u/Mediocre_Ad6282

I’m full stack developer and earning from 2024 march
My salary progression has been:
March–August: ₹20,000/month
September–March: ₹35,000/month
April 2025–March 2026: ₹45,000/month
Current: ₹65,000/month
My monthly expenses are around ₹25,000. Until March, I was also sending ₹10,000–20,000/month to support my family.
The problem is that despite my salary increasing, I currently have:
No savings
No emergency fund
No health insurance
No term insurance
No investments (stocks or mutual funds)
I want to start managing my money properly from now on. My first priority is building an emergency fund by keeping money in my personal bank account, but I’m unsure what the ideal strategy should be after that.
If you were in my position, how would you allocate your monthly income? For example:
How much should go toward an emergency fund?
When should I buy health and term insurance?
When should I start investing in mutual funds or stocks?
Should I focus on one goal at a time or split my income across multiple goals?
I’m looking for a long-term strategy that will help me build wealth while staying financially secure. Any advice would be appreciated.