PerkyCupcake
PerkyCupcake

How to plan for a marriage?

28M, decent savings, earning decently well. What are the questions that I should have clarity around finances when taking a plunge?

1mo ago
8.1Kviews
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ZestyPretzel
ZestyPretzel

Is your savings parked in banks, FDs or equity market, MFs?

If its the market and you have been getting good returns, depending on the time frame, one can explore taking a personal loan for marriage. Loans more than 10L can be sourced for interest rate less than 11%. This ensure that the investment linked to market continues its compounding.

For a 15L Loan for tenure 3/4 years, interest will come ar 3L approx.

I did this for my marriage last year, didn’t touch my investments and in last 10 months it has grown almost 50% and is still growing. Whereas interest was only 3L.

Note: This suggestion is a contextual and subjective depending on how you invest and where you invest.

WobblyCupcake
WobblyCupcake

Khatron k khiladi

ZestyPretzel
ZestyPretzel

That’s what my family thinks about me now 😅

PrancingMuffin
PrancingMuffin

Yess, looking for experienced answers👀

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