{"id":216,"date":"2016-05-23T12:11:24","date_gmt":"2016-05-23T12:11:24","guid":{"rendered":"http:\/\/blog.kuvera.in\/?p=216"},"modified":"2017-05-12T04:22:53","modified_gmt":"2017-05-12T04:22:53","slug":"goal-visualization-and-planning-3-of-4","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/goal-visualization-and-planning-3-of-4\/","title":{"rendered":"Goal Visualization and Planning (3 of 4) &#8211; The House Goal &#8211; Building up the Corpus the Cash or FD way"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69d81f5456651\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69d81f5456651\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/goal-visualization-and-planning-3-of-4\/#Method_1_Monthly_Saving_Required_Rs_41667\" title=\"Method 1: Monthly Saving Required Rs 41,667\/-\">Method 1: Monthly Saving Required Rs 41,667\/-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/goal-visualization-and-planning-3-of-4\/#Method_2_Monthly_Saving_Required_Rs_35358\" title=\"Method 2: Monthly Saving Required Rs 35,358\/-\">Method 2: Monthly Saving Required Rs 35,358\/-<\/a><\/li><\/ul><\/nav><\/div>\n<p><img loading=\"lazy\" class=\"aligncenter size-medium wp-image-217\" src=\"https:\/\/blog.kuvera.in\/wp-content\/uploads\/2016\/05\/calculator-1019936-300x300.jpg\" alt=\"calculator-1019936\" width=\"300\" height=\"300\" srcset=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2016\/05\/calculator-1019936-300x300.jpg 300w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2016\/05\/calculator-1019936-150x150.jpg 150w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2016\/05\/calculator-1019936-768x768.jpg 768w, https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2016\/05\/calculator-1019936-1024x1024.jpg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Over this and the next post, we will explore some simple methods to achieve the House Goal set in the previous post ie saving Rs 25 lakh in 5 years.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Method_1_Monthly_Saving_Required_Rs_41667\"><\/span><strong>Method 1: <\/strong>Monthly Saving Required Rs 41,667\/-<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>If you were to just put aside INR\u00a041,667 every month for the next 60 months, you will reach this goal. Easy right? Except there are smarter ways that will require less money every month and still get you there!<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Method_2_Monthly_Saving_Required_Rs_35358\"><\/span><strong>Method 2: <\/strong>Monthly Saving Required Rs 35,358\/-<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Let\u2019s say every month for the next 59 month you place a fixed deposit on the 1<sup>st<\/sup> day of each month such that each FD will earn you 6.5% till maturity. So FD 1\u00a0of Rs 35,358 will\u00a0mature into\u00a0Rs 48,893 in 60 months, FD 2 of Rs 35,358 will\u00a0mature into\u00a0Rs 48,630 in 59 months and so on. Effectively at the end of 60 months, you will have 60 FDs that will mature and together will amount to Rs 25 Lakhs in your account. Apart from the hassle of placing 60 FDs, finding one that gives you 6.5% throughout the 5 year period and managing the taxes you need to pay on the interest earned, this is another simple method to reach your goal. And every month the amount that need to put aside will be Rs 6,309 less or a saving of Rs 3.78 lakhs over 5 years as compared to <strong>Method 1<\/strong>. Cool, right?<\/p>\n<p>The above two methods are fairly commonly used by most as the risk is minimal in both. But given that you have 5 years to go, you could consider taking higher risk.<\/p>\n<p>Note inflation and taxes are not factored in for simplification.<\/p>\n<p>This is Part 3 of\u00a0the 4 part series on Goal Visualization and Planning. Read\u00a0<a href=\"http:\/\/blog.kuvera.in\/021-goal-visualization-and-planning-1-of-4\/\">Part 1<\/a> and\u00a0<a href=\"http:\/\/blog.kuvera.in\/023-goal-visualization-and-planning-2-of-4-the-house-goal\/\">Part 2<\/a> here.<\/p>\n<p>Coming up Next: <a href=\"http:\/\/blog.kuvera.in\/025-goal-planning-and-visualization-4-of-4\/\">Goal Visualization and Planning (4 of 4) &#8211; The House Goal &#8211; Building up the Corpus using SIP or IMT<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Visit <a href=\"http:\/\/www.kuvera.in\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">www.kuvera.in<\/a> to invest in &#8220;Direct Plans&#8221; of Mutual Funds and save BIG on commissions!!!<\/p>\n<p>#MutualFundSahiHai #KuveraSabseSahiHai<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over this and the next post, we will explore some simple methods to achieve the House Goal set in the previous post ie saving Rs 25 lakh in 5 years. Method 1: Monthly Saving Required Rs 41,667\/- If you were to just put aside INR\u00a041,667 every month for the next 60 months, you will reach [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/goal-visualization-and-planning-3-of-4\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":3,"featured_media":217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[88],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Goal Visualization and Planning (3 of 4) - The House Goal - Building up the Corpus the Cash or FD way - Kuvera<\/title>\n<meta name=\"description\" content=\"Learn how goal planning and visualization helps in setting a &quot;buy a house&quot; goal. 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