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Salary Savings

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karthikrao

B.com CS(inter) -ongoing

118 Points Posted on 30 April 2020

Sir, My monthly salary is.Rs.16000 per month and I give to home 7000.Remaining 3000 certain expenses like conveyance petrol,misc exp..etc I want to save my remaining 5000 or 6000 in what way ?...plz guide.

Replies (5)

Quick Summary

This discussion focuses on how to save between £5,000 and £6,000 from a monthly salary of £16,000 after essential expenses. Suggestions include exploring investment avenues like PPF, LIC, and Post Office savings schemes, with advice to research options suitable for individual needs. It's also recommended to maintain an emergency fund equivalent to six months' salary before committing to long-term investments like PPF or mutual funds, noting that saving habits may need adjustment post-pandemic.

RAJA P M

"Do the Right Thing...!!!"

77792 Points Posted on 30 April 2020

Invest in PPF Account, LIC, Post Office Saving Scheme and Some other which is suitable to You...

karthikrao

B.com CS(inter) -ongoing

118 Points Posted on 30 April 2020

Sir,which is suitable to invest.kindly give me breakup details of above schemes any... thks

RAJA P M

"Do the Right Thing...!!!"

77792 Points Posted on 30 April 2020

Dear.,
Better check out the details in google...
Many more investments available in the market. You can choose as per Your requirements...

Ex: PPF is good investment. But, it's long term investment. We can't take it short period.

(check more details in online).

Anmol Khurana

Superintendant(Accounts)

27 Points Posted on 30 April 2020

Sir...its necessary to have some emergency fund...
it's like 6 months salary to be in saving account.
if u have that...then go for PPF AND MUTUAL FUNDS...