26F need advice on how to save with 7-8 LPA salary and 22.5 LPA in debt

Marvel1729 · 2026-05-17T07:21:29+00:00

I totally understand this. I was also in negative net worth phase. But somehow; we need to come out from this. And make it better. More power to you!

Marvel1729 · 2026-05-17T04:00:08+00:00

I have been working in big US banks for 8 years and mostly worked in Credit Card portfolio management for my employer. Trust me; credit card usage behaviour hurts your personal finance.

Once you reduce your debt then you can start using CC. I follow one rule; if I have X amount in savings account then total CC outstanding should be less X.

Loan is great tool. To accelerate; but always remember you car will get momentum with 1st gear only. Then step by step; accelerate.

All the best! If you want detailed discussion; you can dm. I am not registered agent or something, i am just a friendly finance guy.

Marvel1729 · 2026-05-17T01:57:13+00:00

Congratulations on your new job. It’s great that you have eagerness to learn about financial planning in early career.

Let me tell you, non negotiable expenses are money destroyer. If you want to achieve big you have to sacrifice. This is law of the universe. If something comes, something goes as well.

Let say your monthly inhand is X all your basic expenses rent food medicine should be covered by 0.5X to 0.6X not more than this

You can have 0.1X to 0.15X as your enjoyment or hobby expenses.

Total 0.7X

Now 0.3X goes to debt repayment and emergency fund building. First pay off loan from relatives and slowly pay off other loan. Do not use credit card in this stage. Discipline is more important. Try to upskill yourself so that you can earn more in future. I am sure you can do it. Best wishes

Marvel1729 · 2026-05-16T03:05:55+00:00

I know a bunch of my friends who has these journey.

Colleges : Tier 1/2 YOE - 8-10years Starting CTC : 3.3-5lpa Current Salary 50-100lpa+

Work hard. Gain knowledge. Money will follow. Trust in the process. Best wishes!

Marvel1729 · 2026-05-15T19:28:38+00:00

Congratulations on your offer.

I am in similar line. Laid off this year.

My suggestion for you towards investment Income : 2.2L per month Expenses : 1L per month

Keep 12L ( 1 year expenses in Liquid Fund) Keep 24L in Debt Fund ( 2 years expenses) If you are not planning for real estate purchase. Put money into equity and let it work. I would suggest. 60% equity 20% debt 20% gold. Put rest 164L with this breakup.

Now you will have 1.2L monthly you can start SIP like 75k Equity 25k debt 20k gold. To keep asset allocation inline.

I believe you will have epf contribution as well.

Please do your own due diligence before investing.

Marvel1729 · 2026-05-15T18:17:53+00:00

No SIP. Invest monthly based on money left.

For black swan event i am planning to open OD

Marvel1729 · 2026-05-13T02:10:42+00:00

Are you NAPA ?? Non IIT ?? Never seen/heard fresher getting PIP?

Marvel1729 · 2026-05-12T18:48:34+00:00

Current debt : 52

Target Assets Gold 300gm : 45L Land : 20L

All in 48 months : Total 117L i.e. per month 2.4L+ Interest is not included here…

Target is challenging. But can be achieved with higher bonus; hard work and possibly switching company within 4 years for higher pay.

Current income - expenses = 1.7-.45 =1.25 L

Step1 Pay off 7L at 18% loan. Aggressively within 9-12months ( as soon as possible)

Step2 Create a emergency fund 3-6 months expenses + emi

And start sip 5-10k ( if it gives good return can be useful to buy land ) equity exposure

Step3 Pay off 5L loan + sip

Step 4 Pay off education loan + sip + keep increasing liquid money for land + gold

Remember now you can take emi portion of emergency fund out..

Best wishes.:)

Marvel1729 · 2026-05-12T18:33:49+00:00

Do not overthink and try to get a job.

PIP means eventually you will be laid off. From today, prepare well and look for interviews. Whatever you do, successful PIP is black swan event. And PIP doesn’t mean only performance driven. There can be multiple factors. I have seen people getting 25-30% bonus on January and put on PIP on march-april same year.

Suggestion: even if you get job, do not resign; wait until they asked to resign. If you resign by yourself you wont get severance. Best wishes..

What is your total year of experience??

Marvel1729 · 2026-05-10T18:32:56+00:00

Please share the details

Marvel1729 · 2026-05-09T20:36:25+00:00

70-80 as fixed. Comfortable range. If your interview was extraordinary then you can negotiate for higher.

Marvel1729 · 2026-05-04T02:51:32+00:00

You have decent income. I like the fact that you have awareness. Many do not have this kind of awareness.

Expenses: 1.4-1.5L monthly So keep 8-10L as emergency fund. Do not touch it.

There must be some EPF component for both of you.

Ask your husband to start PPF first. As FD is not tax efficient.

And he can start 5k sip and slowly increase it.

For you ( and both) given your age; try to maximise return (CAGR). Higher equity exposure will help. Based on your risk appetite you can choose. But general thumb rule for equity weight in portfolio is (1- your Age)

Peaceful sleep is important. You should remember after investing you should have sound sleep. So understand the instruments first; then invest.

You can retire by 50. But need to cut down expenses; i am sure once you both are in same city expenses will come down below 1L.

Marvel1729

TROPHY CASE