STT: We are a family of five I am the head of the family working in Govt. Dept as Sr. Officer. My wife is a typical housewife (Not into NGOs/social activism) My eldest son 18 doing college My second son 15 in SSC My daughter 13 studying STD VIII
Our assets: House 3bed Apt. purchased 10 years ago Rs.12 lacs (now worth 70 lacs) Car Rs. 8 lacs Motor bike 50,000 Jewelry 2.5 lacs Land/plot purchased 5 years ago for 5 lacs (now worth 28 lacs) Bank fixed deposit: 6 lacs (1 lac each in child’s name, maturity amount tripple) Our share in the ancestor house/property worth 15 lacs. Various advances (close family members borrowings etc) 1.5 lacs Expected back pay (Re: 6th pay Commission eff. Jan. 2007) Rs. 4 lacs Expected Retirement benefits - provident funds etc 5.5 lacs Following are our av. monthly outgoings (Expenditure): Food Stuff (Ex. Fish, Poder/Milk) Rs. 3500 Fish only 3500 (if no fish then children go on hunger strike) Milk/poder (baker) 1500 Bills 3000 (Elec/Gas/Water/tax/phone/internet/Cable/Newspaper/house keeping/etc) School/College fees (Ex Pvt.Tuition fees)book/uniform/transport etc 4000 Pvt.Tuitions fees only 3000 Petrol my car & sons motor Bike 2500 (I only drive during w/ends, week days I take lift to work) Movies at Inox (all 5) twice a month 2500 (includes tickets @190/head + popcorn/drinks) Family outing/Picnics twice a year by car – 600 Kids birthdays/gifts/pocket money 1250+250+4500= 6000 Saving a/c daughter 500 Kids Clothing& footwear etc 1000 Self Alcohol/Bar/Friends 4500 (I don’t smoke) House repairs/painting/furniture etc 1000 My old Parents 1000 (my contribution, there are other sons too) Misc. Expenses 1500 Total outgoings Rs.39,500 per month Our Liabilities: Bank loan.. Nil Others : Nil Our Income: (monthly) Salary: 19500 net Others Misc. official income Nil Total monthly Income: 19,500 Total monthly Expenditure: 39,500 = -20,000 i.e. Expenditure is more than the income by Rs.20,000 How come ? (And that’s your homework for today) STT= Something To Think [EMAIL PROTECTED] for Goa & NRI related info... http://in.groups.yahoo.com/group/GOAN-NRI/ For Goan Video Clips http://youtube.com/joeukgoa In Goa, Dial 1 0 8 For Hospital, Police, Fire etc
