Senior Associate

Analyst

Software Lead

15 % - Index , 10 % Small cap, 20 % Midcap , 10 % Flexi cap , 15 % Nifty 50 , 10 % international ,10 % Debt  , 5 % each on real estate & gold  
  
 Age - 28 (Single)

Did you pick small cap stocks or just invested in the index ?

@SMACKass , how are you investing on real estate. Curious to know!

Consultant

Just some personal finance gyaan, I follow these regularly   1) Have 36 months of cautionary savings 2) Have up to 2x your monthly account in your bank  3) Have 3 accounts (Salary, Investment & Spe...

Welcome to Personal Finance's Private Community

Just some personal finance gyaan, I follow these regularly 

1) Have 3-6 months of cautionary savings
2) Have up to 2x your monthly account in your bank 
3) Have 3 accounts (Salary, Investment & Spend)
4) Have a Bifurcation of Equity, Debt , Real-estate & Gold 
by age and follow that 
5) Have 2-3 credit cards (Set Breach limits) 
6) Think long term 
7) Reduce costs on all fronts - Saving account, demat, mutual funds , tax etc
8) Medical & Life insurance is a must 
9) Don't inflate your lifestyle after you income gets upgraded .Wait observe and decide if it's worth it
10) Always invest in things that would give you less headache 

Have added my investment bifurcation in comments

Boring - Personal finance Gyaan

Boring - Personal finance Gyaan- Grapevine

Hi, 

Please add financial things to know about or plan for if some one is starting a career or even their financial planning journey.

1. Taxation
2. Insurances(Term/Health/Vehicle etc)
3. Govt backed investment options (EPF/NPS etc)
4. FDs, Government Bonds
5. Stocks, Mutual Funds, ETFs, SIPs
6. Credit card to maintain good Credit Scores

Financial things to plan at the start of career

Software Developer

I'm a fresh grad who started his job. Can someone suggest how can I start with my investments. Like where to study and how to proceed. I'm too confused about everyone talking about financials and I don't understand at all (I'm from a non financial background).

Any advice will be very helpful.

Thanks in advance

Advice on personal finance

Data Scientist

Golden advice on finance 101

Generalist

I'm 35 and have barely started saving. Is it too late to catch up, or should I just plan on working forever?
Between student loans, rent, and the general cost of living, retirement savings always fell to the bottom of the list. Now I'm freaking out.
Late bloomers in the savings game, how are you tackling retirement planning?

The retirement savings panic

I've completed 1 year in my first job. I've tried saving and investing some money, help me decide what I can do better:

Income: 22LPA

PPF: 3 Lakh
EPF: 2 Lakh
MF: 5 Lakh
Saving Account: 4.5 Lakh

Income for new FY post increment: 29LPA

I did these savings based on some advice from my elder brother.

I'd like to spend more this year though, with some travel and going out more, maybe even purchase a scooty/bike and a PS5 😁 - would these expenses be justified?

Apart from improving my savings & investments and 
still being able to afford a few luxuries, I want to know if I should get any of these:

- Health Insurance - Only 5 Lakh cover from company for me and my parents (note - parents are getting old)
- Life Insurance - Do we really need it, I'm still 24?

1 year in first job, please help me assess and improve

Software Engineer

Basically want to know how you guys strategise and manage spending. 
Few questions to make this easier
1. Are you single/married?
1.5 Do you have impulsive spending issues?
2. What’s the spending + investment + necessities + savings split?
3. Are y’all targeting “FIRE” or just winging it?

Been making this much for a while now, married too, zero generational wealth. Somehow we’ve got very bad financial discipline and manage to save only under a lakh per month in Bangalore. Feel we should be doing better :/

Folks making >5Lpm, how to live?

Fresh out of college, with no money experience. How to split the money into investments(safe and risky), utilities and other expenses. What percentage savings is good enough. How much of it can I really spend without feeling guilty and what quality of life can I afford with this salary?

How to manage salary of 1.4lc per month as a fresher.

