Advice on saving for Marriage
Hi All,
I'm 29 M, recently switched to a new job. I am currently earning ₹1.2 lakh per month. I plan to get married within the next year, and I estimate the marriage expenses to be around ₹10-12 lakh. I would like advice on how to save at least ₹8 lakh over the next year to help cover these expenses.
Thanks in advance for your suggestions!
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What’re your expenses per month ?
Don’t over complicate matters - just siphon off whatever your savings into a sweep in - sweep out account. Automatic near FD rates apply.
No need to short term products - liquid funds, arbitrage, etc. Not worth the hassle.
What is sweep in - sweep out account?
Im 30F, planning to get married soon.
I have some savings for the wedding but I really don’t know when the wedding can happen, so, for this reason, I can’t take the risk to invest the money. Due to this Im unable to grow the money. Any suggestions? :)