Venkytalks

Now imagine the same guy with two kids having 30,000 school fee quarterly, 1.2L Per annum!!!!!

Fishing is injurious to your financial health

vishal1880

Nothing much... for the poor guy I will change the 6000 petrol bill to 1000 Metro/DTC Bill.....

Imagine the difficulty he will have have in finding a house near a Gurudwara (not to be taken personally but I was actually thinking about my future)

I know Fishing can get you fished financially!

coke_indian

:p Some ideas :
1. I will change the job asap and try to grab from 80 K to 1 L
2. Nothing can be done in case of Tax
3. Will Keep my flat as it is, it is my investment and most probably will give me sweet returns
4. Rent - Nothing can be done
5. WIll reduce usage of AC whichin turn wll reduce my elec bill :p
6. less talks on Cell and :p
7. Will reduce Petrol bill : As applicable will reduce Car usage and use more Metro or Bike
8. Very Imp - Will Eat Lesser to avoid Fat :p

roby007

You understood. It's the financial of a particular person(first time buyer) which drives him most for a location.
On 80 K take home, IT will be 13900 k a month approximate.
If your salary structure reducing it to 8 k then it's good. You can also further reduce it by 4 k a month more by taking loan for ready to move in house.
(no IT benefit till you get possession - of course benefit for under construction period can be claimed after possession but in I think 5 FY)

55 k a month on housing out of 80k till you get your own is overkill according to me.

There are many solutions in same salary but there is no ready made solution. Everyone would like to calculate as per his priority.

r
PS - You forgot you to include car EMI.

Venkytalks

Fishing is finishing !!!

If you are not married, better to finish buying your house and pay off loan before getting married !!!

Otherwise you will be finished!

In the meantime, use your flat as a bachelor pad and go on fishing expeditions

roby007

Or marry a girl earning same amount to live happily.

r

Venkytalks

Buddy, times have changed. Girls have the upper hand now.

You need to have own flat and MNC job before any girl will agree to marry you.

If not MNC job, then own swanky shop rented out on good amount.

maxcapri

very true times have really changed like tht mate.

roby007

80 k = mnc job?
40 k emi = flat

If owning to flat means full repayment of emi then they will be getting 40 plus guy.

r

Venkytalks

Times have changed, they will have BF until Mr. Right at 40+ comes along with MNC job and flat