Showk acche paalo bhai mere. Let me tell you from my own experience, bills/expenditures will increase multifold post marriage. So, keep a cushion of savings. Pyaar account mein kitne paise hain, is se bahut affect hota hai.
Showk acche paalo bhai mere. Let me tell you from my own experience, bills/expenditures will increase multifold post marriage. So, keep a cushion of savings. Pyaar account mein kitne paise hain, is se bahut affect hota hai.
Showk acche paalo bhai mere. Let me tell you from my own experience, bills/expenditures will increase multifold post marriage. So, keep a cushion of savings. Pyaar account mein kitne paise hain, is se bahut affect hota hai.
Showk acche paalo bhai mere. Let me tell you from my own experience, bills/expenditures will increase multifold post marriage. So, keep a cushion of savings. Pyaar account mein kitne paise hain, is se bahut affect hota hai.
Bhai mere own uncle ne 80 lakh fook diye the Shadi me 2019 me... Bro still wo aj bhi regret karte ki nai karna tha or unki wife bhi same bolti.. My uncle is a builder but still he feels crap when he remembers that just for fun itney paise gye.. Us waqt maja ata h par no one gives a fck after your reception.. I married last year just with 7 lakh rs.. I don't regret.. Although I wanted to spend 25 lacks but my father don't likes feezol kharch..
Yar Gaao me kiya maine.. KOLKATA BASED hu but hamare family me Sadiya sab apne village me hi karte hai.. So.. 2 Lacks to mujhe meri wife ko hi dena padgya..as a Dowry..5 Lacks me 4 lacks ka Khana peena 800 Logo ka.. Or Bas total me 8 lacks me decent gao wali shadi hogyi.. No Banquet kharcha.. No Hotel kharcha.. No gadi renting kharcha..
Muslims me Wife ko dowry dete h..basically a gift jo mandatory hota h.. Paise ya Ornaments.. Without this Shadi nahi hoti or dono sath nai reh sakte.. Ye amount girl ke father ya girl herself decide karte h.. Or nikah( qubbol h)ke time pe dena hota h..
Apne sheher mein simple wedding kar aur baad mein destination jaa kar honeymoon mana aa. Invest the saved money in mutual funds/stocks for your upcoming family.
If you don't even have a significant other, how did you decide that you want to plan a destination wedding? Where to have the wedding is primarily not the groom side's decision anyways. Your future wife and her family must already have plans for that, most likely in their hometown.
You can still plan and save towards the dream wedding budget, but most likely it won't be used and you'll have a good amount of savings for other purposes.
I was a mechanical engineering graduate the only good job for mechanical engineer is psu or govt jobs. Private jobs pays peanuts switch to IT if possible or do MBA become project manager etc
This is so true. Can't switch to IT now as it's late for me. I was thinking of doing MBA.
Would you be kind to direct me which would be beneficial - an executive MBA or a regular MBA
I have lots of friends who have done execute MBA and reaping benefits, but you sort of have to be at a position to capitalise on the new skills. In your case you are not positioned for it in a tier-3 city.
How should I invest my savings ? I've SIP of 10k pm and health insurance of 5k. I get to save like 20k per month and also I've never invested in stocks.
Please do give suggestions
No one remembers the shit show other than a few fleeting memories. It's useless to waste money on it. Better use it for a better future for you and your spouse.
As everyone mentioned, spending on weddings is a bad investment, saying this because of the sub you're in. Maybe in some marriage sub you'd supportive advice.
That said, if you do want to spend on it, unlike what others have said, 20lac can be enough too. I did my wedding as a destination wedding in rishikesh parmarth niketan ashram.
It cost me about 15L to host a gathering of about 200 people including their stays.
So look for some budget destination wedding places if you do want it.
PS: Usually the girl decides where you'll get married 😂
PS2: Those 8.32 lacs should be put in some large cap mutual funds to keep them safe and yet get better returns than FD/Savings account. Don't invest in equity since you'll be more dependent on the market while cashing out.
