PerkyWalrus
PerkyWalrus

Marriage financial planning

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 includes upgrading the kitchen, bedroom etc. The total amount for that is 21 lacks.

Along with this the bride will also be fully taking care of 3 functions. (2 only for themselves, 1 where people from both sides will come) Since we are not in conversation with any potential family, so I CAN ASSUME that they will do it one their own.

When we sister got married we gave dowry but we don't wanna have any gifts in any form. (strictly)

So, I am in my mid 20s and earning monthly in the range of 90K.

Current Expenses:

  1. Car loan of around which has EMI of 23K and it has 30 EMIs pending.
  2. 40K contribution to household
  3. No rental charges since it is wfh

Rest of the 25K I save/invest.

Current savings - around 2 lacks which are liquid.

My questions -

  1. If I plan to marry in next 2 years. Then what should be my approach? I am looking to change company for better salary. Anything apart from this I should do?

  2. There is no quick money technique nor I want to fall for that. So, what would "you" have done if you would have been at my place?

  3. We do have a bungalow which has evaluation of 60 lacks. I don't want us to sell it. I may have to build few rooms on the first floor to start with rental income. What do you suggest wrt this?

3mo ago
34Kviews
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