Personal Finance is not rocket science. A friend asked me write down a few simple rules, so here we go:
Spend less than you earn - always save money no matter how much you earn.
Income is not the same as savings and saving is more important than investing.
Emergency fund - Keep 6 to 12 months of expenses in a bank or a liquid fund.
Insurance - health and term insurance are a must. Rest is optional.
Money required in less than 3 years should be kept in a bank or in debt funds.
Money needed after 3-5 years should go in equity (stocks or mutual funds).
Keep investing manageable - maximum 15 stocks, 5 mutual funds.
Avoid high-cost debt like personal loans and credit cards, only home loan makes sense.
Automate your savings and payments as much as you can.
Track your spending to see how you spend money.
Know the rule of 72 - how much time it will take you to double your money.
Money needed when you stop working - 25-30 times of your annual expenses.
Be very skeptical if somebody is offering a rate of return which seems too good to be true.
It goes without saying: The most important wealth is good health.
If you have trouble understanding any of the above, you need to find a good financial planner.