Money Map with a home loan
Sample: Rohit, 38, engineering manager in Pune. ₹24 lakh a year, ₹60 lakh home loan, two children.
₹52,069 EMI, 31% of take-home
Your EMI split into interest and principal, against everything else in the month.
Lands in your bank each month₹1,65,800
Where it goes
- Home loan EMI: interest part₹42,118 25%
- Home loan EMI: principal part₹9,951 6%
- School fees, two children₹14,000 8%
- Parents' health cover₹4,200 3%
- Society maintenance and bills₹9,000 5%
- SIP₹12,000 7%
- Groceries and household₹28,000 17%
- Car, fuel, travel₹9,000 5%
- Eating out and fun₹8,000 5%
- Left at month end₹29,531
Three checks
Saving each monthOn track25%
SIP plus what is left, out of take-home. Rule of thumb: 20% or more.
EMIsWatch31%
Share of take-home that goes to loans. Rule of thumb: under 20% is easy, above 40% is a strain.
Emergency fundBuild up2.6 months
Savings in bank and FD against a month of needs. Rule of thumb: 6 months.