Hi,
First of all , I thank all of you for taking time to answer the questions.
I am 31 years male, my take home is 13000 per month( as I am studying B.E in part time , I continuing with this job. I am waiting for my results now hence will get placed in another company with in 6 months duration)
I am staying with my wife who was working upto last month. As she got conceived , she quit her job.this is our first baby. She was Woking as a software engineer and earned 25000 INR.
I have no dependants except my wife.we are in a rental home which costs 4500 rs per month.
I have ancestral properties in my native.currently I have 6 lachs at my hand.
My elder brother is advising to buy a residential plot for that 6lachs as I don’t have own house.he says that it will help you to build home later.
But my wife says that ” we will suffer from financial crisis as I quit my job. So we will invest this amount into term deposit for one year. So we can get some amount from it every month. It will help us until you get a better job”.
So I confused that what to do? Please let me know your suggestions or advice.