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How To Budget - Ankur Warikoo

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249 views8 pages

How To Budget - Ankur Warikoo

Uploaded by

hricha.vimal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Year Starting Salary Increment Ending Salary Needs Wants Investments Needs Wants

2021 - - 360,000 15,000 9,000 6,000 50% 30%


2022 360,000 36,000 396,000 15,600 9,900 7,500 47% 30%
2023 396,000 39,600 435,600 16,260 10,890 9,150 45% 30%
2024 435,600 43,560 479,160 16,986 11,979 10,965 43% 30%
2025 479,160 47,916 527,076 17,785 13,177 12,962 40% 30%
2026 527,076 52,708 579,784 18,663 14,495 15,158 39% 30%
2027 579,784 57,978 637,762 19,629 15,944 17,573 37% 30%
2028 637,762 63,776 701,538 20,692 17,538 20,231 35% 30%
2029 701,538 70,154 771,692 21,862 19,292 23,154 34% 30%
2030 771,692 77,169 848,861 23,148 21,222 26,369 33% 30%

2018
2024 696000 257520 208800 229680
21460 17400 19140

696000 236640 208800 250560


19720 17400 20880

Total
LIC 75000 6250
Nps 5000
Pf 500
80500
Mutual funds 189990
Gold 130000
Investments
20%
23%
25%
27%
30%
31%
33%
35%
36%
37%
Year Amount Rent Food Electricity Mobile Clothes Transport Internet Total Over/Under Budget?
2021 15,000 5,500 2,000 500 500 500 1,000 500 10,500 4,500
2022 15,600 - 15,600
2023 16,260 - 16,260
2024 16,986 - 16,986
2025 17,785 - 17,785
2026 18,663 - 18,663
2027 19,629 - 19,629
2028 20,692 - 20,692
2029 21,862 - 21,862
2030 23,148 - 23,148

2024 19720 10000 700 2000 1000 13700 6020

In bank RD 1
13700 6020
Year Amount Car/Bike Phone Vacation Clothes Dining Out Total Over/Under Budget?
2021 9,000 3,000 1,500 500 500 500 6,000 3,000
2022 9,900 - 9,900
2023 10,890 - 10,890
2024 11,979 - 11,979
2025 13,177 - 13,177
2026 14,495 - 14,495
2027 15,944 - 15,944
2028 17,538 - 17,538
2029 19,292 - 19,292
2030 21,222 - 21,222

2024 17400 2000 2000 2000 6000 11400

In bank RD 2 home/ arya


4000 11400
RD 3 vac
2000
Year Amount PPF Insurance Emergency FD MF Stocks Real Estate Gold Cypto
2021 6,000
2022 7,500
2023 9,150
2024 10,965
2025 12,962
2026 15,158
2027 17,573
2028 20,231
2029 23,154
2030 26,369

Emergency fund
Long term Long term 19720*6 Mid term Long term
250560 500 75000 118320 189990 130000
2024 20880 6250 9860 15832 10833
2024 20880 6250 7315 7315

LIC RD 4 lic RD 5. EmergenSIP home


6250 7315 7315

*12
87780 87780

For down payment


281000 42000
87780 13167
130000 170000
Total Over/Under Budget?
- 6,000
- 7,500
- 9,150
- 10,965
- 12,962
- 15,158
- 17,573
- 20,231
- 23,154
- 26,369

400490
Expected returns (pre-tax) 15%
Inflation 6%

Total Investment (10 years) 1,788,736


Value in 2030 3,428,213 1,914,296 This means, in 2030 you will have 34 lakhs in the bank, but because of inflation, it will be
Value in 2040 15,221,999 4,746,291 This means, in 2030 you will have 152 lakhs in the bank, but because of inflation, it will be
Value in 2050 67,588,920 11,767,916 This means, in 2030 you will have 676 lakhs in the bank, but because of inflation, it will be
Value in 2060 300,109,219 29,177,275 This means, in 2030 you will have 3,001 lakhs in the bank, but because of inflation, it will be
Value in 2070 1,332,548,923 72,341,898 This means, in 2030 you will have 13,325 lakhs in the bank, but because of inflation, it will be
this will be the this will be the
amount in your value of that
bank money
t because of inflation, it will be equal to 19 lakhs in today's money
t because of inflation, it will be equal to 47 lakhs in today's money
t because of inflation, it will be equal to 118 lakhs in today's money
t because of inflation, it will be equal to 292 lakhs in today's money
t because of inflation, it will be equal to 723 lakhs in today's money

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