2010: Vijay, a 25 year old is pursuing MBA from one of the top colleges in india
My IT skills are best used in companies like Facebook and Google. I am confident that I will crack them in the placements next year and take home a handsome monthly cheque.
Google and Facebook never came to my campus. I am joining the analytics desk of a large private sector bank. Not too bad. Career has just started. I know I can make it big to buy a house in 3 years
I hate to commute for 3 hours every day. I therefore stay close to my office even though the rentals are 2X here. I am not saving as much as I thought, but I am just 26 anyways. I still have a 4 years to marriage. I am sure I can buy a house by then.
2012: After 12 months in the first job
2015: Vijay gets married to Reena after 5 years of passing out college. A destination wedding and a luxury honeymoon used up majority of his savings.
Wedding is a one time event. Now that Reena earns too, I can think of quitting my job and start my dream business of running a restaurant!! Once the revenues start flowing in, i will start my SIPs for the house.
2017: Vijay suffers a back injury during his gym workout.
This injury is going to cost me a lot. Business is still picking up but I wish I had started a small SIP. Also, I should have bought a health insurance plan, especially after quitting job. But who plans for an injury in the gym???
Ever since Mayra has been born in 2018, expenses have been rising. I am 35 years old now and my business is growing incrementally. And brother was telling me that even pre-nursery schooling needs a good amount of funding these days. I still haven't started the SIPs because my savings are not enough and where is the time?