Personal Finance | AmbitionBox

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goldenfire

1mo (edited)

student at

Babu Banarasi Das National Institute of Technology and Management, Lucknow

I'm a 20-year-old student who started investing in MFs a few months ago with my pocket money. I also receive some pocket money through UPI and have a couple of FDs in my name. Recently, I landed an internship that'll pay me around 20k per month. Should I file an ITR now, or can I wait? Any advice would be super helpful!

a team manager

2w

How is New Delhi Costlier than Bangalore???

I live in Gurgaon as a Bachelor in a shared flat and here are my regular monthly expenses, Rent - ₹ 15,000 p.m Food/ Groceries - ₹ 4,000 p.m Transportation - ₹3,000 p.m Utilities - ₹ 4,000 p.m Househelp - ₹ 3,000 p.m Entertainment & Others - ₹ 15,000 p.m (includes eating out, gym membership etc.) SIP- ₹ 5000 p.m EMIs( iPhone, Car,etc.)- 25000 p.m Total expenses : ₹ 74,000 p.m or ₹8,88,000 per year And with that being shared, I can 1000% say that Bangalore would be a lot costlier than this. Idk how these ratings were calculated. Which city you're in, and how much is your cost of living monthly?

biryanienthu

1mo

An Assistant Manager

After a long 14-year journey, I'm finally debt-free!

I started working back in 2010, juggling two educational loans, a personal loan, a car loan, and a few loans to family members. It's been a tough ride, but yesterday, I paid off my last installment. Today marks the first day of my debt-free life, and I couldn't be more excited!

doctordaaru

1mo

A Tech Lead

2 lakh+ Kirana stores shut due to Zepto, Blinkit !!!

Recently read the article which says that approx 2 lakh+ kirana stores have been shut down in last few years after the arrival of quick commerce platforms like Zepto, Blinkit and Instamart. Even Flipkart has launched their own quick commerce platform now. Do you think its a good thing for our country in the long run? Or are these apps just making people lazy?

a software developer

1mo

ESOPs don’t always work, but when they do its magical🌟

5000 Swiggy employees made around 9000 crores in the IPO Some of them would have even made 100 crore plus Many many more would have made 10 crore plus And Many Many Many Many more would have made 1 crore plus. So many people became crorepatis just overnight. This changed my entire perspective regarding ESOPs. Gonna accpet every ESOP offer now onwards!

an analyst

2w

Suggest me investment ideas

It's been more than a year and I have not invested my money well. I want to start now. Other than SIPs I want to invest in NPS/PPS and schemes like these. How should I actually go with what plan? Please help suggest something reliable

gemsbond

3w

works at

Accenture

Financial Advisors: Worth the Cost?

I've seen many people, especially those earning a decent amount, being advised to consult a financial advisor. But are they worth it? 🤔 Has anyone here actually hired one? Did it significantly change your investment portfolio? Share your experiences! Good, bad, or ugly, I'm all ears. Let's discuss it!

heartwarmingsquirrel

2d

works at

Deloitte

What are some of your side businesses along with your full time jobs?

crunchytikka

1mo

works at

Cipla

Can We Make it Outside India on ₹4 Lakh/Month?

Hey everyone, My wife and I are both fortunate enough to have remote jobs that let us work from anywhere. We're currently based in Bangalore, but we're dreaming of taking our work-life adventure to another country. We're wondering if it's feasible to live comfortably in a foreign country with a combined monthly income of ₹5.5 lakh. After accounting for our EMIs and other fixed expenses, we're left with around ₹4 lakh per month. So, the big question is: Can we make it work? We're open to suggestions, advice, or personal experiences from anyone who's successfully made a similar move.

a team manager

1mo

Spending 50k just for FOMO?

A friend of mine recently bought Coldplay ticket for 20k. Further, to attend the concert he will be travelling from Chennai to Mumbai for the show and spending at least 30k-35K more on the flight tickets. We were on a call yesterday, where he was telling me about this and randomly I asked him about his favorite song of the band and he went point blank! He tried to name some random song but eventually confessed that he hasn't heard much Coldplay songs. And that's the reality of a majority of people who are excited for the concert! The FOMO of not doing something that you don't even enjoy is real. The peer pressure to live a happening life on social media to get validation from others is real! But is it really worth it?

hukumamatata

1w

works at

Infosys

Why does government doesn't charge taxes to local and unregistered businesses??