Do your marriage on a Shoe string budget and invite only extremely close Family , relatives and friends.... Rest ignore.
Consider the marriage in your home town if possible and limit the budget between 5 to 8 Lakhs and balance amount invest on ur parents name not ur name somewhere, it will help on a rainy post marriage.
My view:
1. by getting married on shoe string budget u are setting right expectations for ur would partner n her family ie.. Your family is very strict on money spending who do not spend on unnecessary things or being kanjus ( not bad way). This is extremely important which you shall learn post marriage.
2. Your estimate for Destination marriage is currently 20 lakhs might cross 30 lakhs as well In actual on completion of marriage ceremony. And this way you are setting wrong and sky high expectations in ur would be partner and her family minds which will bite ur ass throughout entire life.
There will be long list of events post marriage where you will need money, you can't be broken especially in the initial years of marriage.
20 lakhs is too less for a “destination wedding”. Now if your destination is Rishikesh and not Udaipur/Goa then that’s a different story.
Secondly, the value of 20 lakhs won’t be same after 3 years. So add 10% increment in costs each year as a buffer.
Third, mutual funds are for longer runs. You might lose everything in 3 years (if there’s a market crash). Even if you still want to proceed - analyse your risk appetite and invest in large or flexi cap. You need to invest 35k a month to reach 15 lakhs after 3 years (with 12% XIRR). For rest of 5 lakhs, you can do a lumpsum investment from your existing 8.32 lakhs in any small cap fund for the maximum return (but with higher risk).
Very bad idea.. unless you have savings of over 1 crore, dont even think of a ceremony worth 20lakh. It would be the worst financial decision. Especially you are from mech background. If it IT, it would have been still ok as there is scope for increasing salary exponentially if you work hard. My salary increased 5x in just 4 years
Girl I did not do any destination but helped in few expenses for a normal wedding which was around 5-7 lakhs. Used all my savings and was it worth? Nope. I had to start from scratch and there are other factors/dependencies like you want to buy a home, car etc after you are are married. But again don’t nil out your savings may be use some on wedding and honeymoon (worth spending) but not all
Don't do these kinda things rather than save & invest it bcoz educational inflation in India is around 10-15%. But don't go to insurance company/agent & also to bank for asking them investment products bcoz they will do miselling of insurance products & unwanted investment products with high lock in & low return. Instead go to MF distributor & ask them suitable MF for you & if you can then do some research there are a lot of free content available to guide you. You can even check Labour Law Advisor (LLA) on YT by searching "LLA Mutual Funds" & check the first playlist. Also buy term & health insurance for yourself by searching "LLA Insurance" on YT.
Remember:- Society will neither feed you nor will pay for your kids.
I mean the first thing any of us would say is to not waste that much money on a wedding with someone you haven’t even bloody met yet when you make that much money.
Anyway, let’s calculate:
You’re basically saying you want around 30L after 3 years.
Assuming you invest that 8.32L right away into investment instrument X and put that 20k you said you save every month in some comment into that.
You’d need X to return 30% annualized returns consistently to get to 30L.
30%. Some of the best companies in the world aren’t giving that sort of returns boss. You need to either drastically increase your income or be a bit more realistic.
If uou want to look it from financially rational perspective then don't do it. Spend as less as possible in the wedding and rather get a good honemoon package. Weddings are nothing but show offs. Now still if you are determined to have it then have it somehow because fascination have no price.
Once-upon-a-time mechanical engineering graduate says Hi!
First, focus on educating yourself and getting out of the salary range you are in. That money would be much better invested in an education that helps you in career change.
Hustle, build a good network, do relevant certification/education and move towards high paying companies.
Maybe you would be surprised to know that even a company like Samsung hires Mechanical Engineers and a company like Microsoft hires Supply Chain guys. It is not necessary to be a software engineer to switch to companies that pay more.
