I am earning Rs. 16000 P.M. I am currently get married, i am going to buy a home which cost 11 lac, i am going to take a Home Loan of 8 Lac where EMI will come around 6800 for 20 years, i have LIC and Max NewYork Life where i have to put 20000 yearly. I am not able to plan my future investment kinldy let me know how can i manage to do investment with this income.
RE:Planning of Future
by subodh tandon on Jul 02, 2007 01:50 PM Permalink
If you are salaried switchover to new co. for better salary otherwise be patient. purchase lottery.
Really well summarized article, I must admit. Being married only for a year now, It has been a learning experience. Althought me and my wife dont have a joint account yet, but we do sit and thrash out each and every big expense while deciding whether we need it or not. Ofcourse we have our own opinions on a lot of issues and my wife allows me tthe privilege of taking the final call :-p, we always ensure that we are thinking in the same direction before taking any big step. Mutual trust and respect is paramount when It comes to managing money - for that matter every issue in a married life.
RE:Money matters when every thing fails.
by gursharanpreetkauraujla on Jul 05, 2007 10:33 AM Permalink
I agree with you wholeheartedly. Keep your eye always open at all movement while spending saving and investment because after all the relationship between you and wife, children future also depend our planning and execution. After all children are assets of every coming generation
