I am 30, working as dev with around 75k in hand salary.
I dont have any loans or emi's.
But in my previous company, i had serious issues in getting salary. Got almost 5 month salary after 8 months of resigning. Due to everything i faced in my previous companies, i have this constant fear of losing job.
When thinking of starting a family, with 75k i believe my life will be pay cheques to pay cheques.
I started working at the age of 27 and have only about 5 lakhs.
I have to spend around 5 lakhs on my marriage if that happens.
Even though financially speaking, a house is a liability, but a home is a home and i really wanted to have one.
I do save at lot now but onces i get married, i dont think i will be able to save.
I feels like infinite loop and not sure if i will be financially stable.
The unstability in job adds to this.
I try max not to take any loans or emi and thus dont have any car or bike.
I would suggest to be a bit about the situation. 75K in hand is not at all a bad salary at 30. Given you will be working at least till 55, with a 25 years time in front of you to save and invest and grow.
Look into your fixed expenses every month first and how much you can save.
Invest those savings into different mutual funds based on risk level ( 3 to 4 mutual funds are enough to make a balanced portfolio)
If you can invest 10k, divide it accordingly in different mutual funds. For retirement I hope you are getting EPF from your employer but additionally one of the mutual funds can be dedicated to retirement ( HDFC Retirement Fund is good)
You can buy a second hand bike if you just need it with ease of transportation in case you are spending a huge amount on cabs. Don't take a loan for that.
If you feel your job rn is not stable, invest your time in refining you skills and start applying very rigorously for new stable jobs.
Trust me you will able to make it
22YO M Currently, working as a frontend developer and getting 54k per month and it's a Remote job. Currently living in 1BHK flat with my parents in my hometown. I am saving around 40k each month. Also doing 5k sip per month apart from sa...
Well I'm no finance expert but if you want to get the 2BHK and have a stress free life here's what you should do. ...
I am 4+ yoe engineer, worked with Bank of America, Amazon.
Since quite a few times, I have been feeling that working in india won't help me with my financial ambitions. Since I am lone earner of house starting everything from 0, after ...
TLDR; I want help in financial planning for my marriage. I have 3 questions which are written at the end of this post.
Hi everyone,
I sat with my parents to prepare most basic itinerary for 4 functions of marriage, which also incl...
Bhai dowry lele and court marriage karle. Shaadi pe 50L (combined) kharcha karne se to better hi hai.
Don't marry
25k * 24 months = 6 lacs, that could become approx 7.5 easily if you are investing in high risk Mutual funds. If you ...
