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Kanchan

Kanchan Rai  |587 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Dec 26, 2023

Kanchan Rai has 10 years of experience in therapy, nurturing soft skills and leadership coaching. She is the founder of the Let Us Talk Foundation, which offers mindfulness workshops to help people stay emotionally and mentally healthy.
Rai has a degree in leadership development and customer centricity from Harvard Business School, Boston. She is an internationally certified coach from the International Coaching Federation, a global organisation in professional coaching.... more
bappa Question by bappa on Dec 26, 2023Hindi
Relationship

Dear, I am a 44 yr old man. I have an issue for which I need some support. We are Bengalis, I am an engineer & was married in 2004. It was an arranged marriage with all those astrological compatibility etc. My wife is 5 yrs younger than me. After my marriage I found that she was very adjusting,loving & people will say that we are an ideal match even today I will also say she is the perfect wife one can have, but one thing I noticed immediately is that she is very unlucky for me. Whenever she is around there will be no success & even things that are working will go wrong. Within 1 yr of marriage, we had a daughter. When she went for delivery I got an opportunity to go to Canada, after a few months she & my daughter joined me & my project closed & I was sent back. Knowing the issue I again sent her for higher education, when she was not around, I got an opportunity to go to the USA, again when they joined me I was sent back. I can give many examples like this, many times we talked about it and met astrologers but all will say our match is perfect. We stayed in Pune. With our daughter around we continued with our family life which I will say was happy, many people will give examples of our family & ostensibly perfect partners we were. But I will tactfully avoid her in times when it was crucial like appraisal etc, & things will work. But I always felt & feared the misfortune she brings. During Covid, this avoidance could not be done & Jan 2023 I was told to leave my job by June 2023. I tried for a lot but could not get a job with her around. In May I sent her to our native & I got a job in Bengaluru. My daughter is in Class 12 in Pune so could not shift my family. In my Pune job , I had a reportee Sumit a Marathi who became somewhat like a friend or better an office tea partner. Many times at tea he would talk about his wife's misbehavior & in the discussion I would tell him how my wife behaves, but my wife had never met with Sumit. They were a childless couple & in Dec 2022 he started living separately from his wife. I being a senior never discussed any private things like family etc with him, One day in May this year out of shear frustration I told him about the bad luck my wife brings, and he responded that" many times one may bring bad luck to one person but maybe good luck to another" Before moving to Bengaluru I called him to our house for lunch since he was staying alone & was having a problem with food etc. Something in my intuition told me that he & my wife may go well, but I never told anyone. A few days later my wife told me that Sumit had sent a Facebook friend request to her & asked me if she should accept it, I said its up to her, she accepted it. My wife has a habit of sending "good morning" messages to a lot of people & I soon found she sent one to Sumit also. I had her Facebook password so could see the messenger messages also. I soon saw Sumit responding to her & they having chats. Initially, she used to tell me about the talks she is having with Sumit but now she has stopped When I moved to Bangalore in June I used to have daily calls & sometimes hot video calls also, I go to Pune every month & we used to have physical relationship but this month when I went to Pune my wife refused getting physical with the reason of she having periods, in Nov she made a purposeful fight with me so that we dont get physical. For 2 months she doesn't do the hot video calls also but regular calls are ongoing. I am in a dilemma, I am happy with my wife but she brings too much bad luck & she has understood it. If I keep quiet now I know by Dec 24 my wife will be Sumit's wife & there traits they will be very happy. But if I even now want I strongly feel that I can stop her drifting further, but I cannot decide if I should do it. Since I think that she going away from my life will stop bringing the misfortune she brings & she & Sumit will be really good partners & will be happy. But I also feel very sad about her leaving me. Please help me with how I should decide. My daughter will complete her 12th next year & I am hopeful by June next year she will be in an engg college hostel & will not be directly affected by this change of relationship.

Ans: Dear Bappa,
I'm sorry to hear that you're going through such a challenging situation. Deciding whether to confront your wife about her growing relationship with Sumit is undoubtedly a difficult and personal choice. It's important to approach this situation with empathy and open communication. Take some time to reflect on your own emotions and the impact your wife's actions are having on you. Consider both the positive and negative aspects of your relationship, as well as your own needs and desires. Choose an appropriate time to have an open and honest conversation with your wife. Avoid accusations and blame, but express your concerns and feelings. Discuss how her relationship with Sumit makes you feel and inquire about her perspective on your marriage Reflect on what you want for your future and whether you believe your marriage can overcome the challenges. Reflect on your own feelings about your marriage. Consider whether your concerns about bad luck and misfortune are based on tangible evidence or if there might be other factors influencing your perception. Consider the impact on your daughter and how decisions might affect her as well. While she may be heading to college soon, a separation or divorce can still affect her emotionally. Consider her well-being in any decisions you make.
Sometimes, people need time for personal growth and self-discovery. This doesn't necessarily mean the end of a marriage but could lead to a stronger relationship in the future. Both partners might need to work on themselves to contribute positively to the relationship It's crucial to make decisions based on your own values, priorities, and the specific dynamics of your relationship. If needed, don't hesitate to seek support from friends, family, or professionals who can provide guidance and assistance during this challenging time.
Asked on - Feb 14, 2024 | Answered on Feb 14, 2024
Dear Thanks for your quick response to my earlier query, during the last 2 months I have tried to follow your advice & have also started support from our office counsellor, I am writing to you again as some aspects I felt ashamed to discuss with the office counsellor & some to have a 2nd opinion. I had deeply thought about my expectations from my marriage & wife. In the last 6 months as I am staying separate in Bangalore, I have found much better & am much more communicative with my wife, discussing & sharing emotionally. When we stay together the continuous expectation would put both of us in a panic & irritation ultimately resulting in fights & also finally not sharing & the bad luck of seeing her face will add oil to the fire, with many of my outbursts not being very parliamentary. So I see our relationship is better if it is long-distance. I discussed this with my wife & she also agrees somewhat, but the basis of husband-wife relationship is to stay together, where we fail. Since we stayed together for 17 yrs we know each other’s problems & historical facts which no one else knows, so frankly I need a long-distance person with whom I can share emotionally, but for my wife she requires someone who is also close to her physically. One idea that I got is to let things be as it is i.e. let her stay in Pune while I stay in Bangalore & she be in a relationship with Sumit & maybe stay with him without legally separating, maybe when my daughter is having holidays, we can have short trips. This will keep the social well-being intact as people will not know as we don’t have any close relatives in Pune. But I am worried about the long-term impact will our marriage last especially what plans should I make in old age. Want your opinion & what precautions do I need to take. In the last 2 mnths, I have been to Pune 3 times for the reason of my daughters JEE for which I help her. I talked with my wife about Sumit in early Jan & she said they are good friends & they share a lot of intimate talks; she was not ready to tell me anything more than that. On asking about physical relationships she was elusive . But she said she doesn’t want to legally separate from me. I also discussed if she wants, we can have a long-distance relationship supporting each other (without naming Sumit) she did not respond. Though Sumit talks to me once in 7-10 days we never talked about his relationship with my wife, we talk about status of his divorce, old office stuffs etc. 2 weeks ago my wife told me that Sumit's parents, divorced sister who had come for a visit to Pune will be coming to our house to meet her. Later she posted some photos in her WhatsApp status for everyone it will look as if some friend had to come to visit her (everyone will think some lady friend). In mid-January in one of my old office colleagues (who is a friend with Sumit) Facebook I saw that in his son's birthday my wife is there (he doesn’t know or have seen my wife), I tactically asked him who that lady was, he said it is Sumit’s friend. Can you please help me if she is going in the same way I am thinking about the future of our relationship. The last point is something which I could not ask anyone. During my last 3 visits to Pune I had sex with my wife. I will like to tell that my wife is always (since our marriage) very passive in sex she has to be told what to do 1 by 1, (though for me it gave me some amount of pleasure command) which she will do properly & maybe sometimes do 1-2 things on her own or ask me to do. She was same this time also. I never had sex relationship with anyone else so this acts maybe in a distance timeframe gives me a lot of pleasure. I am worried what will be this relationship be if she starts staying with Sumit, what is your advice? My counsellor advised me to sit & talk with Sumit & my wife together but really, I am not seeing any reason to do it, do I need to do this joint meeting & if so, what do I need to discuss
Ans: Dear Bappa,

