28, 1.95L per month. Planning to purchase bike 20L
I'm 28M (soon to be 29), living in Blr. Working since 5 years, and have accumulated 83.5L savings. Currently earning 1.95L in hand/month.
Financial conditions:
* Parents are able to take care of themselves financially.
* I don't have any financial responsibilities/debts as of now.
* I don't own any real estate - neither do my parents own (they still live in rented home in tier-2/3 city).
* I don't have marriage plans in next 1 year. And, even so I plan to have a very frugal wedding from groom's side.
| Savings | ₹4,000.00 |
|---|---|
| FD/RD | ₹608,609.59 |
| PPF | ₹657,817.00 |
| EPF | ₹872,018.00 |
| SGB | ₹316,400.80 |
| Physical Gold | ₹1,204,331.40 |
| Mutual Fund | ₹2,102,795.40 |
| Equity/ETF | ₹2,579,507.00 |
| NPS Tier-1 | ₹500.00 |
Question: I've been considering to purchase a bigger bike since a year since I'm heavily into bikes since last few years. How bad of a financial decision would it be?
But, if I delay purchasing the bike, what should be my networth/financial goals I should achieve so that the delay is worth it?