F irst income always brings in a sense of joy and freedom. This joy is shared most of the times by buying gifts for near and dear ones. Beyond that it becomes a routine spending affair. In the current days of flourishing e-commerce it is very easy to empty the wallets on everything that you need and want! It is the wisdom of the ages that anything in excess is not good. So neither too much spending nor too much saving is going to get you in your happy space eventually. A balance needs to be arrived between the two. For most youngsters this can be a daunting task. A simple mantra is to adopt an ‘Earn-Save-Spend’ habit , as against the easier and tempting ‘Earn-Spend-Save’ habit. Be disciplined to save at least 10% of what is earned. This can increase depending on personal circumstances. For a 22 year old earning Rs.20,000 a month this amounts to a saving of Rs.2,000 a month. This saving invested in an instrument giving about 12% return will grow to Rs.1.84 crore by the time he