It sounds like you've put a lot of thought into your relationship and your future with your wife. It's positive that you're able to communicate more effectively when you're physically apart. However, the idea of allowing your wife to be in a relationship with Sumit while you stay in Bangalore raises several complex issues, especially concerning the long-term viability of your marriage and your plans for old age.

Firstly, it's important to consider the emotional implications of such an arrangement. While it may alleviate some of the pressures and conflicts in your current relationship, it could also lead to feelings of loneliness, jealousy, or insecurity for both you and your wife. Additionally, maintaining this arrangement without legal separation could create legal and financial complications in the future, especially when it comes to issues like inheritance, healthcare, and support in old age.

Regarding your concern about your wife's relationship with Sumit, it's challenging to determine the nature of their relationship based on the information you've provided. It's possible that they are just good friends, as your wife has stated, but it's also understandable that you might have doubts given the circumstances. Ultimately, trust and open communication are key in any relationship, so it might be helpful to have a candid conversation with your wife about your concerns and expectations.

As for the idea of a joint meeting with your wife and Sumit, while it may provide some clarity, it's important to carefully consider the potential outcomes and whether it will truly address your concerns. It might be beneficial to seek the advice of a counselor or therapist who can help you navigate these complex emotions and decisions.

In summary, it's crucial to prioritize open and honest communication with your wife, as well as seek professional guidance to ensure that any decisions you make are in the best interest of both parties involved.
Asked on - Apr 23, 2024 | Answered on Jun 06, 2024
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Dear. Thanks for response. I have been working with our office counsellor for some time but need a second opinion. To update I had a joint talk with Sumit & my wife in mid-March in which they repeated the same point of being good friends & do not intend to marry & Sumit made it clear he doesn't want to remarry after his divorce. For my wife, she said if I want divorce she is open but she will not initiate. The negative outcome of this for me has been that now she openly goes around with Sumit, which before they were doing somewhat secretly, my daughter has also got the idea. Though my wife only puts very general photos in her FB, WhatsApp status like going to music shows, dressing up but Sumit puts her photos in his FB account, they barely have common friends except Sumit’s family. Even my mom-in -law is not aware of this. Sumit also buys her dresses etc which she wears to this places. Just to mention after the discussion she has started using money which tenants put in her account for many rented properties belonging to her late father in her native,( her brother who stays in USA is not interested in the property & has renounced to her ), though she has CC, google pay etc linked to accounts which I maintain for the last 17 yrs for her. Now this has put me in a difficult situation. I need to decide. I am not a sort of guy who at this stage, age will/can start a new relationship, and neither do I want. On one hand not seeking a divorce will keep the future reconciliation open. I still talk to my wife & take her advice, instruct her as I used to do before. She also discusses with me things like her family, common friends, daughter etc but she doesn't share everything that she used to before & our telephone calls are getting shorter because she just responds to whatever I ask her nothing more about herself. As I told you I have her FB messenger password when I see her conversation with Sumit other then the phone calls she makes I see lots of things she shares about herself & Sumit also replies including talks she has with me & about questions I have asked & replies she has given, they also discuss about it. My office counsellor adviced me to keep status co. what is your take? The second part is something which I am finding very difficult to explain as I had mentioned before for the last 5yrs I wanted not to stay with her due to reasons which I wrote to you in the dec but now feel very sad that she is leaving or have distanced from me. It’s a very odd feeling in the same breath I don’t want her in my life but on the other hand is sad that she is moving towards someone else. My counsellor is only asking me to be mentally strong but it is not helping do you have any other advice
Ans: already replied