It's been close to a year since I am earning a salary and this is what I do:
1. Invest a little less than 30% straight into MFs. I have three ongoing SIPs- small cap, flexicap and a Large + Midcap fund. (Planning to increase the amount further into these and not start a new sip)

2. Max out 80C by putting the entire limit in PPF, this is on top of what is by default deposited into EPF.

3. A little (inconsistently) into direct stocks as and when I find or get to know about a decent trade opportunity.

4. An LIC ULIP plan that my father made me subscribe to 🙂 (hopefully will end in a couple more years)

Tips from experienced folks will be much appreciated.😄

How do you invest your salary?

Backend Engineer

I am 25, my in hand is about 1.10lakh. I have about 11 lakhs sitting in my savings account. Where and how should I invest my money.

Hi guts, I need real investment help.

Welcome to Office Gossip's Private Community

How to survive 2023? With hardly any new job openings and massive layoffs, what are some of the things you’re doing to ensure your motivation is on the higher side.

Survive 2023

Product Manager

Welcome to Indian Startups's Private Community

How do you plan or diversify your investments if you have 1 crore  rupees?

Please suggest 🙏

Investment plan for 1Cr

Software Test - QA

Me and my wife are 30 years old software engineer with no kids. Draw 7 lac a month please some yearly bonus. We invest 2 lac a month combined into equity market through mutual funds. 

Expenses: 1.5 lac a month including everything, lives in Bangalore in good society, owns a car, don't thing much before spending. 

Still after everything left with 3 lakhs every month in bank account. Not sure how to use that. We both don't have any fancy "shauk" where we can spend and hence don't have an urge to earn more. 

Any suggestions???

Post tax 7 lac a month. Double income no kids, but not sure what do with all the money.

Hey - we are also similar to you. Would strongly suggest finding something you’re passionate about. 
  
 For us (primarily me) - got a dog, took a 6 month sabbatical, travelled to 30+ countries in this time, left job to pursue startup idea, spend time with parents, learn language, improve fitness, learnt some coding, etc 
  
 It’s a pretty good position to be in - just explore I’d say

Strategy & Operations

I grew up in a family which used to be just above poverty line. My mom had worked a lot to provide making 7K a month. I now have a job that pays 15lpa. Other than good food on table I'm not sure what i should do with the money. I save everything left after removing house expenses Which is 75% of my income. I know saving is good but i don't want endup saving a huge pile and dying without using any of it.i want to exprfi6good things. How did you guys spend when you tried to raise from almost poor to a decent standard of living

Not sure how to spend the money that i make

Similar background, always dreamt of a decent gaming pc or console. 
 First thing i did after setting up sip was buying ps4. 
  
 Travel, travelling is expensive but the experiences you have a worth it. 
  
 Spend on parents, buy em phones, clothes or sponsor there religious trips. 
  
 Charity, dont forget your roots. 
  
 Definitely dont become a horder, but dont go ballistic as well. 
  
 Also well done for beating the system.  
 Cheers

To a relatively new adult, what financial advice(s) would you give on how to and where to invest my money?

Looking for some Financial advice

Application Engineer

I will complete 3 years as a professional soon. Quit a Big4 to join a startup for better pay and faster growth but despite putting in my best work and leading initiatives, going above and beyond all the time, my peers are all earning better than me doing similar jobs.

i never had a financially aware upbringing. my father put us through hell due to his bad decision making and despite me being very financially savvy, am unable to save any money because im so anxious I tend to spend what I dont have. i had to take up a lot of freelancing to aid my lifestyle but now im busy all the time and have no time to myself. 

idk what to do. idk how much savings my parents have since I live away from them and dad never discusses his larger financial plans with me. he also does not have a stable job even at his age even though I know he is v hardworking and does his best. i feel i will never have enough money to support my parents and myself and feel like im running out of time. also doing interviews to leave this shitty company as well which is lowballing tf out of me. im not sitting idle at all, trying to startup on the side as well. i workout, eat and sleep healthy, have a great social life. the only problem is money which im constantly worrying about. i feel its a generational curse passed down to me. I know I have 10x earning capabilities but its all so vague and uncertain. I have an amazing support system and I know I can talk to my friends about this too. just thought of coming here first

please share stories if youve ever felt this way. open to advice feedback ideas. how did you get out of it? what can I do? 

what are some business/sales roles that pay really well that I can get into as an ex-big4 analyst? i dont think my current profile translates well anywhere. f*ck this company honestly. probably the worst decision I made coming here :(

Boring - Personal finance Gyaan

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