India Languages, asked by harshugang16, 10 days ago

Mr. Econ's with his wife and child resides in Pune city. His wife is a housemaker. He owns at 2BHK flat since 2012 when his income was 60000/-. In 2012, Mr. Econ was 42 years old. Hist 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. 9000/ LIC monthly premium for a Policy - Rs. 2000/ . LIC yearly premium for another policy - Rs. 12000/ Medical Insurance - Rs. 26000/- per annum. Monthly grocery, per month. vegetables, electricity, petrol other miscellaneous - Rs. 15000-18000/ 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 economics i.e manage a household, you are supposed to suggest Mr. Econ a better approach to allocate the scare resources (i.e his income). How he can maximize hist satisfaction and live a happy and content life now and after retirement?​

Answers

Answered by laxtim8
0

Answer:

he cannot live happy without his incomes

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