Dear All, Each one of us have different financial goals to meet depending on our needs and dreams But I wanted to know how do you plan/invest your(inclusive of spouse) monthly income accordingly. My house budget Flat EMI - 20k Car loan EMI - 13k Lic Money back - 5k (63k per annum) Lic child policy - 4k (53k per annum) PPF 8k Personal loan EMI(for 2 years)(purchased a residential plot) - 34k House expenses 25k fuel 6k I have a bandwidth of 25k per month for investment to meet Child's education and our retirement.Still thinking how/where to invest How do your house budget looks and how do you plan your investments to meet your financial goals Cheers, LakshmiKishore
You should also look at creating emergency liquid fund ( usually 3 times the monthly income as a reserve) .....
Thank you rohsiK. In FD form ,there is 3lacs which we dont touch it I think I can consider as Emergency fund as suggested
Definitely SIP will be best for ur need.. U can diversify ur SIP across 3 - 4 Mutual Funds.. Dont invest full money in Single Mutual Fund..
@lakshmikishore that is too much information for a online forum. you could just ask without giving all details.. just a word of caution..