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Ravi

Ravi Mittal  |590 Answers  |Ask -

Dating, Relationships Expert - Answered on Apr 18, 2023

Asked by Anonymous - Apr 16, 2023Hindi
Relationship
I am having an issue that is very difficult for me to live with but living with. It is the bad luck my wife brings when she is around. We are married for 16 years & have a 15 yrs. old daughter, we are Bengalis. My marriage was an arranged marriage But once the marriage was done I found that whatever tasks I tried to do with my wife around is bound to fail Similarly, for my wife it is the same whatever she tries with me it is a failure Examples In the early years I got an opportunity to go to the USA for a long-term assignment, when my wife was in her native for childbirth I went alone & after a few months she joined me, just within 2 months of her joining my project was abruptly closed & I was sent back. This was a wakeup call & just to see how things work I send her to our native to complete her studies & in 2 years it was smooth, but again when she returned within 6 months my Kolkata project got closed & was forced transferred to Pune, I came here alone & within a few months got another job when I brought her to Pune things started going wrong, I got smart & when things will get wrong I will send her to native for some alibi & things will look up, then get her back again things will start getting wrong & again repeat... it was a challenge as my daughter’s schooling was being effected I can give 100s of example how I purposely made sure she is not around when I had to do something critical. I see a similar situation on her side if I am not around things work out but if I am around simply luck will make sure to fail. Now things have gone to the extent that I make plans that she is not there even if I go out for minor tasks like going to an ATM .. if she goes with me the ATMs will be out of order & I have to return without the cash I am a rationalist & never believe in luck or that someone can bring bad luck .. but such has been the repetition of bad lucks & failures when my wife is around that I have succumbed. About 5 years back we started talking to astrologers, palmists & all sorts of people whom I used to ridicule & they tried all their rings, tabiz, etc but nothing worked. My wife takes care more than a modern-day housewife, cooking managing the household, shopping taking the kids to school, hobbies, & she tries to put her best sincerity into it there is no complaint. In fact, she is taken as an idol among many of our relatives & friends for her behavior & ways she maintains relations with others, this has gone to such an extent that many in our family & friends are jealous of her I don’t think it will be possible to continue like this forever but she is a housewife, doing her best We belong to the middle class I simply don’t want her to dump her with people saying all sorts of things as I feel for her BUT cannot stay with her as now she just around makes me feel nervous. I have tried several times to think positively but could never convince myself We have never talked about this in-depth as I know she is helpless & there is nothing for her to change & will only be hurting her. But many times she told me when things go wrong that she is bringing me bad luck & trouble not once but always, I have simply ignored or reasoned with her the logical thing " as the project got closed due to a change in company strategy" etc, but things turning negative when she is around & turning positive when she is not there EVERYTIME for 15 years is really something I can’t convince myself. She is only unlucky for me but for others like her father, relatives & friends she is very lucky, even 2 days ago one of our neighbors called her as someone was coming to see their daughter for marriage, she went & it worked for them, they call her because she has an ideal homely look which such critical guests think “ah they have good company” & also as the neighbors’ aged mother told” since you came our work got done since you are lucky “ Now why I am writing to you is something maybe you have never heard of. One of my office colleagues ( I will tell you he is between a colleague & a friend with whom I spend a considerable amount of time usually discussing office stuff but he is more open to me on his personal issues, I am a little conservative on this front & have never talked or will like to talk about the issues with my wife) who is childless almost my wife's age. He also was in a marriage for about 10 years but his wife has been very violent, he tried his level best met a number of psychologists, etc but things have not worked. 2 months ago he decided to divorce his wife & is now working on the legal formalities. Many a time while talking I will tell him the way my wife behaves & he will really rue if his wife was like this. From my wife's side, I know her choice & this colleague will be his dream prince.( very handsome, smart, very good talker). On asking about plans after the divorce my colleague has told me that he is looking to remarry preferring divorcee/widow as he doesn’t want to have kids at this age. His ideal wife choice matches my wife. He will be looking for after his divorce gets to some stage. I clearly know that both will be a really good match & will be eternal pairs. I am sure she will not be unlucky for him. I had invited my colleague to my home for tea (with me) so that they can meet which they did, I tactically left them alone for some time but I don’t want to talk to my wife about thinking of this colleague as this will be very offensive & if she refuses our relationship may be damaged forever. Also in no way can propose my married wife to my colleague. I don’t want to talk to anyone but create a circumstance or at the most an indirect hint that they can think of to evaluate if they want to be together. Can you please help As a closing note, I will like to mention, in Dec last year I was told that I will be layedoff from my position by June 30, I immediately started searching for other jobs but nothing worked for 3 months, after completion of my daughter annual exams I send them to my native & now I have got a job in Bangalore, I will leave my family in Pune reasoning my daughter should complete her 12th from the school here but the real reason is above. I don’t have any girl in my life but if she moves out then maybe I can think. Also, my wife is among my 3 people for whom I can do anything so that they will be happy other 2 are my mother & daughter. But I am practically abusing/punishing/torturing her just because I can survive. This colleague looks like a once-in-a-lifetime opportunity for everyone to be happy. The only mental block which I need to remove is my colleagues who being a gentleman will never think about my wife & my wife’s that she is in a marriage will never think. If things don’t work out between them then I am Ok with things to go as its going but that’s just spending years. I will take care of her but maybe never stay with her with some alibi & certainly will not be thinking about another girl still she is dependent on me
Ans: Dear Anonymous,

Standing in today's day and age, how can you still believe a person can be the sole reason for someone's good luck or bad? It's just a mere coincidence, whatever has happened.

Anyways, what to want to believe is up to you; coming to the part where you need assistance: you want to leave your wife and set her up with your colleague? I hope I got that right, given how messed up it is. Getting a divorce is your choice; if you aren't happy, or in your case, if you are feeling "unlucky" you might want to end a relationship but how your wife wants to live her life after the divorce is absolutely her choice. How can you, for even a second, think of setting her up with your colleague? You might think you are being generous and trying to take care of her, but it's just you soothing your own guilt.

Leave her if that's what you want; she'll be lucky for it. But don't try to guide her life in whatever direction you want it to go.

Good Luck!

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Anu

Anu Krishna  |1604 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Nov 22, 2024

Asked by Anonymous - Nov 16, 2024Hindi
Listen
Relationship
Hi , I am a professor mech engineer , after death of my wife and due to having 5 year girl baby I planned for 2 nd marriage as I live alone away from home town because my of job with my little baby . I accepted a widow having 2 child ,she was working in a govt job 250 km away , after ensuring and agreeing her possibility of transfer and job vacancy @govt office near my house and ensuring she agreed that she will come to live with me along with her 2 kids and my little baby as her trasfer was due in comming few months . We lived apart during her job at 250 km away.,while meeting on weekly offs 6 /7 time in 6 months , then she take 360 degree u turn and said she will not get job transfer to my place and get her trasfer in other dept. in same previous office. And started telling many reasons like she will loose her children's inheritance in her in-laws property ,she will loose promotion , kids Don't want trasfer , and said we will live apart forever . This was contradictory to earlier agreed things .and my my purpose to live in family with my baby not fulfilled , so after long ruckus ,I mutually got divorce from her , Then After divorce I decided to marry non working women having no child and don't expect child as I am @48 year old and tired of living alone and managing job ,girl , house chores . I married to a divorcee girl from Pune ,she was BA first year college drop out girl of 44 yr age after 6 months of long dating on week ends . During 6 months I tried to know her indepth but was don't used to talk much as I was trying to know her true nature, we visited many places ,movies . She seemed perfect as per my requirement of girl wanting no child , and she is house wife . after marriage she behave well for 1 st week ,then she started trouble to hate my baby ( became kaikai )on pety things , she want my baby to house chores at the cost of her important year of 10th std study . She don't liked me taking tution of girl , she didn't like if I help my girl any way . She don't like if I spent some money on my girl . She used to fight all night and don't let me sleep . Now she stated demanding that she want baby , though I was against and b4 marriage agreed to not have any more child due to old age ,cost ,and no personal time for self , then I agreed to have child but b4 that I got her and my fertility tested ,she had weak eggs and syst on her reproductive organs and doc warned to not go for pregnancy due to risk and probability of unhealthy baby birth , but she kept repeating That she want child we consulted 4 Drs. She used to fight and go to her mother's home for 2/4 months after living with me for 2/3 days only . Now she wants divorce , and asks me to keep my girl in hostel if I want her in my life . This Ramayan has left me baffled , What should I do ??? .....
Ans: Dear Anonymous,
The reason to marry for you mainly has been companionship, a mother for your daughter...
And marriage is not a transaction BUT a meeting of minds...when there is no compatibility, there is no space for agreeing on the same things or wanting to make things work which is possibly what has happened with your 2nd and 3rd marriage.
If you want this marriage to work, there has to be an equal commitment by both of you, so, start by emotionally bonding first. Slowly build on this by making goals for the marriage and the future...your only goal can't be mother for your child...not all women are going to readily accept this and some may even falter along the way. Allow the lady and your daughter to bond together for sometime so they develop a unique relationship...
Understand that transactional relationships do not last; so, invest enough time in building trust in that companionship for it to become something meaningful

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

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Anu

Anu Krishna  |1604 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on May 19, 2025

