Me and my husband both are earning around Rs.40,000 (combined after paying tax)a month. We hae a nuclear family with one 2.5 yr old kid i would like to list out my monthly expenses. 1. Car loan - 4000/- 2. Monthly rent - 6000/- 3. full time Maid - 2500/- 4. Milk - 1000/- 5. Car wash/Newspaper/ Cable - 1000/- 6. Electricity + water bill - 1200/- 7. School fees (kid) - 2000/- 8. car maintenace (petrol/ repairs etc.) - 4000/- 9. Bike loan - 2000/- 10. Bike maintenance 2000/- 11. Fruits and vegt +miscllaneous - 2000/- 12. Phone bills (2 mobiles+1 landline)- 3000/- 13. Personal expenses (2 office going people)- 3000/- total expenses - 37000/- 3000/- rs left per month for other expenses (family outings, shopping, festivals) savings - practically nil amount on credit card also piles up if expenses go over this amount.. where will the money come for the downpaymentof the house without saving and even if u have that money and thenbuy a house which is not less than 30,000 lakhs for a decent place (the kind we r living in presently) at least we have to shell out Rs. 20, 000/- per motnh for loan payment 6000(rent)+ 4000(tax saving on loan)= 10,000/- where will the next 10,000/ come from?