We corporate employees pay taxes so that 90% of Indian Population can live freely!

sleekchapati

2mo

A Team Lead

Looking for a Financial Advisor!

I'm on the hunt for a personal finance planner in India who can help me get my finances in order. I'm in South India, so online consultations would be ideal. I'm not looking for someone to invest my money. I need help managing my debt and planning for my future. Any recommendations from people who've had a good experience?

an operations executive

1mo

A Hard-Learned Lesson About Debt!

I’ve been in a tough spot lately and I wanted to share my story. I used to think I had my finances under control, but I quickly learned that credit card debt can spiral out of control. I had a decent salary, but I started using credit cards for everything. Before I knew it, I had 20+ EMIs and was drowning in debt. It was a scary situation. I finally decided to take action and consolidate my debt into a personal loan. It was a tough decision, but it was the right one. Lesson learned: Don't let credit card debt take over your life. Be mindful of your spending and always have an emergency fund.

cleantonic

2w

works at

Oracle

Reasonable % of TC going towards mortgage

Greetings! I’m in the process of looking for our first home, in the Bay Area. Planning on putting a 500k down payment and looking at my options for the price I’m willing to go with. For under 1M the options in the city are either old flats or newly built condos with crazy HOA. I’m wondering if I should go the extra mile and push closer towards 2M to get a house?😅😅 The 2M option is looking at a 12k/mo mortgage, which is almost all of my take home base salary (around 15k) and although I get significant RSUs I don’t feel secure about the more variable part of compensation. Like, I can control the bonus part by delivering good enough work, but the RSU part I can’t really control. How do you plan around this? What happens with mortgage if you lose your job, or you need a career break or something? I feel good working hard today but I don’t think I’ll do the same for 30 years 😀 TC ~ 500k, HHTC ~ 600k Grew up poor so totally inexperienced in housing personal finance.

importantscorpion

2mo

works at

Info Edge

Monthly Expenses!

I'm curious about what it takes to maintain a middle-to-upper-middle-class lifestyle for a family. How much do you all typically spend each month on the following: Rent or Mortgage: How much do you shell out for your home? Groceries and Food Entertainment: How much do you spend on movies, outings, and other fun activities? Medical Expenses: What are your average healthcare costs? Travel: How often do you travel, and what does it cost? Do you have any other regular expenses, like gifts, electronics, or utilities? Let's share our experiences and get a better idea of what it takes to live comfortably.

gemsbond

1w

works at

Accenture

Is There a Way to Celebrate Love Without Breaking the Bank?

I’ve worked really hard to build a good life for myself. I studied hard, got a good job, and saved money. But now, I’m worried about the cost of weddings. It seems like everyone expects big, expensive celebrations. This could ruin all my hard work. It’s frustrating to work so hard, pay high taxes, and still feel like I’m not succeeding. I wish we could find a way to celebrate without breaking the bank

intenseparrot

3mo

An Assistant Manager

Middle-Income Couple Seeking Financial Advice

Hey everyone, My wife and I are a middle-income couple in our late 30s living in a big city in India. We're trying to figure out how to make our money go further. We have a joint income of around 3 lakhs, but it always feels like we're just scraping by. We're spending a lot on things like rent, childcare, and pet care. We also contribute to my mom's living expenses. We're hoping to move into a place we own in a few years, which will help us save on rent. Do you have any tips on how we can manage our money better? We're worried that we're too late to start saving properly😓

a product manager

2mo

2.5 Lakh Investment in a MacBook with 4 LPA Salary!

Hi guys, my younger brother has recently started his corporate career almost an year back and he's working at a minimal salary of 4 LPA. He is keen on buying a macbook worth 2.5 LPA on EMI, as he has a youtube channel as a side hustle and feels that this device is necessary for his channel's growth regarding editing and stuff. How do I make him understand that buying something worth more than half your annual salary is a foolish decision. He even denies to take any monetary help and is rigid on buying it with his own money. Any help is appreciated :-(

a sales executive

2mo

How can I grow my 2L savings in 6 months?

I'm a bit late to investing and my income was low in the beginning. I have around 2L saved up. How can I make it grow faster? I'm earning 30k per month now.

an operations executive

4mo (edited)

New to Corporate Life, Need Help Saving!