Asked by Anonymous - May 12, 2025
Relationship
I am a 41 yr old man. Married for the last 17 yrs, my wife is now 37 yrs old. w are Bengalis but now due t my work stay in Bengaluru. we had an arranged marriage but soon after the marriage I found her to be very irresponsible, she had the mentality that her husband has to be responsible for all her whims & fancies without any expectation from her. Though her family was more like ours middle class & financially poorer then us Initially I thought that she will mature with time. Within 1 yr we had our 1st kid who is 16 yrs old & in 11th now. Thinking she will now be responsible as mother but found very little change & I had to force/push her to do maternal duties while I managed the other things despite myself working as an engineer in an mnc & she being a housewife. next year we had our 2nd kid. This pressure was reflected in my office & my performance suffered, anyway I managed to stay afloat. Giving her any family task always resulted in her doing a coverup job & when things went wrong I had to set it right as the family or there will be monetary loss. Obviously I used to tell her about all this, then she will be OK for 1-2 weeks then again back to same. Even taking care of the children there studies soon became my responsibility. One thing was good was our sexual life which what I understand she is good & this gave me somewhat something to bear her Though other factor like middle class mentality that parents should not move out for the kids sake kept me somewhat tied to her & tried to make myself happy.Last year around June she told me that she will like to leave me as she wants to marry one of her telegu friend's brother who works in Dubai now, given my above reason I was not very upset on hearing this but was worried about our kids the eldest then gave his 10th exam & younger was promoted to class 10. After some talks & persuasion she agreed that she will wait for 3 yrs ie the younger kid to complete her schooling & going to college, & also keep the whole things secret with only 4-5 people knowing it, this she has responsibly done. Now its 1 year & I am in a very bad situation & need your support first she is now completely without any responsibility of the kids or family, she just cooks the meals sees that the maids work & even if I tell her to look into what the kids are studying or take the small responsibility like waking them up or minor things like go to the shop etc , she simply declines & always she is busy browsing or chatting, in Feb her to be husband came to Bangalore & she spend 2 nights with him in a resort. I did not want the kids to know about all this as it will mentally disturb them so I had to make stories to them about there mom going to a friend's marriage etc. He is again coming in mid July & they are planning to go out again.. My delima is I can bear the whole thing with a glimmer of hope that our separation maybe avoided which makes a somewhat social negativeness for me my parents & my kids but am I doing the right thing or being desperate is what I should be? The second point is something which I am feeling very uneasy to write, though we have decided to separate & she is having sex with this guy but we are still have sex, I dont want to really worry that she having sex with me is cheating with her to be husband but as I told you before it is really relaxing & gives me the strength to bear all this... Please suggest what I should do, immediately leave her which will end the story though I am not really ready if I & the kids will be able to take the social slur or wait for another 2 years with the hope that maybe things will change
Ans: Dear Anonymous,
What are you hanging around for? She's clearly move on...
You are perhaps citing the excuse of children and hoping that something would turn around. In fact, a dysfunctional environment affects children more than the truth.
So, take a decision that you feel will keep your children protected emotionally and physically. And most importantly, what makes you want to continue punishing yourself like this?

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |8493 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 22, 2025

Asked by Anonymous - May 18, 2025
Money
I about to take 65lakhs home loan for ROI 8.5%. The EMI is coming 56.6K per month. Along with this, I am investing 20k in mutual fund. What are the consequences burden less steps to mitigate the financial crisis. Suggest me wise steps to prevent any unexpected problems on financing.
Ans: You are showing good financial planning by thinking before taking a big home loan. Taking Rs. 65 lakh loan at 8.5% interest is a major step. You also invest Rs. 20,000 in mutual funds monthly. That is a positive sign. Let's now explore the risks and solutions from a 360-degree view.

We will go point-by-point to make things easier.

Understand Your Financial Commitments Clearly

EMI of Rs. 56,600 is a fixed long-term obligation.

Mutual fund SIP of Rs. 20,000 is your wealth-building investment.

Together, Rs. 76,600 is going out monthly from your income.

That’s a big amount. You must assess if your income can handle it.

Also check if your job or business income is stable every month.

Build a Strong Emergency Fund First

Emergency fund is your first safety layer.

Keep at least 6–9 months’ of EMI + SIP in one savings instrument.

That means at least Rs. 5.5 lakhs in liquid savings or short deposits.

This will protect you from salary delays or job loss.

Do not invest emergency fund in equity or long-term products.

Don’t Increase EMI Just Because Bank Allows

Banks approve loans based on maximum eligibility.

That doesn’t mean you should take the highest EMI possible.

You must take EMI within 35–40% of your take-home income.

If EMI goes above 50% of income, you may feel pressure later.

Keep room for lifestyle, children’s needs, and medical needs.

Continue SIP Only If Basic Needs Are Covered

Your Rs. 20,000 SIP should not affect your daily cash flow.

If monthly budget is getting tight, reduce SIP for few months.

You can restart or increase SIP later when income improves.

Stopping SIP completely is not wise unless it’s a financial crisis.

Keep a Buffer Fund for Home Maintenance

Home ownership is not just EMI.

Repairs, painting, society charges, taxes are extra costs.

Keep a separate fund of Rs. 1–2 lakhs for home-related expenses.

Don’t use this fund for vacation or festivals.

Have Life and Health Insurance in Place

Before EMI starts, take term insurance to cover home loan.

Insurance should be 15–20 times of your annual income.

If you pass away, family should not suffer under EMI burden.

Also take health insurance for all family members.

Hospital expenses can disturb loan repayment if uninsured.

Don’t Rely on Property for Future Return

Never see real estate as investment to grow money.

Home should be bought only if you plan to stay in it.

Future property prices are uncertain.

EMI should be based on living need, not resale hope.

Review Loan Terms Carefully

Fixed rate or floating rate can impact your EMI later.

Floating rate changes with RBI decisions.

Check if your EMI will rise if rate goes from 8.5% to 10%.

Plan for higher EMI possibility from beginning.

Don’t Depend Only on Salary for EMI

Try to have secondary income.

This can be spouse’s income, rent, or part-time work.

This reduces pressure on main income.

Helps in EMI and SIP continuation even if income drops.

Track Your CIBIL Score Regularly

Loan repayment will impact your CIBIL score.

Keep EMI auto-debit active from account.

Never delay even a single EMI.

Keep credit card bills paid before due date.

Good credit score helps in future loan top-ups or balance transfer.

Avoid Taking New Loans While Paying Home Loan

Don’t take car loan, consumer loan, or credit card EMI now.

These loans reduce your repayment ability.

Also increase your total EMI percentage against income.

Stay debt-free except for home loan.

Revisit Mutual Fund Strategy with Expert

SIP is good. But review fund types with certified financial planner.

Avoid index funds or direct funds if investing without guidance.

Direct funds give no support or rebalancing help.

Regular funds with MFD and CFP give advice and timely review.

Actively managed funds offer flexibility in market ups and downs.

Plan for Prepayment, But Don’t Rush

Once you have emergency fund and insurance, think of loan prepayment.

Don’t prepay using all your savings.

Prepay only from bonus, surplus, or extra income.

Avoid selling mutual funds for loan prepayment.

Let mutual funds compound wealth in long term.

Check Tax Benefits, But Don’t Depend on Them

Home loan gives tax benefit on interest and principal.

But don’t take loan only for tax saving.

