Rajiv and Meenal, a newly wedded couple, visited my office to discuss the Investment options to save for their house buying. Both of them were salaried and currently living in Rajiv’s parents house, and thus had a nice disposable income with them, which they want to put into productive use, with an idea of buying their own home as soon as they can.
But me with my financial planning mind , always start with the risk side and want to understand the other investments and liquidity already in place.
Since it’s been only 6 months of their wedding, it was a kind of honeymoon period going on for them, so expenses are totally out of hand. And due to the wedding expenses they have also withdrawn all their old savings done till date. Thus almost zero liquidity. Read more: Budgeting – Be aware of your expenses