Where and How to invest Your Monthly Salary?

I am 27 years old, Married, Earning 45,000 Rs. p.m. living in Delhi. (Suppose) Total headcount: You(Working) and your spouse (Housewife).

Let’s make it lucrative:

  1. House Rent: 10,000 Rs. per month.

  2. Electricity bill: 2,000 Rs. per month. (If you are living in Delhi and spending more than 2,000 Rs. on the electricity bill then be prepared for some deficit.)

  3. Water and Internet: 1,000 Rs. per month.

  4. Food and Grocery: 5,000 Rs. per month. (Food and other expenses like vegetables, oil etc.)

  5. Transportation: 2,000 Rs.

  6. Miscellaneous Expenses: 3,500 Rs. per month. (Anything you want to include which I didn’t consider here.)

Now, Concentrate here:

6. Term insurance for you only: 700 Rs. per month.

This is something very important and you can avail it at affordable cost at this age.

(Can a housewife get a term insurance? : NO The logic given is that since term plans are meant for income replacement, housewives technically do not qualify to these products as they have no income.)

7. Medical Insurance: 800 Rs. per month.

This is ‘must’ for the couple as in case she is pregnant then you can avail the claim. Maternity coverage is one of the 10 essential health benefits that is covered by all health insurance plans offered to individuals, families, and small groups. Health insurance for pregnancy, labor, delivery, and newborn baby care became mandatory in 2014 under the Affordable Care Act.

8. Mutual Fund (SIP) : 5,000 Rs. per month. (Only in Tax saving funds)

As your salary is 45,000 Rs. per month or 5,40,000 p.a. then you come under the second slab in which you have to pay 20% tax. By investing in Tax saving funds you can get the benefit of 80C in which you save 9,000 Rs. tax.

9. Direct Equities (Stock Market). 5,000 Rs. per month.

Some of the Bluechip companies delivered 100% returns in less than 5 years.

Invest in Only in Bluechip companies: If you have LOW-risk appetite Invest in Only in Small/MidCap companies: If you have HIGH-risk appetite Invest in Bluechip + MidCap +SmallCap: If you have MID risk appetite.

If you are already trading in stocks then try to use brokerage free demat account. I use Upstox as it is easy to use and 0 Brokerage charges. You can anyone as per your wish. If your investment is higher then first learn to analyse the stock and then start investing.

10. Recurring Deposit : 5,000 Rs. per month.

Why RD? Because you must have some liquid funds in case of an emergency. You can’t redeem stocks/MFs in one day, it takes at least 3 days.

11. Savings Account: 5,000 Rs. per month.

This is for you to use anytime, anywhere you want. Use Credit cards as a backup and don’t forget to pay the bills on time otherwise they charge massive interest and penalties on that.

(Considering: I don’t have any loan or liabilities, we cook food and have a washing machine to wash to clothes so, No maids).

Creating a financial plan helps you see the big picture and set long and short-term life goals, a crucial step in mapping out your financial future. When you have a financial plan, it’s easier to make financial decisions and stay on track to meet your goals. Big reasons why Financial planning is very important are Inflation, Long-term goals, Emergencies, Dreams, and a peaceful Retirement.

Hope it was helpful :) Please Leave A Comment Below With Your Thoughts On This Lesson… If You Have Any Questions, Please Contact at

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