Tax laws can change anytime.

Focus on affordability, not deduction.

Maintain Budget Sheet Every Month

Keep monthly record of income and expenses.

Track EMI, SIP, groceries, utilities, kids’ school fees.

Watch out for overspending on lifestyle.

Adjust SIP or expenses if needed, but never EMI.

Avoid Financial Panic

Don’t panic if one month goes tight.

Use emergency fund calmly.

Don’t use credit card to pay EMI.

Don’t break long-term investments for short-term problems.

Educate Family Members Too

Make your spouse or family aware of EMI and financial plan.

Keep joint account for EMI and joint emergency savings.

Share insurance details and bank login in written file at home.

Build Financial Discipline

Don’t skip EMI or SIP due to temporary emotional decisions.

Don’t increase lifestyle expenses after home purchase.

Stick to budget even if salary increases.

Stay focused on debt freedom and wealth growth.

What to Do If Crisis Still Comes?

Contact bank immediately if EMI is difficult to pay.

Don’t hide or delay communication.

Ask for moratorium or restructuring if needed.

You may pause SIP but never miss EMI.

Revisit budget and cut unnecessary costs.

Prepare for Future With Step-Up SIP

Once you are stable with EMI, increase SIP slowly.

Increase by 5%–10% every year.

This helps in wealth creation for future goals.

Use mutual funds for retirement, child education, and long-term goals.

Finally

You are making a big decision. But you are asking right questions.

Loan of Rs. 65 lakh is not small. But manageable with discipline.

Keep EMI under 40% of income. Keep SIP going if income allows.

Build buffer funds, insurance, and stay calm under pressure.

Always seek expert advice, not emotional suggestions.

Review financial plan yearly to stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |8493 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 22, 2025

Asked by Anonymous - May 18, 2025
Money
Dear Sir/Ma'am, I'm a single mother,31 years old. Previously didn't take any loans or credit cards. I have no EMIs. I have zero knowledge about loans, interest rates and cibil score. But I am a co applicant for my sister's educational loan. Every month her EMI is deducting from my salary account. I'm a state government employee. Now i want to take home loan. Am i eligible for the loan or not? Somebody said I'm ineligible because of being co applicant . Is that true? Can any one help me? Please guide me in this. TIA!
Ans: You are strong and responsible as a single mother. Being a state government employee also gives you a stable income profile. You are taking care of your sister's education too. That is truly inspiring. Let me guide you step-by-step.

We will look at this from a 360-degree angle.

Your Current Financial Status

You are 31 years old.

You are a single mother with one income.

You are a state government employee with fixed monthly income.

You have never used credit cards or personal loans before.

You have no EMIs under your own name.

You are a co-applicant for your sister’s education loan.

Her EMI is getting deducted from your salary account.

You now want to apply for a home loan.

Understanding Co-Applicant Role in Loan

A co-applicant shares full responsibility of the loan.

Even if loan is for your sister, your name is on it.

If EMI gets delayed, it affects your CIBIL score.

EMI from your salary shows loan obligation on your name.

Banks see co-applicant loan as your financial liability.

It reduces your loan eligibility for new loans.

Will This Affect Your Home Loan Eligibility?

Yes, but not fully.

Being co-applicant does reduce home loan eligibility.

It doesn’t mean you are fully ineligible.

Banks still give home loans if you meet other conditions.

You need good salary, job stability, and repayment capacity.

Co-applicant EMI affects only the eligible loan amount.

It doesn’t completely stop you from getting a home loan.

Understand CIBIL Score

CIBIL score shows your past loan behaviour.

It ranges from 300 to 900.

A score above 750 is good.

If EMI is paid on time, your score stays strong.

If EMI gets delayed, your score drops.

Since EMI is from your account, your score will be affected.

You can check your CIBIL score online once for free.

What Should You Do Next?

First check your CIBIL score online.

Make sure EMI of your sister's loan is on time every month.

If not, talk to your sister and shift EMI from her account.

Talk to your bank and see if co-applicant can be removed.

This can be done if your sister gets a job and takes over.

Till then, EMI should not be missed even once.

Home Loan Application Readiness

Keep your salary slips for last 6 months.

Keep your Form 16 or income tax returns for last 2 years.

Show all bank statements of last 6–12 months.

Maintain a clean account without missed EMI or charges.

Keep a letter from your department showing your employment is permanent.

This increases your trust with banks.

How to Improve Loan Eligibility

Try to reduce other liabilities from your side.

If possible, shift EMI of sister’s loan to her account.

Avoid taking new loans or credit cards now.

Keep your savings steady in bank account.

Build an emergency fund of 6 months’ expenses.

Keep your CIBIL score above 750 through good discipline.

What Home Loan Size Can You Expect?

This depends on income, EMI burden, and credit history.

Since one EMI is already on you, your eligibility is lower.

Some banks may offer 60%–70% of your usual eligibility.

You can still get Rs. 20–25 lakh loan, or more if salary is high.

Try to apply jointly with another earning family member if possible.

Should You Take Loan Now or Wait?

If sister’s EMI is near completion, wait for a few months.

Your score and loan eligibility will improve after closing that loan.

If house need is urgent, you may proceed with reduced loan amount.

Be ready to contribute more from your savings.

Other Things to Keep in Mind

Always take home loan with fixed EMI and term.

Don’t go for variable interest if your income is fixed.

Ask bank to give EMI within 40% of your take-home salary.

Never cross 50% of your salary in total EMIs.

Always buy house for living, not as investment.

Don’t plan to sell it later for profit.

Avoid taking too big loan for a very big house.

Avoid These Mistakes

Don’t apply with too many banks at once.

Each enquiry affects your credit score.

Don’t sign as co-applicant again unless you are fully responsible.

Don’t give blank cheques or sign papers without knowing full terms.

Don’t ignore your CIBIL score ever again.

Should You Take Credit Card?

You may take one credit card now.

Use it for small monthly expenses only.

Always pay full amount before due date.

This will slowly build a better credit profile.

Don’t use credit card for shopping or cash advance.

What If You Are Rejected for Home Loan?

Ask reason in writing from bank.

Apply only after fixing the problem.

Wait 3–6 months and apply again after improving credit score.

Do not panic or feel discouraged.

Good financial behaviour gives second chance easily.

Speak to Bank Official Before Applying

Visit your bank branch and talk openly.

Share about co-applicant status and EMI from your account.

Ask them to pre-check your eligibility before formal application.

They can give better clarity on your chances.

Benefits of Being Government Employee

Job security is a big plus for loan approval.

Banks feel safe to lend to you.

You get lower interest rates than private job holders.

Your loan processing is often quicker too.

Best Approach for You Now

Start with CIBIL check and gather documents.

Keep EMI of sister’s loan regular.

Try to move EMI to her account if possible.

Apply for loan amount based on your current salary.

Don’t aim for too big house if loan eligibility is lower.

Stay patient, plan ahead, and act with confidence.

Finally

You are already doing great by managing home and family.

Your financial discipline will take you ahead.

You can get home loan with planning and right steps.

Co-applicant status affects but does not stop loan approval.

Stay informed, stay cautious and stay positive.

