Living in BLR , earn 43LPA, sharing how I spend my money
What do you think of this split ? What would you change?
AliveYouth71
Stealth
a year ago
Who asked u to share bruh?
Wagewala
Stealth
a year ago
Don't know why people flaunt their income/expenses shit if they are doing well. I am more interested in people who haven't figure it out or are facing challenges in personal finance
Hello dear sir pls tell me more about what you are interested in all of us will post accordingly 🙏
Wagewala
Stealth
a year ago
I shared my opinion. And please you don't speak for everyone here
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BiryaniEnthu
Stealth
a year ago
If you are a female, my deepest regards 🙏
BiryaniEnthu
Stealth
a year ago
yehi to baat hai
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ProteinPancakes
Stealth
a year ago
FD 15% and invest 21% possible?
Learntoearn
Stealth
a year ago
Can you share your YOE?
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Reduce FD after a certain corpus to 5% and invest in MF / Equity. At 1 cr of savings, start building your angel investment portfolio
Tarabat
Stealth
a year ago
How to build angel investment portfolio
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Education Loan. I would buy the car only after the loan is completed. And eventually the car has to be bought in cash again and not a loan. Prefer to keep the cost-to-ownership as low as possible when a loan is involved.
Fair advice , I would agree that the car was more of an emotional decision and not rational one , but my parents love it so keeping it for now .
How big is your education loan? With the take home you have it's probably about pushing the car purchase by an year?
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samosa
Stealth
a year ago
if that car is a liability, I'll be happy to take one liability off your chest 😉
Haha , car is definitely a liability but my parents love it so not selling it :)
I am yet to master this level of control. For some unknown reason, it becomes very difficult to have savings and investment both together to around 35% with my income level being similar to yours.
Hats off to you that you are able to do this.
I wasn’t able to do it as well but then I started paying all emis, creating fd etc in the beginning of the month , also having a separate account for day to day expenses helps . If you see a lot of liquidity in your account it makes you feel rich and you spend more .
This is a decent split. FD may not give more returns but atleast its stable over the years. Don’t listen to anyone who says FD is bad.
Once your educational loans are done invest that portion in MF.
Do you spend any money on insurance for you & parents?
Agree about the FD bit especially since liquidity is crucial for me at this time. Also I have health insurance for me and family. Term insurance for myself.
Esme Life missing hai... For me, it's 30-32% on parties, drinks and sometimes upto 40% if I travel.
Now girlfriend cost is around 15 % ( this may for wife for some people). Rest 20% I save and then my cost of living is under 25% (rent, bai etc) . Year end bonus, I dedicate to my siblings, parents etc.
Consider yourself blessed with this salary, some end their career at this. You are doing good.
Think about this scenario, you can easily get a personal loan for 10.5% with your credit score. Long-term investment (10-year CAGR) will give you at least 15% or above. So does it make sense to save money for marriage or take PL ? If you can leverage the debt it very powerful tool.. it totally depends on your risk appetite
That’s really an interesting point . Thanks for sharing. One of the concerns would be that I alrady have couple of loans and would not want to increase the debt burden due atm.
Why are you only paying 2% for your education loan, you should try cover asap and head into investing
ShiningSpark
Stealth
a year ago
Your FD savings is too much. If you have 6 month expenses in FD. Then it is better to give more percentage to investments. Only if you don't plan to buy any big purchases soon.
LadisWasherum
Stealth
a year ago
No option of prepaying education loan?🤔
