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House Finance Planning-How do yo plan/invest

Discussion in 'Money Matters' started by Lakshmikishore, Sep 2, 2015.

  1. Lakshmikishore

    Lakshmikishore Silver IL'ite

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    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
     
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  2. rohsiK

    rohsiK Gold IL'ite

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    You should also look at creating emergency liquid fund ( usually 3 times the monthly income as a reserve) .....
     
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  3. rohsiK

    rohsiK Gold IL'ite

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    if possible try to invest in SIP'S with fixed amount monthly - one good option to go with.. .....
     
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  4. Lakshmikishore

    Lakshmikishore Silver IL'ite

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    Thank you rohsiK.
    In FD form ,there is 3lacs which we dont touch it
    I think I can consider as Emergency fund as suggested
     
  5. rohsiK

    rohsiK Gold IL'ite

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    good....so now try investing in MF'S/SIP'S which can yield better returns compared to FD'S....
     
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  6. sonal1611

    sonal1611 Gold IL'ite

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    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..
     
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  7. Shanvy

    Shanvy IL Hall of Fame

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    @lakshmikishore that is too much information for a online forum. you could just ask without giving all details.. just a word of caution..
     
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  8. Lakshmikishore

    Lakshmikishore Silver IL'ite

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    Thank you I will keep in mind
     

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