How can I save for long-term goals?

There are a few key steps you can take to save for longterm goals in India:

1. Set a specific goal: Identify the longterm goal you want to save for, such as buying a house, starting a business, or saving for retirement. Determine how much money you will need to achieve that goal.

2. Create a separate savings account: Open a separate savings account for your longterm goal and keep that money separate from your other savings.

3. Make regular contributions: Set up automatic contributions to your longterm savings account so you can regularly save a fixed amount of money each month.

4. Invest your savings: Consider investing your longterm savings in mutual funds, stocks, or other investment options that offer potential for growth over the long term.

5. Track your progress: Regularly monitor your savings progress towards your longterm goal and make adjustments as needed.

It's important to remember that saving for longterm goals requires discipline, patience, and consistency. By following these steps, you can set yourself up for success and achieve your longterm financial goals in India.