Hey everyone, I'm a 24-year-old who just started working at an MNC in Pune last November. This is my first corporate job, and I'm struggling to save money. I know I'm lucky to live with my parents and not have to worry about rent or food, but my salary still seems to disappear by the middle of the month! I've already set up some automatic SIPs, but I need help figuring out where my money is going. Any tips on budgeting or saving would be greatly appreciated!

cleantonic

2mo

works at

Oracle

Portfolio advice for my sister🙏

My sister is now 37 and got out of a bad marriage. She's joined the workforce again. Currently she has no savings. She makes about 15 LPA in had and has 1 lakh per month to save. She lives with me and my family and has limited expenses. My parents had bought a plot of land in her name which is the only real estate she has. She demanded no alimony or payment after the divorce as we were just glad to be rid of the husband and there were too many complications. We took back whatever gifts & gold she had with her and that's it. Currently she has: One plot of land in the outskirts (valued about Rs. 1 crore) which will grow slowly and we don't want to sell. Rs. 1 lakh per month to save/invest A decent medical insurance cover Some gold Our idea was to put Rs. 50,000 in an RD for the next two years and the balance 50k in UTI Nifty 50. Is this advisable?

crunchytikka

2mo

works at

Cipla

Was Buying a Pre-Owned Car the Right Choice?

I recently took the plunge and bought my first car, a 2014 Honda Brio. While I didn't need a car, I felt it was time to step into the role of the family driver. I purchased it for 2.7 lakhs, putting down 70k and taking out a 3-year loan with monthly EMIs of around 6000. I've estimated fuel costs to be around 6000 per month as well. With a monthly income of 1.1 lakhs, I plan to pay off the loan early using my bonus next year. So far, so good. However, I've been feeling a bit pinched since the extra 12k has been coming out of my account each month. To make ends meet, I've had to cut back on my investments by the same amount. I live in a rented apartment and have no other loans. My credit cards are always paid in full, and I have around 75k left after rent, utilities, car expenses, and groceries. I'm currently investing 30k in two mutual funds (15k each) and 25k in an ELSS. I'm wondering if I'm on the right track. Should I make some adjustments to my lifestyle?

a team manager

1mo

Renting vs Purchasing?

I feel renting a flat/house is much more beneficial especially in the early career stage when you are expected to relocate based on your job. And then eventually buying an house as an investment for future generations in your late thirties. What do you guys say? Tbh, I am just seeking validation here🥲 Image credits: Marketing Mind

a software developer

2mo

High EMIs: Is It a Smart Move?

I'm thinking of buying a 2BHK in Mumbai, but the prices are sky-high! I'm looking at flats that are a bit small, but they're still going for around 2-2.4 crores. Since I don't have that much saved up, I'm planning to take out a loan of at least 1.5 crores. Combined with the EMIs I'm already paying for another house, my total monthly EMIs would be around 45% of my and my wife's combined salary. Do you think this is a good idea? I'm worried about having enough liquidity in case of an emergency. My wife does have some money invested in shares, though. Any advice would be appreciated!

friendlyneighbour

2mo

works at

Daikin

Net worth of Virat Kohli: 1100 crore Net worth of Ajay Jadeja: 1400 crore (after becoming heir to Jamnagar Royal throne) Years of talent vs inheriting generational wealth🥲 However, Ajay Jadeja might not be able spend his wealth as freely as Virat can! Afterall khud ka kamaya hua paisa hits different✨

What do you think is better?

Generational Wealth🔥

Talent😏

11 participants

.

poll closed

crunchytikka

1mo

works at

Cipla

How to Pay for a Home: My Options and Dilemmas

I'm thinking about buying a home in a big city and it'll cost around 90 lakhs. I've saved up half the money already, but I need help figuring out how to pay for the rest. I have a few options: Use my mutual funds and stocks: I could sell some of my investments. Take money from my PF: I could withdraw money from my provident fund. Get a home loan: I could borrow money from a bank. A combination of these: I could do a mix of these options. I'm planning to keep working for another 20 years, and I don't want to ask my family or friends for help. What do you think is the best way to go about this? Can you tell me the pros and cons of each option?

a sales executive

2mo

How Much Do You Invest?

I'm curious to know how others manage their finances. I used to have a monthly take-home of 1.75 lakhs, but it's now around 2.1 lakhs. Out of that, I allocated 70k to SIPs and 30k to stocks (through a small case). On average, that's about 57% of my monthly income going towards investments. My current portfolio size is around 33.5 lakhs. Let's share our investment strategies! How do you allocate your income between savings and spending?

crunchytikka

2mo

works at

Cipla

Did I Avoid Interest on My iPhone EMI?

