Question

Priti is a 30-year-old young professional. her net salary is rs. 50,000 pm. she is expecting a bonus of rs. 30,000 in the next 6 months. her car loan outflow is rs. 6,000 pm. the rent is rs.15,000 pm. she spends on food and clothing rs. 9,000 pm. she invests all her surplus funds in retirement schemes, so far. she invests rs.10,000 pm on pension annuity fund. she wants to save money to enjoy a holiday with her parents and take them on a world tour. she will have to have rs. 6 lakhs for this trip. she has monthly medical and miscellaneous expenses for her parents to the tune of rs. 5,000 pm. her salary is expected to go up by rs. 5,000 net of tax, in 2 months time. prepare a budget for priti. should she invest in any other instruments as well

Answer 1

Priti is a 30-year-old young professional. her net salary is rs. 50,000 pm. she is expecting a bonus of rs. 30,000 in the next 6 months. her car loan outflow is rs. 6,000 pm. the rent is rs.15,000 pm. she spends on food and clothing rs. 9,000 pm. she invests all her surplus funds in retirement schemes, so far. she invests rs.10,000 pm on pension annuity fund. she wants to save money to enjoy a holiday with her parents and take them on a world tour. she will have to have rs. 6 lakhs for this trip. she has monthly medical and miscellaneous expenses for her parents to the tune of rs. 5,000 pm. her salary is expected to go up by rs. 5,000 net of tax, in 2 months time. prepare a budget for priti. should she invest in any other instruments as well