27, 25L saved — how can I improve from here?
Recently crossed ₹25 lakh net worth at 27 and thought I’d share my journey and get some perspective.
I’m currently in the UK, working in an IT role at a product-based company. I came here in 2022 for university, finished in September 2023, and started working immediately after. I was lucky enough to land a job pretty quickly.
My current finances:
* \~₹26.8L in mutual funds (around 9% absolute returns currently)
* \~₹2.5L in my UK savings account
* No liabilities — my education loan was paid off by my parents
* Current income: \~₹2.8L/month
* Rent: \~₹80K/month
* MF investments: \~₹1.2L/month
* Remaining \~₹80K for expenses
My university fees were around ₹13L, which my parents paid. During university, I also worked part-time for a year, mainly to cover my rent.
I probably could have saved \~₹35L by now, but I’ve also spent quite a bit on travelling to India (7–8 trips in the last 3 years), and I’ve lent some money to my dad for their marriage expenses and holidays. So I’m not really unhappy with where I am.
I’m not particularly aiming for FIRE or early retirement — I mostly read these posts because I find personal finance interesting.
That said, I’d like to get better at saving/investing going forward. Given my current income and expenses, what would you do differently? Would you increase the MF allocation, keep a larger cash buffer in the UK, diversify outside MFs, or simply enjoy the money and not overthink it?
Would love to hear what people in a similar situation would do as I have a few big things probably coming in the next 2-3 years - i.e. Getting married(not sure about this though but surely on the books), buy a car etc.
PS: Obviously, I have used ChatGPT for summarising my brain dump. Really interested to know all of your opinions.