Personal Finance | AmbitionBox

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a team manager

4mo

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

5mo

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!

crunchytikka

4mo

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?

friendlyneighbour

5mo

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

a sales executive

5mo

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

5mo

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.

gemsbond

5mo

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.

an assistant manager

4mo (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

5mo

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

5mo

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!

a chat and email support executive

5mo

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?

biryanienthu

6mo

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

7mo (edited)

Satya Vachan

Once a wiseman said that Health is wealth😌

an operations executive

5mo

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

5mo

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 .😓

awesomesnail

5mo (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

7mo

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.

an operations executive

5mo

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...?

sleekchapati

7mo

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! 💡

a sales executive

5mo

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

Please Share!

crunchytikka

6mo

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!

a sales executive

6mo

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 sales executive

6mo

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.

goldenfire

6mo

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.

an operations executive

5mo

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 content writer

6mo

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 software developer

6mo

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? 🤔

an educator

7mo

Frustrated after paying 80L tax

I have recently lost my job due to layoffs. I have paid over 80 lakhs as tax to the government over my career of 5 years. Tax equivalence to a house! Now, I have 0 social security. What is the government giving me for all this tax? Just a big GH*NTA! I am a strong believer in India's growth story and that it's best to stay in India! But guess I have to change my thoughts now!

zombition

7mo

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.

an executive

6mo

Investing for the Future!

Hey everyone, I’m 20 and just started working. I’m able to save about ₹60,000 a month after covering my expenses, and I have no outstanding loans. I’ve already invested ₹20,000 in stocks, but I’m still new to investing. I’m thinking about setting aside a 3-month emergency fund, starting an SIP of ₹15,000 to ₹20,000 per month, and investing a similar amount in stocks. Does this sound like a good plan? Is there anything else I should be thinking about? Also, any recommendations for good SIPs to start with?

biryanienthu

6mo

works at

Infosys

What are some good investment options for beginners?

I'm a 29-year-old male working in IT. I've made some financial mistakes and want to build an emergency fund. I can invest up to ₹80,000 per month. What are some good investment options for me?

widemermaid

6mo

A Senior Software Engineer

I’m thinking about canceling a credit card. How will this affect my credit score?

Please Suggest!

exoticdaffodil

5mo

works at

AmbitionBox

Building For Emergency

I always felt the everyone of us should set aside a portion of your income each month to build an emergency amount. It could be in any form like an RD, MF or an SIP.

an operations executive

7mo

Salary Account Confusion

Hey everyone, I'm pretty new to the whole salary account thing. My company just sprung this on me, saying I need to open a salary account with Jupiter. I'm confused because I already have a savings account that works just fine. Why do I need another account? What's the big deal? Is there something special about salary accounts? And what's up with Jupiter? I've never even heard of them! Any advice on this would be super helpful. I'm feeling a bit lost right now.

an assistant manager

6mo

Rethinking My Investment Strategy

I'm 29 and currently investing in a PPF to get the tax benefits. I'm wondering if it would be a good idea to close it and invest the money in a small-cap fund instead. I already have some money invested in a UTI index fund and a few individual stocks. Any advice would be greatly appreciated!

an equity trader

7mo

Kis kis ke paas ZOMATO ke shares hain?

If yes, please share average buy price, and PnL ;)

kaamchor

8mo

works at

TCS

The trading craze in India is really driving me crazy!

Everyone... I mean EVERYONE, from teachers to students to Uber drivers to Corporate employees... everyone seems to be funneling their money into the market. Most are not there for the long term. I remember when the stock market was literally considered to be a gambling game. What do you guys think of this shift?

kyachahiye

7mo

A Software Developer

Sharan saved 10 lakh with 28733 per month salary in 3.5 years😂😂

I recently came across a reel by Finance with Sharan where he was yelling that he started at 28733 per month in Bangalore and after 3.5 yrs. he saved 10 lakhs.. My concern is that he earned 11 lakh approx. For 3 yrs he lived in 1 lakh and saved everything.🤷‍♂️ These influencers are just barking nonsense these days without thinking that they will get views.🤔

a software developer

5mo

Please participate

How much earning is enough for a couple and kid to live a decent life in Bangalore?

Less than 30 LPA

30-40 LPA

40-50 LPA

More than 50 LPA

46 participants

.

poll closed

an equity trader

7mo

Kis kis ke paas NAUKRI ke shares hain?

If yes, please share average buy price, and PnL ;)

widemermaid

8mo

A Senior Software Engineer

Anyone else out there struggling with the rising cost of living?

My spouse and I bring in a combined pre-tax salary of 4.5 lakhs a month, but it feels like everything just disappears! Between housing costs, school fees, EMIs, and groceries, there's barely anything left at the end. We are barely scraping by with 1 lakh saving, which isn't enough for emergencies. Honestly, it's frustrating. On paper, our income looks good, but the reality is we feel the pressure constantly. I am starting to wonder if it's just the cost of living or if I'm missing something with managing our finances. Anyone else in the same boat?

fastandcurious

8mo

works at

Zomato

Which is the cheapest city in India to settle for a retired life?

Please comment!

crunchytikka

6mo

works at

Cipla

Feeling the Pinch

It seems like the government's decision to reinstate pensions for central government employees has made private companies a little more stingy when it comes to offering employee benefits. Is anyone else noticing this trend? It's kind of frustrating, don't you think?

a team lead

7mo

Hindenburg Alert!

Which stock and how much dip? Predict in comments�🤔

tiddey

7mo

An Analyst

Entertainment fund

People I’m 26, and I’m doing a part-time job as a teacher which could give me around 10-30k every month and I’d like to keep it for entertainment fund (For buying things for my parents and siblings). I am not a high-maintenance person and don’t buy expensive stuff but I’d like to spoil my parents and siblings. Any idea how and where I can keep this money ?💰

sastasuperhero

9mo

A Chief Engineer

India's Largest IPO (apparently)! Are you guys ready for Hyundai's IPO? 💹

Read on Friday that Hyundai Motor India has approached SEBI to raise Rs 25,000 crore! I am literally shaking anticipating the impact it will have on the stock market! How many of you guys are excited about this crazzyyyyyy IPO? 🤯🤯🤯

theshark

7mo

A Process Associate

Tell me what you earn without telling me what you earn!

Just tell me kitna tax bharne wale ho....

sleekchapati

6mo

A Team Lead

Why is personal finance management so often overlooked in India? 🤔

I believe it's a crucial life skill that can help you achieve your financial goals, reduce stress, and build a secure future. 💰 Yet, many of us still neglect budgeting, saving, and investing. Why is that so?

an equity trader

7mo

NS

Codename for ? ;)

an assistant manager

7mo

How much money do I actually need to live comfortably in Mumbai with a family of four?

I am talking a nice 4BHK apartment, a decent car like a Volkswagen, being able to afford good schools for the kids, and also have some fun! Local outings every few months, an annual international trip, and of course, good clothes and electronics! Don't forget some miscellaneous expenses like fancy dinners once a month, gym memberships, movie nights the whole package! But on top of that, it's important to have a good financial cushion for emergencies. I don't want to be living paycheck to paycheck.

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