BusinessPhoto: Deccan HeraldHow Your Income Supports Multiple Financial Goals
During the festive season, bonuses often inspire plans like upgrading a car, buying a house, or taking bigger holidays. However, these ambitions must be balanced with existing financial commitments. For example, a 35-year-old earning Rs 2 lakh monthly may have Rs 45,000 left after expenses. This surplus must be divided among goals like education, parental support, and retirement, highlighting the need to prioritize based on monthly surplus, not gross salary.
Deccan Herald·



