A simple financial plan: the monthly and yearly money routine
Financial planning does not need a 40-page document. A short monthly routine and a once-a-year review cover most of it.
Every month (on salary day)
Pay or set aside fixed costs and EMIs; plan the rest with the salary budget calculator.
- Let SIPs and goal savings go out first.
Know what is safe to spend each day until next salary — Safe to Spend.
Pay the full credit card bill by the due date (how the bill works).
Once you have a base
An emergency fund of a few months of essentials — emergency fund calculator.
A plan for each goal with a date — goal planner, grown for inflation.
A long-term number, if early retirement matters to you — FIRE calculator.
Once a year
Work out your net worth and compare it with last year — net worth calculator.
Raise SIPs with your salary (step-up SIP).
- Re-check insurance cover and nominees, and the real return on your investments.
Spendly adds up your banks, investments, loans and cards into one net worth, with the change since last month.
Track my net worth →Questions
Where do I start with financial planning?
With a monthly budget and an emergency fund. Goals and investing come next.
How often should I review my finances?
A quick check every salary day and a fuller review once a year is enough for most people.
Can Spendly do this for me?
Spendly tracks spending, bills, EMIs, goals and investments in one place, shows what is safe to spend each day and your net worth with the change since last month.