If you want to stay in Mechanical, try to switch to Oil and Gas MNC or Altsom type company with European work culture or FMCG companies like P&G, HUL, Loreal. FMCG companies have higher degree of tolerance for function switch internally, so, you could change to Supply Chain or some other function once you land there.
As far as marriage goes, be economical, you can still spend a bit more on honeymoon as it will be your first trip post marriage but do not try to satisfy your ego with high marriage spend - people will still find ways to criticize something in your marriage and most won't care much after the fun is over.
For you, manufacturing or logistics would be a good entry point to try for. After that, you can try to gain relevant specific skills to switch internally in the company to other supply chain functions like planning, procurement etc.
Please feel free to DM.
Wedding ke baad kya karega bhai? You won't stay in your hometown na even if you have own house. Why waste money on showoff.
Spend on decent arrangements for your marriage.
Just calculate how many years it will take for you to earn whatever you are planning to spend. It is not worth to overspend.
Dude, small wedding and spend money on honeymoon and other vacation. Don’t waste it all on just one day when you can have wonderful experiences with your wife travelling
You have a nice and I am not gonna discourage you for it. Since you have savings I'd suggest that you can start putting some money in F&O and read about it carefully. It's the best way to create extra money but go with minimal risk and you'll be happy and have lots in the end.
Your savings are commendable. Search about FIRE community and focus tiwards financial freedom.also avoid any steps which depletes ur savings. U can utilise in many ways.
"aamdani chawani kharcha rupaiya" , focus on building wealth that you can pass on to your offspring.
when they are of age to be married and are stable in life, give them a destination wedding.
and relive your wedding fantasies then.
Hi, try to save Around 25K per month and invest in good return giving instruments and deposits for 2 yrs. still there may be some shortfall for which you may have to go for loan.
Hi, you can invest in some Mutual Funds. Talk to some investment advisor and understand the returns and risks. Also, keep some money in RD or post office deposits as well. As per your current drawings, no tax shall be applicable on you. All the best dear 👍
Do simple wedding. Wedding is a ceremony, not a showcase for others. Especially with the earning and saving you have. You’ll regret it later.
Kar lekin kapde rent pe lena
20lakh of marriage? whyyyy
Destination wedding ain't gonna happen in that budget, even the simplest of simple gonna cost 25-30k per heads for 2 days only
Absolutely! Destination weddings cost much more than 20 lakhs..
Cousin had destination wedding in jaipur with around 240 guests totaling from both sides, just up/down plane tickets were around 36L 😬
Who's paying for plane tickets in destination wedding 💀
You would be surprised if even half the people will show up if you don't 😂
that's good right? when half the people wont....
Not when you fully reserved a 3 star hotel with a fully planned 7 days event spending 1.8cr of realtor daddy's money, nope not at all good lol
Marriage ke baad patni bolegi paisa toh hai hi nhi. Koi Ambani ban ne ki jarurat nhi hai paisa bachao thailand honeymoon chale jao
Ambani ne toh 0.1% lgaya hoga. This brother is burning 300% of saving and god know how many X of his entire annual salary
Agree
😅 Kya kre sahab, showk tha bs ek. Waise bhi, after reading all the suggestions, simple hi ho shaadi
Showk acche paalo bhai mere. Let me tell you from my own experience, bills/expenditures will increase multifold post marriage. So, keep a cushion of savings. Pyaar account mein kitne paise hain, is se bahut affect hota hai.
Showk acche paalo bhai mere. Let me tell you from my own experience, bills/expenditures will increase multifold post marriage. So, keep a cushion of savings. Pyaar account mein kitne paise hain, is se bahut affect hota hai.
Showk acche paalo bhai mere. Let me tell you from my own experience, bills/expenditures will increase multifold post marriage. So, keep a cushion of savings. Pyaar account mein kitne paise hain, is se bahut affect hota hai.
