Mr. Econ’s with his wife and child resides in Pune city. His wife is a housemaker. He owns a 2BHK flat since 2012 when his income was 60000/-. In 2012, Mr. Econ was 42 years old. His current monthly income is approx. 90000/-. Home loan monthly EMI – 24000/- (15 years) Society Maintenance - 25000/- per annum House Tax - Rs. 16000/- per annum Car loan monthly EMI-7500/- per month Car zero depreciation insurance – Rs. 17000/- per annum. Car yearly servicing – Rs. 8000-10000/- LIC monthly premium for a Policy – Rs. 2000/- LIC yearly premium for another policy – Rs. 12000/- Medical Insurance - Rs. 25000/- per annum. Monthly grocery, vegetables, electricity, petrol other miscellaneous - Rs. 15000-18000/- per month. Mutual Funds monthly allocation- Rs. 5000/- Education expenditure yearly fees – 1,00,000/- Entertainment Expenditure – Rs. 2500/- per month Internet expenditure – Rs. 1500/- per month Using the logic of Oikus and nemein, you are supposed to suggest Mr. Econ a better approach to allocate the scare resources (income). How he can maximize his satisfaction and live a happy and content life till and after retirement?
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Khilafat movement, pan-Islamic force in India that arose in 1919 in an effort to salvage the Ottoman caliph as a symbol of unity among the Muslim community in India during the British raj.
Related Topics: Islamic arts Islamic world Sufism Sharīʿah Shiʿi
Date: c. 1920 - 1924
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