How to plan for a marriage?
28M, decent savings, earning decently well. What are the questions that I should have clarity around finances when taking a plunge?
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Is your savings parked in banks, FDs or equity market, MFs?
If its the market and you have been getting good returns, depending on the time frame, one can explore taking a personal loan for marriage. Loans more than 10L can be sourced for interest rate less than 11%. This ensure that the investment linked to market continues its compounding.
For a 15L Loan for tenure 3/4 years, interest will come ar 3L approx.
I did this for my marriage last year, didn’t touch my investments and in last 10 months it has grown almost 50% and is still growing. Whereas interest was only 3L.
Note: This suggestion is a contextual and subjective depending on how you invest and where you invest.
Yess, looking for experienced answers👀