FluffyCoconut

Zepto

Living in BLR , earn 43LPA, sharing how I spend my money

What do you think of this split ? What would you change?

17mo ago

WobblyBanana

Stealth17mo

Who asked u to share bruh?

FluffyCoconut

Zepto17mo

Who asked you to comment bruh?

BouncyPenguin

Stealth17mo

God Level 🔥

QuirkyPenguin

Stealth17mo

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

FluffyCoconut

Zepto17mo

Hello dear sir pls tell me more about what you are interested in all of us will post accordingly 🙏

QuirkyPenguin

Stealth17mo

I shared my opinion. And please you don't speak for everyone here

ZestyQuokka

Stealth17mo

If you are a female, my deepest regards 🙏

DancingTaco

Harman India17mo

That probability is quite low..

ZestyQuokka

Stealth17mo

yehi to baat hai

BubblyDonut

Dream 1117mo

FD 15% and invest 21% possible?

FluffyCoconut

Zepto17mo

I get where you are coming from . I’m saving for wedding hence putting more money into liquid assets atm.

FluffyNugget

Plivo17mo

How much u plan to save for wedding? Isn’t the spend less on male side or will u split 50-50?

SquishyNugget

Dunzo17mo

You're an IITian working as a PM ?

FluffyCoconut

Zepto17mo

PM but not iit / iim

TwirlyKoala

Google17mo

Can you share your YOE?

DancingBurrito

Stealth17mo

Reduce FD after a certain corpus to 5% and invest in MF / Equity. At 1 cr of savings, start building your angel investment portfolio

FluffyCoconut

Zepto17mo

Thanks , will try to follow this.

DerpyHamster

Stealth17mo

How to build angel investment portfolio

WigglyPanda

Sharechat17mo

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.

FluffyCoconut

Zepto17mo

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 .

WigglyPanda

Sharechat17mo

How big is your education loan? With the take home you have it's probably about pushing the car purchase by an year?

WigglyPenguin

Stealth17mo

if that car is a liability, I'll be happy to take one liability off your chest 😉

FluffyCoconut

Zepto17mo

Haha , car is definitely a liability but my parents love it so not selling it :)

ZippyWaffle

Truemeds17mo

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.

FluffyCoconut

Zepto17mo

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 .

PerkyNoodle

Gojek17mo

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?

FluffyCoconut

Zepto17mo

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.

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