My Finances – May 2023 Update

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Welcome to My Finances!

This is my 5th-month update since I started this page.

The purpose of sharing these numbers is to get out of debt and become debt free as early as possible. The debt payoff method used is the avalanche repayment method.

I got inspired by the blogger a purple life who shares spending & numbers on her blog.

I paid about 12303 rupees against my credit card debt. Finally, I got out of my credit card debt. Hurray!!!!

Click here: How I paid off my credit card debt in 6 months?

My credit card debt is a high-interest debt among all the other debts I have. Also, I requested my friend to give me a few more months to close the debt. Thankfully, he agreed to it.

I made an investment of 3000 rupees in a low-cost index fund, 84000 rupees in individual stocks, and 2500 as cash.

I got 80000 from my additional savings, the market was down last week. So I invested in bulk.

But in the future, I am planning to increase my investments toward index funds, in the long term 80% of my portfolio would be tied to index funds and 20% to individual stocks.

One more piece of good news is, due to the rise of gold prices. The gold I pledged for 90K stands for a value of little less than 2.65 lacs.


my finance

My Mutual fund holdings are primarily index funds, tax-saving funds, and little exposure to US market index funds. No more active funds, as I switched all of the mutual fund’s units to passive funds.

I contributed 3000 rupees this month. Planning to invest another 2000 in a tax savings fund in a few days.

The majority of the individual stocks are less than a year in portfolio, due to that negative return.

Note: All numbers are in INR.


my finances

Credit card debt.

Its NIL. You can check my monthly payments on my finances page.

Gold Loan:

It pretty much stands at the same level. I am planning to make payments from July month onwards, as I will be paying my mother’s health insurance premium in June.

Since the value of Gold is way higher than the Loan I have taken, Not much hassle from the bank.


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

If you have any queries, Please let me know.

Thank You for reading!

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