXME and earn exciting rewards

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