TomorrowMakers

How I managed my money
Rajesh Singh
Corporate Executive

Growing up I did not have much other than the bare necessities. Though my mom tried her best, she could not fulfil our wishes. I always knew I had to study and improve my life. Today, I own a bike, a car and my own humble house. This has only been possible because of my prudent wife.

We married young for love and we knew we had to be smart to make it work for us. We started living in a rented space in a not so very posh place in Pune. We started saving heavily from both our incomes as we wanted to build a corpus for the down payment of our home. We limited our spending, cooked at home and watched a movie on TV whenever the mood arose – instead of going out and shelling a few thousands. It was my childhood dream to own a Royal Enfield and that is the only luxury we spent on. In about 4 years, we had saved enough money to put a down payment on a 1 BHK in a decent neighbourhood. The saving strategy continues. In addition to paying our EMIs, we save cash to prepay our loan every quarter and take holidays whenever we can. We recently also purchased our first car. We plan to become home loan-free in 10 years instead of 20. 

How I did it

Rahila Khan
Homemaker

I am a single mother of one. I lost my husband just 5 years into my marriage. Life has been a struggle for me, but I have managed it and today I have no complaints. 

I was a young widow with a 3 year old son when my husband passed away due to a heart attack. My parents were my rock… Read more

Piya Sharma
Chartered Accountant

I am a CA by profession. As my training has taught me, investing is a big part of my financial strategy. I am slightly risk-averse and invest heavily in mutual funds, FDs and ULIPs. I stay away from the stock market. 

As the household expenses are taken care of by my husband, I use most… Read more

Rajesh Singh
Corporate Executive

Growing up I did not have much other than the bare necessities. Though my mom tried her best, she could not fulfil our wishes. I always knew I had to study and improve my life. Today, I own a bike, a car and my own humble house. This has only been possible because of my prudent wife.

We… Read more

Suraj Chandwani
Gas Station Owner

I like to work hard and live a good life. I want to give the best to my wife and son, as well as my parents who live with us. I own a gas station in the suburbs of Mumbai. I had taken a loan to set up my business. So a major chunk of my earnings goes in repaying the loan. I also have a car loan… Read more