My total Income from all the sources is 1 lakh per month. My spendings are around 30k, i have a loan of 16Lakhs with an interest of about 8500 per month to be paid. I have to spend 13k per month for insurance, ppf . So i am left out with 50k per month. 16L loan is because of my marriage and my sisters marraige that toook place recently. My age is 31 years.So my question is
Do i need to pay this amount of 50K that is left out completely to my debt?
if not
Do i need to save some amount of money and then pay the other towards my debt. Please help…Thank u