im 30 with 3 kids (aged 1, 3, 6). All boys Income : 40 k per month after TDS (working as a consultant) Expenses : 50k annual (school fees), about 15k misc (covering my travel and food to work and random spends) no loans or credit at all. no investment , no insurance nothing at all where to save money or invest for kids future? i have 0 saving as end up splurging my money each month. I want to start saving in a disciplined manner each month.
i m working in private sector and my age 32 year. My current income 30000 pm. my expenses details :- lic per annum (2) 65000/- rs just start now SIP(ICICI (2000/- RS PER MONTH)AND (HDFC TAX SAVER 3000 RS PER MONTH) & ULLIP (SBI wealth builder 30000 PER ANNUM & BIRLA SUN LIFE 25000 PER ANNUM), May i know is that good way? for saving and income purpose or not.
hi Am 22, working in am IT company.I have just joined and will be earning around 18 k per month. What is the best way to plan my money if i want good results after 2 years.
Re: how to invest??????????
by vishal sharma on Mar 30, 2010 02:37 PM
since u r too young i suppose u have to invest in equity based funds & sip will be the best option for u .
RE:how to invest??????????
by online mutualfund on Aug 04, 2008 02:40 AM
Lets keep it plain & simple. Invest in term insurance for Life Insurance purpose. ELSS of Mutual Funds for investing purpose.
RE:RE:how to invest??????????
by sumit uday on Feb 01, 2008 06:47 AM
i presume tht mutual funds r the good one to save money wth in 2 years, bcoz in ULIP the actuall amount tht goes into the insurance company is aroung 80% of the amount tht u pay so the units tht u earn in mutual funds e gona be more then the ULIP, for Ex: if u pay a premium for around 20000 per anaum, the amount tht reaches the insurance company is around 12000k per annum, so ur u earn UNITS on those 12000, so thnk for a ahort tern Mutual funds r better then the ULIP
