How to plan for your marriage advice for woman by expert: Interesting inputs emerged from a survey conducted by IndiaLends during the wedding season. For example, young men and women consider marriage as their own responsibility and do not want to put financial pressure on their parents and family in this regard. 1200 Millennials whose age was between 25–40 were included in this survey. Around 73% of people with annual income of Rs 5-10 lakh are not spending more than Rs 7-10 lakh on their wedding.
According to the results of this survey conducted in 20 cities of the country, 60% of the girls said that they would spend their own money for their weddings. In such a situation, if you also want to bear the expenses of your own wedding, then the better way for this is smart financial planning. Let us get complete information in this regard so that you can use the right input for yourself. For more such information related to women and personal finance, you can click here.
In wedding planning, apart from your income, responsibilities, future goals, you will also have to keep in mind what kind of wedding you want, whether it is a budget wedding or an expensive luxurious wedding. Money will have to be raised accordingly, there is no limit on spending money for a wedding with expensive decorations and destination, but if you want to get married in the next 5-10 years, then preparations will have to be made from now. Prepare a monthly budget, reduce wasteful expenditure, include important expenses like emergency fund and medical insurance in your monthly budget so that you do not spend a lot on emergency expenses in future.
Balwant Jain, an expert in tax and investment matters, says that you should start SIP with your first job. The sooner you start Systematic Investment Plan i.e. SIP, the higher will be the return you get from investing in mutual funds. Apart from this, if your risk appetite is high then you can invest in Agresys Hybrid Fund. It has been seen from the experience of last years that 65 percent of the money invested in it is invested in equity. He says that if you do not want to take risk regarding investment then invest in debt funds, G-Sec funds are also issued by the central or state government in which there is no risk of losing money.
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Apart from this, when it comes to planning for the wedding, do smart planning so that the expenses are minimal but do not become a hindrance in the enjoyment and program. For example, keep the guest list strict, club functions like Ladies Sangeet-Mehendi, holding the reception immediately after the wedding ceremony can make the venue cheaper, having an off-season wedding will save a lot because of everything from the venue to the catering related to the event. Service providers are relatively cheap. At this particular point we There was detailed news, you click here You can study after doing it.
Tags: business news in hindi, Marriage news, mutual funds, personal finance, Women’s Finance
FIRST PUBLISHED: May 8, 2024, 15:03 IST