I recently bought an iPhone 16 Pro on a 6-month no-interest EMI plan using my ICICI Amex Rubyx card. I was able to pay off the entire amount early without any extra charges. I'm curious if I'll still be charged interest each month, even though I've already paid it all off.

an assistant manager

2mo (edited)

A Difficult but Necessary Choice!

It's heartbreaking to see a loved one struggle financially. For the past four years, my uncle has increasingly turned to me for loans, and the frequency of his requests has grown steadily. I've always been generous, lending him money whenever he's needed and never asking for repayment. However, the total amount he currently owes me, around 87k, is equivalent to three months of my savings. This is a substantial sum that I can't afford to lose, especially as I've been diligently saving for my family's future. Today, when he asked for another loan, I had to say no. It was a difficult decision, filled with guilt and sadness. I know he's facing a tough time, but I must put my family's needs first. I've worked hard and saved a good amount I want to invest most of it and build a better future for my family.

a team manager

2mo

Investment Thoughts?

What’s the best way to invest INR 30k as a complete beginner? Stocks vs Mutual Funds vs FDs vs lending to a friend on interest? P.S- If suggesting the last option, then let me know at what interest rate can I lend money?👀

flyingchappal

2mo

A Senior Executive

Saving for the Future: Advice Needed

I'm trying to figure out my retirement finances and how much I'll need to save for my kids' education. I'm 40, the sole breadwinner, and haven't saved much. My post-tax, in-hand salary is around ₹53 lakhs per year. How much would that translate to for retirement? Any advice on investing for my kids' schooling would be super helpful! Thanks!

gemsbond

2mo

works at

Accenture

A Middle-Class Perspective on the Rat Race!

I've been noticing a lot of posts about people making tons of money and having huge net worths. It's made me think about my situation. My parents always told me that having a roof over my head, food to eat, and no debt was a big deal. I believed them, but now I see some people doing much better. I've worked hard, but saving up a decent amount of money has taken me a long time. I'm still nowhere near as wealthy as some people I know. Getting caught up in the rat race and comparing yourself to others is easy. But I try to remember that everyone's situation is different. I'm grateful for what I have, and I'm going to keep working hard. Maybe one day I'll be able to retire early and live a comfortable life.

biryanienthu

3mo

works at

Infosys

Is the High Salary Worth the Sacrifice?

Hey, for those of you in high-paying roles, is this breakdown of CTC and monthly salary accurate? After taxes and deductions, is all the hustle really worth it? Share your thoughts!

a sales executive

4mo (edited)

Satya Vachan

Once a wiseman said that Health is wealth😌

an operations executive

3mo

Seeking 1-Year Mutual Fund Investment Advice!

Hi folks, I am looking to invest in Mutual funds for a period of 1 year with 1 time amount. Please suggest me some funds in which I should Invest.

a chat and email support executive

2mo

Is Zomato too overvalued to enter right now?

I bought Zomato when it was in 60s and it has reached 200+. Though I like the money I have made, but I don’t see a sustainable business model here: Food delivery commissions have made me switch to dining out. In the restraunts, I get a lower price as well as additional discounts on paying via Zomato Quick commerce will become overcrowded and the dream margins will evaporate as soon as Flipkart and Reliance Industries enter . These players have a much higher bargaining power over manufacturers and can cut prices deeply. Smart money is moving away with institutions selling Zomato and retail buying. So should I hold or sell?

butterymojito

2mo (edited)

works at

Flipkart

How to convert 75 lakh cash into stocks?

My mother is receiving 75 lakhs in cash from her father as her share of the property. We have a decade of investment experience and would like to allocate the entire amount to the stock market. Please advice!

an operations executive

4mo

Drowning in Debt: Need Urgent Help!

Hey everyone, I'm feeling really overwhelmed right now. My family's in a tough spot financially with about ₹6 crores in loans. We're barely making ends meet, and our savings are almost gone. We bring in around ₹5 lakhs a month, but most of it goes towards loan payments. To cover our basic needs, we have to borrow an extra ₹1 lakh every month. It's a constant struggle, and I'm starting to feel hopeless. I know this is a lot to take in, but I'm hoping someone might have been through something similar or can offer some advice. Any help or suggestions would be greatly appreciated.

a sales executive

2mo

Given your current financial situation, how long do you think you could comfortably go without a paycheck?