Your journey to homeownership is possible with right guidance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |8493 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 22, 2025

Asked by Anonymous - May 18, 2025
Money
I am 39 years old with monthly in-hand salary of 1.55 lacs. I have 20 lacs in PPF 17 lacs in 4 mutual funds investing 33 thousand per month. 12 lacs in EPF. 6 lacs in ssy on name of my daughter she is 8 years now. 3 lacs in NPS. My wife is govt teacher earning 90 thousand per month. she has 20 lacs in in NPS, 20 in PPF. We have purchased a builder floor in Delhi in ~2021 for 45 lacs. in 2024 we purchased an office space in Delhi for 86 lacs in year 2024. I am getting 13 thousand as rent from builder floor and 30000 as rent from office space. I want to sell builder floor and purchase a home to move in it cost me around 1.4 CR for this i might have to take a gome loan of 80 lacs i am worried to rake this bug loan. looking at my financial bg what is your opinion and do you suggest me to take this home loan.
Ans: You have done well in building strong financial pillars. This kind of diversified base offers solid long-term stability.

Now let us evaluate your current situation and future decision about the home purchase and possible home loan from a complete 360-degree angle.

Current Financial Snapshot

You earn Rs. 1.55 lakhs every month in-hand.

Your wife earns Rs. 90,000 every month as a government teacher.

You have Rs. 17 lakhs in mutual funds with Rs. 33,000 SIP monthly.

Rs. 20 lakhs in PPF under your name.

Rs. 12 lakhs in EPF corpus.

Rs. 6 lakhs in Sukanya Samriddhi for your 8-year-old daughter.

Rs. 3 lakhs in NPS.

Wife has Rs. 20 lakhs in NPS and Rs. 20 lakhs in PPF.

You earn Rs. 13,000 rent from builder floor.

Rs. 30,000 rent from office space.

Office space was bought for Rs. 86 lakhs in 2024.

Builder floor was bought for Rs. 45 lakhs in 2021.

You are now planning to sell this builder floor.

Planning to buy a house for Rs. 1.4 crore to live in.

You might need Rs. 80 lakh loan for this new house.

Real Estate Exposure Assessment

You already own an office space.

You also own a builder floor.

Real estate already forms a significant part of your portfolio.

Rental yield from both properties is quite low.

Current builder floor gives just Rs. 13,000 rent per month.

Office gives Rs. 30,000, which is acceptable but still below 5% yield.

Please note, capital appreciation in real estate is not assured.

Unlike mutual funds, real estate lacks liquidity and diversification.

Any property resale also involves high transaction cost and time.

Avoid viewing real estate as an investment option going forward.

Loan Burden Analysis

You are considering an Rs. 80 lakh home loan.

Your net family income is Rs. 2.45 lakhs per month.

Current rental income is Rs. 43,000 in total.

A loan of Rs. 80 lakh over 20 years could mean EMI around Rs. 70,000–75,000 monthly.

This will take 30% of your monthly income directly.

That will reduce cash availability for investment, education and emergencies.

EMI pressure can limit future financial flexibility and stress your budget.

You already have good passive income sources and strong savings.

Investment Portfolio Review

Your mutual fund investments of Rs. 17 lakhs are well managed.

Monthly SIP of Rs. 33,000 is a good sign of discipline.

Avoid investing directly in mutual funds without guidance.

Regular funds through MFD with Certified Financial Planner offer better value.

Direct funds can create confusion and poor exit strategy.

A well-guided regular plan keeps emotions and wrong timing out.

Continue mutual fund SIP and increase annually if possible.

Your PPF, EPF and SSY are secure and tax-efficient debt components.

NPS offers long-term benefit, but only for retirement planning.

Avoid depending on NPS for medium term goals.

Family Goal Planning

Your daughter is 8 years old.

You will need funds for her higher education in next 8–10 years.

House EMI for Rs. 80 lakh will reduce your ability to save for her.

Buying a bigger house now may delay wealth creation for future goals.

Stay focused on education, retirement and medical security first.

Options to Reduce Loan Size

Consider using part of your investments to reduce loan size.

Selling builder floor can give you approx. Rs. 45–55 lakhs.

Use that as down payment to reduce loan to Rs. 60–65 lakhs.

Liquidate only what is not long-term goal linked.

Do not touch PPF, EPF or SSY for home down payment.

If required, pause SIP for 12–18 months, but resume early.

Also consider partially using NPS if allowed after 60 years of age.

Emergency Fund and Contingency Review

Do you have 6–9 months of expenses saved as emergency fund?

With EMI of Rs. 70,000, you must have Rs. 3–5 lakhs as cash or liquid funds.

Keep this amount safe for job loss, health emergencies or family needs.

Emergency fund is the most ignored but crucial safety net.

Cash Flow Insight

Monthly in-hand income is Rs. 2.45 lakhs from both of you.

Rent adds another Rs. 43,000.

This makes Rs. 2.88 lakhs income per month.

Monthly SIP is Rs. 33,000.

Proposed EMI will be around Rs. 70,000.

This leaves enough for lifestyle and other expenses.

Still, it is always better to avoid unnecessary big EMI burden.

Suggestions Before Buying Home

Wait for 6–9 months if possible.

Save more for bigger down payment.

Try to bring loan down to Rs. 60 lakhs or less.

Avoid touching investments made for retirement or daughter.

If selling builder floor gives Rs. 50+ lakhs, go ahead with plan.

Compare ready-to-move house vs. under-construction options.

Do not rush just because property prices are rising.

Mental Peace vs. Financial Logic

Owning a house gives mental satisfaction and stability.

But, it should not disturb other goals.

You are already doing very well financially.

Adding Rs. 80 lakh loan may disturb this healthy balance.

Take a house loan only if it fits into your life, not to match society.

You should feel free, not stuck, because of EMI pressure.

Risk Checkpoints

Are you adequately insured for life and health?

Do you have term insurance covering 15–20 times of your salary?

Are you and your family covered under good health insurance?

These are non-negotiable before taking any big home loan.

Tax Angle Awareness

Home loan interest gives tax benefit under section 24.

Principal repaid is allowed under section 80C.

But benefits should not be the only reason to take loan.

Focus on net wealth creation after EMI and opportunity cost.

Final Insights

You are financially disciplined and have built solid base.

Buying a home is a personal decision.

But taking Rs. 80 lakh loan now is not ideal.

Try to reduce loan by higher down payment.

Prioritise daughter’s education, retirement and financial freedom.

Continue mutual funds SIP and avoid real estate-based investing.

Talk to a Certified Financial Planner for customised step-by-step execution plan.

Focus on long-term compounding with stability and peace of mind.

You are on the right track. Just be careful not to over-leverage.

