Need Your Guidance pls
Hello Everyone,
I need help from you guys !
Currently i am working in IT company and earning around 1.2L per month and living in Delhi NCR
Recently I had to use my emergency fund of around 1L for a medical emergency
There are 4 members in my family including me Father , Mother , Elder Brother and me
My father is not working from last 10 yrs and elder brother currently not having job.
Expenses are below
Home Loan :- 42k (40L) Personal Loan :- 20k (4.5L) Household and medical expense : 40-50k Upcoming Expenses in 1-2 yr : 10L (my brother and my marriage i am estimating 5L each)
What should I do ? I don't want to get into trap of personal loan again as I get in it everytime. How should I avoid ?
Help elder bro get job so that he can pay 50% of home loan.
Actually he was working in telecom industry earlier from last 10 yrs but due to his sir dissolve his business being a drinker and also he didn't give his 1 yr salary so he not got anything from 2 yrs. I have asked him he should start fresh from other company. He tried some times but getting very less salary from the previous as market is very bad for telecom. He is like loosed all his confidence also not married yet. I don't know how will i help him as if i tell him he will say will start but always read something in mobile all day till 3 am. I am feeling frustrated from within as i know i cannot do all this being only earner and he also cannot get married without job
I think you should ask your father and brother to work and make some small contribution in EMI. Then you can start investing.