My husband will be moving to the US for a 3-year project in April next year and I will be joining him by the beginning of 2018. I am currently working and earn Rs.70,000 a month. Once I move to the US, I will be unemployed for some time. How should I use this time till I move to make the most of my investments? I currently invest Rs.15,000 in mutual funds through systematic investment plans (SIPs), and around Rs.50,000 annually in my Public Provident Fund (PPF) account. My total monthly expenses come up toRs.40,000. I am 31 years old, and we do not have any children at the moment.
—Shreejitha R.
You have a good 18 months in which you can optimise your savings. Let us first ascertain your potential to save. With a monthly income of Rs.70,000 and expenses of Rs.40,000, you have a clear potential to save of up to Rs.30,000 per month.
