Here are few financial tips to sustainable happiness for middle class people ;
1. Never buy a second hand car. Always buy a new car. Never buy a car if you cannot afford it(Fuel, Maintenance). Never buy a car if you do not have a regular use of it. Uber and Ola are good alternatives, where available. Do not buy a car just for the sake of social status.

2. Try to buy a car without a loan or with the lowest EMI. Postpone your plan to buy a car for a few months to make the a bigger down payment and lower your EMI. Buy a car during festive seasons.Never buy a car exceeding your requirements. Bigger cars means bigger maintenance and higher depreciation. I see car insurance premiums also as a maintenance cost.

3. Similar rules on buying or constructing a house too. Do not go for extra big house. Bigger the house, bigger the running cost, electricity etc. You should be in a house which you can repaint atleast every five years. I hope you got my point.

4. Never spend lavishly on functions like marriage. Instead gift your children with a F.D or gold which will be useful for them in future.

5. Get health insurance. Its always better to have a health/medical insurance policy after a certain age. Life can sometimes give an unpleasant surprise.

6. Get life insurance. Life can sometimes give an unpleasant surprise.

7. Plan your retirement. Never be dependent on your children post retirement.

8. Make you children financially literate not just academically.
Never compete with your relatives, friends or neighbors while spending.

9. If you earn reasonably well, but stay in a rented accommodation try to buy a flat or house as you can save on exorbitant rents. A home loan will give you tax benefits as well.

10. If you are planning to buy a vehicle, go in for a new one. Don't go in for high end car models, but a medium sized one. Take into consideration the cost of servicing and spares when you buy it.

CLICK HERE TO CONTINUE READING >> https://tuural..com/2019/01/20-financial-tips-to-sustainable.html