Financial Securities ideas for Middle Class

Covid 19 taught us the importance of Saving. Indians already have habits of Savings, which helps us in past recession as well as in Lockdown period. I found many articles, news, videos about various savings, investment products, schemes.

Scheme to make 1cr in 15 years or Get Rs.50000 pensions. But such schemes require at least Rs.10-15,000 monthly savings. It’s just an impossible task for Middle class or Lower Middle-class people. In our country, the majority of people earn up to 25,000 per month. So investing in Mutual funds, Insurance, Other savings is really hard. And it makes them vulnerable in emergency situations.

I will be sharing a few ideas, schemes, services especially for those who can save very less per month! 


Life Insurance ! Insurance is must protect our family from sudden death. We almost forget that Death is Certain. Covid19, Road accidents, Cancer type diseases, can happen to anyone. In a fraction of a second entire family can feel helpless. Your children’s dreams will be destroyed, without you.

Did you purchase “Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJBY)” scheme, available just in Rs.330 in every Bank. Its covers up to Rs.2lakh. I know many friends, who can’t afford to buy insurance, still not taken this small scheme. Just in Rs.330.

WHY?   We can easily afford Rs.330 and protect our family with a small amount. If you can afford more, you can surely have TERM INSURANCE policies covering a bigger amount with less monthly or yearly premium.

I will suggest you share these details with other family members.  You can offer this Policy to your housemaid, watchman, etc for FREE.


Medical Insurance! Govt of India had proposed Ayushman Bharat Yojana, also known as the Pradhan Mantri Jan Arogya Yojana (PMJAY), is a scheme that aims to help economically vulnerable Indians who are in need of healthcare facilities. Its covers up to Rs.5lakh.

When we have a health emergency, we found ourselves in helpless situation. We start begging to gather the amount.

WHY! We can easily get register with such schemes, there are many centers around you. If you can afford , you can buy the health policy to protect yourself.


I can’t afford Rs.1000 to invest in Mutual Fund! I want to become Rich! How?


Who said that only mutual fund can make you Rich. No doubt it provides good returns, but the person who can’t save 2000 per month, should not invest in Mutual Fund. He should invest in Liquid funds, so he can withdraw the same anytime.

You can invest in below savings products!

Fixed Deposit

Post Office Schemes

PPF accounts

Insurance Products


These are safe schemes and keep your savings safe. To become Rich, you might need to earn more so you can save more. And later you can plan to invest in various other investment plans.



Please do not Borrow unless it’s an emergency! 


Personal Loans are a big TRAP! Nowadays many online app and websites offering instant Personal Loans at very very High interest and for less period.  Please do not borrow unless it’s really an emergency.

In case of urgency, you can contact your relatives, friends. Or you can contact your Banks for personal loans instead of private players.

I had lost so much money in paying debts and interest, which inspire me to write these lines.


Stay away from Credit Card!


Do you really need a credit card? Think twice, before applying the same. You should buy the product or services from your savings unless you have good financial Freedom. Interest rate, late penalty, Overuse charges are too high in credit cards. I have seen a friend, paying just the minimum balance, for the overused card for almost 3 years, and still, the principal amount is unpaid.


I have written the above lines for those who can’t save much, but have to protect the family in unwanted situations.


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