New Delhi, May 29 -- As a 30-year old salaried employee, I wanted to understand the best ways to save and invest money after accounting for all my monthly expenses such as rent, groceries, commute, and other miscellaneous costs. From my Rs.1 lakh monthly salary, I usually manage to save around Rs.40,000 every month, but I was quite unsure about how to allocate this money efficiently between investments and safer savings options for long-term growth.

Since I do not have much knowledge about investing, especially the stock market, I prefer simple and low-maintenance options. To better understand how I should structure my savings and investments, I turned to ChatGPT and asked for a simple, practical explanation suitable for a beginner on to...