Smart financial choices today will give more peace tomorrow.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |8493 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 22, 2025

Asked by Anonymous - May 18, 2025
Money
Hello I am 36 years old, married blessed with 2 daughters. My wife is also earning, she is taking care of kids education currently. I have an ongoing home loan with current outstanding loan of 70L. My current EMI is close to 63K per month. Remaining Tenure 205 months. My take home in-hand salary is around 1.7L per annum. So apart from EMI, house expenses+ giving money to the family comes to around 50K per month. I have started investing around 45k per month as SIP. My current investments into SIP is around 15L. My aim is to be debt free . Is it good idea to reduce the loan with this SIP investment?
Ans: You are 36 years old, married, and father of two daughters. Your wife is working and currently managing the children’s education. You are repaying a home loan with Rs. 70 lakh outstanding. The EMI is Rs. 63,000 per month, and the tenure left is 205 months. Your monthly in-hand salary is Rs. 1.7 lakh. After EMI and family expenses of Rs. 50,000, you are still investing Rs. 45,000 per month as SIP. Your total SIP corpus is Rs. 15 lakh.

You want to become debt-free. You are wondering if it is a good idea to use your SIP corpus to reduce the loan.

Let us evaluate your situation from all angles.



Income and Expenses Review
You have Rs. 1.7 lakh monthly salary. That is a decent and stable income.



Rs. 63,000 goes as EMI. Rs. 50,000 for household and family support.



This leaves you with Rs. 57,000 per month.



Out of this, you are investing Rs. 45,000 SIP per month.



That means you are managing well and maintaining savings discipline.



Excellent financial behaviour. Most families cannot save this much.



SIP Investment Progress
You already built Rs. 15 lakh through SIPs. That’s a great start.



You are in the habit of regular saving. This is your biggest strength.



SIPs are long-term wealth creators. The key is consistency.



If you stay invested, this corpus will grow significantly over time.



But you are now considering redeeming it to reduce home loan.



Let us understand both sides clearly.



Home Loan Status
Rs. 70 lakh loan outstanding. 205 months remaining. EMI is Rs. 63,000.



This is a long-term liability. But it is a structured one.



You are not struggling with EMI. That is important to note.



Home loans come with tax benefits. Interest and principal both give deductions.



It helps reduce your taxable income.



Reducing this loan sounds good emotionally, but may not be best financially.



Should You Use SIP Corpus to Prepay Loan?
Let us evaluate this carefully.



Using Rs. 15 lakh from SIP to reduce loan will bring down EMI or tenure.



But it will stop the compounding of that Rs. 15 lakh.



SIP in mutual funds has potential to deliver higher returns than loan interest.



Over long-term, equity mutual funds grow faster than the cost of a loan.



So keeping SIP invested gives better wealth growth.



You will also lose liquidity if you prepay loan. That’s a risk.



In case of job loss or emergency, you can’t get money back from loan.



But SIP corpus is accessible if really needed.



So using SIP to reduce loan is not advisable at this stage.



Your loan EMI is not hurting your budget. So you can continue as is.



What Can Be Done Instead?
You can follow a balanced and flexible strategy.



Continue your Rs. 45,000 SIP. Do not stop it.



Split this SIP amount into growth-oriented and hybrid mutual funds.



Use actively managed funds. Avoid index funds. Index funds follow market blindly.



In down markets, they fall equally. No protection during correction.



Actively managed funds aim to reduce downside and find better growth.



Choose regular plans via a Certified Mutual Fund Distributor working with a Certified Financial Planner.



Direct funds don’t offer advice or review. You will miss strategic help.



Regular plans come with personalised support and ongoing monitoring.



That is more valuable than slightly lower expense ratio.



Use part of your growing SIP corpus later for home loan prepayment in 4-5 years.



This way you benefit from compounding and debt reduction.



Debt Freedom Goal – A Step-by-Step Plan
You want to become debt-free. That’s a powerful goal. Let’s plan for it.



Don’t aim to close full loan immediately. Plan for a staged prepayment.



Every 3 to 5 years, use part of your corpus to reduce principal.



This shortens loan tenure and reduces interest burden.



At the same time, keep investing parallelly.



Maintain a clear balance between long-term investment and debt reduction.



Avoid emotional decisions. Focus on long-term financial logic.



Reinvest bonuses or surplus into mutual funds. Use them later for bulk prepayment.



Avoid pulling SIP corpus unless you have a shortfall in emergencies.



You can use part of SIP corpus to prepay loan when it crosses Rs. 25 to 30 lakh.



Emergency Fund and Liquidity
Do you have an emergency fund? If not, create one soon.



Keep 6 months’ expenses as reserve. Use liquid or ultra-short-term funds.



Do not invest emergency fund in equity. Keep it separate.



Emergency fund gives peace and safety. Never use it for loan prepayment.



Child Education and Family Planning
Your wife is handling kids’ education. That gives you flexibility.



In a few years, education costs will rise. Plan early.



Use goal-based investing for each child’s milestone.



SIPs should be mapped to each goal. Use separate folios if needed.



Review each goal with a Certified Financial Planner once a year.



Do not mix children’s education fund with loan prepayment plans.



Keep goals separate for clarity and better management.



Insurance Protection Check
Do you have a term life cover? Make sure it’s 10x your yearly income.



Home loan is big. Your family needs safety if anything happens.



Do not rely on ULIPs or endowment plans. They give poor cover and low returns.



If you hold such policies, consider surrendering. Reinvest that money in mutual funds.



Health insurance is a must for you and family.



Even if your employer provides cover, keep personal cover too.



It helps after job switch or retirement.



Tax Planning Insight
You can claim Rs. 1.5 lakh under 80C for home loan principal.



Claim interest up to Rs. 2 lakh under section 24.



SIP in ELSS mutual fund also gives 80C benefit.



But don’t invest just for tax saving. See overall returns too.



Keep documentation ready for all claims.



Final Insights
You are already on the right track. You are managing EMI, expenses, and still investing. That shows discipline.



Using SIP corpus now to reduce loan is not the best decision.



Continue investing. Let compounding build your wealth. Use partial corpus in future for prepayment.



Stay invested in regular mutual fund plans through Certified MFDs associated with CFPs.



Avoid index and direct funds. They lack guidance, risk control, and personalised support.



Build a strong base with emergency fund, term insurance, and goal-based SIPs.



You are young. Your income is growing. Let time and planning work for you.



You can become debt-free and financially secure within 8 to 10 years.



Stay focused. Review once a year. Avoid panic or shortcuts.



You are doing great. Just stay steady.



Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |8493 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 22, 2025

Money
Sir, I am single earning mother aged 54 years government job earning take home salary 1.20 lacs. Son 24 years studying. He will take another two years for completion. I am having a total loan of 35 lacs i.e personal loan and home loan. Took a personal loan for puchase of land. I feel I made a mistake by taking huge loan and paying emi. Is my decision right or I should not have opted for taking loan. Rather I should have invested. At present I don't have any savings. But I will get a good amount of pension. Is my decision right
Ans: You are a single mother, 54 years old, working in a government job, and earning Rs. 1.20 lakhs take-home every month. You are managing your son’s education and a Rs. 35 lakh loan that includes a personal loan for land purchase and a home loan. You have no savings currently but are expecting a decent pension.

This shows your strong commitment and sense of responsibility. You have already supported your child up to age 24. That is a great achievement.

Let us go step-by-step and assess your current situation fully, and work on how to improve it.



Income and Expense Structure
You earn Rs. 1.20 lakhs per month. This is a stable government salary.



A part of this goes to EMI. Remaining is spent on household and child’s needs.



