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Business Standard analyses one family's finances and suggests a suitable way forward
FAMILY PROFILE
Priyesh Gupta is a freelance physiotherapist, living with his wife, Nalini, in Thane. Nalini is a teacher and works for a private school. Priyesh’s father, who served in the army, died a few years ago and his mother stays in Bhopal. His mother receives pension and is not dependent on Priyesh. They have an additional house in Bhopal which is given on rent . The rental income also goes to his mother. Having shifted to Thane a few years ago, Priyesh stays on rent and the couple’s main goal is to buy their own apartment. Priyesh also wants to pay off his personal loans, which he had taken from relatives for his marriage. The couple wants to extend their family by next year and would also like to plan for their child’s educational expenses
