My Finances – Jan 2023

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Welcome to My finances

First of all, wish you a very happy new year!

I believe this year going to awesome, can’t wait to see what’s it has for you all:)


my finances

My Mutual fund holdings are primarily index funds, tax-saving funds, and 1 active small-cap fund.

Much of stock holdings are less than a year, due to that negative return.

Note:- All the figures are in INR (wish they could be USD, except for my debt)


My finances

Credit card debt.

I do have credit card debt, which I got into without getting to know the charges & interest behind it. I screwed it up. It’s alright!

It is okay to do mistakes. But I reduce my credit card debt from 90,000 INR to 63,500 in 2 months.

I am planning to pay off my credit card debt first. I am going by the debt avalanche method.

Gold Loan:

This loan I took for relocating from south to North India. One good thing is, this loan is against gold. The value of gold appreciates over time.

Recently, the bank is ready to give me another 50,000 loans on my existing loan to match the value of gold which I politely didn’t accept.

They are charging 9.85 % interest on an annual basis.


This Loan I got this from my friend, the good thing is it interest-free.

But I got to pay the entire amount by May.

The goal of the year- 2023:

I have just one goal!

I want to be debt free. That’s it. Stay tuned for my February 2023 update.

Thank You



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