You currently have no savings. This puts some stress on your financial safety.



You will have a good pension. That is a major strength.



Loan Analysis
You have a total loan of Rs. 35 lakhs. This includes a personal loan and a home loan.



Personal loans come with high interest. This can affect your cash flow.



Using personal loans for land purchase is not ideal. Land does not give regular income.



But the decision is already made. So now, focus on the next best steps.



Your loan is not a failure. It is a learning. You acted for your family.



What You Can Do Now
Let us plan from a 360-degree perspective. We will try to improve your financial life step by step.



1. Expense Management and Budgeting
List your monthly fixed expenses, EMI, household costs, and child-related costs.



Find areas to reduce or control expenses. Even Rs. 5,000 per month saving helps.



Avoid impulsive expenses. Say no to non-urgent purchases.



Build a clear budget and track it monthly.



Use a simple notebook or app to write down expenses.



2. Emergency Fund Creation
This is your first priority before investing.



Start saving Rs. 3,000 to Rs. 5,000 per month if possible.



Build an emergency fund equal to at least 3 to 6 months of monthly expenses.



Keep this fund in a liquid form. Use savings account or low-risk instruments.



Never touch this fund for regular expenses.



3. Loan Repayment Strategy
Focus on clearing the personal loan first. It has higher interest.



Do not try to pre-close the home loan unless cash flow allows.



Consider discussing with your bank if a restructuring option is possible.



If you get any bonus or arrears, use it for part pre-payment.



Never miss any EMI. Your credit score should stay strong.



4. Investment Planning
Once emergency fund is ready, and loan EMI is manageable, start investing small amounts.



Start SIPs in mutual funds through regular plans using an experienced MFD who works with a CFP.



Do not choose direct plans. They may seem cheaper but come with no guidance or help.



Direct plan investors miss rebalancing and timely action during market ups and downs.



Regular plans through MFDs give you advice, access to portfolio review, and strategy.



Also, avoid index funds. They copy the market. But they don’t manage risk in bad times.



Actively managed funds by professionals aim to protect value in market falls.



Invest slowly and steadily. Focus on long-term compounding.



Start with Rs. 3,000 to Rs. 5,000 SIP once emergency fund is ready.



5. Child’s Education Planning
Your son is 24 years old. He will complete studies in 2 years.



Until then, he is financially dependent. Plan your expenses around this timeline.



Once he starts earning, your monthly cost burden will reduce.



Encourage him to take responsibility for small costs soon.



Share your situation honestly with him. He will understand.



6. Retirement and Pension Planning
You are nearing retirement in a few years. So building post-retirement safety is key.



Your government pension is a great advantage. It gives income for life.



Even after pension starts, keep investing part of it in mutual funds.



Avoid traditional insurance-based investments. They offer low returns.



If you hold any ULIP or traditional endowment policy, review and consider surrendering.



Shift the surrendered amount into mutual funds in a staggered way.



Never buy products that promise returns with insurance. They do not beat inflation.



7. Insurance Protection
Ensure you have a term life insurance policy until your son becomes independent.



If not, take one now. Term plan is low-cost and gives high cover.



Once your son becomes financially independent, you may not need life insurance.



Maintain your health insurance even after retirement. Renew it without break.



Ensure the policy has enough sum insured. Top-up if needed.



8. Future Asset Management
Once your loans are cleared and pension starts, shift focus to asset creation.



Monthly SIPs should continue even after retirement. This keeps your money growing.



Use a mix of large-cap, flexi-cap, and hybrid mutual funds.



Review your portfolio once a year with a CFP.



Invest with goal-based approach. Short-term needs in safe options. Long-term goals in equity.



Do not chase high returns. Focus on balance between safety and growth.



9. Legal and Estate Planning
Make a simple Will. Mention your assets and your son as nominee or heir.



Ensure your bank accounts, insurance, and investments have proper nominations.



This helps in smooth transfer and avoids future disputes.



10. Emotional and Mental Peace
Money issues can feel heavy. But you have already done a lot.



Be kind to yourself. You have raised your son with full commitment.



Every step from now should be calm and planned.



You don’t need to compare with others. Your life is unique.



Even small savings from now can grow big in few years.



Finally
You have taken a bold step in raising a child single-handedly while handling job and loans. That alone shows your strength. While taking a personal loan for land may not have been ideal, your intent was to secure the future. Do not feel regret. Use the lessons and focus on financial recovery.

Start with small consistent savings. Reduce personal loan burden first. Avoid new debt. Begin SIPs once emergency fund is ready. Use only actively managed mutual funds via regular plans with a certified mutual fund distributor who works with a CFP. Build your confidence again.

Remember, it’s not too late. Financial peace is still possible. Plan, act, and stay steady.



Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Ramalingam

Ramalingam Kalirajan  |8493 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 22, 2025

Asked by Anonymous - May 18, 2025
Money
I am 28 M single, have a salary of 40k,how would I go about making a saving so that I am settled at 35-38 years of age.I am not fully knowledgeable of stocks and other options, personal spending is around 20k per month out of the 40k on the salary.
Ans: It's commendable that you're thinking ahead about your financial future. At 28, with a monthly income of Rs. 40,000 and personal expenses around Rs. 20,000, you have a solid foundation to build upon. Let's explore a comprehensive approach to help you become financially settled by the age of 35-38.

Understanding Your Current Financial Position
Income and Expenses: You have a surplus of Rs. 20,000 each month after expenses.

Age Advantage: Being 28 gives you a 7-10 year horizon to plan and invest.

Financial Goals: Aiming to be financially settled by 35-38 is a realistic and achievable goal.

Building a Strong Financial Foundation
Emergency Fund: Aim to save at least 3-6 months' worth of expenses, i.e., Rs. 60,000 to Rs. 1,20,000.

Health Insurance: Ensure you have adequate health coverage to protect against unforeseen medical expenses.

Life Insurance: Consider term insurance if you have dependents or plan to have in the future.

Strategic Savings and Investments
Systematic Investment Plans (SIPs): Start with a monthly SIP of Rs. 5,000 to Rs. 10,000 in diversified mutual funds

Public Provident Fund (PPF): Invest Rs. 1,500 to Rs. 2,000 monthly for long-term, tax-free returns.

Recurring Deposits (RDs): Allocate Rs. 2,000 to Rs. 3,000 monthly for short-term goals.

Enhancing Financial Literacy
Educational Resources: Read books and articles on personal finance to deepen your understanding.

Workshops and Seminars: Attend financial planning workshops to gain practical insights.

Consult a Certified Financial Planner: Seek professional advice to tailor a plan specific to your goals.

Monitoring and Adjusting Your Plan
Regular Reviews: Assess your financial plan every 6 months to ensure alignment with your goals.

Adjust Contributions: Increase your investment amounts as your income grows.

Stay Informed: Keep abreast of market trends and adjust your portfolio accordingly.

Final Insights
By consistently saving and investing wisely, you can achieve financial stability by 35-38. Starting early and staying disciplined are key to building wealth over time. Remember, financial planning is a continuous process that adapts to your evolving life circumstances.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.youtube.com/@HolisticInvestment

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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