How much do I save & where do I invest them?

There is no fixed calculation which says that how much you need to save. But mostly everyone recommends that one has to save 10% of income. It would be a good starting point and you should consider increasing saving amount month on month.

The other way to find how much money you can save is by increasing the amount you could save until it starts to hurt you. But one should keep themselves little tight so that they could save them from lavish spending.

Saving money from your salary is not enough for your future. You should invest them at right places so that it can grow itself (Money making Money J).  Now how do you plan?

Purpose	% of money from your saving
Liquid Funds (For Emergency Purpose)	15%
Term & Health Insurance	5%
Stocks & Mutual Funds	35%
Fixed Deposits, Bonds & RD	30%
Gold	10%

I would go about explain each one of them in coming days.