Hello all,
I have been following this blog for a year now. It has helped taking some wise decisions in my financial life.
These are the steps I have taken till now:- 1) I got rid of my LIC endowment policies, 2) took adequate Health insurance, 3) built an emergency fund, 4) opened PPF a/c
Now, I have 2 Goals, 1)bear half of my Marriage Expenses (in 1 or 2 years), 2) A small apartment of my own (after 7-8 years). My monthly earning is about Rs. 20,000/-. I am left with Rs 6000/- after all expenditures & savings. I don’t have any dependents now.
My questions are 1) How do I plan for those 2 above mentioned Goals? 2) Sudden expenses like electrical equipment purchase or repair or home repair can be considered as Emergency? If not How to plan for those too?
Thanks,
Chakraborty