2. Set a SMART Goal

A financial goal should be specific, measurable, achievable, realistic, and time-bound.
Question: What does the "T" in SMART stand for?

Experts recommend setting aside 3-6 months' worth of expenses.
Question: What is this fund called?

A popular budgeting rule is the "50/30/20" rule.
Question: What percentage is allocated for savings in this rule?

Money today is worth more than the same amount in the future.
Question: What is the term for calculating the future value of a present sum of money?

This financial instrument represents ownership in a company and offers higher returns at higher risks.
Question: What is it called?

7. Risk Coverage

This type of financial product helps protect you against unforeseen health-related expenses.

If you are saving to buy a house in 5 years, this is an example of what type of goal?

Albert Einstein called it the 8th wonder of the world.
Question: What is this magical financial concept?

10. Debt Management

This ratio compares your monthly debt payments to your monthly income.
Question: What is this ratio called?

This section of the Income Tax Act in India allows deductions for investments in ELSS, PPF, and NSC.
Question: Name the section.

The higher the risk, the higher the potential returns.
Question: What is the term for this concept in finance?

Investing in a mix of equity, debt, and cash is an example of this practice.
Clue: It balances risk and reward.

This financial product helps parents save for their children's education.

17. Retirement Contribution
    A retirement savings plan where both the employer and employee contribute a specific percentage of the employee's salary.
    Question: What is this plan commonly known as?