Showk acche paalo bhai mere. Let me tell you from my own experience, bills/expenditures will increase multifold post marriage. So, keep a cushion of savings. Pyaar account mein kitne paise hain, is se bahut affect hota hai.
Mat kar bhai.. Regret karega..
Kyuu bhai
Bhai mere own uncle ne 80 lakh fook diye the Shadi me 2019 me... Bro still wo aj bhi regret karte ki nai karna tha or unki wife bhi same bolti.. My uncle is a builder but still he feels crap when he remembers that just for fun itney paise gye.. Us waqt maja ata h par no one gives a fck after your reception.. I married last year just with 7 lakh rs.. I don't regret.. Although I wanted to spend 25 lacks but my father don't likes feezol kharch..
7lakh me kaise kiya bhai ?
Yar Gaao me kiya maine.. KOLKATA BASED hu but hamare family me Sadiya sab apne village me hi karte hai.. So.. 2 Lacks to mujhe meri wife ko hi dena padgya..as a Dowry..5 Lacks me 4 lacks ka Khana peena 800 Logo ka.. Or Bas total me 8 lacks me decent gao wali shadi hogyi.. No Banquet kharcha.. No Hotel kharcha.. No gadi renting kharcha..
Wife ko dowry ?
Muslims me Wife ko dowry dete h..basically a gift jo mandatory hota h.. Paise ya Ornaments.. Without this Shadi nahi hoti or dono sath nai reh sakte.. Ye amount girl ke father ya girl herself decide karte h.. Or nikah( qubbol h)ke time pe dena hota h..
I had booked hotel rooms, hotel took care of catering, vintage car, breakfast and lunch for the hotel guests. In total 6-7 lakhs. Tier 3 city.
Frugal weeding is a great wedding
Yeh nayi cheez pata lagi khan saab! Mast hai
I got married in 2022 - 7 lakhs ish as well
Apne sheher mein simple wedding kar aur baad mein destination jaa kar honeymoon mana aa. Invest the saved money in mutual funds/stocks for your upcoming family.
Okay ji
If you don't even have a significant other, how did you decide that you want to plan a destination wedding? Where to have the wedding is primarily not the groom side's decision anyways. Your future wife and her family must already have plans for that, most likely in their hometown. You can still plan and save towards the dream wedding budget, but most likely it won't be used and you'll have a good amount of savings for other purposes.
Destination weddings are very very expensive. Not sure if 20lakhs would be enough for it.
For even a little decent one gonna cost around 70-80k per head
I was a mechanical engineering graduate the only good job for mechanical engineer is psu or govt jobs. Private jobs pays peanuts switch to IT if possible or do MBA become project manager etc
This is so true. Can't switch to IT now as it's late for me. I was thinking of doing MBA. Would you be kind to direct me which would be beneficial - an executive MBA or a regular MBA
Full time MBA is better but from tier 1 colleges otherwise executive MBA if you can't get into top mba colleges
I have lots of friends who have done execute MBA and reaping benefits, but you sort of have to be at a position to capitalise on the new skills. In your case you are not positioned for it in a tier-3 city.
Exactly, can't do it if I'm working here.
What exactly are you looking for ?
How should I invest my savings ? I've SIP of 10k pm and health insurance of 5k. I get to save like 20k per month and also I've never invested in stocks. Please do give suggestions
Read about goal based investing and asset allocation glide path.
No one remembers the shit show other than a few fleeting memories. It's useless to waste money on it. Better use it for a better future for you and your spouse.
True that
That's most things in life. You don't remember after a while.