Please Share!

sleekchapati

4mo

A Team Lead

What are the 5 golden rules of personal finance everyone should know?

Hi everyone, Let's get financial! 💸 Share your top 5 personal finance tips. Whether it's saving, investing, budgeting, or anything in between, let's learn from each other. Your advice could be a game-changer for someone! 💡

an operations executive

3mo

Reducing Debts

Planning to break down my debt into manageable chunks and allocate funds to pay it off. What are your thoughts on this idea, will it work to minimise the financial debts...?

a chat and email support executive

2mo

How to change my mindset about spending?🤷‍♂️

So I wanted to buy a couple of things for which I saved up the money, but once I reached that amount I didn't feel like buying it. E.g. I wanted to buy a watch that costs around 13-15k i have 36k( disposable income apart from savings) saved up but still don't feel like buying it now. I'll end up putting it in stocks and have nothing, then drool over such things and the cycle continues. 😅 I've tried a method of saving where we can afford to buy two of those items, but then the thought of that number getting deducted from the account eats me up .😓

crunchytikka

3mo

works at

Cipla

The Financial Impact of a New Car

I'm 28, working in Bangalore, and my parents live about 300 km away. I've been thinking about upgrading from my 8-year-old bike to a car. I've recently bought a house for my parents and am paying the EMI, so I don't have a ton of savings. I'm wondering if now is the right time to buy a car. I'm thinking about selling some company shares I have (worth about 3L) to use as a down payment. I'd like to keep the price under 12-13L. I come from a lower-middle-class family, so buying a car would be a big deal for me. I want to be able to spend more time with my parents and take them on trips. Plus, I feel like a car is kind of essential at this age, especially if I'm going to get married soon. What do you guys think? Should I go for it, or wait a bit longer? Any advice would be appreciated!

an operations executive

2mo

Looking at buying a term insurance policy, was curious how much cover are folks buying.

What's your term insurance cover?

1-3 crores

3-5 crores

5-7 crores

7-10 crores

15 participants

.

poll closed

a sales executive

3mo

How to Handle Debt and Investments?

I have a 15-lakh education loan with a 7.2% interest rate, spread over 15 years. I'm currently paying a monthly EMI of ₹20,000. My outstanding loan balance is ₹13 lakhs. My monthly take-home salary is ₹1.1 lakhs. I invest ₹20,000 per month in SIPs. Additionally, I allocate any variable income I receive towards either my loan or investments in stocks or mutual funds. I'm looking for advice on how to best balance my loan repayments with my investments.

a content writer

3mo

What's your biggest financial dream for 2025?

Is there something you've been saving up for, or maybe a debt you want to finally shake off? Let's talk about financial goals!

a sales executive

3mo

How to Break Free from Credit Card Debt and Save Money?

I'm 33 years old and making ₹50,000 per month after deductions. My wife is currently not working to care for our young child, but she's looking for a remote QA manual tester job using Selenium. I'm struggling to save money because I use credit cards for most of my purchases, making it difficult to track my spending. My monthly expenses include: Electricity: ₹1,000 Yearly insurance: ₹20,000 Property tax: ₹2,000 Food: ₹2,000 Clothing: ₹3,000 (for myself, my wife, and our child, every 2 months) I'm currently saving ₹1.5 lakh in a fixed deposit and transferring ₹10,000 each month to another bank for additional fixed deposits. I've also invested around ₹1 lakh in gold. I need advice on how to save more money each month.

a software developer

4mo

Turning Free Time into Fortune

Hey everyone, I am making a decent living but feeling like I'm wasting too much free time. Thinking about turning that spare time into extra cash something like 30-40% of my current income. Any ideas for a good side hustle? 🤔

goldenfire

3mo

student at

Babu Banarasi Das National Institute of Technology and Management, Lucknow

Best Investment Options for ₹20,000 Monthly

Hey everyone, My dad is offering to give me ₹20,000 every month to invest. I’m thinking about putting it into a SIP or SWP, but I’m not sure which is better. Where do you think I should invest this money? I want to make the most of it.

zombition

4mo

student at

Government College of engineering nagpur

In which company should I open my salary account(and also get its credit card)

I am a fresher graduate and received a job offer from tcs . I'll be asked to choose a bank in which my salary account should be opened. Which bank credit card would be the most beneficial to me as a beginner? Please share your insights.

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