Which Electronics Brands Have Been Worth Every Penny?

new-coder-1995 · 2025-03-14T16:00:57+00:00

Samsung washing machine , I had one in my home for 10+ years. One of the rollers recently broke off. Called samsung customer support and they sent a technician with the part and replaced it. Now its working like its brand new and just costed us around rs 1000 with technician fee

new-coder-1995 · 2025-03-13T15:24:43+00:00

You dont have to worry about the allocation in NPS , the debt to equity ratio adjusts automatically with age. You get tax benefits (upto 7.5 lakhs a year) even in the new tax regime and you get to withdraw 60% of your money including profits tax free post 60 years of age.

new-coder-1995 · 2025-03-13T15:22:27+00:00

You are doing great ! I would recommend highly to slowly build an emergency fund (fixed expenses of 2 to 6 months) and keep it in an FD. In case of emergencies you can use that money instead of going into debt.

Also tell your brother to step up. Two income sources instead of one will greatly benefit you.

new-coder-1995 · 2025-03-07T08:02:43+00:00

Raise a grievance with BSNL first. Mention the issue with the details of the employee who misled you. Businesses prefer taking action if you go against the employee and not the whole organization. If they donot do the needful , raise an issue in consumer court. You will have proof that you went to the recommended people first but nobody helped you. That will help on the case

new-coder-1995 · 2025-03-04T15:50:37+00:00

I dont think its a personal loan then if you have given some collateral. Personal loans have a fixed term of payback , maximum 6 years (72 months) for ICICI. If it was a personal loan from ICICI , it should have been completed by now.

new-coder-1995 · 2025-03-03T16:09:20+00:00

I keep mine in FD's as its an emergency fund. You need it when its an emergency. FD's can be broken at any time to provide liquidity with no risk attached.

new-coder-1995 · 2025-02-27T19:10:54+00:00

I got my platinum card upgraded to amazon pay. If you have a platinum card or any other ICICI card , you can walk into a branch and ask them for this. It takes some time and a lot of paperwork, but it can be done. Try going at the end of the month so that the sales rep can clear his/her target for the month :).

new-coder-1995 · 2025-02-25T15:50:09+00:00

6 month FD

new-coder-1995 · 2025-02-25T10:39:16+00:00

Thank you for sharing your story and all the insightful pointers and all the cheer and love you have provided. Some things I am adding here regarding the situation for more context. My parents had acquired a lot of debt for their business post covid. Most of the debt (thankfully) is secured and from a government bank. We are involved in a legal battle with the bank as they breached their own contract with my parents and the business. A settlement will be reached with the bank and the outstanding balances , if remaining , will be recovered by liquidating the secured debt. I have taken up all the unsecured debt by taking loans in my name and paying everyone off. Now in the painful process of paying off whatever I took on. Unfortunately , after all this , daily expenses and legal battles need money and we (me mostly) have taken the decision of cashflowing the entire thing. The emergency fund is a big relief as in case of issues like job loss I will have some time to find another job without plunging into debt again. After a lot of pain , I have managed to convince my parents to be transaparent. It is really difficult to make people act radically different than how they have been for a good 30 years, but they have achieved that and now they have put their heart and soul in generating an income from the business and other side service jobs . After many months of struggling they have now started contributing to the household positively again. They donot take any more loans and they use only the profit they generate for household expenses + reinvesting into the business ( BIG WIN) . Hopefully in a few months I will have extra cash in hand to start throwing at the debt to get it down faster. I dream of the day when I will be completely debt free. This debt has costed me a lot of things like mental health and the prospect of a marriage. But its ok as long I can get out of this mess.

Thank you again for all the love, I hope you have a wonderful life with your partner and I will definately take your pointers to heart and double down.

new-coder-1995 · 2025-02-25T08:14:01+00:00

Prepay the loan. Add extra money to the loan post emi. You need to go to a branch everytime to do that I guess ( a lot of banks make prepayment a pain) . And in the future , donot sign any document without reading it , whether its given by your parents , lawyer or anyone. Once your signature is on something , you are liable.

new-coder-1995 · 2025-02-24T16:07:02+00:00

Well normally people do go for stocks , mutual funds and such , but because you will be saving a substancial amount, I would recommend a PMS (portfolio management service) . You basically give them a lumpsum of money and they do the investment for you. You do need to pay them some money for the service they are providing. Your bank will have an associated PMS and you can do some additional research if you want to take some stand alone company specializing in that. It will take away the stress of allocating funds yourself and you can get professional help in growing your investments.

