विशेषज्ञ की सलाह चाहिए?हमारे गुरु मदद कर सकते हैं
nivedita
Naveenn Kummar233 Answers |Ask - Follow
Financial Planner, MF, Insurance Expert - Answered on Sep 18, 2025
Asked on - Sep 16, 2025
.jpg)
am 38 years old and I have zero savings no FD or mutual fund investments. I only have 1.5 crore health insurance for my family and land worth 3 crore. We don’t even have our own house and live on rent. My salary is 1.3 lakh per month, but I am unable to save anything. By the end of the month, I don’t even have 5,000 left. How can I manage this better and start saving?
Ans: Dear Sir,
At 38, with good income (?1.3 lakh per month) and land assets, the key challenge is cash flow management. Since you are unable to save despite a decent salary, it means your expenses are consuming nearly all your income. The first step is not investments, but building discipline in budgeting.
Immediate Steps
Track Expenses Rigorously
For 3 months, note down every rupee spent (apps like Walnut, ET Money, or even Excel/Notebook).
Categorize into Needs (rent, groceries, utilities, school fees, insurance) vs Wants (dining out, shopping, vacations, subscriptions).
Set Savings as a “Fixed Expense”
The mistake is trying to save “after expenses.” Instead, save first.
Start by auto-debiting ?10,000 SIP (even if small) at the start of the month into a balanced mutual fund or recurring deposit.
Gradually increase savings by 5–10% each year as your salary grows.
Emergency Fund (Target: 6 months of expenses)
Build at least ?6–8 lakhs in liquid funds / FD over next 2–3 years.
This protects you from sudden job loss or medical gaps (even though you have health insurance).
House Planning
Since you own ?3 crore land, evaluate if a partial sale or loan against property is possible to fund your own house.
Owning your house will reduce long-term rent burden, but ensure it does not wipe out your liquidity.
Lifestyle Check
If your expenses are ?1.25 lakh+, review big-ticket spends – rent, schooling, luxury lifestyle, debt (if any).
A sustainable thumb rule: 50% needs, 30% wants, 20% savings. Currently you are at 0% savings – this must be reversed.
Insurance Review
You already have health cover of ?1.5 crore (good).
Ensure term life insurance is taken (at least ?1–2 crore). This is critical since you are the earning member.
Roadmap for Next 12 Months
Month 1–3: Expense tracking, cut unnecessary spends by at least 15–20k/month.
Month 4: Start SIP of ?10,000 in mutual funds.
Month 5–12: Build ?3–4 lakh in emergency savings.
Year 2 onward: Increase SIPs to ?25–30k/month.
Conclusion
Your challenge is not income, but expense leakage. With discipline and forced saving methods, you can still build a corpus of ?2–3 crore by 55. Your land asset is an additional safety net, but cash-flow management is what will secure your family’s future.
???? It is strongly recommended to consult a QPFP/Financial Planner to work on detailed cash flow budgeting, expense control, and long-term goal planning tailored to your family’s needs.
Mutual Fund investments are subject to market risks. Read all scheme related documents carefully before investing.
Best regards,
Naveenn Kummar, BE, MBA, QPFP
Chief Financial Planner | AMFI Registered MFD
https://members.networkfp.com/member/naveenkumarreddy-vadula-chennai
At 38, with good income (?1.3 lakh per month) and land assets, the key challenge is cash flow management. Since you are unable to save despite a decent salary, it means your expenses are consuming nearly all your income. The first step is not investments, but building discipline in budgeting.
Immediate Steps
Track Expenses Rigorously
For 3 months, note down every rupee spent (apps like Walnut, ET Money, or even Excel/Notebook).
Categorize into Needs (rent, groceries, utilities, school fees, insurance) vs Wants (dining out, shopping, vacations, subscriptions).
Set Savings as a “Fixed Expense”
The mistake is trying to save “after expenses.” Instead, save first.
Start by auto-debiting ?10,000 SIP (even if small) at the start of the month into a balanced mutual fund or recurring deposit.
Gradually increase savings by 5–10% each year as your salary grows.
Emergency Fund (Target: 6 months of expenses)
Build at least ?6–8 lakhs in liquid funds / FD over next 2–3 years.
This protects you from sudden job loss or medical gaps (even though you have health insurance).
House Planning
Since you own ?3 crore land, evaluate if a partial sale or loan against property is possible to fund your own house.
Owning your house will reduce long-term rent burden, but ensure it does not wipe out your liquidity.
Lifestyle Check
If your expenses are ?1.25 lakh+, review big-ticket spends – rent, schooling, luxury lifestyle, debt (if any).
A sustainable thumb rule: 50% needs, 30% wants, 20% savings. Currently you are at 0% savings – this must be reversed.
Insurance Review
You already have health cover of ?1.5 crore (good).
Ensure term life insurance is taken (at least ?1–2 crore). This is critical since you are the earning member.
Roadmap for Next 12 Months
Month 1–3: Expense tracking, cut unnecessary spends by at least 15–20k/month.
Month 4: Start SIP of ?10,000 in mutual funds.
Month 5–12: Build ?3–4 lakh in emergency savings.
Year 2 onward: Increase SIPs to ?25–30k/month.
Conclusion
Your challenge is not income, but expense leakage. With discipline and forced saving methods, you can still build a corpus of ?2–3 crore by 55. Your land asset is an additional safety net, but cash-flow management is what will secure your family’s future.
???? It is strongly recommended to consult a QPFP/Financial Planner to work on detailed cash flow budgeting, expense control, and long-term goal planning tailored to your family’s needs.
Mutual Fund investments are subject to market risks. Read all scheme related documents carefully before investing.
Best regards,
Naveenn Kummar, BE, MBA, QPFP
Chief Financial Planner | AMFI Registered MFD
https://members.networkfp.com/member/naveenkumarreddy-vadula-chennai
Asked on - Sep 19, 2025 | Answered on Oct 28, 2025
आपके सुझाव के लिए बहुत बहुत धन्यवाद
Ans: यह जानकर खुशी हुई कि आपको सुझाव उपयोगी लगे।
सादर, नवीन कुमार, बीई, एमबीए, क्यूपीएफपी मुख्य वित्तीय योजनाकार | एएमएफआई पंजीकृत एमएफडी https://members.networkfp.com/member/naveenkumarreddy-vadula-chennai
सादर, नवीन कुमार, बीई, एमबीए, क्यूपीएफपी मुख्य वित्तीय योजनाकार | एएमएफआई पंजीकृत एमएफडी https://members.networkfp.com/member/naveenkumarreddy-vadula-chennai