If you Dink...Before you Blink...You will sink ! Dont try to over do anything. Its good to earn money but once a boy or girl becomes stable, he should immediatly settle in life and have atleast a kid first.If you dont have its fine, you can enjoy your life for few years and save some money.Now imagine that you have kids late in life, by the time you reach average indian passport age, your kid will still be in his teans, you will never be able to see your kid settling in life and getting married, forget that he or she will not even be in a position to help you in your old age.So there is compromise for everything. All that glitters is not gold.
Excellent article! ofcourse, it can also be extended to a SISK having decent income by splitting the salary into two i.e., 50% towards investments and rest to support the life. look forward to such interesting writings. Great job rediff.
I am unmarried, but I had a similar plan, which I thought Id implement when I would marry. Allocate my income to spend and keep my spouse's income for saving and for her/my family's future use. I wouldnt touch that.
The essence of the article is that saving is as much important as earing. No doubt it is true forever. The saving style mentioned in the article is really a novel yet pragmatic approach.All Double income familes need to consider this style of saving.
In my view, Saving in terms of assets and Gold is also to be consdired, observing the real estate boom and Gold rush. Note that These are traditional saving modes. So This could be some part of the portfoilo.
The message in this article is right I am forwarding this article to my husband We have a one and half yr old son and we definitely need to plan and save for his future
