Software Engineer

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How are you managing your finances?

Product Manager

How are you managing your finances?- Grapevine

Hello community, 

I wanted to know how you guys manage your money? Like those with 10+ years of experience having more than 20 30 lakhs, what do you do with that money? 
Do you invest, put the money in the bank. And how do you feel safe about it.

Recently, one of my neighbors' bank accounts got freezed out of nowhere, thus the ask.

Would love to know about how you guys handle big chunks of money.

Managing Money

What’s the biggest pain point you had for managing money and did you find a hack to solve that?

I moved all my CC bill due dates and MF SIPs dates to 5th of the month. So by 7th, whatever cash is left in my savings account I invest. No worry about whether there’s enough balance for all my bills and also not maintaining money in low return savings account.

Managing money

Growth Manager

Maintaining track of investments, bank accounts/deposits, PPFs, trading, debentures, mutual funds, insurances/ULIPs, N number of form 16s, IT returns, then home loan/personal loan/car loan accounts, credit card accounts, paying bills, remembering usernames & passwords of each online account, nomination updated or not, meeting KYC requirements….phew!

How do you manage your financials? Do you even know your financial worth? 

(I work in the field of software engineering)

How do you know your financial worth?

Software Architect

Wanted to know how people are managing their investments? I’m facing below issues while managing
 
1.  How to diversified fund? whats are % of allocations 
2.  How to rebalancing the mutual funds and stocks time to time 
3. Investment on Foreign equities 

If you are managing by own please share your plan and approach or if you are taking help of any financial advisors do share their details also. 

Any help would be much appreciated! Thanks.

Struggling with personal finances

Tech Lead

Preferably free. Drop in your suggestions!

Which app is the best for managing finances (investments, insurance and expenses) ?

If you cannot manage all 3 on a Google Spreadsheet, you're doing it wrong.

Sales Manager

Account Manager

How do you create a personal finance plan that aligns with long-term goals?

Anyone here who likes the challenge of going almost broke at starting of the month? After payment of rent, bills and most bigger expenses, I hardly keep 10K with me. I have credit card for any unforseen expenses however I keep my debit line free of any incoming expense. 
Anyone here who does the same?

Personal Finance

Product Marketing Manager

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 :(

[rant] 24 year old anxious about his financial future

Marketing Associate

what is money to you ?

do you have a few goals you want to achieve with money or don't know what to do ?

are you investing or is it just rotting away in the bank ?

are you controlling your money or is it the other way around?

do you get stressed about expenses or are you chill about it ?

do you see expenses as investments ?

are you attached to the amount of money you have ?

do you easily give money if someone needs a few lakhs and asks for it ?


you got the idea I guess, basically what's your relationship with money?

How's your relationship with money ?

Senior Software Engineer

A win in its own sense. I invest in mutual fund as well which is worth 27L but this is direct equity portfolio. AMA

Equity Portfolio touched 2Cr this Friday!

Founder

Say u earn 17L yearly post taxes, how much from this u want to absolutely save and accommodate rest in the bills/entertainment/misc.
Or u don’t budget on yearly basis but monthly? But then how would u account for payments like insurance which are yearly? Just want to understand if u guys do the budgeting and secure some part for saving/investment at all cost? 
I assume u use excel for this, do share if anything else

How do u budget for ur family?

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

I am a middle class boy. Working in Banglore. I am earning 1.5L every month from last 3 yrs. But still I don't have a penny saved. I have to give all my money to my parents. They have huge debts and to avoid extra expenses i am working from home. It is killing my social skill but i am prioritising money over my social skills. I see my friend going to trips all around the world and while me scrolling through Instagram all the time looking at their photos. Still using my college phone and not upgraded to i phone, Uninstalled all shopping apps for unnecessary shopping are some steps I took to save extra money. 
The point is sometimes i feel proud to help my family to come out of this situation, but in the other hand i am losing the most important time of my life. 

I really feel this time i pushing me back by 5 yrs and really don't know what to do...

I haven't saved a single penny in last 3 yrs

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?

It’s a question that many men want to discuss but can’t in the open. How do the costs of life split between you and your partner? If you’re both making the same money, is it 50-50? Or do you each handle certain categories of expenses without getting into the details?

Married men, how much do you spend v/s your spouse?

Generalist

Hey folks, I'm a recent graduate, got a job at a startup and the base will be <15, >10. Shifted to Bangalore (more like returning after 6 years, lived for 4 years before that). 

Since I'll be starting my full time journey soon, I want to know how you guys split your take home salary into needs, wants, luxury, savings, investing etc. 

Currently, I'm in a rented flat in HSR (my split is 7k) and will rent out/buy some home appliances. Food would be around 10k a month (no maid, all outside).

I just want to know your experiences on spending and handling money. Not that I'm bad at it, but this is the start of my journey and I would like to know how other people manage their money, so I'd know if I have to tweak some things. 
Do tell any strict DOs/DONTs, common mistakes.

How do you manage your money? (SDE version)

Intern

I’ll go first. 

1. What kind of investor are you? 
I am an opportunity investor, and I do buy good stocks whenever they are in reasonable valuations. Below are my monthly numbers. 

2. Where’s the majority of your investment portfolio ?
I have three RE investments and one of them has loan. And I’m planning to buy a property in Goa or HP. 

3. What’s your monthly investment breakdown?

1.7L/ Month (approx) 

60k - SIP (mutual funds)
60k - stocks (smallcase, us stocks using vested) 
30k - as opportunity fund, this is transferred to a different bank account 
10-20k - for experimental investments in crypto, nfts, and some trading. This is a new segment and I don’t have much experience in this and that’s why starting small here. 

4. Anything else you want to share? 

I am learning to invest on a daily basis. Reading, videos and podcasts are my sources. Some of my tops picks are Whiteboard finance (Marko), My first Million and Smart Passive Income, finance with Saran, and Akshat Shrivastava.

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