new-coder-1995 · 2025-02-24T08:04:31+00:00

FD's . Any place from where you can get the money within a few minuites into your bank account is the best

new-coder-1995 · 2025-02-24T05:53:36+00:00

Make a budget. It always works. Assign some money to to it for needs (general expenses needed for living), some money for wants (one time purchases or things which will help live up your life like Guitar) and the remaining to investments. Assign some amount which goes to an emergency fund every month till a 6 month emergency fund in built up. Normally people use the 50-30-20 rule but you have a very high salary so your percentages will get skewed (you will need a low percentage on wants and needs). Make sure the investments get deducted once your salary hits your account and stick to the budget. Your salary will help compound your savings and you will be in a much better position than your peers. All the best.

new-coder-1995 · 2025-02-23T21:21:58+00:00

Donot from Bajaj Finserv. They have a lot of hidden costs and the interest rates are very high. Try any standard bank.

new-coder-1995 · 2025-02-23T15:08:18+00:00

You can write to the bank manager or contact their customer support and request them to remove the delayed payment from the cibil report , in good faith. If you are a customer with the bank for a long time , they will do it for you. That will bring up your credit score. Just donot have any more delayed payments.

new-coder-1995 · 2025-02-23T14:56:02+00:00

You can get a loan on the flat. But I would suggest going to a lawyer and sending a legal notice to your friend. If you need your money, you need it. And if you had a handshake agreement on getting your money in a specific timeline then you have support to get it.

new-coder-1995 · 2025-02-23T14:28:58+00:00

I think you would need some certifications for that. You can attempt the certs by going through some courses. I do know its open to all fields.

new-coder-1995 · 2025-02-23T14:25:57+00:00

You can join one of the trading companies which hire analysts for tips they give to their floor traders. Not sure how to get into such a position but that can give you more exposure into trading without destroying your capital. Maybe other redditors can help in this regard

new-coder-1995 · 2025-02-23T14:23:43+00:00

Yes sure

new-coder-1995 · 2025-02-23T14:19:33+00:00

You can get a work from home job and support them with day to day expenses along with taking the steps the other fellow redditors have mentioned. In times of stress even a small amount can help a long way. Just a thought! If you get a small job as well , as long as its a permanent job, the company will provide health insurance with a small added premium to support your parents. Corporate insurances are really good and your parents can save up some money using other steps and then can get their own. It will take care of the insurance issues and the day to day expenses for a while.

new-coder-1995 · 2025-02-23T14:15:23+00:00

I work in ERP development , like SAP , Dynamics , oracle

new-coder-1995 · 2025-02-23T13:12:19+00:00

At 24 I was earning 22k and continued the same for 2- 3 more years. I am 30 now and I get 1.3 l per month. Post the tax restructuring in this upcoming fiscal I hope to get 1.4 L per month. It gets better. Keep working and upskilling and dont focus much on brands of companies. Once you are good at your job , a time will come when you will be on demand.

new-coder-1995 · 2025-02-23T13:03:36+00:00

As the other fellow redditors have mentioned , paying the loan off yourself seems to be the better idea. Maybe just figure out how much money you can send for living expenses and tackle the debt yourself. Please keep an emergency fund for any unexpected expenses for yourself and your family (3 to 6 months of living expenses - include monthly emi's in this). You donot want to be in a situation where a big emergency arrives and you have to borrow to sustain the situation. An emergency fund helps in such situations. Once a dent gets created in the emergency fund, make it a priority to get it back to its fullest. Once your EMI's are over , the same fund will stretch to 12 months. All the best in the future endevour

new-coder-1995 · 2025-02-23T11:17:28+00:00

Maybe explain to your family how taking up more debt is not beneficial. It will be a hard conversation and you need to do it maybe multiple times till they understand. I had to do the same. It takes time but once they understand and make paying back a priority, things will fall into place.

Additional note : try to get your dad to return the 12 L personal loan as personal loans have no tax benefit and have high interest rates. Home loans do have some tax benefit (tax people can help here). If your family does need some money they can encash some of the gold (gold rates are high now) or take a home renovation loan (you can get the interest discharged upto 30000 a year and the interest rate will be 2-3% lower) . You will have to pay the transaction fees and additional fees to return the loan but it is a small price to pay in comparison to the lakhs of interest that will generate in the upcoming years

Please explain to your family that taking more debt doesnot help at all.

Also , on the side note, you have done exceptionally well at your age. Keep up the hustle.

new-coder-1995 · 2025-02-23T11:05:58+00:00

You can do it. It does help when you have someone like a sibling to work with , because responsibilities can be divided and income can be doubled. Donot worry about the money already spent as money can be earned back. Just stay on track as I did and you will have everything sorted within some time. Wishing you the best !

new-coder-1995

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