Family finance: How salaried Singhs can achieve their money goals easily

Raman Singh and Amrita Kaur are both employed and bring in a combined monthly salary of Rs 1.5 lakh. They live in their own house worth Rs 1 crore, in Delhi, with their two children, aged eight and four. They have no liabilities, and their portfolio comprises equity in the form of mutual fundsworth Rs 82.2 lakh, debt worth Rs 90 lakh in the form of EPF, PPF and fixed deposits, and Rs 5 lakh as cash. Their goals include building an emergency corpus, saving for their kids’ education and weddings, buying another house,…

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Family finance: Early planning, high surplus to help Gawades meet goals easily

He should invest the surplus for two months before starting investment for other goals. Nitin Gawade is a software engineer, who lives with his homemaker wife, Deepali, in his own house, in Pune. Gawade brings in a monthly salary of Rs 99,000, and manages a surplus of Rs 44,690 after household expenses, home loan EMI (for a Rs 13 lakh loan), insurance premium and investments. Though his portfolio is a meagre Rs 22.2 lakh at present, an early start to financial planningmeans he will be able to meet his primary goals with ease….

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Family Finance: Why Joshis have enough time to build sufficient corpus for all financial goals

Early start to planning by Hyderabad-based Joshis will help them build sufficient corpus for all goals. Himanshu and Neha Joshi are IT professionals staying in Hyderabad with their four year-old child. They get a combined monthly salary of Rs 1.9 lakh and, after expenses and investment, are left with a surplus of Rs 10,108. They have already bought a house worth Rs 72 lakh, for which they are paying an EMI of Rs 45,000. They are also servicing a car loan of Rs 3.2 lakh with an EMI of Rs…

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Family finance: Why Pune-based Agarwals are on the right track to achieving their money goals

Sahil Agarwal, an IT consultant, stays with his homemaker wife and one-year-old child, in Pune. He stays on rent, even though he has his own house, which provides a rental income of Rs 12,000 a month. Combined with Agarwal’s monthly salary of Rs 91,000, his total income comes to Rs 1.03 lakh. The household expenses amount to Rs 57,000, insurance premium accounts for Rs 4,583, and Rs 25,000 is put into investments. This leaves Agarwal with a surplus of Rs 16,417. His portfolio comprises a house worth Rs 70 lakh, cash of…

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5 Great Apps That Will Help You Get to your Fitness Goals

Have you made a new resolution to get or stay in shape? Well, you may need help along the way to achieve your fitness goals. While it is advisable to work out with a personal trainer or a workout partner, we may not all have that luxury. However, you can achieve your goals without a personal trainer or partner. There is a wide variety of apps on the market that can help you in your fitness journey. Here are a few of them. 1. Map My Fitness Map My Fitness…

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Which Travel Search Site Is Best It Depends on Your Goals

In the beginning, you called an airline or travel agent when you wanted to book a trip. But if you’ve done any traveling at all within the last 15 years, you’ve probably come across a fare aggregator or metasearch site. Hundreds of perfectly legitimate ones exist; you’ve undoubtedly heard of Expedia, Priceline and Hotwire, to name three. Does it matter which site you use, or are they all basically the same? These online travel agencies, or O.T.A.s, and search sites scrape data from other sources, reorganize it and present it…

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