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.…

Read More

Tuition fees give England universities surplus worth £1.8bn

First full cohort paying £9,000 fee bolsters balances while Open University has £7m deficit due to fewer part-time students The University of Oxford had a larger surplus than Scotland’s entire university sector. Photograph: Alamy Universities in England accrued record operating surpluses worth nearly £1.8bn last year, as their bank balances were filled by the first full cohort of students paying the £9,000 tuition fee. The rise in university income in England outstripped those of their counterparts in other parts of the UK, with the University of Oxford boasting a larger…

Read More