|
« continued from previous page
|
Budgeting For Newly Weds
|
A sample monthly cash budget in rupees is detailed below
| S.no |
Particulars |
Budget |
Actuals |
|
| |
Opening cash balance |
|
|
1,00,000 |
| |
|
|
|
|
| A |
Receipts |
|
|
|
| 1 |
Salary In Hand - Husband |
|
|
25,000 |
| |
Wife |
|
|
25,000 |
| 2 |
Interest income (nominal income is not included and left to accrue over time and become part of savings) |
|
|
NA |
| 3 |
Dividend income (nominal income is not included and left to accrue over time and become part of savings) |
|
|
NA |
| |
Total cash receipts |
|
|
50,000 |
| |
|
|
|
|
| B |
Payments |
|
|
|
| 1 |
Housing Total |
|
|
10,000 |
| |
Rent OR Home Loan Repayment |
|
|
8,000 |
| |
Maintenance & Repairs |
|
|
1,000 |
| |
Statutory levies |
|
|
1,000 |
| |
|
|
|
|
| 2 |
Utility Services |
|
|
8,200 |
| |
Gas |
|
|
300 |
| |
Electricity |
|
|
2500 |
| |
Petrol |
|
|
1500 |
| |
Telephone |
|
|
500 |
| |
Water |
|
|
200 |
| |
Cable TV |
|
|
200 |
| |
Household help |
|
|
500 |
| |
Conveyance |
|
|
2000 |
| |
Miscellaneous expenses |
|
|
500 |
| |
|
|
|
|
| 3 |
Food |
|
|
3,800 |
| |
Groceries |
|
|
1500 |
| |
Milk |
|
|
400 |
| |
Beverages |
|
|
400 |
| |
Snacks and other food items |
|
|
1500 |
| |
|
|
|
|
| 4 |
Personal Maintenance |
|
|
3,500 |
| |
Clothing Purchases |
|
|
1,000 |
| |
Laundry |
|
|
250 |
| |
Education Expenses |
|
|
1,000 |
| |
Books, magazines, newspapers |
|
|
250 |
| |
Entertainment and recreation |
|
|
1,000 |
| |
|
|
|
|
| 5 |
Personal care and health care |
|
|
1,500 |
| |
Medical bills and medicines |
|
|
200 |
| |
Health insurance |
|
|
800 |
| |
Personal care (hairdresser, cosmetics) |
|
|
500 |
| |
|
|
|
|
| 6 |
Obligatory payments |
|
|
3,000 |
| |
Car Installment |
|
|
2,000 |
| |
Other Installments |
|
|
1,000 |
| |
|
|
|
|
| 7 |
Savings and investments (30% of total income) |
|
|
15000 |
| |
Short term savings |
|
|
4000 |
| |
Long term Savings |
|
|
5000 |
| |
Life insurance |
|
|
5000 |
| |
Stock investments |
|
|
1000 |
| |
|
|
|
|
| |
Total Expenditure |
|
|
45000 |
| |
Income After expenditure |
|
|
5000 |
| |
Ending cash balance |
|
|
1,05,000 |
The above budget entries are indicative and not exhaustive. Reviewing the budget every month with the actual figures is as important as preparing a budget. So match the budgeted figures with the actual and trim expenses wherever possible. Every little amount saved ensures your financial freedom in the years to come.
|
|
|
Geetha Dasarathy
|
|
|
|
|
|
|
| |
 |
|
|
|
|
|
| | La Opala Dinner Set- 35 Pieces (Urmi) | Philips Grill - HD 4428 | Nirali's 3 pieces Gift Set | | | | | | Rs.2,950 ($61.28) | Rs.5,495 ($32.05) | Rs.2,460 ($51.10) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ask our Experts :
Expert Advice, Personality, Immigration (US), Tarot, Hot Couture, Body Care, Matrimonial Laws, Sexual Health, Life, etc, Man vs Woman, Fitness. |
|
 |
|
Furl it
Reddit
Readers comment
