Planning for yearly major expenses

POSTED BY Sandeep ON October 29, 2012 12:33 pm COMMENTS (2)

Hello Manish,

I have following major expenses. (Generally, everyone have more or less similar expenses)

Kid’s School fees: apprx. Rs. 40000

Property Tax: Rs. 12000

Insurance premium: Rs. 30000 

Total: Rs. 82000/-

Query: Is there a way (other than FD) to generate this much amount on yearly basis.

Regards

Sandeep

 

 

2 replies on this article “Planning for yearly major expenses”

  1. Dear Sandeep, you may opt to mly saving made either in Bank RDs or in debt funds as per your choice. On a rough calculation you need to invest 6800 Rs. on mly basis to reach your target fund of 82000 Rs.

    thanks

    Ashal

  2. Biswa Singh says:

    you can try short term debt funds instead of FD. To generate this much amount i.e. 82,000 you need to have huge amount (8L -10L) to keep in Debt fund or FD otherwise for these kind of regular expenses you have to depend on your salary only.

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