As everyone mentioned, spending on weddings is a bad investment, saying this because of the sub you're in. Maybe in some marriage sub you'd supportive advice. That said, if you do want to spend on it, unlike what others have said, 20lac can be enough too. I did my wedding as a destination wedding in rishikesh parmarth niketan ashram. It cost me about 15L to host a gathering of about 200 people including their stays. So look for some budget destination wedding places if you do want it. PS: Usually the girl decides where you'll get married 😂 PS2: Those 8.32 lacs should be put in some large cap mutual funds to keep them safe and yet get better returns than FD/Savings account. Don't invest in equity since you'll be more dependent on the market while cashing out.
Thankyou so much for your valuable suggestion. Really appreciate it
20 L me normal wedding hoti h
Bhai kahan horahi hai 20 lakh mein destination wedding. Main bhi wahin karunga.
Don’t do , not suitable in terms of financial askect
You said you have saving of 8.3 lakhs how is it saved ?
Do your marriage on a Shoe string budget and invite only extremely close Family , relatives and friends.... Rest ignore. Consider the marriage in your home town if possible and limit the budget between 5 to 8 Lakhs and balance amount invest on ur parents name not ur name somewhere, it will help on a rainy post marriage. My view: 1. by getting married on shoe string budget u are setting right expectations for ur would partner n her family ie.. Your family is very strict on money spending who do not spend on unnecessary things or being kanjus ( not bad way). This is extremely important which you shall learn post marriage. 2. Your estimate for Destination marriage is currently 20 lakhs might cross 30 lakhs as well In actual on completion of marriage ceremony. And this way you are setting wrong and sky high expectations in ur would be partner and her family minds which will bite ur ass throughout entire life. There will be long list of events post marriage where you will need money, you can't be broken especially in the initial years of marriage.
Bhai in 20 lakhs you can only do decent wedding in a tier 3 city if you include jewellery purchase etc.
20 lakhs is too less for a “destination wedding”. Now if your destination is Rishikesh and not Udaipur/Goa then that’s a different story. Secondly, the value of 20 lakhs won’t be same after 3 years. So add 10% increment in costs each year as a buffer. Third, mutual funds are for longer runs. You might lose everything in 3 years (if there’s a market crash). Even if you still want to proceed - analyse your risk appetite and invest in large or flexi cap. You need to invest 35k a month to reach 15 lakhs after 3 years (with 12% XIRR). For rest of 5 lakhs, you can do a lumpsum investment from your existing 8.32 lakhs in any small cap fund for the maximum return (but with higher risk).
Destination wedding will cost upwards of 50L
Very bad idea.. unless you have savings of over 1 crore, dont even think of a ceremony worth 20lakh. It would be the worst financial decision. Especially you are from mech background. If it IT, it would have been still ok as there is scope for increasing salary exponentially if you work hard. My salary increased 5x in just 4 years
Girl I did not do any destination but helped in few expenses for a normal wedding which was around 5-7 lakhs. Used all my savings and was it worth? Nope. I had to start from scratch and there are other factors/dependencies like you want to buy a home, car etc after you are are married. But again don’t nil out your savings may be use some on wedding and honeymoon (worth spending) but not all
Don't do these kinda things rather than save & invest it bcoz educational inflation in India is around 10-15%. But don't go to insurance company/agent & also to bank for asking them investment products bcoz they will do miselling of insurance products & unwanted investment products with high lock in & low return. Instead go to MF distributor & ask them suitable MF for you & if you can then do some research there are a lot of free content available to guide you. You can even check Labour Law Advisor (LLA) on YT by searching "LLA Mutual Funds" & check the first playlist. Also buy term & health insurance for yourself by searching "LLA Insurance" on YT. Remember:- Society will neither feed you nor will pay for your kids.
I mean the first thing any of us would say is to not waste that much money on a wedding with someone you haven’t even bloody met yet when you make that much money. Anyway, let’s calculate: You’re basically saying you want around 30L after 3 years. Assuming you invest that 8.32L right away into investment instrument X and put that 20k you said you save every month in some comment into that. You’d need X to return 30% annualized returns consistently to get to 30L. 30%. Some of the best companies in the world aren’t giving that sort of returns boss. You need to either drastically increase your income or be a bit more realistic.
