New Delhi, Sept. 8 -- New investors who are just starting their financial journey often find the world of personal finance overwhelming. Hardcore financial terms like equity, mutual funds, SIPs, tax-saving instruments, and retirement planning can sound intimidating when encountered all at once.

Most beginners don't know where to start-should they save first, pay off debt, or jump into investing?

Here are the top 10 financial rules that can transform your financial planning and help you manage your money better.

The 50-30-20 rule states that a person's take-home income should be divided into three categories - needs, wants and savings.

One should set aside 50% of their salary for needs such as house rent, insurance, groceries and fuel....