Living in BLR , earn 43LPA, sharing how I spend my money
What do you think of this split ? What would you change?
Talking product sense with Ridhi
9 min AI interview5 questions
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
If you are a female, my deepest regards 🙏
That probability is quite low..
yehi to baat hai
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?
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.