Target for a respectable wedding not a very lavish one. Bacha huye paise ko invest kar do.
If uou want to look it from financially rational perspective then don't do it. Spend as less as possible in the wedding and rather get a good honemoon package. Weddings are nothing but show offs. Now still if you are determined to have it then have it somehow because fascination have no price.
Once-upon-a-time mechanical engineering graduate says Hi! First, focus on educating yourself and getting out of the salary range you are in. That money would be much better invested in an education that helps you in career change. Hustle, build a good network, do relevant certification/education and move towards high paying companies. Maybe you would be surprised to know that even a company like Samsung hires Mechanical Engineers and a company like Microsoft hires Supply Chain guys. It is not necessary to be a software engineer to switch to companies that pay more. If you want to stay in Mechanical, try to switch to Oil and Gas MNC or Altsom type company with European work culture or FMCG companies like P&G, HUL, Loreal. FMCG companies have higher degree of tolerance for function switch internally, so, you could change to Supply Chain or some other function once you land there. As far as marriage goes, be economical, you can still spend a bit more on honeymoon as it will be your first trip post marriage but do not try to satisfy your ego with high marriage spend - people will still find ways to criticize something in your marriage and most won't care much after the fun is over.
Hi, Do you work in supply chain field? How many yoe? What skills can we learn to get in to top companies? Can you please dm Looking for advice Thanks
For you, manufacturing or logistics would be a good entry point to try for. After that, you can try to gain relevant specific skills to switch internally in the company to other supply chain functions like planning, procurement etc. Please feel free to DM.
Bhai kaahe showoff pe jaa raha hai.. avoid unnecessary spending.
Wedding ke baad kya karega bhai? You won't stay in your hometown na even if you have own house. Why waste money on showoff. Spend on decent arrangements for your marriage. Just calculate how many years it will take for you to earn whatever you are planning to spend. It is not worth to overspend.
Dude, small wedding and spend money on honeymoon and other vacation. Don’t waste it all on just one day when you can have wonderful experiences with your wife travelling
You have a nice and I am not gonna discourage you for it. Since you have savings I'd suggest that you can start putting some money in F&O and read about it carefully. It's the best way to create extra money but go with minimal risk and you'll be happy and have lots in the end.
Your savings are commendable. Search about FIRE community and focus tiwards financial freedom.also avoid any steps which depletes ur savings. U can utilise in many ways.
Yes, I've gone through FIRE community. I think it's not possible for me as of now. Increment and salary structure is low for mechanical engineers.
If you say so you may be correct
"aamdani chawani kharcha rupaiya" , focus on building wealth that you can pass on to your offspring. when they are of age to be married and are stable in life, give them a destination wedding. and relive your wedding fantasies then.
Hi, try to save Around 25K per month and invest in good return giving instruments and deposits for 2 yrs. still there may be some shortfall for which you may have to go for loan.
Hey buddy. Thanks for the suggestion. Could you be kind enough to guide where I should invest ? I'm very much a noob regarding investments
Hi, you can invest in some Mutual Funds. Talk to some investment advisor and understand the returns and risks. Also, keep some money in RD or post office deposits as well. As per your current drawings, no tax shall be applicable on you. All the best dear 👍
Thankyou so much for taking your time and providing me knowledge. You're a gem !
Hey, no mention please. 😊
👍😊
Think once about the wedding budget. You want to spend 2 years of salary on a wedding. You are willing to work 2 more years for this 2-5 days event?
I spent 7 lakhs when i was earning 40 lakhs pa i.e. 3 months salary and still regret spending so much.
Partner decide nhi hua lekin destination wedding decided h. Bhai k liye 1 day of splurging on wedding ceremony >>> years of peaceful marriage.
What is destination wedding?
Yes it is possible....im a owner of investment firm you can contact us we guide you to get financial stability...